The following sections will provide valuable information to shareholders:
Market listings and other information
The principal market for Kumba Iron Ore Limited is the JSE. As a constituent of the All Share Top 40 index (ALSI 40 index), Kumba Iron Ore shares trade through the STRATE system.
STRATE is the authorised CSD for equities in South Africa that incorporates an electronic settlement system. STRATE achieves secure, electronic settlement of share transactions on the JSE and for off-market trades. Shares in companies listed on the JSE can no longer be traded unless they have been dematerialised on to the STRATE system. This process involves submitting paper share certificates to a custodian bank or JSE member firm (broker) for conversion into an electronic record, an exercise referred to as dematerialisation.
The introduction of the Johannesburg Equity Trading (JET) system a few years ago highlighted the deficiencies in the JSE’s paper-based settlement system. Shares were no longer traded on a trading floor, and this contributed to a massive leap in the number of trades each day. Back office support services were incapable of handling this increase in daily transactions efficiently in a paper-based environment. The transition to an efficient settlement system has increased market activity and certainly will improve the international perception of the South African market by reducing settlement and operational risk in the market, increasing efficiency and ultimately reducing costs. Accordingly, by heightening investor appeal, STRATE enables South Africa to compete effectively with other international markets, and not just those of emerging countries. For additional information please refer to the STRATE website at: www.strate.co.za
Closing JSE share prices are published in most national and regional South African newspapers and are available during the day on the Kumba Iron Ore and other websites. Share prices are also available on I-Net Bridge, Reuters and Bloomberg.
ADR holders
Kumba Iron Ore has an over the counter American depository receipt (ADR) facility with the Bank of New York Mellon (BNY MELLON) under a deposit agreement.
ADR holders may instruct the BNY Mellon as to how the shares represented by their ADR’s should be voted. Registered holders of ADR’s will have the annual and interim reports mailed to them at their recorded address by the BNY Mellon. Brokers or financial institutions, which hold ADR’s for shareholder clients, are responsible for forwarding shareholder information to their clients and will be provided with copies of the annual and interim reports for this purpose.
Dividend determination
Dividends are determined in South African rand (ZAR) and are then declared payable in the same currency. ADR holders are paid in US dollar by the BoNY. BoNY effects the conversion of ZAR determined dividend in US dollars on behalf of its US ADR holders. Contact Computershare or BoNY for further details.
Major shareholders
Top 10 shareholders as at 31 December 2011
Rank
Investor
%
(as at 31 Dec)
No of shares
(as at 30 Dec)
City
1
Anglo American South Africa Capital
65.2
210,049,096
Johannesburg
2
Industrial Development Corporation
12.9
41,498,615
Johannesburg
3
Public Investment Corporation
4.3
13,899,737
Pretoria
4
BlackRock Investment Management
1.8
5,661,730
London
5
Absa Capital
1.3
4,189,074
Johannesburg
6
Lazard Asset Management
1.1
3,396,826
New York
7
GIC – Govt of Singapore Investment Corporation
0.6
1,933,860
Singapore
8
Vanguard Group
0.6
1,892,882
Philadelphia
9
Acadian Asset Management
0.4
1,352,922
Boston
10
BlackRock Investment Management (BGI)
0.4
1,166,511
San Francisco
General shareholder enquiries
Computershare is the registrar for Kumba Iron Ore. All enquiries and correspondence concerning shareholding (other than shares held in ADR form) should be directed to the registrar. Computershare’s contact details are on the inside back cover. Shareholders must notify Computershare promptly in writing of any change of address.
All enquiries concerning shares held in ADR form should be directed to the BoNY, whose contact details are also given on the inside back cover or alternatively visit their website at: www.adrbny.com
Shareholders can obtain details about their own shareholding on the internet. Full details, including how to gain secure access to this personalised enquiry facility, are provided on the Computershare website at: www.computershare.com
Consolidation of share certificates
If your certificated shareholding in Kumba Iron Ore is represented by several individual share certificates, you may wish to have these replaced by one consolidated certificate; there is no charge for this service. You should send your share certificates to Computershare together with a letter of instruction.
