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Wed 31 Mar 2004, 17:54 TRANSFER OF SHARES TO A DIRECTOR OF A MAJOR SUB
KUMBA RESOURCES LIMITED - TRANSFER OF SHARES TO A DIRECTOR OF A MAJOR SUBSIDIARY
  OF KUMBA IN TERMS OF THE KUMBA RESOURCES MANAGEMENT SHARE SCHEME                
  KUMBA RESOURCES LIMITED                                                         
  Incorporated in the Republic of South Africa                                    
  (Registration Number:  2000/011076/06)                                          
  Share Code:  KMB                                                                
  ISIN Number:  ZAE000034310                                                      
  ("Kumba")                                                                       
  News release                                                                    
  TRANSFER OF SHARES TO A DIRECTOR OF A MAJOR SUBSIDIARY OF KUMBA IN TERMS OF THE 
  KUMBA RESOURCES MANAGEMENT SHARE SCHEME                                         
  ("the Scheme")                                                                  
  In terms of the JSE Listings Requirement 3.63 notice is hereby given that a     
  number of shares have been released in terms of the rules of the scheme, as     
  follows:                                                                        
  Name of director                   :WF VAN HEERDEN                              
  Date of transaction                :29/03/2004                                  
  Number of shares                   :15,000                                      
  Option strike price                :R 10.00                                     
  Option strike date                 :23/03/1998                                  
  Periods of exercise and/or vesting :9 years                                     
  Class of securities                :Ordinary                                    
  Nature of transaction              :Paid-up Scheme - paid-up shares released    
  Nature of interest                 :Beneficial                                  
  31 March 2004                                                                   
  MS VILJOEN                                                                      
  COMPANY SECRETARY                                                               
  KUMBA RESOURCES LIMITED                                                         
  Sponsor                                                                         
  JPMorgan                                                                        
  Date: 31/03/2004 05:25:03 PM Produced by the JSE SENS Department
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