Product disclosure statement 1 July Equip Rio Tinto Fund Employee and personal members. 01 About Equip. 02 How super works

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1 Product disclosure statement 1 July 2017 Equip Rio Tinto Fund Employee and personal members 01 About Equip 02 How super works This PDS is about the Equip Rio Tinto Fund and the features and options it offers. These include a default MySuper product, a range of Diversified and Sector Specific investment options to choose from, as well as death and disability insurance. Equip is a profit-for-member superannuation fund with a proud heritage of delivering quality services to its members. We understand that your investment with us reflects the high level of trust you place in our capabilities and reputation. That is why we put member interests first. As a profit-for-member fund, we keep fees and costs as low as possible without compromising quality of performance and service. At 1 July 2017, Equip as a whole has approximately $14 billion of assets invested on behalf of over 75,000 members in Australia. You can stay with Equip throughout your working life and into retirement. We can provide you with help and advice on how you can keep your super working for you at any stage of your life and career. The Equip Rio Tinto Fund provides two classes of membership: Employee members: current employees of a Rio Tinto group employer or Queensland Alumina Limited (QAL). Personal members: former employee members who have maintained their membership in the fund, as well as spouse members. You may find information on the product dashboard for the Growth investment option at Details of trustee and executive remuneration are at MySuper authorised: Equip has a MySuper authorisation so it can accept compulsory superannuation contributions from employers and their associates. Superannuation was established by the government to help you save for your retirement. It is set up as a tax-efficient, long-term investment, with the goal to grow your savings over time through a combination of regular contributions and investment earnings. Choosing your fund: Most working people can choose a fund for their compulsory superannuation guarantee (SG) contributions. If you don t make a choice, then your employer will deposit your SG contributions into its default fund. In some instances, you may have no choice due to other employment terms and conditions. Your contributions: Your employer is generally required to pay SG contributions for you. Your superannuation salary is specified in your employment contract and is generally determined by your employer as follows: Rio Tinto employees: your role remuneration, being your base salary plus all work-related allowances and incentive payments; For QAL employees: your base salary plus full shift allowance. There are different types of contributions availabe to you. You can make additional pre-tax (or salary sacrifice) contributions, or you can contribute to your super with after-tax earnings or savings. If you are a low to middle income earner, you may also be eligible for a government co-contribution based on any after-tax contributions you make. There are limits to the amounts you can contribute to your super. Consolidate your super: Once you have set up an account with Equip, you can roll money in from other super accounts you may have. If you are doing this, you should consider any exit fees other funds may charge, and the impact on any insurance cover in those funds. Accessing your super: There are limitations on withdrawals from super. Generally, you can t withdraw your super until you reach your preservation Equipsuper Pty Ltd ( Equip ) (ABN , AFSL ) is the Trustee of the Equipsuper Superannuation Fund ( the Fund ) (ABN ). The Rio Tinto Staff Superannuation Fund transferred into the Fund on 1 July 2017 and is, from that date, a sub-division of the Equip Fund. It is referred to as the Equip Rio Tinto Fund. The information provided in this PDS is general information only and does not take into account your personal financial situation or needs. You should consider whether this information is appropriate to your personal circumstances before acting on it and, if necessary, you should also seek professional financial advice tailored to your personalcircumstances. Where tax information is included you should consider obtaining personal taxation advice. This PDS was prepared in June 2017 and is effective from 1 July ASIC Class Order 14/1252 applies to this PDS. This PDS was up to date at the time it was prepared. Some information in this PDS is subject to change from time to time. If a change does not adversely affect you, we may update the information by notice on our website, equipsuper.com.au/riotinto, and/or inclusion in the next available edition of our newsletter. You can find updated information by logging into the members area of our website or calling our Helpline A paper copy of updated information will be given to you without charge on request.

