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Statement regarding the rejection by Anglo American of BHP’s latest proposal

Published: 2024-05-13 18:30:25 ET

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
(“Kumba”)


Statement regarding the rejection by Anglo American of BHP’s latest proposal

Shareholders are referred to the announcements made by Kumba on 25 April 2024 and 26 April 2024, respectively, regarding
BHP's proposed offer to acquire Anglo American plc (“Anglo American”).

The Board of Kumba notes the announcement made earlier today by Anglo American confirming that it had received a further
proposal by BHP on 7 May 2024 to acquire Anglo American. The latest BHP proposal contained different terms however retained
the previous structure which required a demerger of Anglo American's interests in Anglo American Platinum and Kumba. This
proposal has been rejected by the Anglo American board.

A copy of the announcement by Anglo American rejecting BHP's latest proposal can be accessed on the Anglo American website
at: https://www.angloamerican.com/possible-offer-disclaimer

Johannesburg
13 May 2024

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

For further information, please contact:


Company secretary
Fazila Patel
Fazila.patel@angloamerican.com
Tel: +27 12 683 7060
Mobile: +27 83 297 2293

Investors                                                Media
Penny Himlok                                             Sinah Phochana
penny.himlok@angloamerican.com                           sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                                     Tel: +27 12 683 7019
Mobile: +27 82 781 1888                                  Mobile: +27 76 066 0655




Notes to editors:
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high-quality iron ore
to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape
Province. Kumba exports iron ore to customers around the globe including in China, Japan, South Korea, and a number of
countries in Europe and the Middle East.
www.angloamericankumba.com

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of
modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides
many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing
every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the
latest technologies to discover new resources and to mine, process, move and market our products to our customers – safely
and sustainably.

As a responsible producer of copper, nickel, platinum group metals, diamonds (through De Beers), and premium quality iron ore
and steelmaking coal – with crop nutrients in development – we are committed to being carbon neutral across our operations
by 2040.

More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy
environment, creating thriving communities and building trust as a corporate leader. We work together with our business
partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities
and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to
improve people’s lives.
www.angloamerican.com

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.