Trading statement for the six months ending 30 June 2017 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 ENDING 30 JUNE 2017 Shareholders are advised that Kumba’s results for the six months ending 30 June 2017 ("the period") will be released on the Stock Exchange News Service (“SENS”) on 25 July 2017. In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements, shareholders are further advised that both headline earnings and basic earnings for the period are likely to be at least R602 million (20%) higher than reported headline earnings and basic earnings for the prior comparative 6 months ended 30 June 2016 (“the comparative period”). Reported headline earnings and basic earnings for the six months ended 30 June 2016 (as released on SENS on 26 July 2016) were R3,009 million and R2,974 million respectively, while reported headline earnings per share (“HEPS”) and earnings per share (“EPS”) for the comparative period were R9.41 and R9.30 respectively. The expected increase in earnings is largely attributable to an increase in export iron ore prices during the period. In this regard, HEPS and EPS are also likely to be at least R1.88 and at least R1.86 per share higher (at least 20% higher), respectively, than reported HEPS and EPS for the comparative period. A further trading statement will be released as soon as the Company has reasonable certainty on the expected HEPS and EPS ranges for the period. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. Pretoria 11 May 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 11/05/2017 12:05:00 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.