KUMBA IRON ORE LIMITED - Production and sales report for the quarter ended 31 December 2014

Production and sales report for the quarter ended 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”)

Kumba Iron Ore Limited production and sales report for the quarter ended 31 December 2014

Kumba Iron Ore Limited (“Kumba”) today released its production and sales report for the quarter
ended 31 December 2014. Throughout this report, production and sales volumes referred to are
100% of Sishen Iron Ore Company Proprietary Limited (“SIOC”), and attributable to shareholders of
Kumba as well as the non-controlling interests in SIOC.

Overview:
- Total production increased by 10% compared to Q4 2013 and decreased by 4% compared to the
  previous quarter to 12.4 Mt in line with the production plan.
- Strong performance at Kolomela mine continued with 2.7 Mt produced for the quarter, in line with
  Q4 2013 and down by 19% compared to the previous quarter’s record performance in line with
  the production plan.
- Total export sales volumes increased by 23% to 11.7 Mt compared to Q4 2013 and by 29%
  compared to the previous quarter.

Unaudited production summary

                                        Quarter         % change     Quarter   % change                       % change
‘000 tonnes                                              Q4 2014                Q4 2014                         FY14
                               Q4 2014        Q4 2013       vs       Q3 2014      vs       FY14       FY13        vs
                                                         Q4 2013                Q3 2014                          FY13
Total                           12,432         11,286       10       12,972      (4)      48,197    42,373        14
- Sishen mine                    9,286          8,395       11        9,260       -       35,541    30,938        15
   DMS plant                     5,909          5,778        2        6,019      (2)      22,911    20,374        12
   Jig plant                     3,377          2,617       29        3,241       4       12,630    10,564        20
- Kolomela mine                  2,728          2,740        -        3,379     (19)      11,568    10,809         7
- Thabazimbi mine                 418             151       176         333       25       1,088       626        74



Unaudited sales summary
                                         Quarter        % change     Quarter   % change                       % change
‘000 tonnes                                              Q4 2014                Q4 2014                         FY14
                              Q4 2014      Q4 2013          vs       Q3 2014      vs          FY14      FY13     vs
                                                         Q4 2013                Q3 2014                         FY13
Total                          12,601       10,836         16         10,188       24       45,288    43,708       4
- Export sales                 11,699        9,530         23          9,059       29       40,468    39,076       4
- Domestic sales                  902        1,306        (31)         1,129      (20)       4,820     4,632       4
   Sishen mine                    551        1,118        (51)           818      (33)       3,853     3,927      (2)
   Thabazimbi mine                351          188         87            311       13          967       705      37


Sishen mine produced 9.3 Mt, an increase of 11% compared to Q4 2013 and in line with the previous
quarter. Waste removal increased by 20% to 50 million tonnes. Total waste mined for 2014 was 187
million tonnes, up 12% compared to the prior year. While this is below the previously announced 2014
target of 220 million tonnes, the redesign of the western pushbacks of the pit, in conjunction with
increased vertical rate of advance and current waste removal run rates means sufficient ore has been
exposed to support the 2015 production target of 36 million tonnes.

Kolomela mine continued to perform strongly, producing 2.7 Mt for the quarter, in line with Q4 2013
and down 19 % on the record production of the previous quarter.

Production at Thabazimbi mine more than doubled compared to Q4 2013 and increased by 25%
compared to the previous quarter, to 0.4 Mt.

Total export sales volumes of 11.7 Mt increased by 23% compared to Q4 2013 and by 29% compared
to the previous quarter, partly as a result of shipments through Saldanha’s Multi-Purpose Terminal.

Domestic sales volumes of 0.9 Mt decreased by 31% compared to Q4 2013 and by 20% compared to
the previous quarter.

Total finished product stockpile levels were 6.5 Mt as at 31 December 2014 compared to 2.9 Mt as at
31 December 2013 and 6.5 Mt as at 30 September 2014.

For further information, please contact:

Media                                                 Investors and analysts
Gert Schoeman                                         Anne Dunn
Tel: +27 (0)12 683 7019                               Tel: +27 (0)82 448 2684


Centurion
28 January 2015

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

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