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Exxaro Resources Limited - Acceptance Of Conditional Awards Granted In Terms Of The Long Term Incentive Plan (ltip)

Release Date: 21/05/2013 16:30:00      Code(s): EXX     
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 LONG
TERM INCENTIVE PLAN (LTIP) TO DIRECTORS OF EXXARO AND ITS MAJOR
SUBSIDIARIES

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited 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 LTIP scheme, after having
received clearance to do so in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

LTIP Performance period:        The vesting of the LTIP awards is conditional upon the
                                achievement of group performance targets over a period
                                of 3 years (01/01/2013 to 31/12/2016)
Class of shares:                Ordinary
Nature of transaction:          Acceptance of LTIP awards
Offer price:                    R0
Nature of interest:             Direct Beneficial
Date of transaction:            21 May 2013

Name:                           SA Nkosi (Exxaro Resources Ltd)
LTIP award:                     94,011
Deemed value based on the
prevailing market price of
LTIP shares on 21 May 2013:     15,361,397.40

Name:                           WA de Klerk (Exxaro Resources Ltd)
LTIP award:                     58,439
Deemed value based on the
prevailing market price of
LTIP shares on 21 May 2013:     9,548,932.60

Name:                           MDM Mgojo (Exxaro Coal (Pty) Ltd)
LTIP award:                     38,843
Deemed value based on the
prevailing market price of
LTIP shares on 21 May 2013:     6,346,946.20

Name:                          PE Venter (Exxaro Coal (Pty) Ltd)
LTIP award:                    41,015
Deemed value based on the
prevailing market price of
LTIP shares on 21 May 2013:    6,701,851.00

Name:                          MR Walker (Exxaro Coal (Pty) Ltd)
LTIP award:                    8,455
Deemed value based on the
prevailing market price of
LTIP shares on 21 May 2013:    1,381,547.00

Name:                          CH Wessels (Group Company Secretary)
LTIP award:                    8,849
Deemed value based on the
prevailing market price of
LTIP shares on 21 May 2013:    1,445,926.60


CH WESSELS
GROUP COMPANY SECRETARY

21 May 2013

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 21/05/2013 04:30:00 Supplied by www.sharenet.co.za                     
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