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KIO - Kumba Iron Ore Limited - High court decision in relation to the

Release Date: 11/05/2012 11:40
Code(s): KIO
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KIO - Kumba Iron Ore Limited - High court decision in relation to the application for leave to appeal by Imperial Crown Trading 289 (Pty) Ltd and the department of mineral resources 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") HIGH COURT DECISION IN RELATION TO THE APPLICATION FOR LEAVE TO APPEAL BY IMPERIAL CROWN TRADING 289 (PTY) LTD AND THE DEPARTMENT OF MINERAL RESOURCES Shareholders were advised on 15 December 2011 that the North Gauteng High Court ruled that, when the Department of Mineral Resources effected a conversion of Sishen Iron Ore Company (Pty) Ltd`s ("SIOC") old order mining right in 2008, SIOC was granted the exclusive right to mine at the Sishen Mine and, accordingly, no other party may be granted the right to mine iron ore or quartzite at the Sishen Mine. The High Court also reviewed and set aside the grant of the prospecting right to Imperial Crown Trading 289 (Pty) Ltd ("ICT"). Each of ICT and the Department of Mineral Resources have separately applied to the North Gauteng High Court for leave to appeal against the judgment and the application was heard by the North Gauteng High Court today. SIOC applied for conditional leave to cross appeal against the judgment. ArcelorMittal South Africa Ltd ("AMSA") opposed the applications for leave to appeal. The High Court has granted both the Department of Mineral Resources and ICT leave to appeal against its judgment to the Supreme Court of Appeal. The High Court also granted SIOC leave to conditionally cross appeal against the judgment. Accordingly, the appeals will be heard by the Supreme Court of Appeal in terms of the rules of the Supreme Court of Appeal. Shareholders will be informed of any further material developments in this regard. Pretoria For further information please contact: Anne Dunn Tel.: +27 (0)11 502 7404 / +27 (0)82 448 2684 11 May 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited Date: 11/05/2012 11:40:01 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.

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