<SEC-DOCUMENT>0001104659-25-022649.txt : 20250312
<SEC-HEADER>0001104659-25-022649.hdr.sgml : 20250312
<ACCEPTANCE-DATETIME>20250311191644
ACCESSION NUMBER:		0001104659-25-022649
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250312
DATE AS OF CHANGE:		20250311

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RIO TINTO PLC
		CENTRAL INDEX KEY:			0000863064
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-271670
		FILM NUMBER:		25729492

	BUSINESS ADDRESS:	
		STREET 1:		6 ST JAMES'S SQUARE
		CITY:			LONDON, SW1Y 4AD
		STATE:			X0
		ZIP:			00000
		BUSINESS PHONE:		44 20 7781 1623

	MAIL ADDRESS:	
		STREET 1:		RIO TINTO SERVICES INC.
		STREET 2:		80 STATE STREET
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12207-2543

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RTZ CORPORATION PLC
		DATE OF NAME CHANGE:	19950522

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RIO TINTO PLC
		CENTRAL INDEX KEY:			0000863064
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		6 ST JAMES'S SQUARE
		CITY:			LONDON, SW1Y 4AD
		STATE:			X0
		ZIP:			00000
		BUSINESS PHONE:		44 20 7781 1623

	MAIL ADDRESS:	
		STREET 1:		RIO TINTO SERVICES INC.
		STREET 2:		80 STATE STREET
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12207-2543

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RTZ CORPORATION PLC
		DATE OF NAME CHANGE:	19950522
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm256940d4_fwp.htm
<DESCRIPTION>FWP
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font-size: 10pt; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>Filed pursuant to Rule&nbsp;433</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>Registration Statement No.&nbsp;333-271670</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>March 12, 2025</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio
Tinto Finance (USA) </FONT>plc</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm256940d4_fwpimg001.jpg" ALT=""></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Pricing Term Sheet</U></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">March 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Fixed Rate
    Notes</B></FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuer:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto Finance (USA)
    </FONT>plc</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantors:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto plc and Rio Tinto
    Limited</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Amount:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">$500,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">March 12, 2027</P></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Coupon:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.375% per annum</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Price to Public:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">99.864%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Underwriting Discount and
    Commissions:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">0.100%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yield to Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.447%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Spread to Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+50 bps</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.125% UST due February 28<FONT STYLE="font-family: Times New Roman, Times, Serif">,
    2027</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury Price
    and Yield:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">100-10 5/8, 3.947%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Payment Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Semi-annually on March
    12 and September 12 of each year, commencing on September 12, 20</FONT>25.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Record Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">The close of business on
    the fifteenth calendar day preceding each Interest Payment Date, whether or not such day is a Business Day.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Optional Redemption:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">A redemption price equal to the greater of (x) 100% of the principal amount of the
    notes to be redeemed and (y) as certified to the trustee by us or Rio Tinto, the sum of the present values of the remaining scheduled
    payments of principal and interest thereon discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting
    of twelve 30-day months) at the Treasury Rate plus a spread of  <FONT STYLE="font-family: Times New Roman, Times, Serif">10 basis
    points less interest accrued at the date of redemption.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Settlement:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+</FONT>3; March 14, 2025</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">76720A AQ9 / US76720AAQ94</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Expected Issue </FONT>Ratings<SUP>1</SUP>:</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">A1</FONT> (Moody&#8217;s)
    / A (S&amp;P) / A (Fitch)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    </FONT><FONT STYLE="font-size: 10pt">Book Running Managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BNP
    Paribas Securities Corp.</FONT><FONT STYLE="font-size: 10pt"><BR>
    BofA Securities,&nbsp;Inc.<BR>
    Citigroup Global Markets Inc.<BR>
    J.P. Morgan Securities LLC<BR>
    Mizuho Securities USA LLC<BR>
    RBC Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    Bookrunners: </FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia
    and New Zealand Banking Group Limited<BR>
    </FONT><FONT STYLE="font-size: 10pt">Bank of China Limited, London Branch<BR>
    China Construction Bank (Asia) Corporation Limited<BR>
    CIBC World Markets Corp.<BR>
    Credit Agricole Securities (USA) Inc.<BR>
    Deutsche Bank Securities Inc.<BR>
    HSBC Securities (USA) Inc.<BR>
    ICBC Standard Bank Plc<BR>
    Santander US Capital Markets LLC<BR>
    SG Americas Securities, LLC<BR>
    SMBC Nikko Securities Americas,&nbsp;Inc.<BR>
    TD Securities (USA) LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DBS Bank
    Ltd.<BR>
    nabSecurities, LLC<BR>
    Natixis Securities Americas LLC<BR>
    Scotia Capital (USA) Inc.<BR>
    Westpac Banking Corporation</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">It is expected
that delivery of the Notes will be made against payment therefor on or about March 14, 2025, which will be three business days (as such
term is used for purposes of Rule&nbsp;15c6-1 of the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;))
following the date hereof (such settlement cycle being referred to as &#8220;T+3&#8221;). Under Rule&nbsp;15c6-1 of the Exchange Act,
trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing will be required, by virtue of the fact that the
securities initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
Purchasers of the Notes who wish to make such trades should consult their own advisors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No PRIIPs/UK PRIIPs key information document has been prepared as
the Notes are not available to retail investors in the EEA and the United Kingdom. This communication is being distributed to, and is
