Annual Report - Fortescue Metals Group

1 APPENDIX 4 EFor the year ended 30 June 2020 Name of entityFortescue Metals Group LtdABN57 002 594 872 Results for announcement to the market US$ millionRevenue from ordinary activities Up 29% to 12,820 Profit from ordinary activities after tax attributable to members Up 49% to 4,735 Net profit attributable to members Up 49% to 4,735 Amount Franked amount Dividends per security per securityFinancial year ended 30 June 2020: Interim ordinary A$ A$ ordinary A$ A$ Total dividends A$ A$ Previous corresponding period.

2 Interim ordinary and special A$ A$ ordinary and accelerated A$ A$ dividends A$ A$ Ex- dividend date of final dividend 31 August 2020 Record date of final dividend 1 September 2020 Payment date of final dividend 2 October 2020 This information should be read in conjunction with Fortescue s Annual Report , for the year ended 30 June tangible asset backingNet tangible asset backing per ordinary shares: US$ (previous corresponding period: US$ ). Previous corresponding periodThe previous corresponding period is the 12 months ended 30 June Report is based on financial statements which have been on results for the periodA commentary on the results for the period is contained within the Annual Report , including the Financial Report that accompany this Reinvestment PlanThe Company operates a dividend Reinvestment Plan (the Plan)

3 Which allows eligible shareholders to elect to invest dividends in ordinary shares which rank equally with the ordinary shares of the Company. The allocation of price for shares under the Plan will be calculated as the average of the daily volume weighted average market price of all Fortescue shares traded on the Australian Securities Exchange during the period of ten trading days commencing on 3 September last date for receipt of applications to participate in or to cease or vary participation in the Plan is by 5:00pm (WST) on 2 September 2020.

4 The Directors have determined that no discount shall apply to the allocation price and the Plan will not be underwritten. Shares to be allocated under the Plan will be acquired on market and transferred to participants on 1 October 2020. A broker will be engaged to assist in this copy of the Plan Rules is available at ReportFY20 ABN 57 002 594 872 Global force | Thriving communitiesContents01 Overview 0102 Operating and financial review 2203 Ore Reserves and Mineral Resources 4104 Our approach to sustainability5005 Corporate Governance 5506 Our approach to climate change 5807 Financial Report 6308 Remuneration Report 11709 Corporate Directory 155 FrugalityHumilityEnthusiasmStretch targetsIntegrityGenerating

5 IdeasSafetyEmpowermentFamilyCourage and determinationOur ValuesOur Culture We are a values-based business with a strong, differentiated culture. We believe that by leveraging the unique culture of our greatest asset, our people, we will achieve our stretch Purpose Global force | Thriving Recordable Injury Frequency RateYear at a glance2020US$4 . 9 bnTotal global economic contributionA$1 7. 2 bnCash on $C1 $Net Profit After mtShipped4 Fortescue Metals Group Ltd Annual Report FY20 Overview | Operating and financial reviewOverview01 Overview01 Fortescue Metals Group Ltd Annual Report FY20 5 Ore Reserves and Mineral ResourcesOur approach to sustainabilityCorporate GovernanceOur approach to climate changeFinancial ReportRemuneration ReportCorporate DirectoryOverview | Operating and financial reviewChairman's messageFrom Argentina to Port Hedland, the feedback is consistent.

6 Members of the Fortescue Family revere the privilege of their careers and love working with each other. It is this rare mix that achieves what others dismiss as unrealistic or too hard. Our culture engenders the high performance that is now part of Fortescue s DNA, as we lead the world in our exploration, development, project execution and operational the last twelve months, we have completed our journey to develop a vertically integrated supply chain, all the way from exploration to the world s steel industries. Fortescue s assets and infrastructure rival the best in the world, and, along with our strongly innovative and collegiate culture, ensure that we will not only solve the new challenges the world is throwing at us, but also become a better and stronger company because of are now entering a period in which our world is changing at a pace that is unprecedented in global history.

7 Against this backdrop, it is High capital and high yield growth it is incredibly rare for a company, let alone one operating in the resources sector, to occupy both spaces. The fact that Fortescue has successfully done so is thanks to the values we hold as a family globally our character, determination, humility, innovation, enthusiasm, frugality and commitment. Dr Andrew Forrest AOvery clear that artificial intelligence, including autonomy, will undoubtedly be one of the greatest industrial revolutions in history. Fortescue is leading by example and our Board and leadership understands the deep challenges and opportunities, for Fortescue and for humanity, that these technologies bring.

8 This year, we welcomed Dr Ya-Qin Zhang to our Board. Dr Zhang s knowledge and experience in the areas of autonomy, technology and innovation will be highly valuable as we successfully navigate this time of rapid technology advancement. Ms Sharon Warburton retired, serving through a high growth and challenging period for Fortescue . We thank Sharon for her service and contribution. Our Board brings a diversity of thought, experience and expertise to the table that drives our business to set and deliver the challenging stretch targets that define us.

9 Together, we oversee a company that directly and indirectly employs 14,000 people, that is part of the essential fabric of Western Australia and which is a strong contributor to the economies of our state and our nation. Fortescue is committed to community and environmental responsibility including contributing to local prosperity, social equality, and carbon neutrality. We believe carbon neutrality must be achieved as soon as possible and we are aggressively investing in practical initiatives that reduce or eliminate emissions, such as solar, wind and hydrogen we focus on the future, we will never lose sight of where we have come from and the friendships we have built along the way.

10 Fortescue continues to have strong relationships, with our customers in Asia. We work tirelessly with our partner countries to keep standards high. From developing technologies, to the blue economy and the transitioning energy sector, our connections allow us to share ideas, perspectives and knowledge and underpin Fortescue s Fortescue Metals Group Ltd Annual Report FY20 Overview | Operating and financial reviewThe success of our company is in delivering enhanced returns to our shareholders. We are in this privileged position thanks to the Fortescue Family.