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KUMBA IRON ORE LIMITED - Acceptance of award of forfeitable shares by a director

Release Date: 30/03/2022 08:52
Code(s): KIO     PDF:  
Wrap Text
Acceptance of award of forfeitable shares by a director

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


In terms of the JSE Limited Listings Requirements, the following information is disclosed pursuant to the grant and acceptance of forfeitable shares in
terms of the Rules of the Company’s Bonus and Retention Plan (“BRP”):

Director:                        Themba Moyeni Mkhwanazi
Company:                         Kumba Iron Ore Limited
Grant date:                      1 March 2022
Acceptance date:                 30 March 2022
Nature of transaction:           Off market grant and acceptance of forfeitable shares
Class of securities:             Ordinary shares
Number of shares:                13,841
                                 (Awarded in his capacity as Chief Executive Officer for the 2021 financial year and based on his 2021 performance
                                 incentive as per the approved policy. 33.33% of the shares vest after 2 years and the remaining 66.67% vest after 3
                                 years from grant date provided that the director remains in the employ of the Anglo American plc group of companies)
Award price per share*:          R628.88
Value of transaction:            R8,704,328.08
Nature of interest:              Direct beneficial
Clearance obtained:              Yes

* Award price per share is based on a 3-day VWAP ended 24 February 2022 of a Kumba share. The highest and lowest prices traded for Kumba shares
over each day were as follows:

Date                             Highest price          Lowest price
                                 per share              per share

22 February 2022                 R676.00                R627.92
23 February 2022                 R663.57                R639.95
24 February 2022                 R636.00                R592.50

30 March 2022

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:

Company Secretary
Fazila Patel
Tel: +27 12 683 7060
Mobile: +27 83 297 2293

Investors                                                                   Media
Penny Himlok                                                                Sinah Phochana                                    
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 around the
globe including in China, Japan, South Korea and a number of countries in Europe and the Middle East.

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, with a broad range of future development options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our
business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our
customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking,
and nickel – with crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable
Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust
as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring 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.

Date: 30-03-2022 08:52:00
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