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Exxaro Resources Limited - Acceptance Of Conditional Awards Granted In Terms Of The Ltip Scheme By A Director Of A Major Subsidiary Of Exxaro

Release Date: 07/05/2015 16:35:00      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 A MAJOR
SUBSIDIARY 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 a major subsidiary 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 (01/04/2015 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:              5 May 2015


Name:                             AM Mukhuba
Director                          Exxaro Coal Proprietary Limited
LTIP award:                       13,919
Deemed value based on the
prevailing market price of an
Exxaro share of R100.80
on 5 May 2015:                    R1,403,035.20




CH WESSELS
GROUP COMPANY SECRETARY


7 May 2015


Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 07/05/2015 04:35:00 Supplied by www.sharenet.co.za                     
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