2 2 04 Risks of super age, which ranges from 55 to 60, depending on your year of birth. There are some special circumstances under which you can access your super earlier. More information about how super works is set out in Guide 2 How super works. You should read the important information at equipsuper.com.au/riotinto before making a decision. The material relating to how super works may change between the time when you read this statement and the day when you acquire the product. 03 Benefits of investing with Equip Equip provides you with a range of benefits and features, including retirement benefits and death and disability insurance cover. While saving for your retirement, Equip gives you a range of investment options. This allows you to choose investments for your savings which are suited to your financial goals and tolerance to risk. As some of your income must be paid into a superannuation account when you start work, you start saving for your retirement early. The longer you have to save, the easier it may be to reach your goals. You can select how you want your money invested from four Diversified and/or five Sector Specific investment options. If you do not nominate any investment options, we will invest your super in the Growth investment option, which is the MySuper option for Equip Rio Tinto members (see section 5). Eligible employee members of the accumulation division automatically receive insurance cover for death and total permanent disablement (TPD) without having to provide health evidence. This cover is a valuable benefit as cover can be difficult to obtain for people employed in the mining industry. Employee members can apply for higher cover at any time. Personal members cannot increase their level of cover. Employee and personal members can opt out of insurance cover; when electing to opt back in, evidence of good health will be required before cover is provided. We keep our fees and costs as low as possible to help maximise your retirement savings, while ensuring we can maintain the appropriate skills and resources to invest your money securely. You also have access to a range of additional benefits from other service providers, including financial advice. All investments carry risk, including the investments you choose as an Equip member. Super funds have different investment strategies and invest in a diverse range of assets, including Australian and overseas equities, property, bonds, infrastructure and cash. Each of these investment strategies presents a different level of risk. Those assets offering the highest long-term returns, such as equities, may also carry the highest level of risk. As an Equip member, the significant risks to your investment will include: risks associated with market failure or crashes; changes to government policy and legislation; increases in the rate of inflation; interest rate risk; the volatility of exchange rates or liquidity; economic instability; natural disasters and force majeure events; custodian failure; counter party risk; failure of international payments systems; and longevity risk. However, investment strategies usually involve balancing the potential returns from chosen investments with the risks associated with them. Diversifying investments is a strategy that allows money to be allocated to a range of assets in order to manage risk, in particular to reduce the volatility (up and down fluctuations) of investments. The appropriate level of risk for you will depend on a variety of factors, including your age, your investment timeframe, whether you have other personal wealth outside of super, and your risk tolerance. Over the time of your investment, the value of your super may go up and down. The investment earnings you received in the past may not be the same as those you experience in the future. Returns are not guaranteed and you may lose some of your money. Superannuation laws may change in the future affecting your financial and retirement planning. You should try to stay informed about changes to superannuation rules and consider how any changes may affect you. Due to investment risks and other factors, your super (including your contributions and returns) may not be sufficient to adequately fund your retirement. It is worth consulting a professional financial adviser to assist in developing an investment and savings strategy that will help you achieve your goals. More information about the benefits of investing with Equip is set out in our Guide 1 "About the Equip Rio Tinto Fund" and Guide 2 "How super works". You should read the important information at equipsuper.com.au/riotinto before making a decision. The material relating to benefits of investing with Equip may change between the time when you read this statement and the day when you acquire the product. More information about the risks of investing in super is set out in Guide 2 "How super works" and the investment risks in Guide 3 "Your investments". You should read the important information at equipsuper.com.au/riotinto before making a decision. The material relating to risks of investing in super may change between the time when you read this statement and the day when you acquire the product.

3 3 05 How we invest your money Equip s range of investment options allows you to choose investments suited to your financial goals and tolerance to risk.! Warning: You should consider the likely investment return, risk and your investment timeframe when choosing which option to invest in. Past performance is no indication of future performance. Neither the Trustee, nor any employees or directors of the Trustee, guarantee the repayment of capital or the performance of the Fund or its investment options. You can invest in one or more of the following Equip investment options: Diversified High Growth Growth (default option and MySuper product) Conservative Growth Conservative Sector Specific Australian Equity International Equity Property Diversified Fixed Interest Cash If you do not nominate any investment options, we will invest your super in the Growth investment option. More details on this option are set out below. Our Diversified options feature permitted ranges for allocations to each asset class. The investment allocations may vary within these ranges from time to time as investment markets change. We may also add or remove investment options occasionally. We will advise you in advance if this happens. You can switch between investment options to suit your changing financial goals, but be aware that doing so will incur a transaction cost (see section 6 and Guide 4, Fees and costs ). You can switch between investment options by logging into the members area of the website or by completing and lodging an Investment choice variation form. Using either method, you can change your investment strategy for your existing account balance, your future contributions or for both. Growth investment option (the default/mysuper option) Investment objective* Achieve a net return of at least 4.2% p.a. above inflation (measured by CPI) over a rolling 10 year period. Strategy Invest mainly in equities and property, which are expected to earn higher returns over the long term. Invest the balance in more stable assets like fixed interest securities. Benchmark allocation The benchmark allocation is where we're aiming to be over the long term. Actual asset allocation for each asset class may vary from time to time within the permitted ranges set out in the graph as follows: Asset class Benchmark allocation Permitted range Australian Equities 30% 20-40% International Equities 25.5% % Property 10% 0-14% Infrastructure 6% 0-10% Alternative growth Diversified fixed interest Alternative fixed interest 3.5% 0-7% 23% 10-35% 0% 0-12% Cash^ 2% 0-25% Chart F ^The Cash asset class includes an allocation to term deposits. Minimum investment timeframe The minimum suggested timeframe to invest in this product is long term. Members should hold the investment for a minimum of 5 years. Who should invest in this option? This option is designed for members who seek moderate to high returns over the long term and who have tolerance for a high risk of negative returns in the short term. Summary risk level The risk level of this option is high. It is estimated that over any 20 year period, it will have at least four to less than six years of negative annual net investment returns. The risk of negative returns is based on a Standard Risk Measure (SRM) that allows members to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period. You can find more information on the SRM in Guide 3 "Investments". You should ensure that you are comfortable with the risks and potential losses associated with your chosen investment options and, if necessary, you should seek professional financial advice. * The investment objectives are not forecasts or predictions. They simply represent a benchmark against which Equip monitors performance. More information about how we invest your money and the other investment options available is set out in Guide 3 "Your investments". You should read the important information at equipsuper.com.au/riotinto before making a decision. The material relating to how we invest your money may change between the time when you read this statement and the day when you acquire the product.

