LETTER TO SHAREHOLDERS

Kinross Gold 2012 Annual Report

SENIOR LEADERSHIP TEAM (pictured left to right)

GEOFFREY P. GOLD
Executive Vice-President, Corporate Development and Chief Legal Officer

LISA J. COLNETT
Senior Vice-President, Human Resources and Corporate Services

J. PAUL ROLLINSON
Chief Executive Officer

TONY S. GIARDINI
Executive Vice-President and Chief Financial Officer

BRANT E. HINZE
President and Chief Operating Officer

JAMES CROSSLAND
Executive Vice-President, Corporate Affairs