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EXXARO RESOURCES LIMITED - Universal Coal announcement

Release Date: 20/10/2015 17:49:00      Code(s): EXX     
(Incorporated in the Republic of South Africa)
Registration Number: 2000/011076/06
JSE share code: EXX
ISIN: ZAE000084992
(?Exxaro? or ?the company?)


The purpose of this announcement is to provide clarity to Exxaro?s shareholders regarding the
announcement by Universal Coal Plc (?Universal Coal?), released on the ASX on 20 October
2015, that it has entered into a binding sale of Prospecting Right Agreement (?the sale
Agreement?) with Exxaro.
The announcement refers to a transaction concluded in 2012 for R89,7 million. However, the
last condition precedent to the sale agreement, namely approval, in terms of Section 11 of the
Mineral and Petroleum Resources Development Act 28 of 2002, by the Department of Mineral
Resources for the transfer of the prospecting rights from Exxaro Coal Proprietary Limited, a
subsidiary of Exxaro Resources Limited, remains outstanding.
The transaction is not material to Exxaro and for clarity is not related to Exxaro?s operating
mine, Arnot Coal Mine, which supplies coal to Eskom?s Arnot Power Station.
Universal Coal was obliged to announce this transaction due to their own current corporate

Editor?s Note:

Exxaro is one of the largest South African-based diversified resources companies, with interests
in the coal, titanium dioxide, iron ore and energy commodities. www.exxaro.com

Wim de Klerk
Finance Director
Tel: +27 12 307 4848
Mobile: +27 82 652 5142
Email: wim.deklerk@exxaro.com

Absa Bank Limited (acting through its Corporate and Investment Banking Division)

20 October 2015

Date: 20/10/2015 05:49:00 Supplied by www.sharenet.co.za                     
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