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Exx - Exxaro Resources Limited - Acceptance Of Conditional Awards Granted In

Release Date: 05/05/2008 15:43:02      Code(s): EXX
EXX - Exxaro Resources Limited - Acceptance of conditional awards granted in    
terms of the rules of Exxaro`s long term incentive plan ("LTIP") and share      
appreciation rights ("SAR") scheme to directors of the company`s major          
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")                                                     
DIRECTORS OF THE COMPANY`S MAJOR SUBSIDIARIES                                   
In compliance with clauses 3.63 and 3.64 of the JSE Listings Requirements notice
is hereby given that, as at 30 April 2008, the directors listed below accepted  
incentive awards as indicated:                                                  
LTIP Performance period:           The vesting of the LTIP awards is conditional
                                  upon the achievement of group performance     
targets over a period of 3 years (01/01/2008  
                                  to 31/12/2010)                                
Class of shares:                   Ordinary                                     
Nature of transaction:             Acceptance of LTIP awards                    
Nature of interest:                Direct Beneficial                            
SAR Performance period:            The vesting of the SAR awards is conditional 
                                  upon the achievement of group performance     
                                  targets over a minimum period of 3 years and  
maximum period of 5 years (total lapse period 
                                  of 7 years - 01/04/2008 to 01/04/2015)        
Class of shares:                   Ordinary                                     
Nature of transaction:             Acceptance of SAR awards                     
Nature of interest:                Direct Beneficial                            
Name:                         WA de Klerk                                       
LTIP awarded (face value):    16,418 (R 1,844,562.30)                           
SAR awarded (face value):     16,410 (R 1,843,663.50)                           
Name:                         L Groenewald                                      
LTIP awarded (face value):    4,360 (R 489,846.00)                              
SAR awarded (face value):     4,350 (R 488,722.50)                              
Name:                         PA Koppeschaar                                    
LTIP awarded (face value):    8,644 (R 971,153.40)                              
SAR awarded (face value):     8,640 (R 970,704.00)                              
Name:                         MDM Mgojo                                         
LTIP awarded (face value):    15,724 (R 1,766,591.40)                           
SAR awarded (face value):     15,720 (R 1,766,142.00)                           
Name:                         IC Prinsloo                                       
LTIP awarded (face value):    4,040 (R 453,894.00)                              
SAR awarded (face value):     4,030 (R 452,770.50)                              
Name:                         R Smit                                            
LTIP awarded (face value):    4,258 (R 478,386.30)                              
SAR awarded (face value):     4,250 (R 477,487.50)                              
Name:                         R Strydom                                         
LTIP awarded (face value):    8,302 (R 932,729.70)                              
SAR awarded (face value):     8,300 (R 932,505.00)                              
Name:                         WH van Niekerk                                    
LTIP awarded (face value):    8,994 (R 1,010,475.90)                            
SAR awarded (face value):     8,990 (R 1,010,026.50)                            
Name:                         PE Venter                                         
LTIP awarded (face value):    18,114 (R 2,035,107.90)                           
SAR awarded (face value):     18,110 (R 2,034,658.50)                           
Name:                         MR Walker                                         
LTIP awarded (face value):    4,054 (R 455,466.90)                              
SAR awarded (face value):     4,050 (R 455,017.50)                              
Name:                         MS Viljoen (company secretary)                    
LTIP awarded (face value):    4,216 (R 473,667.60)                              
SAR awarded (face value):     4,210 (R 472,993.50)                              
Clearance in terms of 3.66 of the JSE listings Requirements has been obtained.  
MS VILJOEN                                                                      
COMPANY SECRETARY                                                               
JP Morgan Equities Limited                                                      
5 May 2008                                                                      
Date: 05/05/2008 15:43:01 Supplied by www.sharenet.co.za                     
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