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Exxaro Resources Limited - Acceptance Of Conditional Awards Granted And Correction Of Notification Of Share Dealing

Release Date: 09/05/2014 17:30:00      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) BY A DIRECTOR OF EXXARO AND CORRECTION
OF NOTIFICATION OF SHARE DEALING PUBLISHED ON 2 MAY 2014

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby
given that a director of Exxaro 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 (01/01/2014 to 31/12/2017)
Class of shares:                 Ordinary
Nature of transaction:           Acceptance of LTIP awards
Offer price based on the face
value of :                       R140.08
Nature of interest:              Direct Beneficial
Date of transaction:             9 May 2014


Name:                            SA Nkosi
Director                         Exxaro Resources Limited
LTIP award:                      135,608
Deemed value based on the
prevailing market price of
LTIP shares on 31 March 2014     R18,995,968.64


The share dealing announcement published on 2 May 2014 regarding MDM Mgojo?s acceptance
of long term incentive plan (LTIP) conditional awards had an error in terms of the number of
awards granted. The LTIP awards granted to Mr Mgojo were 47,848 and not 47,848,843 as
previously announced. The deemed value of the LTIP shares remains the same.

CH WESSELS
GROUP COMPANY SECRETARY

9 May 2014


Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 09/05/2014 05:30:00 Supplied by www.sharenet.co.za                     
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