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Exx - Exxaro Resources Limited - Voluntary Trading Statement For The Six Months

Release Date: 13/08/2009 16:30:01      Code(s): EXX
EXX - Exxaro Resources Limited - Voluntary trading statement for the six months 
ended 30 June 2009                                                              
EXXARO RESOURCES LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
Registration Number: 2000/011076/06                                             
Share Code: EXX                                                                 
ISIN Number: ZAE000084992                                                       
("Exxaro")                                                                      
VOLUNTARY TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2009               
Shareholders are advised that Exxaro will release its reviewed financial        
results for the six months ended 30 June 2009 on 20 August 2009.                
Exxaro`s consolidated net operating profit is expected to show an improvement   
when compared to the corresponding period in 2008. The group results were,      
however, negatively impacted by the global economic meltdown affecting both     
demand and prices, exacerbated by the timing of the volatility of the South     
African currency.                                                               
The coal business is expected to deliver higher operating results than the      
corresponding period in 2008 due primarily to higher sales volumes to Eskom     
and international clients, offset by lower non-Eskom local sales volumes and    
lower international steam coal prices.                                          
The mineral sands business will report a consolidated net operating loss.       
Namakwa Sands and Australia Sands recorded net operating profits, however,      
the KZN Sands operation will report a net operating loss resulting from lower   
sales volumes due to lower global demand.                                       
The base metals business is expected to report a modest net operating profit    
due mainly to lower average realised zinc prices and lower demand.              
Attributable earnings for the six months ended 30 June 2009 include the         
group`s 20% interest in Sishen Iron Ore Company (Pty) Ltd (SIOC), an effective  
22% interest in Chifeng, a 26% interest in Black Mountain Mining (Pty) Limited  
(Black Mountain) and results for Namakwa Sands. Attributable earnings for the   
corresponding period in 2008 exclude Namakwa Sands and the 26% interest in      
Black Mountain which were only acquired during the second half of 2008.         
Attributable earnings for six months ended 30 June 2009 are expected to be      
between R1 375 million and R1 405 million. This equates to attributable         
earnings per share of between 399 cents and 407 cents, representing an          
increase of between 10% to 12% when compared with the corresponding period      
in 2008.                                                                        
Headline earnings per share for the six months ended 30 June 2009 of between    
400 cents and 410 cents, representing an increase of between 6% and 9% when     
compared with the corresponding period in 2008, are expected.                   
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 interest in the coal, mineral sands, base metals and            
iron ore commodities. www.exxaro.com                                            
Enquiries:                                                                      
Wim de Klerk                                                                    
Financial director                                                              
Tel: + 27 12 307 4848                                                           
Mobile: +27 82 652 5145                                                         
Email: wim.deklerk@exxaro.com                                                   
Pretoria                                                                        
13 August 2009                                                                  
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Limited                                          
Date: 13/08/2009 16:30:01 Supplied by www.sharenet.co.za                     
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