4 ! Consumer advisory warning: Did you know? Small differences in both investment performance and fees and costs can have a substantial impact on your long term returns. For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30 year period (for example reduce it from $100,000 to $80,000). You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. Your employer may be able to negotiate to pay lower administration fees. Ask the fund or your financial adviser. To find out more: If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investments Commission (ASIC) website ( has a superannuation fee calculator to help you check out different fee options Fees and costs Main fees and costs for the Growth investment option This section provides summary information about the main fees and costs for the Growth investment option. Similar information is included in PDSs for other funds, so you can compare Equip s fees and costs with those of other funds. Fees and costs are paid directly from your account or deducted from the underlying asset value in accordance with the table below. Please note that you cannot negotiate fees and costs with Equip. Type of fee Amount How and when paid Investment fee 0.64% (consisting of investment fee of 0.56% p.a., plus performance fee of 0.08% p.a.) Deducted from the underlying asset value and reflected in the daily unit prices applied to your account. Administration fee $1.50 per week plus 0.10% p.a. of your account balance (up to a maximum of $750 p.a.) Deducted from your account on a monthly basis or on a pro rata basis for part months when you leave the fund. Buy-sell spread fee Buy 0.15%, sell 0.15% Charged via the unit buy and sell price, when you transact. Switching fee Nil N/A Exit fee $75 per partial withdrawal Deducted from your account when any partial withdrawal is made (includes lump sum cash payments, rollovers, portability transfers and contribution splits, but not the last withdrawal which closes your account). Advice fees Relating to all members investing in a particular MySuper product or investment option Nil N/A Other fees and costs* Indirect cost ratio Investment related costs of 0.38% p.a. (estimated) of the Growth option assets, plus operational risk reserve levy of 0.055% p.a. of the assets of each investment option The investment related costs are not deducted from your account; rather, they reduce the value of the assets of each investment option before the daily unit price is determined. The operational risk reserve levy is deducted from the underlying asset value and reflected in the daily unit prices applied to your account. * Activity fees for services relating to family law matters may apply, refer to the additional explanation of fees and costs in Guide 4 "Fees and costs" and for information on fees that may be charged in relation to a MySuper product. Example of annual fees and costs for the Growth investment option (MySuper product) This table gives an example of how the fees and costs in the Growth investment option can affect your superannuation investment over a one-year period. You should use this table to compare this product with other superannuation products. Example Growth investment option (MySuper product) BALANCE OF $50,000 Investment fees 0.64% For every $50,000 you have in the MySuper product, you will be charged $320 in investment fees each year PLUS administration fees $78 p.a. ($1.50 per week), plus 0.10% p.a. (up to a maximum of $750 p.a.) PLUS indirect costs for the Growth option (MySuper product) EQUALS cost of the Growth option (MySuper product) And, you will be charged $128 in administration fees each year 0.435% p.a.^ And, indirect costs of $ each year will be deducted from your investment If your balance was $50,000, then for that year you will be charged fees of $ for the MySuper product. ^The indirect costs include an estimated 0.38% p.a. for investment related costs, based on figures as at year end 30 June 2016, and the operational risk reserve levy of 0.055% p.a. of the asset of each investment option. Additional fees may apply: Establishment fee zero. And if you make a partial withdrawal while a member you will be charged an exit fee of $75 and a buy/sell spread, which also applies whenever you make a contribution, exit, rollover or investment switch. The buy/sell spread for exiting is 0.15% (this will equal $75 for every $50,000 you withdraw). e.g

5 5 07 How super is taxed Other fees and costs The fees and costs associated with the other Diversified and Sector Specific investment options, as well as Equip s other fees and costs (such as adviser service fees, costs associated with switching investment options and special request fees), are detailed in Guide 4 Fees and costs (see the reference at the bottom of this page). Fees and costs depend on a number of variable factors and will vary from year to year.! Warning: Keep in mind that the Trustee can change the level of fees and costs that apply, but we must give you 30 days notice before increasing any fees or charges. Fees paid to a financial adviser Equip does not pay commissions to any financial planner for advice provided to members. Equipsuper Financial Planning Pty Ltd (ABN , AFSL ) is licensed to provide financial planning services to retail and wholesale clients. Equipsuper Financial Planning Pty Ltd is owned by Equipsuper Financial Holdings Pty Ltd (ACN ). You can obtain personal financial advice from an Equip financial planner.! Warning: If you choose to obtain advice from Equip Financial Planning, you will be charged a fee on a user pays basis. You should refer to the Statement of Advice (SOA) provided by your financial planner for details on these fees and charges. The Trustee pays an annual fee to Equip Financial Planning for the provision of member education and financial advice services to members and other services to the fund. This fee is paid out of the administration fee (referred to in the table on the previous page), and is not an additional cost to members. If you are not already an Equip Financial Planning client, contact the Helpline. The Helpline service is free and the member service representative will help you decide if you need advice from a professional financial planner. Finally, you may be able to pay fees from your super account for financial advice relating to your superannuation. For