• Matthew Daley to join as Deputy CEO in 2026, then assume CEO role later that year
• Graham Kerr to step down as CEO after 10 years of service
• Daley brings extensive operational and leadership experience from Anglo American and Glencore

South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY) announced that Matthew Daley will join the company as Deputy Chief Executive Officer on 2 February 2026 and will assume the role of Chief Executive Officer (CEO) when Graham Kerr steps down from the role later in 2026. Mr Daley is currently the Technical and Operations Director at Anglo American plc and a member of the executive leadership team. He has over 20 years of experience in the mining and metals industry, spanning roles in operations, regional management, and as a corporate executive across a range of commodities and disciplines. The appointment of Mr Daley follows a comprehensive global search by the Board, which included the evaluation of internal and external candidates. South32 Chair Karen Wood recognized the outstanding contribution Graham Kerr has made over a decade of service through the company's demerger from BHP and the subsequent transformation of its portfolio. As inaugural CEO, Graham has been instrumental in establishing South32's values-based culture, building a quality leadership team, and implementing the company's strategy. Graham will continue to lead the business through the transition period, which will give Matthew Daley the opportunity to get to know South32's people, stakeholders and operations before taking the helm. The Board is confident that Matthew Daley is the right successor for Graham Kerr.