Kumba Resources Limited - Kumba Appoints `Newco To23 Feb 2006
Kumba Resources Limited - Kumba Appoints `Newco" Top Management                 
Kumba Resources Limited                                                         
Incorporated in the Republic of South Africa                                    
(Registration Number:  2000/011076/06)                                          
Share Code:  KMB                                                                
ISIN:  ZAE000034310                                                             
KUMBA APPOINTS `NEWCO" TOP MANAGEMENT                                           
Kumba Resources Limited (Kumba) has announced that the company"s current chief  
executive officer, Dr Con Fauconnier, will remain as the chief executive officer
of the yet-to-be-named Newco, which will be a revised listing of Kumba on the   
JSE Limited by mid-2006 as part of Kumba"s empowerment transaction announced in 
October 2005.                                                                   
The empowerment transaction will involve the unbundling of Kumba into two       
separately listed entities, namely Newco and Kumba Iron Ore Limited.            
Con will remain as the chief executive officer for a period of 12 months, from  
the date of Newco"s listing. He will be succeeded as chief executive officer by 
Sipho Nkosi, current chief executive officer (CEO) of Eyesizwe Coal. During the 
12 month period, Sipho will be chief executive officer (designate).             
The Kumba Board"s decision regarding the chief executive officer and chief      
executive officer (designate) appointments is based on providing Sipho with an  
effective handover period; Con"s desire to retire at the end of the period; and 
continuity and a transitional period for the new executive team.                
As part of the transition process, Charles Meintjes, Kumba"s current executive  
director, corporate services, has decided to pursue his own interests. However, 
Charles will continue to oversee the implementation of the empowerment          
transaction as well as the transition and integration processes until year end. 
Other top management team positions include Dirk van Staden as chief financial  
officer (CFO); Mike Kilbride as chief operating officer (COO); Dr Humphrey Mathe
as executive general manager, corporate services; Trevor Arran as executive     
general manager, corporate affairs and investor relations; and Marie Viljoen as 
group company secretary. The position of executive general manager, human       
resources, will be filled in due course.                                        
Newco Top Management - Brief biographies are as follows:                        
Dr Con Fauconnier: Pr Eng (Int), BSc (Eng)(Mining), BSc (Hons)(Eng), MSc (Eng), 
DEng (Pretoria), MBA (Oregon), DSc (hc) (Free State); Strategic Leadership      
Programme (Oxford), Senior Executive Finance Programme (Oxford). Con has spent  
his entire career in the mining industry and has been chief executive of Kumba  
since it was listed in 2001. Prior to this he was managing director of Iscor    
Mining from February 1999 and deputy managing director of Iscor Mining and a    
member of the Board of Iscor Limited since 1997. Con worked for the Anglo       
American Corporation, Gencor (Billiton) and JCI Limited prior to joining Iscor  
in 1995 as general manager business development. Other management positions held
include chief executive of the Coal and Base Metals Division of JCI Limited, and
senior manager in the Technical Services Division of Gencor Limited. Con is an  
executive director of Kumba Resources and also serves on various Boards of      
subsidiaries of the company. In 2004 and 2005 he served as president of the     
Chamber of Mines of South Africa.                                               
Sipho Nkosi: BCom, BCom (Hons)(Econ), MBA, Diploma in Marketing Management.     
Sipho is a founding member of Eyesizwe and has a depth of experience in the     
energy and coal sectors both locally and internationally. Prior to forming      
Eyesizwe, he was country manager of ABB Alstom Power (SA), having previously    
worked with Anglo Coal (Amcoal) and Ingwe (Billiton). He was export-marketing   
coordinator in the international marketing division of Amcoal from 1986 to1991. 
In 1992 Sipho joined Ingwe as the marketing manager responsible for             
international coal marketing                                                    
He sits on a number of boards including Kumba, the Canadian mining company Great
Basin Gold, and African Life Insurance where he is chairman. In addition, he    
sits on the board of Richards Bay Coal Terminal (RBCT) and is currently         
chairperson of the collieries committee of the Chamber of Mines of South Africa.
Dirk van Staden: BJuris, LLB, Advanced Management Programme (Insead). Dirk has  
26 years" experience in finance, 11 of these in the mining industry. He has been
executive director, finance, and an executive director of Kumba, since it was   
listed in 2001 and also serves on various boards of subsidiaries of the company.
Dirk was General Manager with responsibility for foreign and domestic treasury  
operations and project finance at the IDC, before he joined Iscor in 1997 as    
General Manager, Corporate Treasury. He has also served as a director of Export 
Credit Insurance Corporation of South Africa Limited.                           
