KUMBA IRON ORE LIMITED - Trading statement for the six months ended 30 June 2016

Trading statement for the six months ended 30 June 2016

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 SIX MONTHS ENDED 30 JUNE 2016
Shareholders are advised that Kumba is currently finalising
its interim financial results for the six months ended 30 June
2016 (“the period”), which will be released on the Stock
Exchange News Service (“SENS”) on 26 July 2016.

In accordance with paragraph 3.4 (b) of the JSE Limited
Listings Requirements, shareholders are advised that headline
earnings for the period is likely to be between R2,875 million
and R3,090 million, with basic earnings for the period
expected to be between R2,840 million and R3,055 million.
Headline earnings per share (“HEPS”) is likely to be between
R8.95 and R9.65, representing an increase of between 14% and
23% from HEPS reported for the six months ended 30 June 2015
(“the comparative period”). Basic earnings per share (“EPS”)
is expected to be between R8.85 and R9.55, representing an
increase of between 13% and 22% from EPS reported for the
comparative period.

Reported headline earnings and basic earnings for the
comparative period (released on SENS on 21 July 2015) were
R2,519 million and R2,508 million respectively, while reported
HEPS and EPS for the comparative period were R7.85 and R7.82
respectively.

The expected increase in earnings is largely attributable to
the derecognition of a deferred tax asset of R617 million in
the comparative period. Normalised EPS, excluding this item,
is likely to be between R8.95 and R9.65, representing a
decrease of between 1% and 8% from the normalised EPS for the
comparative period of R9.78.

More information will be provided in the Company’s results to
be released on SENS on 26 July 2016.

The financial information, on which this trading statement is
based, has not been reviewed or reported on by the group’s
external auditors.

Pretoria
14 July 2016

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

Date: 14/07/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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