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KUMBA IRON ORE LIMITED - Trading statement for the six months ending 30 June 2019

Release Date: 14/05/2019 09:00
Code(s): KIO     PDF:  
Wrap Text
Trading statement for the six months ending 30 June 2019

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
("Kumba" or "the Company")

Trading statement for the six months ending 30 June 2019

Kumba’s interim results for the six months ending 30 June 2019 ("the period") will be released on the
Johannesburg Stock Exchange News Service ("SENS") on 23 July 2019.

In terms of the JSE Limited Listings Requirements ("the Listings Requirements"), companies are required to
publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the
financial results for the next period to be reported on, are expected to differ by at least 20% from those of the
previous corresponding reporting period, released on SENS on 24 July 2018 ("the comparative period").

Relative to the comparative period, Kumba is expected to deliver a stronger financial performance, underpinned
by higher average iron ore export prices and a weaker average Rand/US Dollar exchange rate. Headline
earnings and basic earnings for the period are expected to increase by at least R4,763 million and R4,708
million (at least 160%), respectively, from the comparative period. Headline earnings per share ("HEPS") and
earnings per share ("EPS") are expected to increase by at least R14.90 and R14.73 (at least 160%),
respectively, from the comparative period.

Reported headline earnings and basic earnings for the comparative period were R2,977 million and R2,943
million, while reported HEPS and EPS for the comparative period were R9.31 and R9.21, respectively.

The forecast financial information on which this trading statement is based has not been reviewed and reported
on by the Company’s external auditors. Kumba’s interim results for the period may be further affected by actual
trading conditions in the remainder of the 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 as required by the Listings Requirements.

Centurion
14 May 2019

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

For further information, please contact:

Company Secretary
Ms Celeste Appollis
celeste.appollis@angloamerican.com
Tel: +27 683 7063
Mobile: +27 82 941 7535

Investors                                                 Media

Penny Himlok                                              Sinah Phochana
penny.himlok@angloamerican.com                            sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                                      Tel: +27 12 683 7019
Mobile: +27 82 781 1888                                   Mobile: +27 76 066 0655


Notes to editors:

Anglo American is a leading global mining company and our products are the essential ingredients in almost
every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped
resources provides the metals and minerals that enable a cleaner, more electrified world and that meet the
fast growing consumer-driven demands of the world’s developed and maturing economies. With our people
at the heart of our business, we use innovative practices and the latest technologies to discover new
resources and mine, process, move and market our products to our customers around the world – safely,
responsibly and sustainably.

As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron ore, coal and
nickel – we are the custodians of what are precious natural resources. We work together with our business
partners and diverse stakeholders to unlock the sustainable value that those resources represent for our
shareholders, the communities and countries in which we operate, and for society as a whole. Anglo American
is re-imagining mining to improve people’s lives.
www.angloamerican.com

Date: 14/05/2019 09:00:00 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.

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