Announcement Summary
Name of entitySOUTH32 LIMITED
Update announcement
Type of updateDaily buy-back notification
Date of this announcement9/10/2025
Reason for updateDaily buy-back notification
S32 : ORDINARY FULLY PAID
The type of buy-back is:On market buy-back
Total number of +securities bought back before previous day30,782,884
Total number of +securities bought back on previous day231,784
Refer to next page for full details of the announcement
Part 1 - Entity and announcement details
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Name of entity
SOUTH32 LIMITED
We (the entity named above) provide the following information about our buy-back.
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Registration number type
ABN
Registration number84093732597
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ASX issuer code
S32
- The announcement is
Update/amendment to previous announcement
1.4a Type of updateDaily buy-back notification
1.4b Reason for updateDaily buy-back notification
29/8/2024
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d Date of previous announcement to this update
3/10/2025
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Date of this announcement
9/10/2025
- ASX Security code and description of the class of +securities the subject of the buy-back
S32 : ORDINARY FULLY PAID
Part 2 - Type of buy-back
- The type of buy-back is:
On market buy-back
Part 3 - Buy-back details
Part 3A - Details of +securities, price and reason
3A.1 Total number of +securities on issue in the class of +securities to be bought back4,503,635,121
3A.4 Does the entity intend to buy back a minimum number of +securitiesNo
3A.5 Does the entity intend to buy back a maximum number of securitiesNo
3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf
Broker name:Royal Bank of Canada
3A.9 Are the +securities being bought back for a cash consideration?Yes
3A.9a Is the price to be paid for +securities bought back known?No
3A.9a.1 In what currency will the buy-back consideration be paid?AUD - Australian Dollar
Part 3B - Buy-back restrictions and conditions
3B.1 Does the buy-back require security holder approval?No
Part 3C - Key dates
On-market buy-back 3C.2 Proposed buy-back start date12/9/2025
3C.3 Proposed buy-back end date11/9/2026
Part 3D - Other Information
3D.1 Any other information the entity wishes to notify to ASX about the buy-backSouth32 intends to continue its buy-back of up to US$200 million of its fully paid ordinary shares under the on-market buy-back announced on 29 August 2024. The Company reserves the right to suspend or terminate the buy-back at any time.
Part 4 - Daily buy-back notification
A daily buy-back notification must be submitted for Employee share scheme, On-market, Equal access share scheme and Other buy-backs at least half an hour before the commencement of trading on the +business day after any day on which
+securities are bought back (per listing rule 3.8A)
Please verify if the pre-populated values are accurate as they are only indicative based on previous online submissions. The pre-populated values may not be accurate if previous online submissions are still in-flight or in case of announcements made via a MS Word form.
Whilst you may over-ride a pre-populated value, once over-ridden it will not be possible to retrieve the previously pre-populated value.
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Date of this notification
9/10/2025
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Previous day on which +securities were bought back
8/10/2025
Total number of +securities bought back, or in relation to which acceptances have been received
Total consideration paid or payable for the
+securities
Before previous day On previous day
30,782,884 231,784
AUD 100,620,377.89820 AUD 686,775.99200
Highest price paid AUD 3.84000000 AUD 2.97000000
Date highest price was paid:26/11/2024
Lowest price paid AUD 2.55000000 AUD 2.95000000
Date lowest price was paid:10/9/2025
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Highest price allowed to be paid by entity on the previous day under listing rule 7.33:
AUD 2.97700000
- If the entity has disclosed an intention to buy back a maximum number of +securities, the remaining number of

