Trading statement for the twelve months ending 31 December 2014 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 ENDING 31 DECEMBER 2014 Kumba’s results for the twelve months ending 31 December 2014 ("the period") will be released on SENS on 10 February 2015. Both headline earnings and basic earnings for the period are likely to be at least R3,089 million (20%) lower than the previous 12 months ended 31 December 2013. Headline earnings and basic earnings reported for the 12 months ended 31 December 2013 (as released on SENS on 11 February 2014) ("the comparative period") were R15,443 million and R15,446 million respectively, while headline earnings per share (“HEPS”) and earnings per share (“EPS”) reported for the comparative period were R48.08 and R48.09 respectively. The decrease in earnings is largely attributable to a significant decrease in export iron ore prices, partially offset by a weaker exchange rate during the period. In this regard, both HEPS and EPS are also likely to be at least R9.62/share (20%) lower than those of the comparative period. Shareholders are advised that a further trading statement will be issued in due course to provide forecast ranges for HEPS and EPS as required by the JSE Listing requirements. 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 5 November 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 05/11/2014 10:09:00 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.