Sean Hinton Appointed Chair of the Board of Directors of Oyu Tolgoi LLC

Sean Hinton Appointed Chair of the Board of Directors of Oyu Tolgoi LLC [Ulaanbaatar, Mongolia]: Oyu Tolgoi LLC has today announced the appointment of Sean Hinton as Chair of the Board of Directors effective 1 October 2024. He replaces Ambassador Batsukh Galsan who has decided to retire from the role after almost 15 years of exemplary leadership. Mr Hinton, a dual British-Australian citizen, has extensive experience living and working in Mongolia and brings a wealth of experience in international business and sustainable investments to the role. Chairman Batsukh said: “I believe that Oyu Tolgoi is now on an irreversible path to becoming not only a long-term partner in creating prosperity and social wealth for Mongolia as the country’s leading exporter, but also one of the greatest mining businesses in the world. With so much confidence in the future of Oyu Tolgoi, I have decided that the time is right for me to retire as Chairman of the Board of Directors. “Over its history, Oyu Tolgoi has overcome significant challenges and seen many moments of happy celebration as we reached great achievements and milestones. The credit for these accomplishments goes to all of the Oyu Tolgoi family, and I am deeply indebted to each and every one of my colleagues.” Deirdré Lingenfelder, CEO of Oyu Tolgoi, stated: “Ambassador Batsukh’s contributions to Oyu Tolgoi, both as Chairman of the Board and in his broader roles, are truly unparalleled. His wisdom, vision, and leadership have left an indelible mark on every member of the Oyu Tolgoi family over the years. He will forever remain a key figure in our company’s history. "I am also pleased by the appointment of Sean Hinton as our new Chair. Sean has a deep connection to Mongolia having first moved here in 1988 to study at the National University of Mongolia. Throughout his career, he has dedicated significant time to building businesses, institutions and international partnerships while also fostering strong personal relationships within the country. "Sean is the ideal leader to guide the Oyu Tolgoi Board of Directors in the years ahead, as we continue to pursue sustainable growth and success for our shareholders and stakeholders.” Sean Hinton, incoming Chair of the OT Board of Directors said, “It is a great honour to succeed Ambassador Batsukh as Chair of the OT Board of Directors. I am humbled and immensely proud to be entrusted with this responsibility, and I look forward to leading the Board of Directors as we continue to build upon the tremendous foundations laid to date.” “Oyu Tolgoi has built a reputation for excellence around the world, and it is taking its place on the world’s stage as one of the most significant and complex copper mining developments. I am enormously excited to play my part over the coming years helping to realise that potential. My priority will be upholding the highest standards of governance at Oyu Tolgoi and focusing on strong business, environmental and social performance that contributes meaningfully to Mongolia – a country which has played a big part in my life.” Notes for Editors: Sean Hinton is dual British-Australian citizen and brings a wealth of global business experience having spent more than thirty years working across international business, impact investment, management consultancy and philanthropy. After roles with McKinsey and Company, as well as leadership positions in the media industry, he has spent much of his subsequent career focused upon impact and responsible investment as well as inclusive economic growth with a specific focus upon emerging markets. Mr Hinton first arrived in Mongolia in December 1988, as part of a British Council programme that saw him study Mongolian at the National University of Mongolia. In the early 1990s, he lived with nomads in Khovd, in western Mongolia, conducting academic research on Mongolia’s unique urtiin duu folk music tradition. Throughout the 1990s, Mr Hinton spent significant periods of time in Mongolia, arranging one of the first international youth service programmes with a British charity – Raleigh International. Through this work, medical services and other community service programmes, were brought to remote communities. Mr Hinton founded Nomads Travel – one of Mongolia’s first foreign owned businesses. After leaving Mongolia, he continued to support relationships between Mongolia and the rest of the world, including being appointed as Honorary Consul-General for Mongolia in Australia in 1997. Mr Hinton returned to Mongolia in 2008, working with Goldman Sachs to support foreign direct investment. He also worked as an advisor to RT supporting OT extensively during its early years leading “Project Positive Impact” which focused on regional economic development and local capacity building. Alongside multiple roles focused upon impact investing and sustainable finance, between 2015 and 2022, Mr Hinton led the Soros Economic Development Fund of the Open Society Foundations and advised other global philanthropies on the establishment of impact investment funds. Mr. Hinton’s current and recent Board roles include Nature Finance and the Natural Resource Governance Institute. About Oyu Tolgoi LLC (www.ot.mn) Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, is a strategic partnership between the Government of Mongolia and Rio Tinto. Located in the South Gobi, Oyu Tolgoi commenced shipment of product to customers in July 2013. Oyu Tolgoi is managed by Rio Tinto, which is investing global expertise and cutting-edge technology to help develop Mongolia’s mining industry and ensure Oyu Tolgoi is one of the world’s most advanced mines. For Oyu Tolgoi, nothing matters more than safety. The business operates under the principle that if a job cannot be done safely, it will not be done at all.