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KIO - Kumba Iron Ore Limited - Proceedings in relation to the residual Sishen Mine Mineral Rights 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") PROCEEDINGS IN RELATION TO THE RESIDUAL SISHEN MINE MINERAL RIGHTS Shareholders were advised on 26 February 2010 that, on 5 February 2010, Kumba informed ArcelorMittal South Africa Limited ("Mittal") that, as a result of Mittal`s failure to convert its old order mining rights in relation to an undivided 21.4% interest in the Sishen Mine into new order mining rights in terms of the relevant provisions of the Mineral and Petroleum Resources Development Act ("MPRDA"), Mittal is no longer entitled to receive 6.25mtpa of iron ore contract mined by Kumba`s subsidiary, Sishen Iron Ore Company (Pty) Ltd ("SIOC"), at cost plus 3%. Shareholders were further advised on 17 March 2010 that: - As a result of Mittal`s failure to convert the old order mining right, SIOC had applied for a mining right in relation to the residual 21.4%; - In February 2010, SIOC was informed that an undivided prospecting right had been granted to Imperial Crown Trading 289 (Pty) Ltd ("Imperial Crown Trading") in relation to 21.4% of the Sishen Mine; and - On 1 March 2010, SIOC lodged an appeal with the Department of Mineral Resources ("DMR") against the grant of the prospecting right to Imperial Crown Trading. This appeal process remains ongoing. SIOC has engaged with relevant stakeholders in relation to the grant of a prospecting right to Imperial Crown Trading and is continuing to do so. Shareholders are now advised that, in order to protect its interests and to avoid prescription, SIOC initiated a review application in the North Gauteng High Court on 21 May 2010 in relation to the decision of the DMR to grant a prospecting right to Imperial Crown Trading. This review application does not detract from SIOC`s continued engagement with relevant stakeholders, with a view to finding an amicable resolution of this matter as soon as possible. 24 May 2010 Pretoria For further information please contact: Anne Dunn Tel.: +27 (0)11 502 7404 / +27 (0)82 448 2684 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/05/2010 08:59:01 Supplied by www.sharenet.co.za 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.
