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Acceptance of a share award by the Chief Financial Officer Designate
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)
ACCEPTANCE OF A SHARE AWARD BY THE CHIEF FINANCIAL OFFICER DESIGNATE
On 20 June 2025, Kumba announced the appointment of Xolani Mbambo as Chief Financial Officer (CFO) with effect from 1 January 2026. Kumba has
voluntarily disclosed the following acceptance by the CFO Designate of a share award to compensate for the unvested Grindrod shares he is forfeiting.
In terms of the JSE Limited Listings Requirements, the following information is disclosed pursuant to the grant and acceptance of forfeitable shares in terms of
the Rules of the Company's Bonus and Retention Plan:
Company: Kumba Iron Ore Limited
Date of transaction: 15 December 2025
Class of securities: Ordinary shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Name of CFO Designate: Xolani Frederick Mbambo
Nature of transaction: Off market acceptance of forfeitable share awards
Number of shares: 184,280
(the shares will vest over a 5-year period from 1 March 2026 to 1 March 2030)
Award price per share:* R333.205736
Value of transaction: R61,403,153.00
*Award price per share is based on a 5-day VWAP ended 28 November 2025 of a Kumba share. The highest and lowest prices traded for Kumba shares over
each day were as follows:
Date Highest price per share Lowest price per share
24 November 2025 385.00 376.06
25 November 2025 376.00 357.50
26 November 2025 366.98 352.89
27 November 2025 376.29 363.32
28 November 2025 371.82 361.53
Johannesburg
15 December 2025
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Company secretary
Fazila Patel
fazila.patel@angloamerican.com
Mobile: +27 83 297 2293
Investors Media
Penny Himlok Melangini Pillay
penny.himlok@angloamerican.com melangini.pillay@angloamerican.com
Mobile: +27 82 781 1888 Mobile: +27 76 959 2019
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 around the globe
including in China, Japan, South Korea and a number of countries in Europe and the Middle East.
www.angloamericankumba.com
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling
products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and
outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive
major demand growth trends.
Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we
mine, process, move and market our products to our customers – safely, efficiently and responsibly. Our Sustainable Mining Plan commits us to a series of
stretching goals over different time horizons to ensure we contribute to a healthy environment, create thriving communities and build trust as a corporate
leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for our shareholders,
for the benefit of 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.
Anglo American is currently implementing a number of major structural changes to unlock the inherent value in its portfolio and thereby accelerate delivery of
its strategic priorities of Operational excellence, Portfolio simplification, and Growth. This portfolio transformation is focusing Anglo American on its world-
class resource asset base in copper, premium iron ore and crop nutrients – with the sale of our steelmaking coal and nickel businesses agreed, the demerger of
our PGMs business (Anglo American Platinum) completed, and the separation of our iconic diamond business (De Beers) to follow.
www.angloamerican.com
Date: 15-12-2025 05:00:00
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