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

Release Date: 23/05/2014 16:40:00      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 DIRECTORS OF EXXARO?s MAJOR
SUBSIDIARIES

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is
hereby given that directors of Exxaro?s major subsidiaries 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:                      R140.08
Nature of interest:              Direct Beneficial
Date of transaction:             23 May 2014

Name:                            IC Prinsloo
Director                         Exxaro International Trading BV
LTIP award:                      10,853
Deemed value based on the
prevailing market price of
LTIP shares on 31 March 2014     R1,520,288.24

Name:                            N Tsengwa
Director:                        Exxaro Coal Proprietary Limited
LTIP award:                      20,109
Deemed value based on the
prevailing market price of
LTIP shares on 31 March 2014     R2,816,868.72


CH WESSELS
GROUP COMPANY SECRETARY

23 May 2014

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 23/05/2014 04:40:00 Supplied by www.sharenet.co.za                     
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