directed only at, persons in the United Kingdom in circumstances where section 21(1)&nbsp;of the Financial Services and Markets Act 2000
does not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The issuer
has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer
has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the Securities and Exchange Commission&#8217;s website at www.sec.gov. Alternatively, the issuer,
any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling</FONT>
BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities,&nbsp;Inc. at 1-800-294-1322, Citigroup Global Markets Inc. toll-free
at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533, Mizuho Securities USA LLC at 1-866-271-7403 and RBC Capital Markets,
LLC at 1-866-375-6829.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication
being sent by Bloomberg or another email system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
                                            rating is not a recommendation to buy, sell or hold the securities, and may be subject to
                                            revision, suspension or withdrawal at any time by the assigning rating agencies.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio
Tinto Finance (USA) </FONT>plc</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm256940d4_fwpimg001.jpg" ALT=""></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Pricing Term Sheet</U></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">March 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Fixed Rate
    Notes</B></FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuer:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto Finance (USA)
    </FONT>plc</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantors:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto plc and Rio Tinto
    Limited</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Amount:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">$750,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">March 14, 2028</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Coupon:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.500% per annum</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Price to Public:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">99.731%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Underwriting Discount and
    Commissions:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">0.125%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yield to Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.597%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Spread to Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+65 bps</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.250% UST due February 15<FONT STYLE="font-family: Times New Roman, Times, Serif">,
    2028</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury Price
    and Yield:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">100-26+, 3.947%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Payment Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Semi-annually on March
    14 and September 14 of each year, commencing on September 14, 20</FONT>25.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Record Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">The close of business on
    the fifteenth calendar day preceding each Interest Payment Date, whether or not such day is a Business Day.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Optional Redemption:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">A <FONT STYLE="font-family: Times New Roman, Times, Serif">redemption price equal
    to (i)&nbsp;if such redemption occurs prior to February 14, 2028 (the &#8220;2028 Par Call Date&#8221;), the greater of (x)&nbsp;100%
    of the principal amount of the notes to be redeemed and (y)&nbsp;as certified to the trustee by us or Rio Tinto, the sum of the present
    values of the remaining scheduled payments of principal and interest thereon discounted to the date of redemption on a semi-annual
    basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus a spread of 10 basis points less interest
    accrued at the date of redemption or (ii)&nbsp;if such redemption occurs on or after the 2028 Par Call Date, 100% of the principal
    amount of the notes to be redeemed, together, in either case, with accrued interest on the principal amount of the notes to be redeemed
    to the date of redemption.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Settlement:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+</FONT>3; March 14, 2025</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">76720A AR7 / US76720AAR77</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Expected Issue </FONT>Ratings<SUP>1</SUP>:</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">A1</FONT> (Moody&#8217;s)
    / A (S&amp;P) / A (Fitch)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    </FONT><FONT STYLE="font-size: 10pt">Book Running Managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BNP
    Paribas Securities Corp.</FONT><FONT STYLE="font-size: 10pt"><BR>
    BofA Securities,&nbsp;Inc.<BR>
    Citigroup Global Markets Inc.<BR>
    J.P. Morgan Securities LLC<BR>
    Mizuho Securities USA LLC<BR>
    RBC Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    Bookrunners: </FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia
    and New Zealand Banking Group Limited<BR>
    </FONT><FONT STYLE="font-size: 10pt">Bank of China Limited, London Branch<BR>
    China Construction Bank (Asia) Corporation Limited<BR>
    CIBC World Markets Corp.<BR>
    Credit Agricole Securities (USA) Inc.<BR>
    Deutsche Bank Securities Inc.<BR>
    HSBC Securities (USA) Inc.<BR>
    ICBC Standard Bank Plc<BR>
    Santander US Capital Markets LLC<BR>
    SG Americas Securities, LLC<BR>
    SMBC Nikko Securities Americas,&nbsp;Inc.<BR>
    TD Securities (USA) LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DBS Bank
    Ltd.<BR>
    nabSecurities, LLC<BR>
    Natixis Securities Americas LLC<BR>
    Scotia Capital (USA) Inc.<BR>
    Westpac Banking Corporation</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">It is expected
that delivery of the Notes will be made against payment therefor on or about </FONT>March 14, 2025, which will be three business days
(as such term is used for purposes of Rule&nbsp;15c6-1 of the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;))
following the date hereof (such settlement cycle being referred to as &#8220;T+3&#8221;). Under Rule&nbsp;15c6-1 of the Exchange Act,
trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing will be required, by virtue of the fact that the
securities initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
Purchasers of the Notes who wish to make such trades should consult their own advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No PRIIPs/UK PRIIPs key information document has been prepared as
the Notes are not available to retail investors in the EEA and the United Kingdom. This communication is being distributed to, and is
directed only at, persons in the United Kingdom in circumstances where section 21(1)&nbsp;of the Financial Services and Markets Act 2000
does not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The issuer
