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Exxaro Resources Limited - Exercise Of Rights Vested And Sold In Terms Of The Share Appreciation Scheme

Release Date: 15/11/2013 15:15:00      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? or ?the company?)

EXERCISE OF RIGHTS VESTED AND SOLD IN TERMS OF THE SHARE APPRECIATION
SCHEME (SAR SCHEME) BY DIRECTORS OF EXXARO AND ITS MAJOR SUBSIDIARY

In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements notice is hereby
given that directors of Exxaro and its major subsidiary received and accepted awards granted
in terms of the SAR Scheme and sold Exxaro ordinary shares, after having received clearance
to do so in terms of paragraph 3.66 of the JSE Limited Listings Requirements.

Class of shares:                         Ordinary
Nature of transaction:                   Exercise of rights granted and on market sale in
                                         terms of the SAR Scheme
Nature of interest:                      Direct Beneficial
Date of transaction:                     14 November 2013
SAR period:                              7 years

Name:                                    SA Nkosi
Director:                                Exxaro Resources Limited
SAR vesting date:                        1 March 2010
Number of shares vested:                 23 133
Strike price:                            R60.60
Sale price per share:                    R150.30
Value of shares:                         R3 476 889.90


Name:                                    MDM Mgojo
Director:                                Exxaro Coal Proprietary Limited
SAR vesting date:                        1 March 2010
Number of shares vested:                 10 968
Strike price:                            R60.60
Shares transferred into his portfolio:   6 141
Number of shares sold:                   4 827
Sale price per share:                    R150.05
Value of shares:                         R724 291.35


15 November 2013


CH WESSELS
GROUP COMPANY SECRETARY

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 15/11/2013 03:15:00 Supplied by www.sharenet.co.za                     
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