many, super is a tax-effective way of saving for retirement due to the tax concessions provided by the government. There are various taxes payable in relation to super, including taxes on contributions, on investment earnings and on certain withdrawals. Tax file numbers! Warning: One of the most important things to do when you open your superannuation account is provide us with your Tax File Number (TFN). If you do not provide us with your TFN, you may pay extra tax on your contributions or when you access your benefit later. In some circumstances, you may not be able to make contributions if we don t have your TFN. Without your TFN, it may also be more difficult to trace different super amounts in your name so that you receive all your super benefits when you retire. You may contact us if you are unsure whether Equip has your TFN. For independent information about how tax applies to super contributions, investment earnings and withdrawals and how super works see Super taxes: contributions, withdrawals, investment earnings Contributions into your super such as SG contributions or out of your pre-tax pay are taxed at 15%. Equip will pay the tax applying to your account directly to the ATO and deduct this amount from your account, where applicable. A rebate may apply to low income earners with a taxable income of less than $37,000. In addition, for individuals earning an income greater than $250,000 (including concessional contributions), 30% tax applies to those contributions over the $250,000 threshold. Any contributions you make from your after-tax earnings or savings are not taxed in the Fund. However, there are government-imposed limits on contributions that can be made to super.! Warning: You should be aware that if you exceed contribution limits, additional tax will be payable on your extra contributions. In some cases, you can pay any additional tax you incur by deduction from your account. But, in other cases, you will have to pay the extra tax liability out of your own pocket. Withdrawals from your account may be taxed if you re aged less than 60 (and will depend on various things, such as your age, whether the benefit includes a tax free component, etc). Once you turn 60, generally no tax will apply to withdrawals. Investment earnings in the fund are generally taxed a maximum rate of 15%. More information about the fees and costs that apply to Equip is set out in Guide 4 "Fees and costs". You should read the important information at equipsuper.com.au/riotinto before making a decision. The material relating to fees and costs may change between the time when you read this statement and the day when you acquire the product. More information about how super is taxed is set out in Guide 5 "How super is taxed". You should read the important information at equipsuper.com.au/riotinto before making a decision. The material relating to how super is taxed may change between the time when you read this statement and the day when you acquire the product.

6 6 08 Insurance in your super Eligible employee and personal members automatically receive insurance cover for death and total and permanent disablement (TPD). Employee members who commenced membership before 1 January 2014 are also eligible for an ill health benefit. You may cancel ( opt out of ) this cover any time. The different insurance arrangements for employee members and personal members are set out below. Insurance cover is provided to members by MLC Limited ( MLC ABN ASFL ). Employee members Types and levels of insurance If you are an employee member and meet certain eligibility criteria such as being employed by a Rio Tinto employer or QAL and under age 65, you are entitled to a lump-sum insurance benefit if: you die (or suffer a terminal illness); Equip and the insurer deem that you are totally and permanently disabled (or suffer ill health*). In the event of your death, total and permanent disablement (TPD) or ill health*, the benefit payable is your account balance plus your insured amount. The Equip Rio Tinto Fund gives you access to three levels of insurance cover for death and TPD: basic, medium and top. Automatic insurance All new eligible employee members automatically receive basic cover on joining Equip, subject to certain conditions, unless they elect otherwise at that time. All new eligible employee members are automatically entitled to the basic level of cover up to $1.5 million, which is the automatic acceptance limit. Any basic cover over $1.5 million will require health evidence before the insurer may agree to provide the additional cover. The insured amount for the basic level of death and TPD cover is calculated by multiplying your salary for insurance purposes as at the time of your death or TPD by an insurance multiple: 10% per year x the number of years until you turn 65, pro rata for complete months (or complete days if you are a QAL employee member) Additional insurance You can apply for medium or top cover if you require a higher level of cover to a maximum of $5 million for death cover and $3 million for TPD cover. Medium cover provides 1.5 times your insured amount for basic cover and top cover provides 2 times your basic cover insured amount. An example of how we calculate the insured amounts payable under each level of cover is shown in the table. Cost of cover Premiums are payable by you in respect of your insurance cover and are deducted monthly from your account. The annual insurance premium payable by you varies depending on your age and level of cover, and ranges between $1.17 and $50.25 per $1,000 of your death and TPD cover. For ill health cover*, the premiums range from $0.10 to $11.32 for $1,000 of cover.! Warning: The cost of your insurance cover will therefore be deducted from your account if you do not decline the cover upon joining the fund or subsequently cancel your cover. Calculating levels of cover: an example Tim is a 35 year old employee member with a salary for insurance purposes of $100,000. Time to age 65 for Tim is 30 years. The table shows how each level of cover is calculated and the insured benefit payable for each level of cover. Insurance cover levels employee members Cover Insurance multiple Death or TPD insured amount Basic 10% x 30 years = x $100,000 = $300,000 Medium 15% x 30 years = x $100,000 = $450,000 Top 20% x 30 years = x $100,000 = $600,000 Ill health* is equal to half death and TPD Changing or cancelling your cover You can opt out of insurance cover upon joining Equip by completing the attached application form. Alternatively, at any time, you can request to increase or decrease your level of insurance cover, or cancel your cover altogether, or apply for cover having previously cancelled your cover, by completing the form, Change, cancel or apply for insurance cover Accumulation Division Employee Members, available from the Helpline or If you request to cancel your cover, you will be cancelling your death, TPD and ill health* cover. You cannot have cover for death only or TPD only. If you apply for a higher level of cover, or request to recommence cover having previously cancelled your cover, you will also need to complete a personal statement and may need to provide additional medical information before the assessment (known as underwriting) of your application for increased cover can be finalised. Your increased cover will only be provided once the assessment process has been completed and the higher cover has been approved in writing by the insurer. Insurance restrictions If you request medium or top level cover, or apply for cover having previously cancelled your cover, there may be exclusions and/or restrictions placed on your insured benefit following the insurer s assessment of your health evidence. If you decide to join Equip after previously exercising choice of fund, you will be automatically provided with the basic level of cover on a limited cover basis for 24 months. Limited cover means that cover only applies for claims arising from an illness which first became apparent or an injury which first occurred after you joined the fund. After 24 months, full basic cover will apply. To obtain full basic cover before achieving 24 months membership, you must complete a personal statement and provide any other requested medical information before the insurer s assessment can be finalised. Terminal illness If you suffer from a terminal illness you may be entitled to an advance payment of your insured death benefit up to a maximum of $3 million.

7 7 Ill health benefit Employee members who joined the fund through a Rio Tinto group employer or QAL before 1 January 2014 may also be eligible for an ill health benefit. Ill health means the member is unable to perform normal duties for the employer; they also can t perform the duties of any other position for which the employer considers the member reasonably suited. Ill health does not amount to total and permanent disablement and, once paid, the amount must remain in your superannuation account until you meet a SIS condition of release. Personal members Amount of insurance If you become a personal member of the Equip Rio Tinto Fund after ceasing employment with a Rio Tinto or QAL employer or after exercising choice of fund or become a personal member due to a benefit split under Family Law, and you are under age 56 and eligible, you will automatically be provided with insurance cover. Under this cover a lump sum will become payable if: you die or suffer a terminal illness; Equip and the insurer deem that you are totally and permanently disabled. In the event of your death or total and permanent disablement (TPD), the benefit payable is your account balance plus your insured amount, calculated depending on your age as set out in the table below. Eligible spouse members under age 56 may apply for a fixed level of death and TPD insurance cover. Amount of insurance If you receive cover, the insured amount payable upon your death or total and permanent disablement is a fixed amount based on your age, as shown in the table below. You cannot request a higher level of cover but you can cancel your cover at any time.! Warning: The cost of your insurance cover will therefore be deducted from your account balance if you do not decline the cover upon becoming a personal member or subsequently cancel your cover. Cancelling your cover or reapplying for cover You can opt out of insurance cover upon becoming a personal member by completing the attached application form, or you can cancel your insurance cover at any time thereafter by completing a Cancel or apply for insurance cover Accumulation Division Personal Members form, available from the Helpline or the website. If you request to cancel your cover, you will cancel your death and TPD cover. You cannot have cover for death only or TPD only. You can apply for cover at any time after cancelling it, but you will need to provide satisfactory evidence of good health before cover can be provided. Cover will only be provided once the insurer s assessment process has been completed and the provision of cover has been approved. If you apply for cover, there may be exclusions or restrictions placed on your insured benefit following the assessment of your health evidence by the insurer. To apply for insurance cover where you have previously cancelled it, use the Cancel or apply for insurance cover Personal Members form, available from the Helpline or the website. Insurance restrictions If you apply for cover as an eligible spouse member, there may be exclusions or restrictions placed on your insured benefit following the assessment of your health evidence. Terminal illness If you suffer from a terminal medical illness you may be entitled to an advance payment of your insured death benefit. Insurance cover personal members Age at date of death or TPD Death or TPD insurance amount Under age 35 $50, years $35, years $20, years $14, years $7,000 You should read the important information about insurance in Guide 6 "Your death and disablement benefits - employee members" and in Guide 7 "Your death and disablement benefits - personal members" which can be found at equipsuper.com.au/riotinto. The material relating to insurance in your super may change between the time when you read this statement and the day when you acquire the product. *Only applicable to members commencing membership before 1 January years and over Nil Cost of your insurance cover Insurance premiums will be deducted monthly from your account. These will be paid via a periodic deduction from your account. The amount of the premiums depend on your age and level of cover, and ranges between $22.50 and $50.40 per year.

