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Exx - Exxaro Resources Limited - Acceptance Of Conditional Awards Granted In

Release Date: 20/04/2011 12:38:01      Code(s): EXX
EXX - Exxaro Resources Limited - Acceptance of conditional awards granted in    
terms of the share appreciation right (SAR) scheme and the long term incentive  
plan (LTIP) 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 AND THE LONG TERM INCENTIVE PLAN (LTIP) TO DIRECTORS OF      
EXXARO AND ITS MAJOR SUBSIDIARIES                                               
In compliance with clauses 3.63 and 3.65 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 (total lapse period of 
                             7 years - 01/04/2011 to 01/04/2018)                
Class of shares:              Ordinary                                          
Nature of transaction:        Acceptance of SAR awards                          
Nature of interest:           Direct Beneficial                                 
Offer price:                  R163.95                                           
Date of transaction:          19 April 2011                                     
LTIP Performance period:      The vesting of the LTIP awards is conditional upon
                             the achievement of group performance targets over  
                             a period of 3 years (01/01/2011 to 31/12/2013)     
Class of shares:              Ordinary                                          
Nature of transaction:        Acceptance of LTIP awards                         
Offer price:                  R163.95                                           
Nature of interest:           Direct Beneficial                                 
Date of transaction:          19 April 2011                                     
Name:                         SA Nkosi (Exxaro Resources Ltd)                   
No of SAR shares awarded:     36,538                                            
Value of SAR shares:          5,990,405.10                                      
LTIP award:                   36,538                                            
Value of LTIP shares:         5,990,405.10                                      
Name:                         WA de Klerk (Exxaro Resources Ltd)                
No of SAR shares awarded:     18,268                                            
Value of SAR shares:          2,995,038.60                                      
LTIP award:                   18,268                                            
Value of LTIP shares:         2,995,038.60                                      
Name:                         PT Arran (Exxaro Australia Sands (Pty) Ltd)       
No of SAR shares awarded:     14,084                                            
Value of SAR shares:          2,309,071.80                                      
LTIP award:                   14,084                                            
Value of LTIP shares:         2,309,071.80                                      
Name:                         L Groenewald (Exxaro Coal (Pty) Ltd)              
No of SAR shares awarded:     3,372                                             
Value of SAR shares:          552,839.40                                        
LTIP award:                   3,372                                             
Value of LTIP shares:         552,839.40                                        
Name:                         PA Koppeschaar (Exxaro Holding (Pty) Ltd)         
No of SAR shares awarded:     6,812                                             
Value of SAR shares:          1,116,827.40                                      
LTIP award:                   6,812                                             
Value of LTIP shares:         1,116,827.40                                      
Name:                         MDM Mgojo (Exxaro Coal (Pty) Ltd)                 
No of SAR shares awarded:     14,084                                            
Value of SAR shares:          2,309,071.80                                      
LTIP award:                   14,084                                            
Value of LTIP shares:         2,309,071.80                                      
Name:                         IC Prinsloo (Exxaro Holdings (Pty) Ltd)           
No of SAR shares awarded:     3,554                                             
Value of SAR shares:          582,678.30                                        
LTIP award:                   3,554                                             
Value of LTIP shares:         582,678.30                                        
Name:                         R Strydom (Exxaro Holdings Pty Ltd)               
No of SAR shares awarded:     6,758                                             
Value of SAR shares:          1,107,974.10                                      
LTIP award:                   6,758                                             
Value of LTIP shares:         1,107,974.10                                      
Name:                         PE Venter (Exxaro Coal PTY Ltd)                   
No of SAR shares awarded:     14,104                                            
Value of SAR shares:          2,312,350.80                                      
LTIP award:                   14,104                                            
Value of LTIP shares:         2,312,350.80                                      
Name:                         MS Viljoen (Company Secretary)                    
No of SAR shares awarded:     3,104                                             
Value of SAR shares:          508,900.80                                        
LTIP award:                   3,104                                             
Value of LTIP shares:         508,900.80                                        
MS VILJOEN                                                                      
COMPANY SECRETARY                                                               
20 April 2011                                                                   
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 20/04/2011 12:38:01 Supplied by www.sharenet.co.za                     
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