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KIO - Kumba Iron Ore Limited - Trading statement for the twelve months ended 31

Release Date: 17/01/2011 08:07
Code(s): KIO
Wrap Text

KIO - Kumba Iron Ore Limited - Trading statement for the twelve months ended 31 December 2010 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 TWELVE MONTHS ENDED 31 DECEMBER 2010 Kumba is currently finalising its results for the twelve months ended 31 December 2010 ("the period"), which will be released on SENS on or about 10 February 2011. Shareholders are advised that earnings and headline earnings are likely to be between R14,000 million and R14,400 million, with headline earnings per share ("HEPS") and earnings per share ("EPS") being between R43.65 and R44.90. Headline earnings and basic earnings reported for the financial results for the twelve months ended 31 December 2009 (as restated in the interim results for the 6 months ended 30 June 2010, released on SENS on 22 July 2010) ("the comparative period") were R6,972 million and R6,992 million respectively while HEPS and EPS reported for the comparative period were R21.87 and R21.94 respectively. The increase in earnings is attributable primarily to increases in export iron ore prices and sales volumes in the period. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company`s external auditors. Pretoria 17 January 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 17/01/2011 08:07:02 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.

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