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 EMPLOYEE BENEFITS

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file time: 2008-02-24

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EMPLOYEE BENEFITS Australian operations FEBRUARY 2007 WORKING AT RIO TINTO ALUMINIUM 1 HOW REMUNERATION WORKS Your total remuneration is made up of the following components. Base salary Salaries are paid on a monthly basis (on or near the 20th of the month). Your base salary is reviewed annually to ensure competitiveness and to recognise performance. Superannuation Rio Tinto Aluminium contributes nine per cent superannuation to the fund chosen by each employee. If you choose to be a member of the Rio Tinto Staff Superannuation Fund, Rio Tinto Aluminium will pay the administration costs of membership and the insurance premium for 'Basic' insurance cover. Superannuation contributions by Rio Tinto Aluminium are based on role remuneration, which is your base salary plus applicable allowances and incentive payments (if any). Allowances Where applicable, shift, area and motor vehicle allowances are paid at the same time as monthly salary payments. Incentive payments Your contract of employment will outline the details of your Incentive Scheme. Incentive payments are based on a number of factors, including company and personal performance, and are paid in March of each year. Benefits The following pages outline benefits available to Rio Tinto Aluminium employees based in Australia. This booklet should be read together with your contract of employment and applicable policies and guidelines. As a Rio Tinto Aluminium employee, you can access a range of benefits as part of your total remuneration package. This booklet provides information about the benefits available to Australian-based employees. It should be read together with your contract of employment and the applicable policies and guidelines. If you have any questions, please talk to your site Human Resources team. Further information is available from your site Human Resources team and in your contract of employment. Staff Medical Assistance Scheme The Staff Medical Assistance Scheme has two parts. 1.  Medical Insurance Subsidy - Subsidises the cost of hospital and extras medical insurance of an eligible fund. 2.  Safety Net - Reimburses hospital excess and certain additional medical costs not recoverable from private medical insurance or any other source, based on a threshold system. For more information please read the All About Staff Medical Assistance Scheme brochure available on the Human Resources Portal or call scheme administrators Mercer on 1800 221 201. Education Assistance Financial assistance is available to permanent employees to help undertake further study. The course must be approved by your Manager and be through either a university, TAFE or other recognised learning institution. Studies need to directly relate to your current role or future career development. Rio Tinto Aluminium will refund compulsory charges, contribute towards the cost of compulsory textbooks and software, and provide paid leave for examinations and compulsory attendance. Applicable payments are made following successful completion of subjects each semester. Dependent Child Education Subsidy Rio Tinto Aluminium offers financial assistance to help offset costs involved in providing tertiary education for your children. Details of the assistance available can be found on the Human Resources Portal. This subsidy does not apply to employees based in Brisbane or Melbourne. Salary Packaging By salary sacrificing you can use part of your gross salary to purchase items such as laptops, portable printers, electronic diaries, calculators, financial planning advice and motor vehicles. Check with your site Human Resources team to determine if you are eligible to participate. Rio Tinto Aluminium has engaged the services of salary packaging specialist McMillan Shakespeare to administer this benefit. For more information: 00 Telephone 1300 73 53 63 for items such as laptops, notebooks, portable printers, electronic diaries, calculators or financial advice. 