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Exxaro Resources Limited - Correction Announcement

Release Date: 20/10/2015 11:27:00      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?)


CORRECTION OF SENS ANNOUNCEMENT DATED 10 SEPTEMBER 2015 REGARDING
EXERCISE OF PLEDGED AND MATCHING AWARDS VESTED, AND SALE IN TERMS
OF THE DEFERRED BONUS PLAN SCHEME (?DBP SCHEME?) BY DIRECTORS OF
EXXARO AND A DIRECTOR OF ITS MAJOR SUBSIDIARY

Shareholders are referred to the announcement made on 10 September 2015, wherein the
date of the transaction was incorrectly stated as 8 August 2015 and should have read 8
September 2015. For ease of reference, the announcement is correctly repeated below.

In terms of paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited
(?Listings Requirements?), notice is hereby given that directors of Exxaro and a director of a
major subsidiary of Exxaro exercised the pledged and matching awards granted in terms of
the DBP Scheme and sold Exxaro ordinary shares, after having received clearance to do so
in terms of paragraph 3.66 of the Listings Requirements.

Class of shares:                              Ordinary
Nature of transaction:                        Exercise of pledged and matching awards
                                              vested and/or on market sale in terms of
                                              the DBP Scheme
Nature of interest:                           Direct Beneficial
Date of transaction:                          8 September 2015
DBP vesting date                              31 August 2015
Vesting period:                               3 years

Name:                                         SA Nkosi
Director:                                     Exxaro Resources Limited
Pledged shares vested and released:           370
Strike price per pledged share:               R163.39
VWAP on day of vesting:                       R67.59
Matching shares vested and sold:              370
Sale price per share:                         R64.58
Value of shares sold:                         R23,894.60


Name:                                         MDM Mgojo
Director:                                     Exxaro Resources Limited
Pledged shares vested and released:           104
Strike price per pledged share:               R163.40
VWAP on day of vesting:                       R67.59
Matching shares vested and sold:              104
Sale price per share:                         R64.50
Value of shares sold:                         R6,708.00
Name:                                        WA de Klerk
Director:                                    Exxaro Resources Limited
Pledged shares vested and released:          234
Strike price per pledged share:              R162.00
VWAP on day of vesting:                      R67.59
Shares transferred into his portfolio:       234
Deemed value of transferred shares:          R15 116.40 (based on the closing market
                                             price of R64.60 per share as at 8 September
                                             2015)


Name:                                        Dr N Tsengwa
Director:                                    Exxaro Coal Mpumalanga Proprietary Limited
Pledged shares vested and released:          97
Strike price per pledged share:              R161.45
VWAP on day of vesting:                      R67.59
Matching shares vested and sold:             47
Sale price per share:                        R64.59
Value of shares sold:                        R3 035.73
Shares transferred into her portfolio:       50
Deemed value of transferred shares:          R3 230.00 (based on the closing market price
                                             of R64.60 per share as at 8 September 2015)




CH WESSELS
GROUP COMPANY SECRETARY

Sponsor
Absa Bank Limited, acting through its corporate and investment bank division

20 October 2015

Date: 20/10/2015 11:27:00 Supplied by www.sharenet.co.za                     
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