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Exx - Exxaro Resources Limited - Trading Statement For The Year Ended 31

Release Date: 03/02/2012 07:30:01      Code(s): EXX
EXX - Exxaro Resources Limited - Trading statement for the year ended 31        
December 2011                                                                   
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 YEAR ENDED 31 DECEMBER 2011                           
Shareholders are advised that Exxaro will release its audited financial         
results for the year ended 31 December 2011 on 23 February 2012.                
Consolidated net operating profit for the group is expected to show an          
improvement when compared with the corresponding period in 2010, mainly due to  
strong demand and generally higher prices across the majority of its commodity  
suite, partially offset by a stronger average realised local currency and       
Australian dollar against the US dollar.                                        
The coal business is expected to deliver higher operating profit than the       
corresponding period in 2010 primarily due to higher export volumes at higher   
international selling prices, despite lower sales volumes from its operations   
captive to Eskom.                                                               
It is expected that the mineral sands business will also report a higher        
operating profit than the corresponding period in 2010 due to a general         
increase in selling prices of its products, in addition to the partial          
impairment reversal of approximately R869 million of the carrying value of the  
property, plant and equipment at the KZN Sands operations.                      
The base metals business will report a consolidated net operating loss due to   
the decision taken by the board of directors of Exxaro to cease operations at   
the Zincor refinery, compounded by an impairment of R516 million of the         
carrying value of the Zincor property, plant and equipment.                     
Headline earnings per share, which exclude the impact of the impairment of the  
carrying value of the Zincor property, plant and equipment as well as the       
impact of the partial impairment reversal of the carrying value of the KZN      
Sands property, plant and equipment for the year ended 31 December 2011, are    
expected to be between1 901 cents and 2 140 cents, representing an increase of  
between 27% and 43% when compared with the comparative period in 2010.          
Attributable earnings for the year ended 31 December 2011 are expected to be    
between R6 964 million and R7 806 million.  This equates to attributable        
earnings per share of between 2 001 cents and 2 243 cents, representing an      
increase of between 33% and 49% when compared with the corresponding period in  
2010.                                                                           
The forecast financial information on which this trading statement is based     
has not been reviewed, audited nor reported on by Exxaro`s external auditors.   
This statement is issued in compliance with 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                                                                    
Finance Director                                                                
Tel: + 27 12 307 4848                                                           
Mobile: +27 82 652 5145                                                         
Email: wim.deklerk@exxaro.com                                                   
Pretoria                                                                        
03 February 2012                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 03/02/2012 07:30:01 Supplied by www.sharenet.co.za                     
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