BAML Metals and Mining Conference Presentation

15th May 2018

South32 Limited

(Incorporated in Australia under the Corporations Act 2001)

(ACN 093 732 597)

ASX / LSE / JSE Share Code: S32ISIN: AU000000S320

south32.net

South32 Limited

BANK OF AMERICA MERRILL LYNCH GLOBAL METALS, MINING & STEEL CONFERENCE PRESENTATION 2018

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises that Chief Executive Officer, Graham Kerr, will present at the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference in Miami, Florida today.

The following document has today been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do:

· South32 Limited - BAML Global Metals, Mining & Steel Conference 2018

The presentation will also be available on South32 Limited's website at:https://www.south32.net/investors-media/reports-and-presentations.

About South32

South32 is a globally diversified mining and metals company with high quality operations in Australia, Southern Africa and South America. Our purpose is to make a difference by developing natural resources, improving people's lives now and for generations to come. We are trusted by our owners and partners to realise the potential of their resources. We have a simple strategy to maximise the potential of our assets and shareholder returns by optimising our existing operations, unlocking their potential and identifying new opportunities to compete for capital.

Further information

Further information on South32 can be found at www.south32.net.

JSE Sponsor: UBS South Africa (Pty) Ltd15th May 2018