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KUMBA IRON ORE LIMITED - Report on proceedings at the annual general meeting

Release Date: 07/08/2020 17:05
Code(s): KIO     PDF:  
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Report on proceedings at the annual general meeting

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")

REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING

Kumba held its fourteenth (14th) annual general meeting (“AGM” or “the meeting”) of shareholders today, 7 August 2020. All the ordinary and special resolutions proposed
at the meeting were approved by the requisite majority of votes.

The audited annual financial statements of the Company, and of the Kumba group, including the reports of the directors, external auditors, audit committee and the social,
ethics and transformation committee for the financial year ended 31 December 2019 were presented.

Kumba confirms the voting statistics from the AGM as follows:

                                                                                        Votes cast disclosed as a
                                                                                        percentage in relation to                  Shares voted            Shares abstained
                                                                                       the total number of shares                  disclosed as a          disclosed as a
Resolutions                                                                               voted at the meeting                     percentage in           percentage in
                                                                                                                                   relation to the total   relation to the total
                                                                                                                  Number of        issued share            issued share
                                                                                       For          Against       shares voted     capital*                capital*
Ordinary resolution number 1: Appointment of PriceWaterhouseCoopers as
independent auditors and Mr Sizwe Masondo as individual designated auditor             100%         0.00%         299,289,306      92.92%                  0.01%
Ordinary Resolution Number 2.1 - To re-elect Dr Mandla Gantsho as a director of
the Company                                                                            98.73%       1.27%         299,289,155      92.92%                  0.01%
Ordinary Resolution Number 2.2 - To re-elect Mr Seamus French as a director of
the Company                                                                            96.82%       3.18%         299,288,700      92.92%                  0.01%
Ordinary Resolution Number 2.3 - To re-elect Mr Sango Ntsaluba as a director of 
the Company                                                                            98.27%       1.73%         299,289,200      92.92%                  0.01%
Ordinary Resolution Number 2.4 – To elect Mr Duncan Wanblad as a director of the
Company                                                                                99.90%       0.10%         299,289,203      92.92%                  0.01%
Ordinary Resolution Number 2.5 – To elect Mrs Michelle Jenkins as a director of 
the Company                                                                            99.93%       0.07%         299,289,158      92.92%                  0.01%
Ordinary Resolution Number 3.1 - Election of Mr Sango Ntsaluba as a member of
the Audit Committee                                                                    98.43%       1.57%         299,289,200      92.92%                  0.01%
Ordinary Resolution Number 3.2 - Election of Mr Terence Goodlace as a member of
the Audit Committee                                                                    99.94%       0.06%         299,289,203      92.92%                  0.01%
Ordinary Resolution Number 3.3 - Election of Mrs Mary Bomela as a member of the
Audit Committee                                                                        99.89%       0.11%         299,289,155      92.92%                  0.01%
Ordinary Resolution Number 3.4 - Election of Mrs Michelle Jenkins as a member of
the Audit Committee                                                                    100%         0.00%         299,289,203      92.92%                  0.01%
Ordinary Resolution Number 4.1 - Approval of the remuneration policy and its
implementation by way of a non-binding advisory vote                                   99.07%       0.93%         299,279,468      92.92%                  0.01%
Ordinary Resolution Number 4.2 - Approval of the implementation of the 
remuneration policy and its implementation by way of a non-binding advisory vote       93.09%       6.91%         298,245,205      92.60%                  0.33%
Ordinary Resolution Number 5 - General authority for directors to allot and issue
ordinary shares                                                                        99.74%       0.26%         299,289,143      92.92%                  0.01%
Ordinary Resolution Number 6 - Authorisation to sign documents to give effect to
resolutions                                                                            100%         0.00%         299,286,033      92.92%                  0.01%
Special Resolution Number 1 - General authority to issue shares for cash               99.75%       0.25%         299,288,114      92.92%                  0.01%
Special Resolution Number 2 - Remuneration payable to Non-Executive Directors          99.82%       0.18%         299,280,929      92.92%                  0.01%
Special Resolution Number 3 - Approval for the granting of financial assistance in
terms of Sections 44 and 45 of the Companies Act No. 71 of 2008                        99.98%       0.02%         299,288,074      92.92%                  0.01%
Special Resolution Number 4 - General authority to repurchase shares                   99.55%       0.45%         299,250,748      92.91%                  0.02%

*Total issued share capital is 322 085 974.

The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

Centurion
7 August 2020

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

For further information, please contact:

Company Secretary
Ms Fazila Patel
fazila.patel@angloamerican.com
Tel: +27 683 7060
Mobile: +27 83 297 2293
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 operations, development projects and undeveloped resources, provides many of the metals and minerals that enable a cleaner, greener, more sustainable world
and that meet the fast growing consumer-driven demands of developed and maturing economies. With our people at the heart of our business, we use innovative practices
and the latest technologies to mine, process, move and market our products to our customers – and to discover new resources – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel – with
crop nutrients in development and thermal coal operations planned for divestment – we are committed to being carbon neutral across our operations by 2040. We work
together with our business partners and diverse stakeholders to unlock sustainable value from precious natural resources for the benefit of the communities and countries in
which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com

Date: 07-08-2020 05:05:00
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