8 8 09 How to open an account Transferring members If you were a member of the Rio Tinto Staff Superannuation Fund on 30 June 2017, you were automatically transferred to the Equip Rio Tinto Fund and became a member of that fund on 1 July Employee members New employee members automatically become a member of the Equip Rio Tinto Fund on your first day of employment with an employer in the Rio Tinto group or QAL which has offered you membership, unless you choose another super fund under choice of fund legislation. However, you should complete the enclosed application form to make sure we have all your personal details and to advise your choices in relation to investments, insurance and beneficiaries. Personal members If you are a current employee member of the accumulation division and have recently ceased employment or have exercised choice of fund and your account balance is at least $5,000, your benefit in most circumstances will be automatically maintained in the accumulation division and you will become a personal member. You don t need to complete an application form. If you are a member of the defined benefit division and your benefit is at least $5,000 when you cease employment, you can choose to become a personal member of the accumulation division. If you don t make this choice within 90 days of us being advised you have ceased employment, you will automatically be transferred into the accumulation division. If your balance is less than $5,000, we will transfer your benefit to our eligible rollover fund AUSfund, unless we receive your payment instructions. If you are the spouse of a current member and the member wishes to make a spouse contribution or split their contributions into an account in your name, you can also join the accumulation division. You can also join the Fund if you are a former spouse and you are entitled to a portion of your former spouse s super interest in Equip under Family Law legislation. To become a member you will need to complete an application form. Information If you would like a copy of the full product disclosure statement, or a copy of any matter in writing that is applied, adopted or incorporated into the PDS, please call our Helpline Complaints If you wish to make an inquiry please contact our Helpline or via the contact tab on the website. Most queries and issues can be effectively resolved quickly through this channel. However, if we have not resolved an issue satisfactorily, you can make a complaint via our Helpline, by or in writing to: The Complaints Officer, Equipsuper Pty Ltd, GPO Box 4303, Melbourne VIC More information about how we deal with complaints is set out in Guide 1 About the Equip Rio Tinto Fund. You should read the important information at equipsuper.com.au/riotinto before making a decision. The material relating to how we deal with complaints may change between the time you read this statement and the day when you acquire the product. For help and advice, contact: Helpline: (for international callers ) 8:30am to 7pm AEST/AEDT Mon-Fri, not including public holidays and select contact us Website: A personal member can, at any time, request the payment of their benefit in cash (subject to preservation requirements), the transfer of their benefit to the retirement division (if eligible) or the transfer of their benefit to another super fund. You may call our Helpline to obtain a copy of this product disclosure statement and a copy, in writing, of any material that is applied, adopted or incorporated by this product disclosure statement. Equipsuper Superannuation Fund ABN USI SPIN EPL0100AU Equipsuper Pty Ltd ABN AFSL Head office Level 12, 330 Collins Street Melbourne VIC 3000 Member Services Representatives Helpline: and select contact us Mail Equipsuper Pty Ltd GPO Box 4303, Melbourne VIC Publication No: ESP_RT_PDS_0617

9 1 Equip Rio Tinto Fund Accumulation Division Application Form for Employee and Personal Members Joining as an Employee Member? Here s what you need to do: Joining the Equip Rio Tinto Fund is easy. You automatically become a member of the Equip Rio Tinto Fund on your first day of employment with the company in the Rio Tinto group which has offered you membership, unless you have selected another fund under Choice of Fund legislation and provided this information to your Employer prior to commencing employment. In this case you will not become a member of the Equip Rio Tinto Fund. As an Equip Rio Tinto Fund Employee Member, there are some important decisions you can make, such as how your super is invested, how much insurance cover you d like and who ll receive your super benefit if you die. Make sure you read all the information in the Accumulation Division Product Disclosure Statement (PDS) for Employee and Personal Members, then complete this form. Once you ve completed, signed and dated the application form, return it to the Fund using the contact details provided on this form. If you re unsure of what decisions to make, the Trustee recommends that you see a licensed or appropriately authorised financial adviser. You can also obtain help by contacting the Helpline on If you don t fill out the application form If you don t fill out the application form, the default options will apply which may not be the most suitable choices for your particular circumstances. The Fund s default investment option is the Growth option, which is the Fund s MySuper product. The default insurance option is Basic cover. Like to roll in other super money? If you have other super you d like to roll in to the Fund, you can fill out the Transfer/Rollover Authority form attached after the application form. Alternatively you can arrange a rollover online by signing into your account on the Fund s website or by calling the Helpline. Joining as a Personal Member? Here s what you need to do: If you are a current Employee Member of the Accumulation Division and have recently ceased employment or exercised Choice of Fund and at that time your Account Balance is at least $5,000 then, in most circumstances, your benefit will be automatically maintained in the Accumulation Division and you will become a Personal Member. In this case, you will not need to complete an application form. The Fund Administrator will process your reassignment from an Employee to a Personal Member after the Trustee has been informed by your Employer that you have ceased employment or exercised Choice of Fund and after all Employer contributions due for you have been paid into the