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Exx - Exxaro Resources Limited - Trading Statement For The 12-month Period

Release Date: 17/02/2011 10:00:01      Code(s): EXX
EXX - Exxaro Resources Limited - Trading statement for the 12-month period      
ended 31 December 2010                                                          
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-MONTH PERIOD ENDED 31 DECEMBER 2010                
Shareholders are advised that Exxaro will release its audited financial         
results for the 12-month period ended 31 December 2010 on 24 February 2011.     
Consolidated net operating profit for the group is expected to show a           
considerable improvement when compared to the corresponding period in 2009.     
The group results were positively impacted by a strong global economic          
recovery resulting in generally higher commodity prices and volumes for the     
period, partially offset by a stronger local currency and Australian dollar.    
Exxaro`s coal business is expected to deliver higher operating results for the  
period under review when compared to the corresponding period in 2009, mainly   
due to higher international coal selling prices and an increase in domestic     
sales volumes, partially offset by the negative impact of a stronger local      
currency.                                                                       
The mineral sands business will report a consolidated net operating profit      
despite the negative impact of a stronger local- and Australian currency, due   
to higher commodity prices, improved sales volumes, disciplined cost            
management as well as the final proceeds of an insurance claim 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 higher operating loss for the  
12-month period ended 31 December 2010, mainly due to production challenges     
experienced at Zincor, commodity price hedging losses, the higher cost of       
external purchases of concentrate as well as higher selling, distribution,      
electricity and maintenance expenses.                                           
Headline earnings per share for the 12 months ended 31 December 2010 are        
expected to be between 1 390 cents and 1 532 cents representing an increase of  
between 91% and 110% when compared to the corresponding period in 2009.         
Attributable earnings for the 12 months ended 31 December 2010 are expected to  
be between R5 053 million and R5 261 million.  This equates to attributable     
earnings per share of between 1 456 cents and 1 516 cents representing an       
increase of between 391% and 411% when compared to the corresponding period in  
2009.  When excluding the impairment of the KZN Sands assets in 2009, the       
attributable earnings per share represent an increase of between 104% and       
113%.                                                                           
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 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.                                                                    
Enquiries:                                                                      
Wim de Klerk                                                                    
Finance Director                                                                
Tel: +27 12 307 4848                                                            
Mobile: +27 82 652 5145                                                         
Email: wim.deklerk@exxaro.com                                                   
Pretoria                                                                        
17 February 2011                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 17/02/2011 10:00:01 Supplied by www.sharenet.co.za                     
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