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EXX - Exxaro - Trading Statement for the six months ended 30 June 2008

Release Date: 24/07/2008 17:01:02      Code(s): EXX
EXX - Exxaro - Trading Statement for the six months ended 30 June 2008          
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")                                                     
TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2008                         
Shareholders are advised that Exxaro Resources Limited (Exxaro) will release its
reviewed financial results for the six month period ended 30 June 2008 on or    
about 14 August 2008.                                                           
Exxaro`s coal business is expected to deliver a substantial improvement in net  
operating profit for the period under review, compared to the six months ended  
30 June 2007.  The group`s net operating profit, however, is expected to be     
approximately 10% lower than for the corresponding period in 2007 primarily due 
to a loss in the mineral sands business.  Mineral sands prices generally        
remained depressed while lower volumes and a persistent strong Australian dollar
have negatively affected the Australian operation.  Production volumes were also
lower at the KZN Sands operation in South Africa following the previously       
reported water ingress incident at its Furnace 2 in February 2008.  The base    
metals business is expected to report a lower net operating profit in line with 
declining zinc prices.                                                          
Attributable earnings and headline earnings for the period, which include the   
group`s 20% shareholding in Sishen Iron Ore Company (Pty) Ltd (SIOC) are        
expected to be between R1 150 million and R1 350 million with attributable      
(AEPS) and headline earnings per share (HEPS) both being between 330 and 385    
cents.  For the comparable period ended 30 June 2007, the group reported        
attributable earnings and headline earnings of R839 million and R839 million    
respectively, with both AEPS and HEPS at 246 cents.                             
The Namakwa Sands business and a 26% interest in Black Mountain/Gamsberg, which 
Exxaro will acquire on conversion and subsequent approval of cession of the     
respective mining rights, are not included in the results for the six month     
period ended 30 June 2008.                                                      
The financial information on which this trading statement is based has not been 
reviewed or reported on by Exxaro`s auditors.  This statement is issued in      
compliance with the Listings Requirements (Section 3.4 (b)) of JSE Limited.     
Editor`s note:                                                                  
Exxaro is one of the largest South African-based diversified resources          
companies, with interests in the coal, mineral sands, base metals and iron ore  
Trevor Arran                                                                    
Executive General Manager, Corporate Affairs & Strategy                         
Tel: +27 12 307 4481                                                            
Mobile: +27 83 609 1444                                                         
Email: Trevor.Arran@exxaro.com                                                  
24 July 2008                                                                    
JPMorgan Equities                                                               
Date: 24/07/2008 17:01:01 Supplied by www.sharenet.co.za                     
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