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Highlights from the provisional audited annual financial results

"Kumba delivered a resilient financial performance in a year characterised by a volatile macro environment, lower iron ore prices, and logistics, cost, and operational challenges. Despite market volatility, demand for our high-grade iron ore helped us realise an average price of US$113 per wet metric tonnes (wmt), 13% above benchmark prices, while achieving an adjusted earnings before interest, tax, depreciation and amortisation* (EBITDA) of R37.3 billion and headline earnings of R56.19 per share.

"Sadly we suffered a fatality on 13 February 2023 at Kolomela Mine. There were no level 3-5 environmental incidents or fatalities in 2022, and we are committed to retaining a relentless focus on sustainability and safety.

"As ever, we are committed to creating enduring stakeholder value and paid over R8.9 billion in taxes to the fiscus while employing 79% of our staff from the Northern Cape.

"We are pleased to declare a final 2022 dividend of R5.2 billion bringing Kumba's total shareholder dividends to R14.5 billion, while our empowerment partners will also receive total dividends of R4.7 billion for the year."

KUMBA IRON ORE LIMITED

Extracts from the provisional audited annual results for

Safety and sustainability focus

Over six years of fatality-free production to end of 2022

Zero new cases of occupational diseases

Over seven years without any level 3-5 environmental incidents

R63.3 billion of shared value created

Resilient financial performance

Average realised FOB export price of

US$113/wmt

13% above benchmark

Cost savings of R1.1 billion,

R5.2 billion saved since 2018

Resilient adjusted EBITDA1 margin of 50% down from 63%

Closing net cash1 of R9.3 billion

Balanced capital allocation

Attributable free cash flow1 of

R10.4 billion, 66% lower

Final cash dividend of R16.30 per share, total cash dividends of R45.00 per share

ROCE of 76%, down from 147%

* Adjusted EBITDA represents net operating profit before deducting interest, tax, depreciation, amortisation and impairment charges or reversals.

1 This constitutes pro forma financial information in terms of the Listings Requirements of the JSE Limited and should be read in conjunction with basis of preparation report in the full annual results announcement.

for the year ended 31 December

Earnings per share

for the year ended 31 December

Salient features and operating statistics

for the year ended 31 December

At its Board meeting on 20 February 2023, the directors approved a gross final cash dividend of 1,630 cents per share on the ordinary shares from profits accrued during the year ended 31 December 2022. This is comprised of a gross base dividend of 1,500 cents per share and a gross top-up dividend of 130 cents per share. The dividend has been declared from income reserves.

The dividend will be subject to a dividend withholding tax of 20% for all shareholders who are not exempt from or do not qualify for a reduced rate of withholding tax. The net dividend payable to shareholders, subject to withholding tax at a rate of 20% amounts to 1,304 cents per share, comprised of a net base dividend of 1,200 cents per share and net top-up dividend of 104 cents per share.

The issued share capital at the declaration date is 322,085,974 ordinary shares.

The salient dates are as follows:

Share certificates may not be dematerialised or rematerialised between Wednesday, 15 March 2023 and Friday, 17 March 2023, both days inclusive. Any change of address or dividend instructions must be provided by the last day for trading.

Kumba Iron Ore Limited is a member of the Anglo American plc group

Registration number: 2005/015852/06

JSE share code: KIO ISIN: ZAE000085346

Directors

Non-executive: TP Goodlace (British/South African) (Chairman), A Jeawon, MA Jenkins, NB Langa-Royds, TM Mkhwanazi,

1. Ntsaluba, BP Sonjica, MJ Tsele, DG Wanblad
   Executive: ND Zikalala (Chief Executive),
   BA Mazarura (Zimbabwean) (Chief Financial Officer)

Registered office: 144 Oxford Road, Rosebank, Melrose, 2196 South Africa

Transfer Secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue Rosebank, 2196 South Africa

Private Bag X9000, Saxonwold, 2132

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

the period ended 31 December 2022

This unaudited short form announcement is the responsibility of the directors of the Company. The information disclosed is only a summary of the information in the full audited announcement and does not contain full or complete details.

The full annual results announcement should be considered for any investment decisions. The full annual results announcement for Kumba has been released on SENS and is available for viewing at https://senspdf.jse.co.za/

documents/2023/JSE/ISSE/KIO/KumbaFY22.pdf and is available on the Company's website www.angloamericankumba.com/investors/financial- results-centre.aspx.

The full results announcement is also available for inspection at the Company's registered office during normal business hours and is available at no charge. Alternatively, copies of the full announcement may be requested

from the Company's investor relations department

(https://www.angloamericankumba.com/investors/ shareholdercommunication).

The consolidated and Company annual financial statements were audited by PricewaterhouseCoopers Inc. who issued an unmodified audit opinion on these financial statements. Their audit opinion, together with the accompanying financial statements, can be viewed on the Company's website www.angloamericankumba.com/investors/financial- results-centre.aspx which also provides more details on the key audit matters on pages 15 to 17 of the annual financial statements, being the impairment assessment on the Kolomela asset and the valuation of inventories.

Any reference to future financial performance included in this announcement has not been audited or reported on by the Company's external auditors.

21 February 2023

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www.angloamericankumba.com