Fund. If you are eligible and under age 56, you will receive a fixed amount of death and total and permanent disablement insurance cover based on your age. You have the choice to cancel your insurance cover. If you are a member of the Defined Benefit Division of the Fund and your benefit is at least $5,000 when you cease employment, then you can elect to join the Accumulation Division as a Personal Member. In order to do this, you need to instruct the Equip Rio Tinto Fund to transfer the benefit payable, in full or in part (but at least $5,000), directly into the Accumulation Division. You may do this by completing a Receiving a payout from the Equip Rio Tinto Fund form. Alternatively, if your benefit is at least $5,000 and you have not provided the Trustee with payment instructions within 90 days of your Employer advising the Trustee that you have ceased employment, then, in most circumstances, your benefit will be automatically transferred to the Accumulation Division. If you are eligible and under age 56, you will receive a fixed amount of death and total and permanent disablement insurance cover based on your age. You have the choice to cancel your insurance cover. It is important to note that you cannot take your benefit out of the Fund and then subsequently invest it in the Accumulation Division. If you are a Spouse of a current Equip Rio Tinto Fund Member and your spouse wishes to make a Spouse Contribution or allot a Contributions Splitting amount to an account in your name, you too can become a member of the Fund through its Accumulation Division. You can also join the Fund if you have ceased being the Spouse of an Equip Rio Tinto Fund Member and have become entitled to a portion of that former spouse s superannuation interest in the Equip Rio Tinto Fund under Family Law legislation. As an Equip Rio Tinto Fund Personal Member, there are some important decisions you can make, such as how your super is invested and who will receive your super benefit if you die. If you become a Spouse Member, are eligible and under age 56, you can apply for a fixed amount of death and total and permanent disablement insurance cover base on your age. You will need to provide the insurer with evidence of good health before the cover is provided. If you become a Personal Member due to a benefit split under Family Law, and you are eligible and under age 56, you will automatically be provided with a fixed amount of death and total and permanent disablement insurance cover based on your age. You have the choice to cancel your insurance cover. Make sure you read all the information in the Accumulation Division Product Disclosure Statement (PDS) for Employee and Personal Members, then complete this form. Once you ve completed, signed and dated the application form, return it to the Fund using the contact details provided on this form. If you re unsure of your decisions, the Trustee recommends that you see a licensed or appropriately authorised financial adviser. You can also contact the Helpline on Equipsuper Superannuation Fund ABN SPIN EPL0100AU Equipsuper Pty Ltd ABN AFSL Publication No: ESF_RTA_App_0717

10 2 Equip Rio Tinto Fund Accumulation Division application form We need you to fill out this form to let us know:. your details if you d like extra death and disability cover (if applicable) if you d like to cancel (opt out of) your insurance cover (if applicable) which investment option(s) you d like your super invested in; and who you d prefer to receive your super if you die while you re a member of the Equip Rio Tinto Fund. Step 1. Complete your personal details Once you have completed all relevant steps of the form, don t forget to sign it and then return it to the Fund at the following address: Equip Rio Tinto Fund GPO Box 4303 Melbourne, Vic 3001 If you need help For assistance, please call the Helpline on If you re unsure of what decisions to make, we recommend that you see a licensed or appropriately authorised financial adviser. Please print in black or blue pen in uppercase. I am applying to join the Fund s Accumulation Division as an: Ro Tinto Employee Member QAL Employee Member Personal Member Title: Mr / Mrs / Ms / Other Date of birth: First name: Last name: Residential address: Suburb: State: Postcode: Postal address: (If different from above) Suburb: State: Postcode: Daytime telephone: Mobile: Don t pay more tax than you have to let us know your tax file number. Your tax file number is confidential and you don t have to give it to Equip. It is not an offence to not provide your tax file number. However, you may pay more tax than you have to if you don t supply it. My tax file number is: - - Sign up for electronic communications By providing your address and mobile number not only will it be easier for the Fund to keep in touch with you but it allows you to receive information electronically if that s your preference. You can tell the Fund how you d like to receive various types of communications by signing into your account on the website and updating your preferences in the Personal details section. Equipsuper Superannuation Fund ABN SPIN EPL0100AU Equipsuper Pty Ltd ABN AFSL Publication No: ESF_RTA_App_0717

11 3 Step 2. Make voluntry contributions You can elect to make contributions from before and/or after-tax salary if you are an Employee Member. Voluntary contributions from before-tax salary (concessional contributions) also known as salary sacrifice can only apply to future salary entitlements and are subject to Employer approval. Please contact your Payroll Officer to obtain the appropriate form if you wish to make any voluntary contributions. If you are a Personal Member you can make voluntary after-tax (nonconcessional) contributions at any time. Please call the Helpline for further information. Please note that if you do not provide your Tax File Number (TFN) to the Trustee, the Trustee cannot accept an after-tax contribution (non-concessional contribution) and that any before-tax contributions (concessional contributions) may be subject to additional tax. Please also note that there are limits on the amount of concessional and non-concessional contributions that can be made without incurring additional tax. For more information refer to Guide 5: Tax and super (Employee and Personal Members) which forms part of the Accumulation Division Product Disclosure Statement (PDS) for Employee and Personal Members. The guide is available on the Fund website or by calling the Helpline on Step 