has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer
has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the Securities and Exchange Commission&#8217;s website at www.sec.gov. Alternatively, the issuer,
any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling</FONT>
BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities,&nbsp;Inc. at 1-800-294-1322, Citigroup Global Markets Inc. toll-free
at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533, Mizuho Securities USA LLC at 1-866-271-7403 and RBC Capital Markets,
LLC at 1-866-375-6829.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication
being sent by Bloomberg or another email system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
                                            rating is not a recommendation to buy, sell or hold the securities, and may be subject to
                                            revision, suspension or withdrawal at any time by the assigning rating agencies.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio
Tinto Finance (USA) </FONT>plc</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm256940d4_fwpimg001.jpg" ALT=""></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Pricing Term Sheet</U></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">March 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Fixed Rate
    Notes</B></FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuer:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto Finance (USA)
    </FONT>plc</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantors:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto plc and Rio Tinto
    Limited</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Amount:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">$1,750,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">March 14, 2030</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Coupon:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.875% per annum</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Price to Public:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">99.982%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Underwriting Discount and
    Commissions:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.300%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yield to Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.879%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Spread to Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+85 bps</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.000% UST due February 28<FONT STYLE="font-family: Times New Roman, Times, Serif">,
    2030</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury Price
    and Yield:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">99-27 &frac34;, 4.029</FONT><FONT STYLE="font-family: Symbol; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Payment Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Semi-annually on March
    14 and September 14 of each year, commencing on September 14, 20</FONT>25.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Record Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">The close of business on
    the fifteenth calendar day preceding each Interest Payment Date, whether or not such day is a Business Day.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Optional Redemption:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">A redemption price equal to (i)&nbsp;if such redemption occurs prior to February
    14, 2030 (the &#8220;2030 Par Call Date&#8221;), the greater of (x)&nbsp;100% of the principal amount of the notes to be redeemed
    and (y)&nbsp;as certified to the trustee by us or Rio Tinto, the sum of the present values of the remaining scheduled payments of
    principal and interest thereon discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of
    twelve 30-day months) at the Treasury Rate plus a spread of 15 basis points less interest accrued at the date of redemption or (ii)&nbsp;if
    such redemption occurs on or after the 2030 Par Call Date, 100% of the principal amount of the notes to be redeemed, together, in
    either case, with accrued interest on the principal amount of the notes to be redeemed to the date of redemption.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Settlement:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+</FONT>3; March 14, 2025</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">76720A AS5 / US76720AAS50</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Expected Issue </FONT>Ratings<SUP>1</SUP>:</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">A1</FONT> (Moody&#8217;s)
    / A (S&amp;P) / A (Fitch)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    </FONT><FONT STYLE="font-size: 10pt">Book Running Managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BNP
    Paribas Securities Corp.</FONT><FONT STYLE="font-size: 10pt"><BR>
    BofA Securities,&nbsp;Inc.<BR>
    Citigroup Global Markets Inc.<BR>
    J.P. Morgan Securities LLC<BR>
    Mizuho Securities USA LLC<BR>
    RBC Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    Bookrunners: </FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia
    and New Zealand Banking Group Limited<BR>
    </FONT><FONT STYLE="font-size: 10pt">Bank of China Limited, London Branch<BR>
    China Construction Bank (Asia) Corporation Limited<BR>
    CIBC World Markets Corp.<BR>
    Credit Agricole Securities (USA) Inc.<BR>
    Deutsche Bank Securities Inc.<BR>
    HSBC Securities (USA) Inc.<BR>
    ICBC Standard Bank Plc<BR>
    Santander US Capital Markets LLC<BR>
    SG Americas Securities, LLC<BR>
    SMBC Nikko Securities Americas,&nbsp;Inc.<BR>
    TD Securities (USA) LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DBS Bank
    Ltd.<BR>
    nabSecurities, LLC<BR>
    Natixis Securities Americas LLC<BR>
    Scotia Capital (USA) Inc.<BR>
    Westpac Banking Corporation</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">It is expected
that delivery of the Notes will be made against payment therefor on or about March 14, 2025, which will be three business days (as such
term is used for purposes of Rule&nbsp;15c6-1 of the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;))
following the date hereof (such settlement cycle being referred to as &#8220;T+3&#8221;). Under Rule&nbsp;15c6-1 of the Exchange Act,
trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing will be required, by virtue of the fact that the
securities initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
Purchasers of the Notes who wish to make such trades should consult their own advisors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No PRIIPs/UK PRIIPs key information document has been prepared as
the Notes are not available to retail investors in the EEA and the United Kingdom. This communication is being distributed to, and is
directed only at, persons in the United Kingdom in circumstances where section 21(1)&nbsp;of the Financial Services and Markets Act 2000
does not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The issuer
has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer
has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the Securities and Exchange Commission&#8217;s website at www.sec.gov. Alternatively, the issuer,
