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Exx - Exxaro Resources Limited - Exercise Of Conditional Awards Granted In Terms

Release Date: 17/04/2012 13:14:02      Code(s): EXX
EXX - Exxaro Resources Limited - Exercise of conditional awards granted in terms
of The Long Term Incentive Plan ("LTIP SCHEME") 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:  ZAE000084992                                                             
ADR code:  EXXAY                                                                
("Exxaro")                                                                      
EXERCISE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE LONG TERM INCENTIVE PLAN 
("LTIP SCHEME") TO DIRECTORS OF EXXARO AND ITS MAJOR SUBSIDIARIES               
In terms of paragraphs 3.63 and 3.65 of the JSE Listings Requirements notice is 
hereby given that directors of Exxaro and its major subsidiaries exercised      
awards granted in terms of the LTIP Scheme, after having received clearance to  
do so in terms of paragraph 3.66 of the JSE Listings Requirements.              
Class of shares:         Ordinary                                               
Nature of transaction:   Exercise of conditional awards granted in terms of the 
LTIP Scheme                                                                     
Nature of interest:      Direct Beneficial                                      
Date of transaction:     13 April 2012                                          
LTIP vesting date:       01 April 2012                                          
Vesting period:          3 years                                                
Name:                    SA Nkosi                                               
Director:                Exxaro Resources Limited                               
Number of shares:        27 464                                                 
Strike price per share:  R212.75                                                
Value of shares:         R5,842,966.00                                          
Name:                    SA Nkosi                                               
Director:                Exxaro Resources Limited                               
Number of shares:        39 974                                                 
Strike price per share:  R197.54                                                
Value of shares:         R7,896,463.96                                          
Name:                    WH van Niekerk                                         
Director:                Exxaro Coal Proprietary Limited                        
Number of shares:        14 090                                                 
Strike price per share:  R197.54                                                
Value of shares:         R2,783,338.60                                          
17 April 2012                                                                   
CH WESSELS                                                                      
GROUP COMPANY SECRETARY                                                         
Sponsor                                                                         
Deutsche Securities (SA) Proprietary Limited                                    
Date: 17/04/2012 13:14:02 Supplied by www.sharenet.co.za                     
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