Company Directors Report

COMPANY: KUMBA IRON ORE LIMITED

-The primariy analysis is in USD. Remuneration is also shown in ZAR to accurately reflect felt increases.

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CEO Biography - USD:

Year End:Director Surname:Director Name:Director Gender:Full Year on Board?:Full year in position?:
2008 Griffith Chris I Male Yes Yes
2009 Griffith Chris I Male Yes Yes
2010 Griffith Chris I Male Yes Yes
2011 Griffith Chris I Male Yes Yes
2012 Mbazima Norman B Male No No
2012 Griffith Chris I Male No No
2013 Mbazima Norman B Male Yes Yes
2014 Mbazima Norman B Male Yes Yes
2015 Mbazima Norman B Male Yes Yes
2016 Mbazima Norman B Male No No
2016 Mkhwanazi Themba Male No No
2017 Mkhwanazi Themba Male Yes Yes
2018 Mbazima Norman B Male No No
2018 Mkhwanazi Themba Male No No
2019 Mkhwanazi Themba Male Yes Yes
2020 Mkhwanazi Themba Male Yes Yes
2021 Mkhwanazi Themba Male Yes Yes
2022 Mkhwanazi Themba Male Yes Yes
2022 Zikalala ND Female No No

CEO Remuneration - USD:

Financial Year:Salary:Benefits:Cash BonusOther:Total Annual:LTI Payment:Total Including LTI:
2008 158,125 15,938 0 10,625 184,688 0 184,688
2009 411,333 46,000 99,467 29,600 586,400 0 586,400
2010 540,766 67,031 280,711 0 888,509 0 888,509
2011 591,274 194,875 283,102 0 1,069,252 84,425 1,153,677
2012 667,195 85,122 300,122 0 1,052,439 369,390 1,421,829
2013 767,292 108,854 364,792 0 1,240,938 200,625 1,441,563
2014 746,260 86,888 326,131 0 1,159,280 176,547 1,335,826
2015 700,784 100,705 315,596 0 1,117,085 56,348 1,173,433
2016 666,788 54,288 456,686 0 1,177,762 136,991 1,314,753
2017 518,263 17,440 332,260 2,695 870,659 712,949 1,583,608
2018 551,111 21,250 432,639 201,250 1,206,250 7,863,403 9,069,653
2019 573,418 18,363 367,819 193,195 1,152,796 2,465,456 3,618,252
2020 640,295 18,036 472,075 290,312 1,420,717 1,104,459 2,525,176
2021 622,129 17,559 547,800 65,454 1,252,942 1,028,070 2,281,012
2022 461,815 62,116 279,523 67,447 870,900 1,240,178 2,111,079

Executive Director Remuneration - USD:

Financial Year:No. of EDs:Total Salary:Cash BonusOther:Total Annual:
2008 2 418,021 556,979 209,010 278,490
2009 2 780,800 1,190,533 390,400 595,267
2010 2 1,010,913 1,661,303 505,457 830,652
2011 2 1,076,593 1,840,443 538,296 920,222
2012 3 890,122 1,390,366 296,707 463,455
2013 2 1,122,604 1,802,083 561,302 901,042
2014 2 1,104,986 1,693,998 552,493 846,999
2015 2 1,034,248 1,597,257 517,124 798,629
2016 3 972,166 1,870,058 324,055 623,353
2017 4 692,585 1,133,975 173,146 283,494
2018 4 808,056 1,590,625 202,014 397,656
2019 2 880,466 1,601,344 440,233 800,672
2020 2 991,217 1,917,399 495,608 958,699
2021 2 980,804 1,784,631 490,402 892,315
2022 3 809,132 1,326,226 269,711 442,075

Non-Executive Director Remuneration - USD:

Financial Year:No. of NEDs:Total Fees:Average Fees
2008 9 272,500 30,278
2009 8 425,467 53,183
2010 10 667,845 66,785
2011 8 542,659 67,832
2012 11 501,585 45,599
2013 10 499,375 49,938
2014 9 409,695 45,522
2015 10 451,646 45,165
2016 9 463,663 51,518
2017 14 494,424 35,316
2018 11 583,125 53,011
2019 12 521,239 43,437
2020 10 550,453 55,045
2021 10 520,926 52,093
2022 9 513,037 57,004

CEO Remuneration - ZAR:

Financial Year:Salary:Benefits:Cash BonusOtherTotal AnnualLTI PaymentTotal Including LTI
2008 1,518,000 153,000 0 102,000 1,773,000 0 1,773,000
2009 3,085,000 345,000 746,000 222,000 4,398,000 0 4,398,000
2010 3,953,000 490,000 2,052,000 0 6,495,000 0 6,495,000
2011 4,269,000 1,407,000 2,044,000 0 7,720,000 609,546 8,329,546
2012 5,471,000 698,000 2,461,000 0 8,630,000 3,029,000 11,659,000
2013 7,366,000 1,045,000 3,502,000 0 11,913,000 1,926,000 13,839,000
2014 8,082,000 941,000 3,532,000 0 12,555,000 1,912,000 14,467,000
2015 8,942,000 1,285,000 4,027,000 0 14,254,000 719,000 14,973,000
2016 9,175,000 747,000 6,284,000 0 16,206,000 1,885,000 18,091,000
2017 6,924,000 233,000 4,439,000 36,000 11,632,000 9,525,000 21,157,000
2018 7,936,000 306,000 6,230,000 2,898,000 17,370,000 113,233,000 130,603,000
2019 8,275,000 265,000 5,308,000 2,788,000 16,636,000 35,579,000 52,215,000
2020 9,550,000 269,000 7,041,000 4,330,000 21,190,000 16,473,000 37,663,000
2021 9,885,000 279,000 8,704,000 1,040,000 19,908,000 16,335,000 36,243,000
2022 7,970,000 1,072,000 4,824,000 1,164,000 15,030,000 21,403,000 36,433,000

Executive Director Remuneration - ZAR:

Financial Year:No. of EDs:Total Salary:Total Annual RemunerationAverage SalaryAverage Remuneration
2008 2 4,013,000 5,347,000 2,006,500 2,673,500
2009 2 5,856,000 8,929,000 2,928,000 4,464,500
2010 2 7,150,000 11,750,000 3,575,000 5,875,000
2011 2 7,773,000 13,288,000 3,886,500 6,644,000
2012 3 7,299,000 11,401,000 2,433,000 3,800,333
2013 2 10,777,000 17,300,000 5,388,500 8,650,000
2014 2 11,967,000 18,346,000 5,983,500 9,173,000
2015 2 13,197,000 20,381,000 6,598,500 10,190,500
2016 3 13,377,000 25,732,000 4,459,000 8,577,333
2017 4 9,300,000 15,221,000 2,325,000 3,805,250
2018 4 11,636,000 22,905,000 2,909,000 5,726,250
2019 2 12,706,000 23,109,000 6,353,000 11,554,500
2020 2 14,784,000 28,598,000 7,392,000 14,299,000
2021 2 15,584,000 28,356,000 7,792,000 14,178,000
2022 3 13,964,000 22,888,000 4,654,667 7,629,333