any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling</FONT>
BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities,&nbsp;Inc. at 1-800-294-1322, Citigroup Global Markets Inc. toll-free
at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533, Mizuho Securities USA LLC at 1-866-271-7403 and RBC Capital Markets,
LLC at 1-866-375-6829.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication
being sent by Bloomberg or another email system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
                                            rating is not a recommendation to buy, sell or hold the securities, and may be subject to
                                            revision, suspension or withdrawal at any time by the assigning rating agencies.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio
Tinto Finance (USA) </FONT>plc</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm256940d4_fwpimg001.jpg" ALT=""></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Pricing Term Sheet</U></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">March 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Fixed Rate
    Notes</B></FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuer:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto Finance (USA)
    </FONT>plc</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantors:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto plc and Rio Tinto
    Limited</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Amount:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">$1,250,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">March 14, 2032</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Coupon:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">5.000% per annum</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Price to Public:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">99.383%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Underwriting Discount and
    Commissions:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.350%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yield to Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">5.106%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Spread to Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+95 bps</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.125% UST due February 29<FONT STYLE="font-family: Times New Roman, Times, Serif">,
    2032</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury Price
    and Yield:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">99-26, 4.156%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Payment Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Semi-annually on March
    14 and September 14 of each year, commencing on September 14, 20</FONT>25.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Record Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">The close of business on
    the fifteenth calendar day preceding each Interest Payment Date, whether or not such day is a Business Day.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Optional Redemption:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">A redemption price equal to (i)&nbsp;if such redemption occurs prior to January
    14, 2032 (the &#8220;2032 Par Call Date&#8221;), the greater of (x)&nbsp;100% of the principal amount of the notes to be redeemed
    and (y)&nbsp;as certified to the trustee by us or Rio Tinto, the sum of the present values of the remaining scheduled payments of
    principal and interest thereon discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of
    twelve 30-day months) at the Treasury Rate plus a spread of 15 basis points less interest accrued at the date of redemption or (ii)&nbsp;if
    such redemption occurs on or after the 2032 Par Call Date, 100% of the principal amount of the notes to be redeemed, together, in
    either case, with accrued interest on the principal amount of the notes to be redeemed to the date of redemption.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Settlement:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+</FONT>3; March 14, 2025</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">76720A AT3 / US76720AAT34</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Expected Issue </FONT>Ratings<SUP>1</SUP>:</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">A1</FONT> (Moody&#8217;s)
    / A (S&amp;P) / A (Fitch)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    </FONT><FONT STYLE="font-size: 10pt">Book Running Managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BNP
    Paribas Securities Corp.</FONT><FONT STYLE="font-size: 10pt"><BR>
    BofA Securities,&nbsp;Inc.<BR>
    Citigroup Global Markets Inc.<BR>
    J.P. Morgan Securities LLC<BR>
    Mizuho Securities USA LLC<BR>
    RBC Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    Bookrunners: </FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia
    and New Zealand Banking Group Limited<BR>
    </FONT><FONT STYLE="font-size: 10pt">Bank of China Limited, London Branch<BR>
    China Construction Bank (Asia) Corporation Limited<BR>
    CIBC World Markets Corp.<BR>
    Credit Agricole Securities (USA) Inc.<BR>
    Deutsche Bank Securities Inc.<BR>
    HSBC Securities (USA) Inc.<BR>
    ICBC Standard Bank Plc<BR>
    Santander US Capital Markets LLC<BR>
    SG Americas Securities, LLC<BR>
    SMBC Nikko Securities Americas,&nbsp;Inc.<BR>
    TD Securities (USA) LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DBS Bank
    Ltd.<BR>
    nabSecurities, LLC<BR>
    Natixis Securities Americas LLC<BR>
    Scotia Capital (USA) Inc.<BR>
    Westpac Banking Corporation</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">It is expected
that delivery of the Notes will be made against payment therefor on or about March 14</FONT>, 2025, which will be three business days
(as such term is used for purposes of Rule&nbsp;15c6-1 of the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;))
following the date hereof (such settlement cycle being referred to as &#8220;T+3&#8221;). Under Rule&nbsp;15c6-1 of the Exchange Act,
trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing will be required, by virtue of the fact that the
securities initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
Purchasers of the Notes who wish to make such trades should consult their own advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No PRIIPs/UK PRIIPs key information document has been prepared as
the Notes are not available to retail investors in the EEA and the United Kingdom. This communication is being distributed to, and is
directed only at, persons in the United Kingdom in circumstances where section 21(1)&nbsp;of the Financial Services and Markets Act 2000
does not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The issuer
has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer
has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the Securities and Exchange Commission&#8217;s website at www.sec.gov. Alternatively, the issuer,
any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling</FONT>
BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities,&nbsp;Inc. at 1-800-294-1322, Citigroup Global Markets Inc. toll-free
