Fortescue Metals : ASX Release - Notice of Annual General Meeting

Dear valued Shareholders,

It is my pleasure to invite you to Fortescue's 2023 Annual General Meeting (AGM or Meeting) on Tuesday, 21 November at 10.00am (AWST) in the Astral Ballroom at Crown Perth, Great Eastern Highway, Burswood, Western Australia. Attached is the Notice of Meeting that sets out the business of the AGM.

Since our founding 20 years ago, Fortescue has become one of the world's largest producers of iron ore, valued at more than A$60 billion. Since 2013, you, our loyal shareholders, have received over A$32 billion in dividends.

It was 15 years ago that we began full-scale operations before reaching our first billion tonnes of iron ore shipped in 2018. Remarkably, in September we celebrated our two billionth tonne of iron ore shipped.

Fortescue is leading the world through our unique decarbonisation and green energy strategy, and through our expansion into new, global iron ore markets. As we work toward our goal of becoming the number 1 integrated green technology, energy and metals company, we are relentlessly working to eliminate emissions across our business, while continuing to deliver record results for our shareholders.

The following pages contain details on the items of business to be conducted at the AGM and voting procedures.

Voting on the resolutions at the AGM is important, and if you are not able to attend in person, I strongly urge you to exercise your voting rights either by completing and returning the proxy form or by lodging it online at www.linkmarketservices.com.au and following the directions in the Notice of Meeting and on the proxy form.

On behalf of the Board and Fortescue's Leadership team, I want to thank the entire Fortescue family for their courage, determination, integrity and commitment to our great company.

Your Directors and Management team look forward to seeing you at the AGM.

Yours sincerely,

Dr Andrew Forrest AO

Executive Chairman

Fortescue

TUESDAY, 21 NOVEMBER 2023

10.00 AM (AWST)

ASTRAL BALLROOM

AT CROWN PERTH, GREAT EASTERN HIGHWAY, BURSWOOD, WESTERN AUSTRALIA

Notice is hereby given that the Annual General Meeting of Fortescue Metals Group Ltd (ABN 57 002 594 872) (the Company or Fortescue) will be held in the Astral Ballroom at Crown Perth, Great Eastern Highway, Burswood, Western Australia on Tuesday, 21 November 2023 at 10.00am (AWST).

If you are unable to attend the Meeting in person, you are encouraged to complete and return the proxy form that has been sent to you. The completed proxy form must be received at the office of Fortescue's share registry, Link Market Services Limited, by no later than 10.00am (AWST) on Sunday 19 November 2023. Details of how to submit your proxy form are listed below.

All Shareholders who attend the Meeting in person will have a reasonable opportunity to ask questions, including an opportunity to ask questions of the Company's external auditors. To ensure that as many Shareholders as possible have the opportunity to ask questions, it is requested that Shareholders observe the following:

• All Shareholder questions should be stated clearly and should be relevant to the business of the Meeting, including matters arising from the financial report, the reports of the Directors (including the Remuneration Report) and the report of the auditors of the Company and its controlled entities for the year ended 30 June 2023 as well as general questions about the performance, business or management of the Company.
• If a Shareholder has more than one question on an item of business, all questions should be asked at the one time.
• Shareholders should not ask questions at the Meeting relating to any matters that are personal to the Shareholder or commercial in confidence.

Date for determining voting eligibility

The Directors have determined that for the purposes of Regulation 7.11.37 of the Corporations Regulations 2001 (Cth), the persons eligible to vote at the Meeting will be those persons who are registered Shareholders at

10.00am (AWST) on Sunday, 19 November 2023. Accordingly, transfers of shares registered after that time will be disregarded in determining entitlements to attend and vote at the Meeting.

All Resolutions will be by poll

In accordance with section 250JA of the Corporations Act 2001 (Cth), each resolution considered at the Meeting will be conducted by a poll, rather than on a show of hands.

Voting by proxy

Each Shareholder who is entitled to attend and vote at the Meeting is entitled to appoint a proxy to attend, speak and vote at the Meeting on that Shareholder's behalf. The proxy does not need to be a Shareholder.

A Shareholder who is entitled to cast two or more votes at the Meeting may appoint two proxies and may specify the proportion of votes each proxy is to exercise. If no proportion is specified, each proxy may exercise half of the Shareholder's votes.

A Shareholder can direct its proxy to vote for, against or abstain from voting on each resolution by marking the appropriate box in the Voting Directions section of the proxy form. If a Shareholder has specified how a proxy is to vote on a resolution, the proxy must cast all votes as directed.

If a Shareholder has specified how a proxy is to vote on a resolution, but the proxy does not attend the Meeting or does not vote on that resolution, the directed proxies that are not exercised will automatically default to the Chairman, who will vote the proxies as directed.

