Kumba and unions conclude a three-year wage agreement 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”) KUMBA AND UNIONS CONCLUDE A THREE-YEAR WAGE AGREEMENT Kumba is pleased to announce that it has signed a three-year wage agreement for the bargaining category employees with its recognised unions with bargaining rights, being the National Union of Mineworkers (NUM), Solidarity, and the Association of Mineworkers and Construction Union (AMCU). The agreement represents a differentiated annual salary increase of 10% for the lower level categories and 7% for the higher level categories. The agreement is effective from 1 July 2017 until 30 June 2020. Negotiations began on 15 May 2017, culminating in the conclusion of the agreement on 25 August 2017. Themba Mkhwanazi, CEO of Kumba, said: “We would like to thank the unions for the constructive way in which they approached the negotiations. While robust and challenging, this demonstrates that the bargaining system is sound and capable of delivering negotiated agreements that take the needs and priorities of all parties into consideration.” Centurion 28 August 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) For further information, please contact: Media Investors Yvonne Mfolo Anne Dunn yvonne.mfolo2@angloamerican.com anne.dunn@vodamail.co.za Tel: +27 12 683 7067 Mobile: +27 82 448 2684 Mobile: +27 83 469 4566 Date: 28/08/2017 04:17:00 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.