at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533, Mizuho Securities USA LLC at 1-866-271-7403 and RBC Capital Markets,
LLC at 1-866-375-6829.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication
being sent by Bloomberg or another email system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
                                            rating is not a recommendation to buy, sell or hold the securities, and may be subject to
                                            revision, suspension or withdrawal at any time by the assigning rating agencies.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio
Tinto Finance (USA) </FONT>plc</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm256940d4_fwpimg001.jpg" ALT=""></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Pricing Term Sheet</U></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">March 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Fixed Rate
    Notes</B></FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuer:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto Finance (USA)
    </FONT>plc</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantors:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto plc and Rio Tinto
    Limited</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Amount:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">$1,750,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">March 14, 2035</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Coupon:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">5.250% per annum</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Price to Public:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">99.432%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Underwriting Discount and
    Commissions:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.450%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yield to Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">5.324%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Spread to Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+105 bps</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.625% UST due February <FONT STYLE="font-family: Times New Roman, Times, Serif">15,
    2035</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury Price
    and Yield:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">102-26, 4.274<FONT STYLE="font-family: Times New Roman, Times, Serif">%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Payment Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Semi-annually on March
    14 and September 14 of each year, commencing on September 14, 20</FONT>25.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Record Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">The close of business on
    the fifteenth calendar day preceding each Interest Payment Date, whether or not such day is a Business Day.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Optional Redemption:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">A redemption price equal to (i)&nbsp;if such redemption occurs prior to December
    14, 2034 (the &#8220;2035 Par Call Date&#8221;), the greater of (x)&nbsp;100% of the principal amount of the notes to be redeemed
    and (y)&nbsp;as certified to the trustee by us or Rio Tinto, the sum of the present values of the remaining scheduled payments of
    principal and interest thereon discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of
    twelve 30-day months) at the Treasury Rate plus a spread of 20 basis points less interest accrued at the date of redemption or (ii)&nbsp;if
    such redemption occurs on or after the 2035 Par Call Date, 100% of the principal amount of the notes to be redeemed, together, in
    either case, with accrued interest on the principal amount of the notes to be redeemed to the date of redemption.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Settlement:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+</FONT>3; March 14, 2025</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">76720A AU0 / US76720AAU07</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Expected Issue </FONT>Ratings<SUP>1</SUP>:</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">A1</FONT> (Moody&#8217;s)
    / A (S&amp;P) / A (Fitch)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    </FONT><FONT STYLE="font-size: 10pt">Book Running Managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BNP
    Paribas Securities Corp.</FONT><FONT STYLE="font-size: 10pt"><BR>
    BofA Securities,&nbsp;Inc.<BR>
    Citigroup Global Markets Inc.<BR>
    J.P. Morgan Securities LLC<BR>
    Mizuho Securities USA LLC<BR>
    RBC Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    Bookrunners: </FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia
    and New Zealand Banking Group Limited<BR>
    </FONT><FONT STYLE="font-size: 10pt">Bank of China Limited, London Branch<BR>
    China Construction Bank (Asia) Corporation Limited<BR>
    CIBC World Markets Corp.<BR>
    Credit Agricole Securities (USA) Inc.<BR>
    Deutsche Bank Securities Inc.<BR>
    HSBC Securities (USA) Inc.<BR>
    ICBC Standard Bank Plc<BR>
    Santander US Capital Markets LLC<BR>
    SG Americas Securities, LLC<BR>
    SMBC Nikko Securities Americas,&nbsp;Inc.<BR>
    TD Securities (USA) LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DBS Bank
    Ltd.<BR>
    nabSecurities, LLC<BR>
    Natixis Securities Americas LLC<BR>
    Scotia Capital (USA) Inc.<BR>
    Westpac Banking Corporation</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">It is expected
that delivery of the Notes will be made against payment therefor on or about March 14, 2025, which will be three business days (as such
term is used for purposes of Rule&nbsp;15c6-1 of the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;))
following the date hereof (such settlement cycle being referred to as &#8220;T+3&#8221;). Under Rule&nbsp;15c6-1 of the Exchange Act,
trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing will be required, by virtue of the fact that the
securities initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
Purchasers of the Notes who wish to make such trades should consult their own advisors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No PRIIPs/UK PRIIPs key information document has been prepared as
the Notes are not available to retail investors in the EEA and the United Kingdom. This communication is being distributed to, and is
directed only at, persons in the United Kingdom in circumstances where section 21(1)&nbsp;of the Financial Services and Markets Act 2000
does not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The issuer
has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer
has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the Securities and Exchange Commission&#8217;s website at www.sec.gov. Alternatively, the issuer,
any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling</FONT>
BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities,&nbsp;Inc. at 1-800-294-1322, Citigroup Global Markets Inc. toll-free
at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533, Mizuho Securities USA LLC at 1-866-271-7403 and RBC Capital Markets,
LLC at 1-866-375-6829.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication
being sent by Bloomberg or another email system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
