Commentary

Reporting period

Kumba Iron Ore Limited (Kumba) began trading on the JSE Limited in November 2006, following its unbundling from Exxaro Resources Limited
(Exxaro).

Where reference is made to the 12-month period from 1 January 2006 to 31 December 2006, readers are advised that this supplementary information has been prepared from financial information reported by Exxaro and is unaudited and is provided purely for comparison purposes.

Introduction

2007 marks the first full year of Kumba as a pure-play iron ore business listed on the main board of the JSE Limited and saw the Kumba share price close at R285 per share, up 156% for the year. The year heralded record production of 32,4 million tonnes (Mt), strong financial results and the commencement of production of the 13 million tonnes per annum (Mtpa) Sishen Expansion Project (SEP), jig plant.

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