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KUMBA IRON ORE LIMITED - Grant And Acceptance Of Share Options By Directors, Company Secretary, And Directors Of A Major Subsidiary

Release Date: 11/03/2013 10:16
Code(s): KIO     PDF:  
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Grant And Acceptance Of Share Options By Directors, Company Secretary, And Directors Of A Major Subsidiary

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")

GRANT AND ACCEPTANCE OF SHARE OPTIONS BY DIRECTORS, COMPANY
SECRETARY, AND DIRECTORS OF A MAJOR SUBSIDIARY

In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the
JSE Limited, the following information is disclosed:

Director                   :   Norman Mbazima
Company                    :   Kumba Iron Ore Limited
Grant date                 :   08 March 2013
Acceptance date            :   08 March 2013
Nature of transaction      :   Off market grant and acceptance of
                               bonus shares in terms of the Kumba
                               bonus share plan (“BSP”)
Class of securities        :   Ordinary shares
Number of bonus shares     :   7,488
Price per share            :   R550.68
Value of transaction       :   R4,123,491.84
Vesting period             :   Bonus shares vest after three years in
                               terms of the Kumba BSP
Nature of interest         :   Direct beneficial
Clearance obtained         :   Yes

Director                   :   Norman Mbazima
Company                    :   Kumba Iron Ore Limited
Grant date                 :   01 March 2013
Acceptance date            :   08 March 2013
Nature of transaction      :   Off market grant and acceptance of Long
                               Term Incentive Plan (“LTIP”) options
Class of securities        :   Ordinary shares
Number of options          :   19,874
Option strike price        :   R550.68 per share
Value of transaction       :   R10,944,214.32
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
Director                   :   Frikkie Kotzee
Company                    :   Kumba Iron Ore Limited
Grant date                 :   01 March 2013
Acceptance date            :   08 March 2013
Nature of transaction      :   Off market grant and acceptance of
                               bonus shares in terms of the Kumba
                               bonus share plan (“BSP”)
Class of securities        :   Ordinary shares
Number of bonus shares     :   1,817
Price per share            :   R550.68
Value of transaction       :   R1,011,170.56
Vesting period             :   Bonus shares vest after three years in
                               terms of the Kumba BSP
Nature of interest         :   Direct beneficial
Clearance obtained         :   Yes

Director                   :   Frikkie Kotzee
Company                    :   Kumba Iron Ore Limited
Grant date                 :   01 March 2013
Acceptance date            :   08 March 2013
Nature of transaction      :   Off market grant and acceptance of Long
                               Term Incentive Plan (“LTIP”) options
Class of securities        :   Ordinary shares
Number of options          :   6,002
Option strike price        :   R550.68 per share
Value of transaction       :   R3,305,181.36
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


Company Secretary          :   Vusani Malie
Company                    :   Kumba Iron Ore Limited
Grant date                 :   01 March 2013
Acceptance date            :   08 March 2032
Nature of transaction      :   Off market grant and acceptance of
                               bonus shares in terms of the Kumba
                               BSP
Class of securities        :   Ordinary shares
Number of bonus shares     :   2,486
Price per share            :   R550.68
Value of transaction       :   R1,368,990.48
Vesting period             :   Bonus shares vest after three years in
                               terms of the Kumba BSP
Nature of interest         :   Direct beneficial
Clearance obtained         :   Yes

DIRECTORS OF A MAJOR SUBSIDIARY

Director                   :   Christo Van Loggerenberg
Company                    :   Sishen Iron Ore Company (Pty) Ltd
Grant date                 :   01 March 2013
Acceptance date            :   08 March 2013
Nature of transaction      :   Off market grant and acceptance of
                               bonus shares in terms of the Kumba BSP
Class of securities        :   Ordinary shares
Number of bonus shares     :   4,718
Price per share            :   R550.68
Value of transaction       :   R2,598,108.24
Vesting period             :   Bonus shares vest after three years in
                               terms of the Kumba BSP
Nature of interest         :   Direct beneficial
Clearance obtained         :   Yes

Director                   :   Francois Louw
Company                    :   Sishen Iron Ore Company (Pty) Ltd
Grant date                 :   01 March 2013
Acceptance date            :   08 March 2013
Nature of transaction      :   Off market grant and acceptance of
                               bonus shares in terms of the Kumba BSP
Class of securities        :   Ordinary shares
Number of bonus shares     :   4,693
Price per share            :   R550.68
Value of transaction       :   R2,584,341.24
Vesting period             :   Bonus shares vest after three years in
                               terms of the Kumba BSP
Nature of interest         :   Direct beneficial
Clearance obtained         :   Yes

Director                   :   Aart van den Brink
Company                    :   Sishen Iron Ore Company (Pty) Ltd
Grant date                 :   01 March 2013
Acceptance date            :   08 March 2013
Nature of transaction      :   Off market grant and acceptance of
                               bonus shares in terms of the Kumba BSP
Class of securities        :   Ordinary shares
Number of bonus shares     :   3,652
Price per share            :   R550.68
Value of transaction       :   R2,011,083.36
Vesting period             :   Bonus shares vest after three years in
                               terms of the Kumba BSP
Nature of interest         :   Direct beneficial
Clearance obtained         :   Yes
11 March 2013

For enquiries contact:
Mr VF Malie
Company Secretary
Kumba Iron Ore Limited
Tel: (012) 683 7060

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

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