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Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018 ANACONDA

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Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018 ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2016, 2017, and 2018 S in millions) Preferred Common Additional Total Stock Stock Paid-In Retained Shareholders $10 par $1 par Capital Earnings Equity 490 930 56 2,442 960 64 Balance at January 1, 2016 70 1,882 30 Sale of preferred shares Sale of common shares Cash dividend, preferred Cash dividend, common Net income (18) 350 (18) 350 Balance at December 31, 2016 1,476 2,211 3,795 (46) 30 78 (22) (22) 500 2,664 Retirement of shares (21) Cash dividend, preferred Cash dividend, common (22) 500 4,224 3-for-2 split effected in the form of a dividend Net income 15 (15) 45 75 1.440 40 Balance at December 31, 2017 Common stock dividend Cash dividend, preferred Cash dividend, common Net income (45) (24) 542 (24) 542 Balance at December 31, 2018 45 80 1,480 3,134 4,739

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