RIO TINTO LTD

This Implementation report is presented to shareholders for approval at our AGMs.

It outlines how our Policy was implemented in 2024, and the intended operation in 2025.

About our reporting

As our shares are listed on both the

Australian Securities Exchange and London

Stock Exchange, the information provided

within our Remuneration report must comply

with the reporting requirements of both

countries.

Our regulatory responsibilities impact the

volume of information we provide, as well

as the complexity. In Australia, we need to

report on a wider group of executives,

as described in the following paragraph.

In addition, as set out in the summary table

below, the 2 reporting regimes follow

different methodologies for calculating

remuneration.

In the UK, disclosure is required for the Board,

including the Executive Directors.

The Australian legislation requires disclosures

in respect of KMP, being those persons having

authority and responsibility for planning,

directing and controlling the activities of the

Group. In 2024, our KMP comprise the Board,

all product group Chief Executives and the

Chief Commercial Officer.

Executive KMP are listed on pages 136 and

137, with details of the positions held during

the year and dates of appointment to

those roles.

The single total figure of remuneration table

on page 129 shows remuneration for our

Executive Directors, gross of tax and in the

relevant currency of award or payment.

In table 1a on page 141, we report

information regarding executives in

accordance with Australian statutory

disclosure requirements. The information is

shown gross of tax and in US dollars.

The remuneration details in table 1a include

accounting values relating to various parts of

the remuneration package, most notably

LTIP awards, and require a different

methodology for calculating the pension

value. The figures in the single total figure

of remuneration table are therefore not

directly comparable with those in table 1a.

Where applicable, amounts have been

converted using the relevant average

exchange rates included in the notes to

table 1a.

In table 1b on page 142, we report the

remuneration of the Chair and the

Non-Executive Directors.

Shareholder voting

As required under UK legislation, the

new Policy was subject to a binding vote and

approved at our 2024 AGMs. The

Implementation report, together with

the annual statement by the People &

Remuneration Committee Chair, is subject to

an advisory vote each year as required by

UK legislation. Under Australian legislation,

the Remuneration report as a whole is

subject to an advisory vote. All remuneration-

related resolutions will be voted on at the

AGMs as Joint Decision Matters by Rio Tinto

plc and Rio Tinto Limited shareholders.

The differing approaches explained

As well as the difference in methodology

for measuring remuneration, there are key

differences in how remuneration is reported

in the UK and Australia.

UK

–For reporting purposes, remuneration is

divided into fixed and variable elements.

–We report remuneration in the currency it is

paid. For example, where a UK executive

is paid in pounds sterling, remuneration is

reported in pounds sterling.