                                            rating is not a recommendation to buy, sell or hold the securities, and may be subject to
                                            revision, suspension or withdrawal at any time by the assigning rating agencies.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio
Tinto Finance (USA) </FONT>plc</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm256940d4_fwpimg001.jpg" ALT=""></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Pricing Term Sheet</U></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">March 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Fixed Rate
    Notes</B></FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuer:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto Finance (USA)
    </FONT>plc</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantors:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto plc and Rio Tinto
    Limited</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Amount:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">$1,750,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">March 14, 2055</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Coupon:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">5.750% per annum</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Price to Public:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">98.859%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Underwriting Discount and
    Commissions:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.750%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yield to Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">5.831%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Spread to Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+123 bps</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.500% UST due November 15, 2054</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury Price
    and Yield:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">98-12, 4.601%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Payment Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Semi-annually on March
    14 and September 14 of each year, commencing on September 14, 20</FONT>25.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Record Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">The close of business on
    the fifteenth calendar day preceding each Interest Payment Date, whether or not such day is a Business Day.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Optional Redemption:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">A redemption price equal to (i)&nbsp;if such redemption occurs prior to September
    14, 2054 (the &#8220;2055 Par Call Date&#8221;), the greater of (x)&nbsp;100% of the principal amount of the notes to be redeemed
    and (y)&nbsp;as certified to the trustee by us or Rio Tinto, the sum of the present values of the remaining scheduled payments of
    principal and interest thereon discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of
    twelve 30-day months) at the Treasury Rate plus a spread of 20 basis points less interest accrued at the date of redemption or (ii)&nbsp;if
    such redemption occurs on or after the 2055 Par Call Date, 100% of the principal amount of the notes to be redeemed, together, in
    either case, with accrued interest on the principal amount of the notes to be redeemed to the date of redemption.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Settlement:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+</FONT>3; March 14, 2025</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">76720A AV8 / US76720AAV89</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Expected Issue </FONT>Ratings<SUP>1</SUP>:</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">A1</FONT> (Moody&#8217;s)
    / A (S&amp;P) / A (Fitch)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    </FONT><FONT STYLE="font-size: 10pt">Book Running Managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BNP
    Paribas Securities Corp.</FONT><FONT STYLE="font-size: 10pt"><BR>
    BofA Securities,&nbsp;Inc.<BR>
    Citigroup Global Markets Inc.<BR>
    J.P. Morgan Securities LLC<BR>
    Mizuho Securities USA LLC<BR>
    RBC Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    Bookrunners: </FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia
    and New Zealand Banking Group Limited<BR>
    </FONT><FONT STYLE="font-size: 10pt">Bank of China Limited, London Branch<BR>
    China Construction Bank (Asia) Corporation Limited<BR>
    CIBC World Markets Corp.<BR>
    Credit Agricole Securities (USA) Inc.<BR>
    Deutsche Bank Securities Inc.<BR>
    HSBC Securities (USA) Inc.<BR>
    ICBC Standard Bank Plc<BR>
    Santander US Capital Markets LLC<BR>
    SG Americas Securities, LLC<BR>
    SMBC Nikko Securities Americas,&nbsp;Inc.<BR>
    TD Securities (USA) LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DBS Bank
    Ltd.<BR>
    nabSecurities, LLC<BR>
    Natixis Securities Americas LLC<BR>
    Scotia Capital (USA) Inc.<BR>
    Westpac Banking Corporation</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">It is expected
that delivery of the Notes will be made against payment therefor on or about March 14, 2025, which will be three business days (as such
term is used for purposes of Rule&nbsp;15c6-1 of the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;))
following the date hereof (such settlement cycle being referred to as &#8220;T+3&#8221;). Under Rule&nbsp;15c6-1 of the Exchange Act,
trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing will be required, by virtue of the fact that the
securities initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
Purchasers of the Notes who wish to make such trades should consult their own advisors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No PRIIPs/UK PRIIPs key information document has been prepared as
the Notes are not available to retail investors in the EEA and the United Kingdom. This communication is being distributed to, and is
directed only at, persons in the United Kingdom in circumstances where section 21(1)&nbsp;of the Financial Services and Markets Act 2000
does not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The issuer
has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer
has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the Securities and Exchange Commission&#8217;s website at www.sec.gov. Alternatively, the issuer,
any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling</FONT>
BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities,&nbsp;Inc. at 1-800-294-1322, Citigroup Global Markets Inc. toll-free
at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533, Mizuho Securities USA LLC at 1-866-271-7403 and RBC Capital Markets,
LLC at 1-866-375-6829.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication
being sent by Bloomberg or another email system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
                                            rating is not a recommendation to buy, sell or hold the securities, and may be subject to
                                            revision, suspension or withdrawal at any time by the assigning rating agencies.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio
Tinto Finance (USA) </FONT>plc</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm256940d4_fwpimg001.jpg" ALT=""></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Pricing Term Sheet</U></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">March 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Fixed Rate
    Notes</B></FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuer:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto Finance (USA)
    </FONT>plc</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantors:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto plc and Rio Tinto
    Limited</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Amount:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">$750,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">March 14, 2065</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Coupon:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">5.875% per annum</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Price to Public:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">99.147%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Underwriting Discount and
    Commissions:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.750%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yield to Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">5.931%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Spread to Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+133 bps</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">4.500% UST due November 15<FONT STYLE="font-family: Times New Roman, Times, Serif">,
    2054</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Benchmark Treasury Price
    and Yield:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">98-12, 4.601%</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Payment Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Semi-annually on March
    14 and September 14 of each year, commencing on September 14, 20</FONT>25.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Record Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">The close of business on
    the fifteenth calendar day preceding each Interest Payment Date, whether or not such day is a Business Day.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Optional Redemption:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">A redemption price equal to (i)&nbsp;if such redemption occurs prior to September
    14, 2064 (the &#8220;2065 Par Call Date&#8221;), the greater of (x)&nbsp;100% of the principal amount of the notes to be redeemed
    and (y)&nbsp;as certified to the trustee by us or Rio Tinto, the sum of the present values of the remaining scheduled payments of
    principal and interest thereon discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of
    twelve 30-day months) at the Treasury Rate plus a spread of 20 basis points less interest accrued at the date of redemption or (ii)&nbsp;if
    such redemption occurs on or after the 2065 Par Call Date, 100% of the principal amount of the notes to be redeemed, together, in
    either case, with accrued interest on the principal amount of the notes to be redeemed to the date of redemption.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Settlement:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+</FONT>3; March 14, 2025</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">76720A AW6 / US76720AAW62</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Expected Issue </FONT>Ratings<SUP>1</SUP>:</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">A1</FONT> (Moody&#8217;s)
    / A (S&amp;P) / A (Fitch)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    </FONT><FONT STYLE="font-size: 10pt">Book Running Managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BNP
    Paribas Securities Corp.</FONT><FONT STYLE="font-size: 10pt"><BR>
    BofA Securities,&nbsp;Inc.<BR>
    Citigroup Global Markets Inc.<BR>
    J.P. Morgan Securities LLC<BR>
    Mizuho Securities USA LLC<BR>
    RBC Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    Bookrunners: </FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia
    and New Zealand Banking Group Limited<BR>
    </FONT><FONT STYLE="font-size: 10pt">Bank of China Limited, London Branch<BR>
    China Construction Bank (Asia) Corporation Limited<BR>
    CIBC World Markets Corp.<BR>
    Credit Agricole Securities (USA) Inc.<BR>
    Deutsche Bank Securities Inc.<BR>
    HSBC Securities (USA) Inc.<BR>
    ICBC Standard Bank Plc<BR>
    Santander US Capital Markets LLC<BR>
    SG Americas Securities, LLC<BR>
    SMBC Nikko Securities Americas,&nbsp;Inc.<BR>
    TD Securities (USA) LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DBS Bank
    Ltd.<BR>
    nabSecurities, LLC<BR>
    Natixis Securities Americas LLC<BR>
    Scotia Capital (USA) Inc.<BR>
    Westpac Banking Corporation</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">It is expected
that delivery of the Notes will be made against payment therefor on or about March 14, 2025, which will be three business days (as such
term is used for purposes of Rule&nbsp;15c6-1 of the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;))
following the date hereof (such settlement cycle being referred to as &#8220;T+3&#8221;). Under Rule&nbsp;15c6-1 of the Exchange Act,
trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing will be required, by virtue of the fact that the
securities initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
Purchasers of the Notes who wish to make such trades should consult their own advisors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No PRIIPs/UK PRIIPs key information document has been prepared as
the Notes are not available to retail investors in the EEA and the United Kingdom. This communication is being distributed to, and is
directed only at, persons in the United Kingdom in circumstances where section 21(1)&nbsp;of the Financial Services and Markets Act 2000
does not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The issuer
has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer
has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the Securities and Exchange Commission&#8217;s website at www.sec.gov. Alternatively, the issuer,
any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling</FONT>
BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities,&nbsp;Inc. at 1-800-294-1322, Citigroup Global Markets Inc. toll-free
at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533, Mizuho Securities USA LLC at 1-866-271-7403 and RBC Capital Markets,
LLC at 1-866-375-6829.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication
being sent by Bloomberg or another email system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
                                            rating is not a recommendation to buy, sell or hold the securities, and may be subject to
                                            revision, suspension or withdrawal at any time by the assigning rating agencies.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio
Tinto Finance (USA) </FONT>plc</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="tm256940d4_fwpimg001.jpg" ALT=""></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Pricing Term Sheet</U></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">March 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Floating
