Kumba's results for the six months ending 30 June 2015 ("the period") will be released on SENS on 21 July 2015. Both headline earnings and basic earnings for the period are likely to be at least R1,302 million (20%) lower than the previous 6 months ended 30 June 2014 ("the comparative period").

Headline earnings and basic earnings reported for the comparative period (as released on SENS on 22 July 2014) were R6,505 million and R6,511 million respectively, while headline earnings per share ("HEPS") and earnings per share ("EPS") reported for the comparative period were R20.28 and R20.30 respectively.

The decrease in earnings is primarily attributable to the significant decrease in export iron ore prices during the period.

In this regard, both HEPS and EPS are also likely to be at least R4.06 (20%) lower than those of the comparative period. Shareholders are advised that a further trading statement will be issued in due course to provide forecast ranges for HEPS and EPS as required by the JSE Limited Listings requirements.

The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company's external auditors.

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