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EXXARO RESOURCES LIMITED - EXX - Change to the Board of Directors of Exxaro Resources Limited

Release Date: 04/03/2016 12:09:00      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?)


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited,
shareholders of diversified resources group Exxaro are advised that Mr WA (Wim) de Klerk
will, after much consideration and deliberation, be stepping down as Finance Director of the
Company. The Company?s Board of Directors (Board) has, over a period of time, been
considering his application to step down in order for him to make a lifestyle change and has
approved such with effect from 31 August 2016 or an earlier date if so agreed with the

Wim has been requested to, during this period, specifically assist the Chief Executive Officer
to, inter alia, coordinate the process to identify and appoint a successor and assist with the
transition process, assist in finalising some strategic decisions on equity investments and the
new Black Economic Empowerment structure, as well as assist in concluding the
negotiations on addendum 10 of the Medupi Coal Supply Agreement with Eskom Holdings
SoC Limited.

On joining Iscor in 1996, Wim, inter alia, managed Iscor Quarries and the Grootegeluk mine.
He became a member of the executive team as Group General Manager: Strategy and
Continuous Improvement in 1999. During his tenure at Kumba Resources Limited he was
responsible for the mineral sands operations and after Exxaro listed in 2006 became
Executive General Manager: Mineral Sands and Base Metals in 2008 until his appointment
as Finance Director in 2009.

He has served the Company and its predecessors with distinction and the Board expresses
their sincerest appreciation for his dedication and absolute commitment during his tenure
and wish him and his family well for the future and their new endeavours.

Carina Wessels
Group Company Secretary
4 March 2016

Mzila Mthenjane
Executive Head: Strategy & Stakeholder Relations
Tel: +27 12 307 7393
Mobile: +27 83 417 6375
Email: Mzila.mthenjane@exxaro.com

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

Date: 04/03/2016 12:09:00 Supplied by www.sharenet.co.za                     
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