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EXX - Exxaro - News Release: Exxaro Awarded Additional Entitlement At RBCT

Release Date: 10/05/2007 16:33:15      Code(s): EXX
EXX - Exxaro - News Release: Exxaro Awarded Additional Entitlement At RBCT      
EXXARO RESOURCES LIMITED                                                        
(formerly Kumba Resources Limited)                                              
Incorporated in the Republic of South Africa                                    
(Registration Number:  2000/011076/06)                                          
Share Code:  EXX                                                                
ISIN Number:  ZAE000084992                                                      
("Exxaro" or "the company")                                                     
Diversified resources group Exxaro Resources Limited (Exxaro) welcomes          
today`s announcement by Richards Bay Coal Terminal (RBCT) that the group        
has been awarded 2,5 million tonnes (Mt) per annum of export entitlement        
through the RBCT subscription process.                                          
This volume will become available on completion of RBCT`s Phase V expansion     
which will increase RBCT`s overall annual throughput capacity by 19Mt by        
the second quarter of 2009.                                                     
The additional 2,5Mt awarded today is in addition to the 0,8Mt per annum        
RBCT entitlement that Exxaro acquired following the merger with Eyesizwe        
Also on completion of the RBCT expansion, Exxaro will receive a further 2Mt     
of export entitlement via the South Dunes Coal Terminal Company, resulting      
in Exxaro`s total entitlement increasing to 5,3Mt per annum.                    
"Exxaro needs increased, competitively priced entitlement at RBCT in order      
to match increasing production of export coal from our current and new          
mines. Our increased shareholding in RBCT is one of the essential               
requirements needed to facilitate Exxaro`s growth prospects and is very         
much aligned with our growth strategy," said Ernst Venter, executive            
general manager of Exxaro`s coal division.                                      
"We now have a significant coal export business, one which will grow hand       
in hand with Exxaro`s strategy to become a major coal player in South           
Africa," said Dr Con Fauconnier, Exxaro`s chief executive officer.              
Editor`s Notes:                                                                 
Exxaro is a diversified resources group with interests in the coal, mineral     
sands, base metals, industrial minerals and iron ore commodities. Exxaro        
was formed through the re-listing on the JSE Limited of Kumba Resources in      
November 2006 as part of a major black economic empowerment transaction in      
which Kumba`s iron ore assets were unbundled and listed as Kumba Iron Ore,      
and the non-iron ore assets were merged with the assets of Eyesizwe Coal        
and re-listed as Exxaro.  The Exxaro group is one of the largest suppliers      
of coal to Eskom, and is currently exporting some 2,5 million tonnes of         
coal through its limited entitlement at RBCT and the annual lease of            
additional entitlement. More information is available on www.exxaro.com.        
Ernst Venter                                                                    
Executive General Manager: Exxaro Coal                                          
Tel: +27 (0) 12 307 4322                                                        
Mobile: +27 (0) 83 609 1313                                                     
10 May 2006                                                                     
Sponsor: JPMorgan                                                               
Date: 10/05/2007 16:33:15 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  

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