Kumba’s Chief Financial Officer to step down 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’s Chief Financial Officer to step down Kumba announces that Frikkie Kotzee, Chief Financial Officer and executive director of the Company, has decided to step down from his role after five years. Mr Kotzee engaged with the Kumba Board in December 2016 to indicate his preference to step down during the course of 2017, once a number of major strategic and financial deliverables had been completed. In order to ensure a smooth transition, Frikkie has agreed to remain with the Company until Kumba’s Annual General Meeting on 11 May 2017. Fani Titi, Chairman of Kumba said: “The Board thanks Frikkie for his invaluable contribution and leadership over the past five years. We have valued his integrity and unwavering commitment to the highest levels of governance and excellence. We wish Frikkie the best in his future endeavours.” Themba Mkhwanazi, Chief Executive, added: “Frikkie has played a crucial leadership role in ensuring Kumba’s financial sustainability during trying times. He will be missed as a valued member of the executive team.” Frikkie Kotzee commented: “I would like to thank Kumba for what has been an excellent opportunity to serve as CFO. It has been very rewarding professionally and I have had the privilege of working with an exceptional board and management team. After five years and with a strengthened balance sheet and a major restructuring of the business successfully executed, I believe the time is right for me to step down.” The Kumba Board will now begin a search process of internal and external candidates to identify a successor. This announcement is made in accordance with paragraph 3.59 of the JSE Listings Requirements. Centurion 14 February 2017 For further information, please contact: Media Investor Relations: Yvonne Mfolo Nerina Bodasing Executive Head: Corporate Affairs Head: Investor Relations Tele: +27 83 469 4566 Tele: +27 82 940 7505 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14/02/2017 07:06:00 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.