22 January 2018

South32 Limited

(Incorporated in Australia under the Corporations Act 2001 (Cth))

(ACN 093 732 597)

ASX / LSE / JSE Share Code: S32 ADR:SOUHY

ISIN: AU000000S320 south32.net

SOUTH AFRICA ENERGY COAL UPDATE

South32 Limited (ASX, LSE, JSE: S32, ADR: SOUHY) (South32) today announced important changes to the operational accountabilities of its two Chief Operating Officers which will become effective with the management of South Africa Energy Coal (SAEC) as a standalone business.

Mike Fraser will be accountable for the alumina and aluminium operations in Australia and South Africa, and the Cerro Matoso operation in Colombia, whilst remaining South32's primary representative for SAEC given our current ownership position. Paul Harvey will be accountable for the Group's manganese operations in Australia and South Africa, as well as the Cannington and Illawarra Metallurgical Coal operations in Australia.

South32 Chief Executive Officer, Graham Kerr, said "By establishing South Africa Energy Coal as a standalone business during the June 2018 half year we will significantly simplify our organisation and unlock additional value for shareholders. The revised accountabilities that we have announced today are an important step in this process, allowing us to fully capture value across our supply chain.

"We are well advanced in our planning for this important strategic initiative and will provide further updates as we finalise our new operating model, governance structures and redesign the SAEC business."

FURTHER INFORMATION

INVESTOR RELATIONS

Alex Volante

Rob Ward

T +44 20 7798 1778

T +61 8 9324 9340

M +44 74 6853 3005

M +61 431 596 831

EAlex.Volante@south32.net

ERobert.Ward@south32.net

MEDIA RELATIONS

Hayley Cardy

James Clothier

T +61 8 9324 9008 T +61 8 9324 9697 M +61 409 448 288 M +61 413 319 031

EHayley.Cardy@south32.net E James.Clothier@south32.net

Further information on South32 can be found atwww.south32.net.

JSE Sponsor: UBS South Africa (Pty) Ltd

22 January 2018

Registered Office: Level 35, 108 St Georges Terrace, Perth Western Australia 6000, Australia

ABN 84 093 732 597 Registered in Australia

South32 Ltd. published this content on 22 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 January 2018 12:29:06 UTC.

Original documenthttps://www.south32.net/docs/default-source/exchange-releases/south-africa-energy-coal-update.pdf?sfvrsn=b08387f0_2

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