| 1 | AFRICAN MANAGEMENT LIMITED | 71,310,512 | 17.33 |
| 2 | ARCELORMITTAL S.A. | 67,081,519 | 16.31 |
| 3 | M & G INVESTMENT MANAGEMENT LTD | 39,906,022 | 9.70 |
| 4 | BLACKROCK INVESTMENT MANAGEMENT (UK) | 34,612,720 | 8.41 |
| 5 | SOUTH AFRICAN COAL LIMITED | 12,200,000 | 2.97 |
| 6 | CAPITAL RESEARCH GLOBAL INVESTORS | 10,000,000 | 2.43 |
| 7 | JPMORGAN ASSET MANAGEMENT U.K. LIMITED | 8,974,451 | 2.18 |
| 8 | GLOBAL COAL MANAGEMENT PLC | 8,100,000 | 1.97 |
| 9 | FIDELITY (INSTITUTIONAL GROUP) | 7,849,700 | 1.91 |
| 10 | WESTOZ FUNDS MANAGEMENT PTY LTD | 6,858,662 | 1.67 |
| 11 | RAB CAPITAL PLC | 6,500,000 | 1.58 |
| 12 | DEUTSCHE BANK AG | 6,382,408 | 1.55 |
| 13 | PICTET & CIE | 5,683,858 | 1.38 |
| 14 | JANNIE ABRAHAM NELL | 5,000,000 | 1.22 |
| 15 | MOTJOLI RESOURCES (PTY) LIMITED | 4,240,075 | 1.03 |
| 16 | GOLDMAN SACHS (BROKER GROUP) | 3,986,549 | 0.97 |
| 17 | SIMON FARRELL | 3,471,791 | 0.84 |
| 18 | LEGAL & GENERAL INVESTMENT MANAGEMENT | 3,259,956 | 0.79 |
| 19 | DFA AUSTRALIA LTD | 3,246,746 | 0.79 |
| 20 | JUPITER ASSET MANAGEMENT LTD | 3,153,822 | 0.77 |