3. Choose your investment option(s) Please complete this section to choose an investment option, or mix of options, for your super. For more information about the Fund s investment options refer to Guide 3: Your investments (Employee and Personal Members) which forms part of the of the Accumulation Division PDS for Employee and Personal Members. The guide is available on the Fund website or by calling the Helpline. If you are new to the Fund and you do not select an investment option, your account balance, including future contributions and rollovers, will be invested in the Growth option, which is the Fund s MySuper product, until you make an investment choice. You have the opportunity to change your investment option(s) at any time. You can also choose to have a different investment strategy for your existing account balance and your future contributions and rollovers ( cash flows ). Any initial investment choice you make on the application form will apply to both your account balance at that time (if any) and all future cash flows. However, if you subsequently change your investment choice, you will need to specify whether the change is to apply to your existing account balance or future cash flows into your account, or both. I would like to invest my total account balance, including future contributions and rollovers, in the option(s) indicated below: Percentage to be invested Diversified options Sector-specific options High Growth option % Growth option (MySuper option) % Conservative Growth option % Conservative option % Australian Equity option % International Equity option % Property option % Diversified Fixed Interest option % Cash option % Total (must equal 100%) % Your investment selection will be effective from the date your validated application is processed by the Fund administrator. Equipsuper Superannuation Fund ABN SPIN EPL0100AU Equipsuper Pty Ltd ABN AFSL Publication No: ESF_RTA_App_0717

12 4 Step 4. Your death and disability cover Insurance cover is provided to members of the Accumulation Division by MLC Limited ( MLC ABN AFSL ) under policies of insurance issued to the Trustee. Important note: Personal Members are not able to increase their insurance cover, but can opt out of cover below. Information about the insurance cover provided to Personal Members is available in Guide 7: Your death and disability benefits (Personal Members). Choose your level of insurance cover (Employee Members) If you are an Employee Member, you can choose between three levels of death and total and permanent disablement (TPD) insurance cover: Basic, Medium and Top. If you are eligible, and subject to certain conditions, Basic cover is automatically provided to you without the need to provide evidence of good health to the insurer, MLC Limited. The cost of death and TPD insurance cover is deducted from your account. Information about the Fund s insurance cover options and the cost to you is available in Guide 6: Your death and disability benefits (Employee Members), which forms part of the Accumulation Division PDS for Employee and Personal Members. The guide is available on the Fund website or by calling the Helpline I wish to select the following level of death and TPD insurance cover: (Select one only) a Basic Medium Top If you do not make a selection, your insurance cover will automatically be Basic. You have the opportunity to change your insurance cover at any time, subject to provision of satisfactory evidence of good health. Provide evidence of insurability (Employee Members) If you select Medium or Top cover you must complete the attached Short Form Personal Statement and return it with this membership application. However, in the circumstances described in the Short Form Personal Statement, you may be required to complete a Request for insurance/ personal statement instead which can be obtained from the Fund website, or by calling the Helpline In both cases, you may be required to provide additional medical information to the insurer and/or attend a medical examination before assessment of your insurance cover upgrade can be finalised. These are known as the underwriting procedures. Where you select Medium or Top cover, your insurance will be restricted to Basic cover until such time as all the underwriting procedures have been completed and the insurer has agreed in writing to provide the higher level of cover. Also as a result of the underwriting procedures, the insurer and Trustee may impose special conditions and restrictions in respect of your cover. If you are joining the Rio Tinto Fund as an eligible Employee Member after previously exercising Choice of Fund, you will automatically be provided with cover equal to Basic cover on a Limited cover basis for two years, after which time full Basic cover will be provided. Limited cover means claims arising from an illness which first became apparent or an injury which first occurred after the Member became eligible for cover. If you would like cover at the full Basic level before two years, or a higher level of insurance cover, you must complete and return a Short Form Personal Statement. You may be required to provide additional medical information to the insurer before assessment of your insurance cover upgrade can be finalised. Special conditions may be imposed for any cover over Limited cover. Your benefits may also be adjusted by the insurer and Trustee if you do not provide information as required or you provide incorrect or misleading information which may prejudice your entitlement to benefits. If you have an accident and you die or become totally and permanently disabled while your application for insurance or increase of insurance is being assessed by the insurer, you or your loved ones may be paid a lump sum through Interim Accident insurance. See Guide 6: Your death and disability benefits (Employee Members). Cancel your insurance cover (all Members) If you want to cancel (opt out of) your death and TPD cover in the Fund, tick below. a Be aware that if you cancel your cover, you will cancel both the death and TPD cover. You cannot have one without the other. I wish to cancel all of my insurance cover in the Fund. If you cancel your cover and subsequently decide to reinstate it, you will need to make a new application for insurance cover and provide satisfactory evidence of good health and the insurer s underwriting procedures. Equipsuper Superannuation Fund ABN SPIN EPL0100AU Equipsuper Pty Ltd ABN AFSL Publication No: ESF_RTA_App_0717