| Mon 13 May 2024, 17:30 | | KUMBA IRON ORE LIMITED - Statement regarding the rejection by Anglo American of BHP’s latest proposal |
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Statement regarding the rejection by Anglo American of BHP’s latest proposal
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")
Statement regarding the rejection by Anglo American of BHP's latest proposal
Shareholders are referred to the announcements made by Kumba on 25 April 2024 and 26 April 2024, respectively, regarding
BHP's proposed offer to acquire Anglo American plc ("Anglo American").
The Board of Kumba notes the announcement made earlier today by Anglo American confirming that it had received a further
proposal by BHP on 7 May 2024 to acquire Anglo American. The latest BHP proposal contained different terms however retained
the previous structure which required a demerger of Anglo American's interests in Anglo American Platinum and Kumba. This
proposal has been rejected by the Anglo American board.
A copy of the announcement by Anglo American rejecting BHP's latest proposal can be accessed on the Anglo American website
at: https://www.angloamerican.com/possible-offer-disclaimer
Johannesburg
13 May 2024
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Company secretary
Fazila Patel
Fazila.patel@angloamerican.com
Tel: +27 12 683 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 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 and our products are the essential ingredients in almost every aspect of
modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides
many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing
every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the
latest technologies to discover new resources and to mine, process, move and market our products to our customers – safely
and sustainably.
As a responsible producer of copper, nickel, platinum group metals, diamonds (through De Beers), and premium quality iron ore
and steelmaking coal – with crop nutrients in development – we are committed to being carbon neutral across our operations
by 2040.
More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy
environment, creating thriving communities and building trust as a corporate leader. We work together with our business
partners and diverse stakeholders to unlock enduring 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: 13-05-2024 05:30:00
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