Kumba Iron Ore: Operational guidance and Anglo American investor update 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”) Kumba Iron Ore: Operational guidance and Anglo American investor update Kumba refers shareholders to the Anglo American plc (“Anglo American”) briefing today for investors and analysts which includes Kumba’s updated production guidance for the next three years. The production guidance has been reduced from the previous announcement released by Kumba on 12 November 2019. This follows an assessment of the impact on production from reduced domestic offtake volumes due to the winding down of ArcelorMittal SA Limited’s Saldanha Steel operations. The volume guidance is on a dry basis and is subject to rail and port performance. Total production (Mt) guidance 2019F: 42-43 (unchanged) 2020F: 42-43 (previously 43-44) 2021F: 42-43 (previously 43-44) 2022F: 42-43 (previously 43-44) The cost guidance is as follows: Unit cost (FOB$/t) guidance 2019F: ~33 2020F: ~36 The update will available at 11:00 UK time / 13:00 SA time on the Anglo American website: https://www.angloamerican.com/investors/investor-presentations/2019.aspx. This announcement contains forward-looking statements which are based on the Company’s current beliefs and expectations about future events. The operational and financial forecasts provided in this announcement are estimates and have not been reviewed and reported on by the Company’s external auditors. Centurion 10 December 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) For further information, please contact: Acting Company Secretary Ms Isabella Crafford isabella.crafford@angloamerican.com Tel: +27 679 2209 Mobile: +27 74 889 9355 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: Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers in a range of geographical locations around the globe including China, Japan, Korea and a number of countries in Europe and the Middle East. www.angloamericankumba.com 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: 10-12-2019 01:00:00 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.