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

Release Date: 04/05/2015 14:10:00      Code(s): EXX     
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?)

ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE LONG
TERM INCENTIVE PLAN (LTIP SCHEME) BY A DIRECTOR OF EXXARO

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 the 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 (01/04/2015 to 31/03/2018)
Class of shares:                 Ordinary
Nature of transaction:           Acceptance of LTIP awards
Offer price:                     R0
Nature of interest:              Direct Beneficial
Date of transaction:             4 May 2015


Name:                            WA de Klerk
Director                         Exxaro Resources Limited
LTIP award:                      121,218
Deemed value based on the
prevailing market price of an
Exxaro share of R100.80
on 4 May 2015                    R12,218,774.40


4 May 2015


CH WESSELS
GROUP COMPANY SECRETARY


Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 04/05/2015 02:10:00 Supplied by www.sharenet.co.za                     
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