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ANGLO AMERICAN PLC - Anglo American plc notification: Kumba Iron Ore Limited year end results 2015

Release Date: 09/02/2016 09:00
Code(s): AGL     PDF:  
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Anglo American plc notification: Kumba Iron Ore Limited year end results 2015

Anglo American plc
(Incorporated in England and Wales)
(Registration number: 3564138)
Registered office: 20 Carlton House Terrace, London, SW1Y 5AN
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM
(“Anglo American")


Anglo American plc notification:
Kumba Iron Ore Limited year end results 2015

Anglo American wishes to draw attention to Kumba Iron Ore Limited’s announcement of its
results for the year ended 31 December 2015. Kumba Iron Ore Limited reported Headline
earnings of R3,792 million (2014: R11,006 million).

Anglo American will report underlying earnings in respect of Kumba Iron Ore Limited of
$238 million for the year ended 31 December 2015, which takes into account certain
adjustments.

                                                                                           Year ended    Year ended
                                                                                             31.12.15      31.12.14
$ million

Kumba Headline earnings (See Note 1)                                                              304         1,011
Kumba Envision Trust (See Note 1)                                                                  19            20
One-off tax charge                                                                                 82             -
Restructuring costs                                                                                 2             -
Other adjustments                                                                                  (1)           (4)
                                                                                                   406        1,027

Non-controlling interests                                                                        (126)         (309)
Exploration                                                                                         7            12
Elimination of intercompany interest                                                               (1)           10
Depreciation of assets fair valued on acquisition                                                  (8)           (7)
Corporate cost allocation                                                                         (40)          (40)

Contribution to Anglo American underlying earnings                                                238           693

(Note 1)These items are included in Headline earnings but are special items so are excluded from Anglo American underlying
earnings.

Anglo American will report results for the year ended 31 December 2015 on 16 February 2016.
The above figures are unaudited.

Underlying earnings

Underlying earnings is profit attributable to equity shareholders before special items and remeasurements,
and is therefore presented after net finance costs, income tax and non-controlling interests. Special items
are those items of financial performance that the Group believes should be separately disclosed to assist
in the understanding of the underlying financial performance achieved by the Group.

Special items that relate to the operating performance of the Group are classified as operating special
items and principally include impairment charges and restructuring costs. Non-operating special items
include costs in relation to closure of operations, profits and losses on disposal of investments and
businesses as well as certain adjustments relating to business combinations.

9 February 2016

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

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