Chairman acting as proxy

If the Chairman is to act as your proxy in relation to Resolution 1 (Adoption of Remuneration Report) (whether by appointment or by default) and you have not given directions on how to vote by marking the appropriate box in the Voting Directions section of the proxy form, then you will be expressly directing and authorising the Chairman to exercise your proxy and cast your vote 'for' Resolution 1, even though that resolution is connected, directly or indirectly, with the remuneration of the Company's key management

personnel (KMP) (including the Directors). This express authorisation is included because without it the Chairman would be precluded from casting your votes on the basis that Resolution 1 is connected with the remuneration of the KMP.

Subject to the above requirements being met, the Chairman intends to vote all undirected proxies in respect of Resolutions 1 to 6 in favour of the relevant Resolution. If you are in any doubt as to how to vote, you should consult your professional adviser.

Submitting your proxy form prior to the Meeting

The proxy form that has been sent to Shareholders must be completed and received at the office of Link Market Services Limited, as detailed below, by 10.00am (AWST) on Sunday, 19 November 2023.

Mail:

Fortescue Metals Group Ltd

C/- Link Market Services Limited

Locked Bag A14

SYDNEY SOUTH NSW 1235

Delivery:

Fortescue Metals Group Ltd

C/- Link Market Services Limited*

Parramatta Square

Level 22, Tower 6

10 Darcy Street

Parramatta NSW 2150

*during business hours Monday to Friday (9.00am - 5.00pm) and subject to any public health orders and restrictions

Facsimile:

1. 9287 0309 (from Australia)
   +61 2 9287 0309 (from overseas)

Online: www.linkmarketservices.com.au

Select 'Shareholders Login' and in the 'Single Holding Login' section enter Fortescue Metals Group Ltd or the ASX code (FMG) in the Issuer name field, your Holder Identification Number (HIN) or Security Reference Number (SRN) (which is shown on the front of your proxy form or on your holding statement), postcode, complete the security process, tick the terms and conditions agreement and click 'Login'. You can also login via your portfolio.

Select the 'Voting' tab and then follow the prompts. You can also ask questions using the 'Ask a question' link below the voting link once you select the 'Voting' tab.

Your proxy form will be deemed to have been signed if it is lodged in accordance with the instructions given on the website.

Corporate representatives

Any corporate Shareholder wishing to appoint a person to act as its representative at the Meeting may do so by providing that person with:

• A letter or certificate executed in accordance with the Corporations Act 2001 (Cth) authorising that person to act as the corporate Shareholder's representative at the Meeting; or
• A copy of the resolution appointing that person as the corporate Shareholder's representative at the Meeting, certified by a secretary or director of the corporate Shareholder.

Alternatively, Shareholders can download and fill out the 'Appointment of Corporate Representation' form from Link Market Services Limited's website - www.linkmarketservices.com.au. Hover over 'Resources' and click on 'Forms' and then select 'Holding Management'.

Meeting documents

Recent legislative changes to the Corporations Act 2001 (Cth) mean there are new options available to Shareholders as to how you receive communications from Fortescue.

Fortescue will no longer be sending physical meeting documents unless you request a copy to be posted.

Fortescue encourages all shareholders to provide an email address so we can communicate with you electronically when shareholder notices become available online, for items such as meeting documents and annual reports.

Shareholders can still elect to receive some or all of their communications in physical or electronic form, or elect not to receive certain documents such as annual reports. To review your communications preferences, or sign up to receive your shareholder communications via email, please update your details at www.linkmarketservices.com.au then click on Investor Login and complete your holder details.

If you are a shareholder and would like a physical copy of a communication, need further information about the options available to you or have questions about your holding, visit www.linkmarketservices.com.au or contact the Registry:

Link Market Services Limited

Locked Bag A14

SYDNEY SOUTH NSW 1235

Telephone (within Australia): 1300 733 136

Telephone (outside Australia): 1300 733 136

Email: registrars@linkmarketservices.com.au

Website: www.linkmarketservices.com.au

CONDUCT OF THE MEETING

Fortescue is committed to ensuring that its general meetings are conducted in a manner which provides those Shareholders (or their proxy holders) who participate in the meeting with the opportunity to participate in the business of the meeting in an orderly fashion and to ask questions about and comment on matters relevant to the business of the meeting or about the Fortescue Group generally.

Fortescue will not allow conduct at any general meeting, which is discourteous to those who are participating in the meeting, or which in any way disrupts or interferes with the proper conduct of the meeting. The Chairman will exercise his powers to ensure that the Meeting is conducted in an orderly and timely fashion, in the interests of Shareholders who are participating in the Meeting.

KEY DATES

Deadline for lodgement of proxy forms 10.00am (AWST) on Sunday, 19 November 2023

Determination of voting eligibility

10.00am (AWST) on Sunday, 19 November 2023

Annual General Meeting

10.00am (AWST) on Tuesday, 21 November 2023

QUERIES

If you have any queries regarding the matters contained in the Meeting documents, please call Company Secretary, Cameron Wilson on

+61 8 6218 8888.