Board of Directors

01 | Willy Strothotte, aged 61, is Chairman of Glencore International. From 1961 to 1978 Mr. Strothotte held various positions with responsibility for international trading in metals and minerals in Germany, Belgium and the USA. In 1978, Mr. Strothotte joined Glencore International, taking up the position of Head of Metals and Minerals in 1984. Mr. Strothotte was appointed Chief Executive Officer of Glencore in 1993 and held the combined positions of Chairman and Chief Executive Officer from 1994 until 2001, when the roles of Chairman and Chief Executive were split. Mr. Strothotte has been Chairman of Xstrata AG since 1994, and Chairman of Xstrata since February 2002, and is currently a director of Century Aluminium Corporation and Minara Resources Limited.

02 | Mick Davis, aged 48, is the Chief Executive of Xstrata. Mr Davis was appointed as Chief Executive of Xstrata AG in October 2001, and was appointed to the Board of Xstrata in February 2002. Previously, Mr. Davis was Chief Financial Officer and an Executive Director of Billiton Plc, appointed in July 1997, and served as Executive Chairman of Ingwe Coal Corporation Limited from 1995. He joined Gencor Limited in early 1994 from Eskom, the South African electricity utility, where he was an Executive Director.

03 | David Rough, aged 55, was a Director of Legal & General Group Plc before retiring from Legal & General in June 2002. As Group Director (Investments), Mr. Rough headed all aspects of fund management within Legal & General Investments. Mr. Rough is currently a director of BBA Group plc, Emap plc, Land Securities plc, Brown, Shipley & Co Ltd and Mithras Investment Trust plc. Mr. Rough was appointed to the Board of Xstrata in April 2002, is Deputy Chairman, the Senior Independent Director and Chairman of the Nominations Committee.

04 | Ivan Glasenberg, aged 49, is Chief Executive Officer of Glencore International, which he joined in 1984. Mr. Glasenberg was appointed to the Board of Xstrata in February 2002. He worked in the coal department of Glencore in South Africa for three years and in Australia for two years. From 1989 to 1990, he managed Glencore International's Hong Kong and Beijing offices. In 1991 he became Head of the Coal Department and in 2002 Chief Executive Officer of Glencore International. He is also currently a Director of Minara Resources Limited.

05 | Paul Hazen, aged 64, joined the Board of Xstrata AG in May 2000, and was appointed a Director of Xstrata in February 2002. Mr. Hazen is a former Chairman and CEO of Wells Fargo and Company. Mr. Hazen retired in April 2001 as Chairman after a 30-year career with the bank. Mr. Hazen is currently Chairman of Accel-KKR and of KKR Financial Corp. He also serves as Deputy Chairman and Lead Independent Director of Vodafone Group Plc, Lead Independent Director of Safeway, Inc., and a Director of Willis Group Holdings Ltd.

06 | David Issroff, aged 40, joined the Board of Xstrata AG in May 2000, and was appointed to the Board of Xstrata in February 2002. Mr. Issroff joined Glencore South Africa in 1989. In 1992, he transferred to Glencore's head office in Switzerland with responsibility for the marketing of ferroalloys. In 1997, he was appointed Head of the Ferroalloys Division at Glencore International.

07 | Robert MacDonnell, aged 68, joined the Board of Xstrata AG in May 1997, and was appointed to the Board of Xstrata in February 2002. Prior to joining Kohlberg Kravis Roberts & Co. in 1976, Mr. MacDonnell was a Management Consultant at Arthur Andersen & Co. He subsequently formed his own firm, which specialised in small management buyouts. Mr. MacDonnell became the first non-founding partner of KKR in 1982 and participated in virtually all investment decisions until the firm expanded in the late 1980s. Mr. MacDonnell is also currently a Director of Safeway, Inc. and US Natural Resources, Inc.

08 | Trevor Reid, aged 45, is the Chief Financial Officer of Xstrata. Mr Reid joined Xstrata AG in January 2002, and was appointed to the Board of Xstrata in February 2002. Prior to joining Xstrata, he was Global Head of Resource Banking at the Standard Bank Group. He joined the Standard Bank Group in 1997 from Warrior International Limited, a corporate finance boutique specialising in the minerals sector.

09 | Sir Steve Robson CB, aged 62, retired as Second Permanent Secretary at HM Treasury in January 2001. He had joined HM Treasury after leaving university. His early career included a period as Private Secretary to the Chancellor of the Exchequer and a two-year secondment to Investors in Industry plc (3i). From 1997 until his retirement, his responsibilities included the legal framework for regulation of the UK financial services industry, public private partnerships, procurement policy including the private finance initiative and the Treasury's enterprises and growth unit. Sir Steve is a Director of JPMorgan Cazenove Holdings, Partnerships UK plc and The Royal Bank of Scotland Group plc. Sir Steve was appointed to the Board of Xstrata in February 2002 and is Chairman of the Audit Committee.

