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Trading statement for the six months ending 30 June 2017

11 May 2017

Shareholders are advised that Kumba’s results for the six months ending 30 June 2017 ("the period") will be released on the Stock Exchange News Service (“SENS”) on 25 July 2017.

In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, shareholders are further advised that both headline earnings and basic earnings for the period are likely to be at least R602 million (20%) higher than reported headline earnings and basic earnings for the prior comparative 6 months ended 30 June 2016 (“the comparative period”).

Reported headline earnings and basic earnings for the six months ended 30 June 2016 (as released on SENS on 26 July 2016) were R3,009 million and R2,974 million respectively, while reported headline earnings per share (“HEPS”) and earnings per share (“EPS”) for the comparative period were R9.41 and R9.30 respectively.

The expected increase in earnings is largely attributable to an increase in export iron ore prices during the period.

In this regard, HEPS and EPS are also likely to be at least R1.88 and at least R1.86 per share higher (at least 20% higher), respectively, than reported HEPS and EPS for the comparative period.

A further trading statement will be released as soon as the Company has reasonable certainty on the expected HEPS and EPS ranges for the period.

The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors.

For further information, please contact:

Media >Investors
Yvonne Mfolo
Tel: +27 12 683 7067
Mobile: +27 83 469 4566
>Nerina Bodasing
Tel: +27 12 622 8324
Mobile: +27 82 940 7505

Notes to editors:

Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen mine and its new Kolomela mine in the Northern Cape Province, and at Thabazimbi mine in the Limpopo Province. Kumba exports iron ore to customers in a range of geographical locations around the globe including China, Japan, Korea and a number of countries in Europe and the Middle East.

Notes to editors:

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world’s developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products to our customers around the world.

As a responsible miner - of diamonds (through De Beers), platinum and other precious metals, copper, nickel, iron ore and coal - we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate – creating sustainable value and making a real difference.
Real Mining. Real People. Real Difference.

Kumba Iron Ore