KUMBA IRON ORE LIMITED - Grant and acceptance of share options by a director

Grant and acceptance of share options 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”)

GRANT AND ACCEPTANCE OF SHARE OPTIONS BY A DIRECTOR

In terms of the Listings Requirements of the JSE Limited, the following information is disclosed:

Director:                                                Themba Moyeni Mkhwanazi
Company:                                                 Kumba Iron Ore Limited
Grant date:                                              29 June 2017
Acceptance date:                                         30 June 2017
Nature of transaction:                                   Off market grant and acceptance of
                                                         bonus shares in terms of the Kumba Deferred
                                                         Bonus Arrangement (“DBA”)
Class of securities:                                     Ordinary shares
Number of bonus shares:                                  7,756
Average price per share:*                                R158.47
Value of transaction:                                    R1,229,093.30
Vesting period:                                          Bonus shares will vest as follows:
                                                         1 March 2020: 5,171 shares
                                                         1 March 2022: 2,585 shares
Nature of interest:                                      Direct beneficial
Clearance obtained:                                      Yes

*Average purchase price is based on transactions effected by the company over a period of 3 days.
The highest and lowest for each day were as follows:

Date                        Highest price        Lowest price
29 May 2017                 R160.54              R155.00
30 May 2017                 R164.89              R157.52
31 May 2017                 R159.60              R154.95

Director:                                                Themba Moyeni Mkhwanazi
Company:                                                 Kumba Iron Ore Limited
Grant date:                                              29 June 2017
Acceptance date:                                         30 June 2017
Nature of transaction:                                   Off market grant and acceptance of
                                                         Long Term Incentive Plan (“LTIP”) options
Class of securities:                                     Ordinary shares
Number of options:                                       43,748
Grant price**:                                           R211.79
Value of transaction:                                    R9,265,388.92
Vesting period:                                          Share options vest after three years on
                                                         certain performance criteria being met in
                                                         terms of the Kumba LTIP
Nature of interest:                                      Direct beneficial
Clearance obtained:                                      Yes

** Award price per share is based on 3-day VWAP ended 16 February 2017.


3 July 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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