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Exx - Exxaro - Acceptance Of Conditional Awards Granted In Terms Of The Share

Release Date: 06/05/2009 16:02:01      Code(s): EXX
EXX - Exxaro - Acceptance of conditional awards granted in terms of the share   
appreciation right scheme, the Long Term Incentive Plan and the deferred Bonus  
Plan scheme to directors of Exxaro and its major subsidiaries                   
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")                                                                      
ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE SHARE APPRECIATION     
RIGHT ("SAR") SCHEME, THE LONG TERM INCENTIVE PLAN ("LTIP") AND THE DEFERRED    
BONUS PLAN ("DBP") SCHEME TO DIRECTORS OF EXXARO AND ITS MAJOR SUBSIDIARIES     
In compliance with clauses 3.63 and 3.64 of the JSE Listings Requirements,      
notice is hereby given that directors of Exxaro and its major subsidiaries, as  
listed below, received and accepted awards granted in terms of the respective   
schemes, after having received clearance to do so in terms of the JSE Listings  
Requirements 3.66.                                                              
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                                       
Offer price:            R67.07                                                  
Date of transaction:    4 May 2009                                              
                                                                                
LTIP Performance        The vesting of the LTIP awards is                       
period:                 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                                       
Date of transaction:    4 May 2009                                              
Class of shares:        Ordinary                                                
                                                                                
Nature of transaction:  DBP Scheme                                              
Nature of interest:     Direct Beneficial                                       
Vesting period:         3 years                                                 
Offer price:            R65.58                                                  
Date of transaction:    5 May 2009                                              
                                                                                
Name:                   SA Nkosi                                                
SAR award:              67,430                                                  
LTIP award:             67,438                                                  
DBP award:              6,620                                                   

Name:                   WA de Klerk                                             
SAR award:              37,760                                                  
LTIP award:             37,764                                                  
DBP award:              3,000                                                   
                                                                                
Name:                   L Groenewald                                            
SAR award:              7,220                                                   
LTIP award:             7,222                                                   
                                                                                
Name:                   PA Koppeschaar                                          
SAR award:              13,910                                                  
LTIP award:             13,914                                                  
DBP award:              1,549                                                   
                                                                                
Name:                   MDM Mgojo                                               
SAR award:              27,530                                                  
LTIP award:             27,536                                                  
DBP award:              2,586                                                   
                                                                                
Name:                   IC Prinsloo                                             
SAR award:              6,900                                                   
LTIP award:             6,904                                                   
                                                                                
Name:                   R Strydom                                               
SAR award:              13,520                                                  
LTIP award:             13,528                                                  
DBP award:              1,491                                                   

Name:                   MS Viljoen                                              
SAR award:              7,110                                                   
LTIP award:             7,116                                                   

Name:                   WH van Niekerk                                          
SAR award:              14,080                                                  
LTIP award:             14,090                                                  
DBP award:              1,615                                                   
MS VILJOEN                                                                      
COMPANY SECRETARY                                                               
Pretoria                                                                        
6 May 2009                                                                      
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Ltd                                              
Date: 06/05/2009 16:02:01 Supplied by www.sharenet.co.za                     
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