South32 has invited registered sell-side analysts who monitor South32’s securities to submit their estimates in respect of  full year ended 30 June 2021 to an external web-based platform hosted by Vuma Financial Limited (Vuma) (an independent service provider). South32 does not consider the information in the table to be materially price sensitive. It is provided as a courtesy to all interested persons who would not otherwise have access to it.

The consensus figure for a particular item is the arithmetic mean of all estimates submitted for that item by participating sell-side analysts and collated by Vuma. No sell-side analyst who submitted estimates into Vuma following invitation by South32 has been excluded from the consensus figures.

The consensus figures reflect the opinions of the participating sell-side analysts and are not directly or indirectly attributable to South32. South32 has not commented on or verified the information provided by the contributors (other than to correct factual inaccuracies or to direct the analyst(s) to information previously disclosed to the Australian Securities Exchange). Neither Vuma nor third party sell-side analysts have access to South32’s internal financial information. Publication of the consensus figures should not be treated as an express or implied endorsement of the information by South32. South32 expressly disclaims any endorsement of or concurrence with the information and makes no comment about its own forecast performance.

South32’s actual performance for the period is not yet known and may differ from the consensus figures. A significant number of variable factors impact the Group’s financial results, including accounting determinations and external factors (such as fluctuations in exchange rates and commodity prices) immediately prior to the end of the financial year.

The South32 Group, its Directors and employees do not accept any responsibility for the accuracy or completeness of the information, assume no liability whatsoever in relation to the information and undertake no obligation to update or revise it. The information does not constitute or contain investment advice or any recommendation in relation to South32 financial products.

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