REG - South32 Limited - South32 Closes US$700M Of Senior Notes Offering

South32Announcement

14/04/2022 14:45

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RNS Number : 4648I  South32 Limited  14 April 2022

14 April 2022

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

 

SOUTH32 CLOSES US$700M OF SENIOR NOTES OFFERING

South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY) (South32) is pleased to
announce the closing of the previously announced offering of US$700M Senior
Unsecured Notes due 2032 (the "Notes") by its wholly-owned subsidiary, South32
Treasury Limited, to persons reasonably believed to be qualified institutional
buyers pursuant to Rule 144A under the United States Securities Act of 1933,
as amended (the "Securities Act"), and to certain persons outside the United
States in offshore transactions in reliance on Regulation S under the
Securities Act.

The cash proceeds from the offering, together with cash on hand, will be used
to repay in full amounts drawn down under South32's acquisition bridge
facility to partially fund the acquisition of a 45% interest in Sierra Gorda.

The Notes are guaranteed by South32 and certain other wholly-owned
subsidiaries of South32.

Disclaimer

This announcement does not constitute an offer to sell, or the solicitation of
any offer to buy, the Notes or any other securities. Any offer of the Notes
will be made only by means of a private offering memorandum. The Notes are not
being registered under the Securities Act nor the securities laws of Australia
nor any other jurisdiction. The Notes may not be offered nor sold in the
United States without registration under the Securities Act or an applicable
exemption from such registration requirements.

This announcement includes "forward-looking statements" within the meaning of
the U.S. Securities Exchange Act of 1934, as amended. Forward-looking
statements inherently involve known and unknown risks and uncertainties.
South32 provides no assurance that the forward-looking statements contained
herein will prove accurate. No undue reliance should be placed on any
forward-looking statements.

About us

South32 is a globally diversified mining and metals company. 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 produce commodities including
bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical
coal and manganese from our operations in Australia, Southern Africa and South
America. With a focus on growing our base metals exposure, we also have two
development options in North America and several partnerships with junior
explorers around the world.

 Investor Relations
 Alex Volante                                      Tom Gallop

T          +61 8 9324 9029
T          +61 8 9324 9030

M        +61 403 328 408
M        +61 439 353 948

E          Alex.Volante@south32.net
E          Tom.Gallop@south32.net
 Media Relations
 Jamie Macdonald                                   Miles Godfrey

T          +61 8 9324 9000
T          +61 8 9324 9000

M        +61 408 925 140
M        +61 415 325 906

E          Jamie.Macdonald@south32.net
E          Miles.Godfrey@south32.net

Further information on South32 can be found at www.south32.net
(http://www.south32.net) .

Approved for release to the market by Graham Kerr, Chief Executive Officer

JSE Sponsor: The Standard Bank of South Africa Limited

14 April 2022

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