Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 251

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 251
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 as well as within the mining sector, and rewards executives for returns over the long term that outperform both the broader market and the mining sector.

| Index                    | Threshold(22.5% of maximum) | Maximum(100% of maximum) | Actual TSRoutperformance | Weighting | Vestingoutcome |
| S&P Global Mining Index1 | Equal to Index              | Index + 6% p.a.          | Index + 0.2% p.a.        | 50%       | 25.5%          |
| MSCI World Index         | Equal to Index              | Index + 6% p.a.          | Index - 0.2% p.a.        | 50%       | 0%             |

1. The EMIX Global Mining Index was decommissioned on 31 July 2023 and therefore it was necessary to identify a replacement index for the remainder of the performance period. The Committee considered a range of alternative indices and determined that S&P’s replacement index (the S&P Global Mining Index) was the most suitable, given the overlap in constituents and close correlation in performance. TSR performance was calculated by our independent remuneration consultants tracking the EMIX Global Mining Index to 31 July 2023 and the S&P Global Mining Index thereafter. This methodology will apply to all relevant outstanding PSA.

| Executive Director | Yearincludedin single figure | Award    | Overallvesting % | Dividendequivalents | Dividendequivalents(% of sharesvesting) | Shares(includingdividendequivalents) | Shareprice | PSA outcome(£’000)1 |
| Jakob Stausholm    |                         2024 | 2020 PSA | 12.75%           |               3,926 | 41%                                     |                               13,451 | £49.67     | £668                |
| Peter Cunningham   |                         2024 | 2020 PSA | 12.75%           |                 389 | 41%                                     |                                1,335 | £49.67     | £66                 |

1. The PSA outcome is an estimate based on the average share price over the last quarter of 2024. For reference, the 2019 PSA vested at 94.1% on 22 February 2024 with Rio Tinto plc and Rio Tinto Limited share prices of £51.51 and A$125.80 respectively (closing share price on the day