KUMBA IRON ORE LIMITED - Kumba and unions conclude a three-year wage agreement

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

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