ANGLO AMERICAN PLC - Anglo American plc notification: Kumba Iron Ore Limited interim results 2016

Anglo American plc notification: Kumba Iron Ore Limited interim results 2016

Anglo American plc
(Incorporated in England and Wales)
(Registration number: 3564138)
Registered office: 20 Carlton House Terrace, London, SW1Y 5AN
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM
(“Anglo American)

Anglo American plc notification:
Kumba Iron Ore Limited interim results 2016

Anglo American wishes to draw attention to Kumba Iron Ore Limited’s announcement of its
results for the six months ended 30 June 2016. Kumba Iron Ore Limited reported headline
earnings of R3,009 million.

Anglo American will report underlying earnings in respect of Kumba Iron Ore Limited of
$143 million for the six months ended 30 June 2016, which takes into account certain
adjustments.


                                                                                                  6 months           6 months       Year
                                                                                                     ended              ended      ended
$ million                                                                                         30.06.16           30.06.15   31.12.15

Headline earnings                                                                                      198                213        304
Kumba Envision Trust(1)                                                                                 11                 11         19
One-off tax charges(1)                                                                                  11                 68         82
Restructuring costs(1)                                                                                  13                  -          2
Other adjustments                                                                                      (6)                (1)        (1)
                                                                                                       227                291        406

Non-controlling interests                                                                             (69)                (88)      (126)
Exploration                                                                                              1                   4         7
Elimination of intercompany interest                                                                   (2)                   3        (1)
Depreciation of assets fair valued on acquisition                                                        -                 (4)        (8)
Corporate cost allocation                                                                             (14)                (14)       (40)

Contribution to Anglo American underlying earnings                                                     143                 192        238

(1)These items are included in Headline earnings but are special items so are excluded from Anglo American underlying earnings.

Anglo American will report results for the six months ended 30 June 2016 on 28 July 2016.
The above figures are unaudited.

Underlying earnings
Underlying earnings is profit attributable to equity shareholders before special items and remeasurements,
and is therefore presented after net finance costs, income tax and non-controlling interests. Special items
are those items of financial performance that the Group believes should be separately disclosed to assist
in the understanding of the underlying financial performance achieved by the Group.

Special items that relate to the operating performance of the Group are classified as operating special
items and principally include impairment charges and restructuring costs. Non-operating special items
include costs in relation to closure of operations, profits and losses on disposal of investments and
businesses as well as certain adjustments relating to business combinations. Remeasurements include
adjustments to ensure that the unrealised gains or losses on financial assets and liabilities are recorded in
underlying earnings in the same year as the underlying transaction for which the instruments provide the
economic hedge.

26 July 2016

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

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