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KUMBA IRON ORE LIMITED - Correction: Dealing in Securities

Release Date: 10/03/2015 15:43
Code(s): KIO     PDF:  
Wrap Text
Correction: Dealing in Securities

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")

CORRECTION: DEALING IN SECURITIES

Shareholders are requested to ignore the previous announcement due to an error. The correct details
are provided below.

In terms of the Listings Requirements of the JSE Limited, the following information is disclosed:

GRANT AND ACCEPTANCE OF SECURITIES UNDER THE COMPANY'S BONUS SHARE PLAN

Name of director:                                    NB Mbazima (Executive Director)
Name of company:                                     Kumba Iron Ore Limited
Nature of transaction:                               Off-market grant and acceptance of Bonus Share
                                                     Awards under the Company's Bonus Share Plan,
                                                     vesting in 2018
Date of transaction:                                 6th March 2015
Award price:                                         R227.26
Class of securities:                                 Bonus share awards in respect of ordinary shares
Number of Bonus Shares:                              23 315
Total transaction value:                             R5 298 566.90
Nature and extent of interest:                       Direct Beneficial
Clearance obtained:                                  Yes

Name of director:                                    FT Kotzee (Executive Director)
Name of company:                                     Kumba Iron Ore Limited
Nature of transaction:                               Off-market grant and acceptance of Bonus Share
                                                     Awards under the Company's Bonus Share Plan,
                                                     vesting in 2018
Date of transaction:                                 6th March 2015
Award price:                                         R227.26
Class of securities:                                 Bonus share award in respect of ordinary shares
Number of Bonus Shares:                              9 342
Total transaction value:                             R2 123 062.92
Nature and extent of interest:                       Direct Beneficial
Clearance obtained:                                  Yes

Name:                                                A Parboosing (Company Secretary)
Name of company:                                     Kumba Iron Ore Limited
Nature of transaction:                               Off-market grant and acceptance of Bonus Share
                                                     Awards under the Company's Bonus Share Plan,
                                                     vesting in 2018
Date of transaction:                                 6th March 2015
Award price:                                         R227.26
Class of securities:                                 Bonus Share Awards in respect of ordinary shares
Number of Bonus Shares:                              1 217
Total transaction value:                             R276 575.42
Nature and extent of interest:                       Direct Beneficial
Clearance obtained:                                  Yes

Name of director:                                    B Mawasha (Director of Subsidiary)
Name of company:                                     Sishen Iron Ore Company (Pty) Ltd
Date of transaction:                                 6th March 2015
Price per security:                                  R227.26
Class of securities:                                 Ordinary shares
Number of securities:                                10 335
Total transaction value:                             R2 348 732.10
Nature of transaction:                               Off-market grant and acceptance of Bonus Share
                                                     Awards under the Company's Bonus Share Plan,
                                                     vesting in 2018
Nature and extent of the interest of the director:   Direct Beneficial
Clearance to deal:                                   Yes

Name of director:                                    SV Tyobeka (Director of Subsidiary)
Name of company:                                     Sishen Iron Ore Company (Pty) Ltd
Date of transaction:                                 6th March 2015
Price per security:                                  R227.26
Class of securities:                                 Ordinary shares
Number of securities:                                4 756
Total transaction value:                             R1 080 848.56
Nature of transaction:                               Off-market grant and acceptance of Bonus Share
                                                     Awards under the Company's Bonus Share Plan,
                                                     vesting in 2018
Nature and extent of the interest of the director:   Direct Beneficial
Clearance to deal:                                   Yes


ACCEPTANCE OF RIGHTS TO PARTICIPATE IN LONG TERM SHARE INCENTIVE PLAN

On 10th March 2015, Executive Directors of Kumba accepted rights to participate in the Company's Long
Term Incentive Plan. Conditional share plan awards made in terms of the rules of the Long Term
Incentive Plan are off market and are subject to specified performance conditions measured over a
period of three years, i.e. 2015 to 2017, and will vest if such conditions are met at the end of the three
year performance period. The allocations below have been approved by the Remuneration Committee of
the Company.

Name of director:                                        NB Mbazima (Executive Director)
Name of company:                                         Kumba Iron Ore Limited
Conditional award:                                       54 409
Deemed value based on grant date price of R188.19        R10 239 229.71
Nature of interest:                                      Direct Beneficial

Name of director:                                        FT Kotzee (Executive Director)
Name of company:                                         Kumba Iron Ore Limited
Conditional award:                                       16 819
Deemed value based on grant date price of R188.19        R3 165 167.61
Nature of interest:                                      Direct Beneficial

ALLOCATION OF SHARES TO DIRECTORS OF A MAJOR SUBSIDIARY OF KUMBA UNDER THE COMPANY'S FORFEITABLE SHARE PLAN

Name of director:                                B Mawasha
Name of company:                                 Sishen Iron Ore Company (Pty) Ltd
Nature of transaction:                           Off-market grant and acceptance of Share
                                                 Awards under the Company's Forfeitable Share
                                                 Plan, vesting in 2018
Date of transaction:                             6th March 2015
Allocation price:                                R227.26
Class of securities:                             Forfeitable Shares in respect of ordinary shares
Number of Forfeitable Shares:                    8 854
Total transaction value:                         R2 012 160.14
Nature and extent of interest:                   Direct Beneficial
Clearance obtained:                              Yes

Name of director:                                Ms SV Tyobeka
Name of company:                                 Sishen Iron Ore Company (Pty) Ltd
Nature of transaction:                           Off-market grant and acceptance of Share
                                                 Awards under the Company's Forfeitable Share
                                                 Plan, vesting in 2018
Date of transaction:                             6th March 2015
Allocation price:                                R227.26
Class of securities:                             Forfeitable Shares in respect of ordinary shares
Number of Forfeitable Shares:                    3 911
Total transaction value:                         R888 813.86
Nature and extent of interest:                   Direct Beneficial
Clearance obtained:                              Yes

Centurion
10th March 2015

For enquiries contact:
Avanthi Parboosing
Company Secretary
Kumba Iron Ore Limited
Tel: (012) 683 7095

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

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