In terms of paragraph 3.72 of the Johannesburg Stock Exchange Listings
Requirements please be advised that non-executive chairman, Mr HJ Smith has
traded in the company's shares as follows:
As Mr Hans Smith has relinquished his executive responsibilities at Kumba
Resources Limited and at Iscor Limited, he is required to exit the
Management Share Incentive Scheme ("the scheme").
In order to exit the scheme and to settle the outstanding debt for the
shares purchased in terms of the rules of the scheme, Mr Smith has sold 1
025 000 shares in Iscor Limited, comprising of the scheme shares and
privately owned shares, at R5,80 per share, as well as his dividend shares
held in Kumba Resources Limited at R27,60 per share, on 28 November 2001.
The board of directors of Kumba Resources was informed of Mr Smith's
intention to sell on 28 November 2001 and he advised the board of directors
of Iscor Limited of this transaction on 29 November 2001.
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