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EXXARO RESOURCES LIMITED - FD Pre-close message supplement

Release Date: 23/11/2015 13:20:00      Code(s): EXX     
(Incorporated in the Republic of South Africa)
Registration Number: 2000/011076/06
JSE share code: EXX
ISIN: ZAE000084992

FD Pre-close message supplement

Further to the FD Pre-close message published on the JSE Limited Stock Exchange News Service
(SENS) on 19 November 2015 and the tele-conference held on 20 November 2015, additional
information was provided based on the responses to questions raised by the participants on the call.
Although a playback with the details of the tele-conference is available until 27 November 2015,
Exxaro would like to bring your attention to the additional information that was not published on

In this regard, we refer you to the group?s website on www.exxaro.com for an Addendum to the FD
Pre-close FYE 31 December 2015.

Additional information from questions and answers session
 1) Regarding a question on the expected performance of Exxaro Coal Central Proprietary Limited
    (ECC) since Exxaro acquired Total Coal South Africa Proprietary Limited (TCSA):
    Response: Expect a loss from ECC for both 2015 and 2016 financial years.

2) Regarding export volumes forecast for 2016:
   Response: Guidance of 6.5 Million tonnes of exports for 2016 was provided.

3) Regarding expected group cash flows for 2016:
   Response: Guidance of an expected cash flow neutral position as a worst case in 2016, which is
   expected to result in 2016 debt levels similar to those in 2015.

4) Regarding expected dividends from Exxaro investments:
   Response: Guidance provided that Exxaro?s internal assumption is that the group expects zero
   dividends from the Sishen Iron Ore Company (SIOC) investment and lower dividends from the
   Tronox Limited investment in 2016.

In line with the FD Pre-close message, the information in this message is the responsibility of the
directors of Exxaro and has not been reviewed nor reported on by Exxaro?s external auditors.

Wim de Klerk
Finance director
Tel: + 27 12 307 4848
Mobile: +27 82 652 5145
Email: wim.deklerk@exxaro.com

23 November 2015
Absa Bank Limited (acting through its corporate and investment banking division)

Date: 23/11/2015 01:20:00 Supplied by www.sharenet.co.za                     
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