10 | Dr. Frederik Roux, aged 58, joined Johannesburg Consolidated Investment Company Limited in 1976, where he held positions in the Finance, Base Metals, Gold and Platinum divisions. In 1990, he joined Gencor Limited where he became Chairman of Alusaf and Executive Director responsible for Gencor Base Metals and Heavy Minerals. Since 1997, he has pursued private business interests in game ranching and safaris in South Africa. Dr Roux is also Chairman of Impala Platinum Holdings Limited. Dr Roux was appointed to the Board of Xstrata in February 2002.

11 | Ian Strachan, aged 62, is also a Director of Reuters Group plc, Johnson Matthey plc, Rolls Royce plc and Transocean Inc. Mr. Strachan was Chairman of Instinet Group from 2003 to 2005, Deputy Chairman of Invensys plc from 1999 to 2000, and he was Chief Executive of BTR plc from 1996 to 1999. Mr. Strachan joined Rio Tinto plc (formerly RTZ plc) as CFO in 1987, and was Deputy Chief Executive from 1991 to 1995. Mr. Strachan was appointed to the Board of Xstrata at the Annual General Meeting held in May 2003 and is the Chairman of the Health, Safety, Environment and Community Committee.

12 | Santiago Zaldumbide, aged 63, is an Executive Director of Xstrata, Chief Executive of Xstrata Zinc and Executive Chairman of Asturiana de Zinc. Mr Zaldumbide was appointed to the Board of Xstrata in February 2002. He is a previous Chief Executive Officer and Director of Union Explosivos Rio Tinto and of Petroleos del Norte. In 1990, Petroleos del Norte became part of the Repsol Oil Group where Mr. Zaldumbide was responsible for establishing the international structure of the enlarged Repsol Oil Group. In 1994 he was appointed Chief Executive Officer of the Corporación Industrial de Banesto and in December 1997 Chairman and Chief Executive Officer of Asturiana de Zinc. Mr. Zaldumbide is also a Director of Carburos Metálicos SA, and ThyssenKrupp SA.

Executive Management

Executive Committee

Mick Davis

Chief Executive

Trevor Reid

Chief Financial Officer

Santiago Zaldumbide

Chief Executive Xstrata Zinc

Peter Coates

Chief Executive Xstrata Coal

Marc Gonsalves

Executive General Manager Corporate Affairs

Peet Nienaber

Chief Executive Xstrata Alloys

Charlie Sartain

Chief Executive Xstrata Copper

Executive Management
Xstrata Alloys

Bill Barrett

Managing Director, Vanadium

Deon Dreyer

Managing Director, Chrome

Deon du Preez

Executive Director, Sustainable Development

Eric Ratshikhopha

Executive Director, Corporate Development

Shaun Usmar

Chief Financial Officer

Xstrata Coal

Garry Beck

General Manager Marketing, Pacific

Mick Buffier

Chief Operating Officer, New South Wales

Ian Cribb

Chief Operating Officer, Queensland

Mark Eames

General Manager, Commercial

Peter Freyberg

Chief Operating Officer, South Africa

Jeff Gerard

General Manager Business Strategy

Murray Houston

General Manager Marketing, Atlantic

Phil Jones

General Manager Human Resources

Peter McKenna

General Manager Engineering and Development

Earl Melamed

Chief Financial Officer

Reinhold Schmidt

New Business

Colin Whyte

General Manager Sustainable Development

Xstrata Copper

Jon Evans

General Manager Minera Alumbrera

Peter Forrestal

General Manager Project Development

Barry Grant

Chief Operating Officer North Queensland Copper

Louis Irvine

Chief Financial Officer

Neal O'Connor

General Counsel

Alberto Olivero

General Manager Human Resources

Xstrata Zinc

Iñigo Abarca

Chief Legal Counsel

Manuel Alvarez

General Manager Assistant to the Chief Executive

Jaime Arias

General Manager Spanish Operations

Brian Hearne

General Manager McArthur River Mining

Kevin Hendry

General Manager Mount Isa Zinc Lead Operations

Juan León

Chief Financial Officer

Rainer Menge

General Manager German Operations

Emilio Tamargo

General Manager Business Development & Research

Neil Wardle

General Manager Britannia Refined Metals

Fred White

General Manager Metallurgic Processing Mount Isa Zinc Lead Operations

Corporate

Brian Azzopardi

Group Controller

Richard Elliston

Company Secretary

Glenn Field

Head of Internal Audit and Risk

Paul Jones

General Manager Health, Safety and Environment

Andrew Latham

General Manager Corporate Development

Benny Levene

Chief Legal Counsel

Thras Moraitis

General Manager Group Strategy and Development

Ian Wall

Group Treasurer

Jason Wilkins

Head of IT