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Exx - Exxaro - Trading Statement For The Six Months Ended 30 June 2010

Release Date: 05/08/2010 09:00:05      Code(s): EXX
EXX - Exxaro - Trading statement for the six months ended 30 June 2010          
EXXARO RESOURCES LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
Registration Number: 2000/011076/06                                             
Share Code: EXX                                                                 
ISIN Number: ZAE000084992                                                       
("Exxaro")                                                                      
TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2010                         
Shareholders are advised that Exxaro will release its reviewed financial        
results for the six months ended 30 June 2010 on 12 August 2010.                
Consolidated net operating profit for the group for the six months ended 30     
June 2010 is expected to show an improvement when compared to the               
corresponding period in 2009. The group results were positively impacted by a   
stronger global economic recovery resulting in higher commodity prices for the  
period partially offset by a stronger average realised exchange rate.           
The coal business is expected to deliver higher operating results for the six   
months ended 30 June 2010 than the corresponding period in 2009 due primarily   
to higher international sales prices and the inclusion of the Mafube joint      
venture operating results acquired on 1 June 2009.                              
The mineral sands business will report a consolidated net operating profit due  
to higher commodity prices, improved sales volumes, disciplined cost            
management as well as the final proceeds of an insurance claim received during  
the period for the water ingress incident that occurred at the KZN Sands        
furnace 2 in February 2008.                                                     
The base metals business is expected to report a marginal increase in net       
operating profit mainly due to higher commodity prices for the six months       
ended 30 June 2010.                                                             
Headline earnings per share for the six months ended 30 June 2010 are expected  
to be between 650 cents and 700 cents, representing an increase of between 60%  
and 73% when compared to the corresponding period in 2009.                      
Attributable earnings for the six months ended 30 June 2010 are expected to be  
between R2 288 million and R2 528 million.  This equates to attributable        
earnings per share for the six months ended 30 June 2010 of between 661 cents   
and 731 cents, representing an increase of between 64% and 81% when compared    
to the corresponding period in 2009.                                            
The financial information on which this trading statement is based has not      
been reviewed nor reported on by Exxaro`s external auditors. This statement is  
issued in compliance with paragraph 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. 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                                                                        
5 August 2010                                                                   
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 05/08/2010 09:00:05 Supplied by www.sharenet.co.za                     
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