Mike Kilbride: BSc (Hons)(Min Eng)(RSM), Senior Executive Programme (London     
Business School). Mike has 28 years" experience in mining. Mike is a fellow of  
SAIMM and an associate of the Royal School of Mines. He has been executive      
director, business operations, and an executive director of Kumba, since it was 
listed in 2001 and also serves on various boards of subsidiaries of the company.
After completing his degree, Mike joined Anglo American (gold division) and     
subsequently joined Iscor at the end of 1978.  He has served Iscor Mining in    
various senior capacities in both, operations and strategic business units,     
prior to the unbundling of Iscor Mining from Iscor.                             
Dr Humphrey Mathe: PhD (Geology), MSc (Mineral Exploration), BSc                
(Hons)(Geology). Humphrey has more than 30 years" experience in the mineral     
exploration and mining industries and he has also lectured in economic geology  
and structural geology at the University of Zululand. He is currently operations
director for Eyesizwe Coal. Prior to this he headed Eyesizwe Coal"s technical   
and new business development division until 2003, and a consulting geologist at 
the company since joining it in 2001.                                           
Humphrey has worked as a chief exploration geologist for West Rand Consolidated 
Mines Limited and for Harmony Gold. He has also worked for Gencor as senior     
exploration geologist and Aurora Exploration and Development as a project       
manager in the feasibility study of the Goldridge deposit.                      
He is currently a non-executive director of the South African Diamond Board,    
Ferret Mining, Mafube Colliery and the Witwatersrand Consolidated Gold Resources
(Pty) Limited and the Investment Committee member of the New Africa Mining Fund.
He is a Fellow of the Geological Society of South Africa and is registered as a 
professional natural scientist with the South African Council for Natural       
Scientific Professions.                                                         
Trevor Arran: BSc (Geology), BSc (Hons)(Econ Geology), Advanced Management      
Programme (GIBS-UP), BEP, Dip Project Management. Trevor is currently Kumba"s   
general manager, corporate affairs and investor relations, incorporating the    
company"s sustainable development department.  He also serves on various boards 
of subsidiaries of the company.  Prior to joining Kumba in late 2002, he has    
previously worked as a Mining Analyst at JPMorgan Equities and has also been    
employed by Gold Fields of South Africa (Mineral Economics and New Business),   
BHP Diamonds, Anglo American and De Beers.  He has a wide ranging mining        
background supplemented by financial experience gained in the equity markets and
investment banking                                                              
Marie Viljoen: Marie has 20 years" experience in the company secretariat field  
and has been Kumba"s company secretary since it was listed in 2001.  Previously 
Marie has been employed by Safair, Fedfood Ltd and the Bidvest Group.           
Kumba Iron Ore                                                                  
In January 2006 Kumba announced the appointment of Ras Myburgh as CEO           
(designate) of Kumba Iron Ore and general manager of Sishen Iron Ore Company    
from February 2006. Fergus Marupen, currently Kumba Resources general manger for
human resources, will be appointed as general manager, human resources          
(designate) at Kumba Iron Ore                                                   
Kumba Iron Ore - Brief biographies are as follows:                              
Ras Myburgh: BEng (Elec); BSc (Hons) (Energy Studies); MBA; EDP. Prior to his   
appointment as Kumba Iron Ore"s chief executive officer (designate), Ras was    
Kumba Resources general manager responsible for transformation and empowerment, 
having played a major role in restructuring the company. He chairs the board of 
directors of two Kumba subsidiaries, and has served on the board of directors of
Sishen Iron Ore Company since June 2004.  Other prior Kumba positions include   
general manager of Kumba Coal and general manager responsible for continuous    
Fergus Marupen: BA (Hons Psych); BEd; MDip (HR); MBA; Advance Management        
Programme. Fergus joined Iscor in 1994 as personnel officer-in-training and was 
appointed general manager human resources at Kumba ten years later.             
Editor"s Note:                                                                  
Kumba Resources Limited, one of the largest South African-based mining companies
listed on the JSE Securities Exchange, is a focused metals and mining company   
with a diverse commodity portfolio consisting of iron ore, heavy minerals, coal,
base metals and industrial minerals.  www.kumbaresources.com                    
Kumba"s empowerment transaction will establish Newco as South Africa"s flagship 
empowerment mining company with an enterprise value of approximately R16 billion
- this will be South Africa"s largest black-owned, controlled and managed       
company. Newco will be controlled by broad-based BEE groups via BEE Holdco, the 
black controlled holding company holding 55% of Newco. Women"s groups will hold 
a 17.8% effective and fully funded interest in BEE Holdco.                      
Trevor Arran                                                                    
General Manager: Corporate Affairs & Investor Relations                         
Tel: +27 (0) 12 307 3292                                                        
Mobile: +27 (0) 83 609 1444                                                     
Sponsor: J.P.Morgan Equities Limited                                            
Date: 23/02/2006 02:00:07 PM Produced by the JSE SENS Department