24 Jun - 5 min read

Trading statement for the six months ending 30 June 2021

Trading statement for the six months ending 30 June 2021

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
JSE Share code: KIO
ISIN: ZAE000085346
(“Kumba” or "the Company")

Trading statement for the six months ending 30 June 2021

Kumba’s financial results for the six months ending 30 June 2021 ("the period") will be released on the Johannesburg
Stock Exchange News Service (“SENS”) on 27 July 2021.

The period under review has to date seen higher average export iron ore prices and a stronger Rand/US Dollar
exchange rate relative to the comparative six months ended 30 June 2020 ("the comparative period").

As a result of the above and in accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements,
shareholders are advised that headline earnings and basic earnings for the period are likely to be at least
R12,602 million and R12,612 million higher (at least 150% higher), respectively, than reported headline earnings and
basic earnings for the comparative period (released on SENS on 28 July 2020). Headline earnings per share (“HEPS”)
and earnings per share (“EPS”) are also likely to be at least R39.29 and R39.32 per share higher (at least 150%
higher), respectively, than reported HEPS and EPS for the comparative period.

Reported headline earnings and basic earnings for the comparative period were R8,401 million and R8,408 million
respectively, while reported HEPS and EPS for the comparative period were R26.19 and R26.21, respectively.

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

Centurion
24 June 2021

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:

Company Secretary
Ms Fazila Patel
fazila.patel@angloamerican.com
Tel: +27 683 7060
Mobile: +27 83 297 2293

Investors                                              Media
Penny Himlok                                           Sinah Phochana
penny.himlok@angloamerican.com                         sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                                   Tel: +27 12 683 7019
Mobile: +27 82 781 1888                                Mobile: +27 76 066 0655

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 and Kolomela mines in the
Northern Cape 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.

www.angloamericankumba.com

Anglo American is a leading global mining company and our products are the essential ingredients in almost every
aspect of modern life. Our portfolio of world-class competitive operations, development projects and undeveloped
resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world and that
meet the fast growing consumer-driven demands of developed and maturing economies. With our people at the heart
of our business, we use innovative practices and the latest technologies to mine, process, move and market our
products to our customers – and to discover new resources – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking
ingredients of iron ore and metallurgical coal, and nickel – with crop nutrients in development and thermal coal
operations planned for divestment – we are committed to being carbon neutral across our operations by 2040. We
work together with our business partners and diverse stakeholders to unlock sustainable value from precious natural
resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our
shareholders. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com

Forward-looking statements
This announcement includes forward-looking statements. All statements other than statements of historical facts
included in this announcement, including, without limitation, those regarding Kumba’s financial position, business,
acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations
(including development plans and objectives relating to Kumba’s products, production forecasts and Ore Reserves
and Mineral Resource estimates), are forward-looking statements. By their nature, such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Kumba, or industry results, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Kumba’s present and future business
strategies and the environment in which Kumba will operate in the future. Important factors that could cause Kumba’s
actual results, performance or achievements to differ materially from those in the forward-looking statements include,
among others, levels of actual production during any period, levels of global demand and commodity market prices,
mineral resource exploration and development capabilities, recovery rates and other operational capabilities, the
effects of global pandemics and outbreaks of infectious diseases, the availability of mining and processing equipment,
the ability to produce and transport products profitably, the availability of transport infrastructure, the impact of foreign
currency exchange rates on market prices and operating costs, the availability of sufficient credit, the effects of inflation,
political uncertainty and economic conditions, the actions of competitors, activities by governmental authorities such
as permitting and changes in taxation or safety, health, environmental or other types of regulation, conflicts over land
and resource ownership rights and such other risk factors identified in Kumba’s most recent Integrated Report.
Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not
be placed on forward-looking statements.

These forward-looking statements speak only as of the date of this announcement. Kumba expressly disclaims any
obligation or undertaking (except as required by applicable law, the Takeover Regulation Panel, the Listings
Requirements of the securities exchange of the JSE Limited in South Africa, the Financial Sector Conduct Authority
and any other applicable regulations) to release publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in Kumba’s expectations with regard thereto or any change in events, conditions
or circumstances on which any such statement is based. Nothing in this announcement should be interpreted to mean
that future earnings per share of Kumba will necessarily match or exceed its historical published earnings per share.

Certain statistical and other information about Kumba included in this announcement is sourced from publicly available
third-party sources. As such, it has not been independently verified and presents the views of those third parties,
though these may not necessarily correspond to the views held by Kumba and Kumba expressly disclaims any
responsibility for, or liability in respect of, such third-party information.

Date: 24-06-2021 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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