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Exx - Exxaro - Trading Statement For The 12 Months Ended 31 December 2008

Release Date: 16/02/2009 16:30:02      Code(s): EXX
EXX - Exxaro - Trading Statement For The 12 Months Ended 31 December 2008       
EXXARO RESOURCES LIMITED                                                        
Incorporated in the Republic of South Africa                                    
(Registration Number: 2000/011076/06)                                           
JSE share code: EXX                                                             
ISIN code: ZAE000084992                                                         
ADR code: EXXAY                                                                 
("Exxaro")                                                                      
TRADING STATEMENT FOR THE 12 MONTHS ENDED 31 DECEMBER 2008                      
Shareholders are advised that Exxaro will release its audited financial results 
for the 12-month period ended 31 December 2008 on or about 24 February 2009.    
Exxaro`s coal business is expected to deliver a substantial improvement in net  
operating profit for the period under review as strong demand resulted in higher
sales at improved average prices when compared to the corresponding period in   
2007.  The mineral sands business will report a consolidated net operating      
profit as improved results from the KZN Sands operation and a first contribution
from Namakwa Sands, subsequent to its acquisition effective from 1 October 2008,
are expected to offset an operating loss in the Australia Sands operation.  The 
base metals business is expected to report a net operating loss due mainly to   
significantly lower average zinc prices and an increased environmental          
rehabilitation provision at the Zincor refinery.                                
Exxaro`s attributable earnings which include the group`s equity accounted       
earnings from its 20% shareholding in Sishen Iron Ore Company (Pty) Ltd also    
incorporates the financial results of its 26% interest in Black Mountain Mining 
(Pty) Ltd from 1 November 2008. Attributable earnings for the period under      
review are expected to be substantially higher at between R3 365 and R3 415     
million, with attributable earnings per share being between 981 cents and 997   
cents, despite the group`s equity accounted share of the operating loss and an  
impairment of assets incurred in Black Mountain Mining (Pty) Ltd. Exxaro        
reported attributable earnings of R1 427 million or 418 cents per share for the 
corresponding period ended 31 December 2007.                                    
Headline earnings, which exclude the impairment of assets in Black Mountain     
Mining (Pty) Ltd are expected to be between R3 585 million and R3 635 million,  
or 1 045 cents and 1 060 cents per share, compared to R1 448 million or 425     
cents per share reported for the corresponding period ended 31 December 2007.   
Exxaro will provide for comparative purposes only, comparable unaudited         
supplementary financial and physical information in the release of its financial
results for the 12-month period ended 31 December 2008 as if the investments in 
Namakwa Sands and Black Mountain Mining (Pty) Ltd had been acquired on 1 January
2007.                                                                           
The financial information, on which this trading statement is based, has not    
been reviewed nor reported on by Exxaro`s auditors. This statement is issued in 
compliance with section 3.4(b) of the Listings Requirements of the JSE Limited. 
Editors 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  
commodities.                                                                    
Enquiries:                                                                      
Trevor Arran                                                                    
Executive General Manager: Corporate Affairs & Strategy                         
Tel: +27 12 307 3292                                                            
Mobile: +27 83 609 1444                                                         
Email: trevor.arran@exxaro.com                                                  
Pretoria                                                                        
16 February 2009                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 16/02/2009 16:30:02 Supplied by www.sharenet.co.za                     
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