00 Telephone 1300 36 01 18 for motor vehicles - Novated Leases and Associated Leases. Information is also available online at www.msa-online.com.au or by contacting Rio Tinto Shared Services - Employee Services on 1300 66 77 03. RIO TINTO ALUMINIUM 2 3 4 Employee Assistance Programme The Employee Assistance Programme (EAP) is a free, confidential and voluntary counselling service available to you and your immediate family. The service is available 24 hours a day to assist with personal or work related matters. The contact details for your site EAP provider can be found on the Human Resources Portal. Rio Tinto Share Scheme You are able to purchase Rio Tinto shares in the annual Rio Tinto Share Savings Plan. Under this Plan, you are offered discounted Rio Tinto shares in September of each year. For further details, please contact Rio Tinto Shared Services - Employee Services on 1300 66 77 03. Professional Memberships Rio Tinto Aluminium will cover the cost of one professional membership per annum where this is considered essential to performing your role and is subject to approval from your Manager. Wellness Programme Rio Tinto Aluminium encourages activities that promote your health and wellbeing. For details of your site Wellness Programme please speak with your site Human Resources team. Death and Disability Insurance Rio Tinto Aluminium provides a Death and Disability Insurance scheme. For further details, please contact Rio Tinto Shared Services - Employee Services on 1300 66 77 03. Discounts Rio Tinto employees are eligible to receive discounts on a variety of goods and services. For further details, please contact Rio Tinto Shared Services - Employee Services on 1300 66 77 03. 5 Samantha Dippel and Megan Baker, Boyne Smelters Limited 6 7 Rio Tinto Aluminium Weipa The following benefi ts are available to Weipa employees, in recognition of Weipa's remote location. For further details regarding eligibility, speak to the Weipa Human Resources team. Weipa Accommodation Benefi t Rio Tinto Aluminium provides Weipa employees with a cash benefi t to assist in obtaining appropriate accommodation in Weipa. Salary packaging for remote area housing is available for both rental arrangements and reimbursement of mortgage costs. The Weipa Accommodation Benefi t (WAB) is designed to promote a range of accommodation options and allows you to make choices concerning accommodation type, quality and location. Remote Area Holiday Travel Assistance Rio Tinto Aluminium provides Remote Area Holiday Travel Assistance (RAHTA) to Weipa-based employees and their dependants so that they can take holidays outside Weipa. The RAHTA is equivalent to the value of: 00 One Weipa - Cairns - Weipa airfare after six months of service, and every 12 months thereafter; and 00/span>  One Weipa - Brisbane - Weipa airfare after 12 months of service, and every 12 months thereafter. Electricity Subsidy Rio Tinto Aluminium provides subsidised electricity to Weipa based employees. This subsidy is periodically reviewed. Recreation Leave Recreation leave is available to Weipa-based Stratum I and II employees and accrues at the rate of one day for every two months, up to a maximum of six days a year. Recreation days are not paid out upon leaving Weipa. SITE SPECIFIC BENEFITS Area Allowance Weipa employees receive an allowance Rio Tinto Aluminium has declared for the Weipa area, which equates to 25 per cent of base salary. Annual Leave Rio Tinto Aluminium recognises Weipa as a remote location and therefore full time Weipa-based employees accrue annual leave at a higher rate than other Australian-based operations. If you are a day shift employee, you accrue fi ve weeks annual leave per year. If you work a continuous day night shift roster, you accrue six weeks annual leave per year. Rio Tinto Aluminium Bell Bay The following benefi t is available to Bell Bay employees. Comalco Employee Benefi t Organisation (Inc) The Comalco Employee Benefi t Organisation (Inc) provides health and social benefi ts to members. Membership is optional and if you choose to join, the cost is deducted from your monthly pay. Membership fees are renewed annually. For more information, contact the Bell Bay Human Resources team. Helen Cox and Ron Masso, Rio Tinto Aluminium Weipa Policies about additional benefits also available to Rio Tinto Aluminium employees include: 00 Flexible Work Arrangements 00 Parental Leave 00 Recognition of Service Awards All policies and guidelines can be found on the Human Resources portal. For specific information about the benefits outlined in this brochure, please refer to the following policies and eligibility guidelines: 00 Staff Medical Assistance Scheme 00 Employee Assistance Programme 00 Self Education Assistance 00 Dependent Child Education Subsidy 00 Salary Packaging 00 Rio Tinto Share Scheme 00Professional Memberships POLICIES 8 9 POLICIES ABOUT ADDITIONAL BENEFITS For more information Talk with your site Human Resources team Visit the Rio Tinto Aluminium Human Resources Portal  Call Rio Tinto Shared Services - Employee Services on 1300 66 77 03

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