Settlement with the Australian Securities and Investment Commission

MELBOURNE, Australia, March 07, 2022–(BUSINESS WIRE)–Rio Tinto has reached an agreement with the Australian Securities and Investment Commission (ASIC) regarding the disclosure of the impairment of Rio Tinto Coal Mozambique (RTCM), which was reflected in Rio’s 2012 year-end accounts Tinto.

Under the court-approved settlement, Rio Tinto will pay a fine of A$750,000 for a single breach of its continuous disclosure obligations during the period from December 21, 2012 to January 17, 2013, immediately preceding the announcement. depreciation. Under this court-approved settlement between ASIC and Rio Tinto, there were no findings of fraud or systemic or widespread failure by Rio Tinto.

The case against Tom Albanese and Guy Elliott was dismissed entirely.

Rio Tinto settled with the UK’s Financial Conduct Authority (FCA) in 2017 over the same RTCM impairment. A US court has also dismissed a related US securities class action lawsuit.

Rio Tinto welcomes the closing of the ASIC deal on appropriate and reasonable terms. The resolution of this case, however, does not impact the proceedings of the Securities and Exchange Commission. Rio Tinto will continue to vigorously defend itself against the SEC allegations.

RTCM was acquired in 2011 and sold in 2014.

This announcement is authorized for market distribution by Steve Allen, Corporate Secretary of the Rio Tinto Group.

riotinto.com

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220306005054/en/

contacts

Please direct all inquiries to media[email protected]

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David Outwaite
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Investor Relations, UK
Menno Sanderse
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DPassionate Ovington
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Claire Peever
+44 7788 967 877

Investor Relations, Australia
Amar Jambaa
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Rio Tinto plc
6 Place Saint-Jacques
London SW1Y 4AD
UK

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
NBA 96 004 458 404

Category: General

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