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Johannesburg, Saturday 6 July 2013. De Beers Consolidated Mines (DBCM) and the National Union of Mineworkers (NUM) signed the De Beers/NUM 2013 wage agreement early yesterday evening. The terms of settlement apply to jobs in the A, B and lower C band bargaining unit. The employees in these jobs will receive a nine per cent (9%) increase effective from May 2013 and for a one year duration. Mining operations continued without interruption at all three of De Beers’ South African diamond mines.

The Company and Union also agreed to phase out the few (25) remaining A Band positions which still exist at the Kimberley Mines operation and at the DTC in Kimberley.

The Union and the Company committed to engage around housing matters and to develop mechanisms which effectively promote home ownership for employees in the ‘Housing Gap market’. This will assist employees who fall between the Government RDP housing schemes and the formal home-loan market. DBCM does not operate hostels.

De Beers Consolidated Mines employs approximately 2550 people working on three mines in South Africa; namely Kimberley, Venetia and Voorspoed, and in various support services. The NUM represent 1300 employees who fill the Bargaining Unit positions on those operations.

Ends

Contact:

Wayne Smerdon

Head Employee Relations

De Beers Consolidated Mines

+27(83)3885603

Tom Tweedy

Head Communications

De Beers, South Africa

+27(83)3080083