Market Update

20 January 2022

Incitec Pivot Limited

ABN 42 004 080 264

ASX Code: IPL OTC: INCZY

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ACKNOWLEDGEMENT

OF COUNTRY

"I begin today by acknowledging the

Traditional Custodians of the land on which we meet today and pay my respects to their Elders past and present. I extend that respect to Aboriginal and Torres Strait Islander peoples here today."

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Disclaimer

This presentation has been prepared by Incitec Pivot Limited ("IPL"). The information contained in this presentation is for information

purposes only. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of IPL, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of the information contained in this presentation.

In particular, no representation or warranty, express or implied, is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns ("forward-looking statements") contained in this presentation nor is any obligation assumed to update such information. Such forward-looking statements are based on information and assumptions known to date and are by their nature subject to significant uncertainties and contingencies. Actual results, performance or achievements could be significantly different from those expressed in, or implied by, this presentation. Forward-looking statements are not guarantees of future performance.

Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance.

Incitec Pivot Limited

ABN 42 004 080 264

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Market Update

January 2022

Delivering on our Strategy

Safety: Industry leadership in safety

Sustainability: Progressing our projects to meet our emissions targets & creating new commercial opportunities in line with decarbonisation

DYNO: Growth through leading technology solutions for our customers in existing and new footprints

IPF: Strengthen base business and build soil health services for farmers, while capturing strong commodity markets

Manufacturing: High quality assets close to our customers in attractive markets & sectors

Two strong businesses well positioned for the future

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Incitec Pivot Limited published this content on 20 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 23:05:03 UTC.