Rio Tinto Prices EUR Cash Tender Offer

Rio Tinto has today priced its EUR cash tender offer under its plan announced on 20 March 2018 to reduce gross debt.

On 20 March 2018, Rio Tinto Finance plc made an invitation to holders of its €750,000,000 2.000 per cent. Instruments due 11 May 2020 (the “2020 Notes”) and its €500,000,000 2.875 per cent. Instruments due 11 December 2024 (the “2024 Notes” and together with the 2020 Notes, the “Notes”), each guaranteed by Rio Tinto plc and Rio Tinto Limited, to offer to sell up to approximately $850 million equivalent in aggregate principal amount of such Notes for cash (the “Tender Offer”).

The terms and conditions of the Tender Offer are described in the tender offer memorandum dated 20 March 2018 (the “Tender Offer Memorandum”). Capitalised terms not otherwise defined in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum.

The Company has accepted for purchase €431,640,000 in aggregate principal amount of Notes in accordance with the terms and conditions of the Tender Offer Memorandum.

The Company has accepted for purchase all 2020 Notes and all 2024 Notes validly tendered.

The Tender Offer Price payable in connection with the Tender Offer has been set at €1,046.74 for the 2020 Notes and €1,152.03 for the 2024 Notes, in each case per €1,000 principal amount of Notes, and in each case payable on the Settlement Date together with Accrued Interest.


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