    Rate Notes</B></FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Issuer:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto Finance (USA)
    </FONT>plc</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Guarantors:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Rio Tinto plc and Rio Tinto
    Limited</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Amount:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">$500,000,000</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Maturity:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">March 14, 2028</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Price to Public:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100.000%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Underwriting Discount and
    Commissions:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.125%</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Spread to Compounded SOFR:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">+84 bps</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Rate Basis:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Compounded SOFR</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Initial Interest Rate:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest will accrue at
    a floating rate, reset quarterly on each Interest Payment Date, equal to Compounded SOFR, plus 0.840%.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Payment Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest will be payable
    quarterly in arrears on March 14, June 14, September 14 and December 14 of each year, commencing on June 14, 20</FONT>25, and on
    the Stated Maturity Date.</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Reset Dates:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Each Interest Payment Date.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest Determination
    Date:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">The second U.S. Government
    Securities Business Day preceding each Interest Payment Date.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Optional Redemption:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">None.</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Settlement:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">T+</FONT>3; March 14, 2025</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top">76720A AY2 / US76720AAY29</TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">Expected Issue </FONT>Ratings<SUP>1</SUP>:</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif">A1</FONT> (Moody&#8217;s)
    / A (S&amp;P) / A (Fitch)</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    </FONT><FONT STYLE="font-size: 10pt">Book Running Managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 70%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BNP
    Paribas Securities Corp.</FONT><FONT STYLE="font-size: 10pt"><BR>
    BofA Securities,&nbsp;Inc.<BR>
    Citigroup Global Markets Inc.<BR>
    J.P. Morgan Securities LLC<BR>
    Mizuho Securities USA LLC<BR>
    RBC Capital Markets, LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joint
    Bookrunners: </FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia
    and New Zealand Banking Group Limited<BR>
    </FONT><FONT STYLE="font-size: 10pt">Bank of China Limited, London Branch<BR>
    China Construction Bank (Asia) Corporation Limited<BR>
    CIBC World Markets Corp.<BR>
    Credit Agricole Securities (USA) Inc.<BR>
    Deutsche Bank Securities Inc.<BR>
    HSBC Securities (USA) Inc.<BR>
    ICBC Standard Bank Plc<BR>
    Santander US Capital Markets LLC<BR>
    SG Americas Securities, LLC<BR>
    SMBC Nikko Securities Americas,&nbsp;Inc.<BR>
    TD Securities (USA) LLC</FONT></TD></TR>
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-managers:</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DBS Bank
    Ltd.<BR>
    nabSecurities, LLC<BR>
    Natixis Securities Americas LLC<BR>
    Scotia Capital (USA) Inc.<BR>
    Westpac Banking Corporation</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">It is expected
that delivery of the Notes will be made against payment therefor on or about March 14</FONT>, 2025, which will be three business days
(as such term is used for purposes of Rule&nbsp;15c6-1 of the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;))
following the date hereof (such settlement cycle being referred to as &#8220;T+3&#8221;). Under Rule&nbsp;15c6-1 of the Exchange Act,
trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing will be required, by virtue of the fact that the
securities initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
Purchasers of the Notes who wish to make such trades should consult their own advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No PRIIPs/UK PRIIPs key information document has been prepared as
the Notes are not available to retail investors in the EEA and the United Kingdom. This communication is being distributed to, and is
directed only at, persons in the United Kingdom in circumstances where section 21(1)&nbsp;of the Financial Services and Markets Act 2000
does not apply.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The issuer
has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this
communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer
has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the Securities and Exchange Commission&#8217;s website at www.sec.gov. Alternatively, the issuer,
any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling</FONT>
BNP Paribas Securities Corp. at 1-800-854-5674, BofA Securities,&nbsp;Inc. at 1-800-294-1322, Citigroup Global Markets Inc. toll-free
at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533, Mizuho Securities USA LLC at 1-866-271-7403 and RBC Capital Markets,
LLC at 1-866-375-6829.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication
being sent by Bloomberg or another email system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">1</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
                                            rating is not a recommendation to buy, sell or hold the securities, and may be subject to
                                            revision, suspension or withdrawal at any time by the assigning rating agencies.</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font-size: 10pt; margin: 0"></P>

<!-- Field: Page; Sequence: 16; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0; font-size: 10pt"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tm256940d4_fwpimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm256940d4_fwpimg001.jpg
M1TE&.#EARP!* '   "'Y! 4  /\ +     #+ $H A^8(*?___^8 *>8Q2N8
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M@P0DD.Z]^)KK2P',$E"EHDXRBFM>DNXJ& $#^))OO@= XJ]DVT&20'9;ND>
M 0MG'$ $S0Y K+-<7OJIJ69>*EY/H J970$1I.L+,!'XXLL!]R*P7507]&+N
M!U3YB5>]YWX0<P0?H'L ,+[$K//&!0Q \\:.O:HCK5!2V2W$-^?Z6=/I E#
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MG!! FQ&@9+W*Q_^Q1Y(,>!&LFETHB"[/N4631GM7"[/#0W-M\7;J*F&SM!F
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;<BW0.9[&29[;69S=62S F7[3:9W#.0 ! 0 [

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
