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Exxaro Resources Limited - Exx - Exercise Of Rights Vested And Sold Ito The Share Appreciation Scheme By A Director Of A Major Subsidiary

Release Date: 10/03/2016 16:06:00      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)

EXERCISE OF RIGHTS VESTED AND SOLD IN TERMS OF THE SHARE
APPRECIATION SCHEME (SAR 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 exercised rights vested in terms of the SAR
Scheme and sold Exxaro ordinary shares, after having received clearance to do so in terms of
paragraph 3.66 of the JSE Limited Listings Requirements.

Class of shares:                      Ordinary
Nature of transaction:                Exercise of rights vested in terms of the SAR Scheme
                                      and on market sale
Nature of interest:                   Direct Beneficial
Date of transaction:                  8 March 2016
SAR vesting period:                   7 years

Name:                                 AM Mukhuba
Director:                             Exxaro Coal Proprietary Limited
SAR vesting date:                     1 April 2012
Number of shares vested and sold:     808
Strike price:                         R67.07
VWAP:                                 R80.04
Sale price per share:                 R81.85
Total value of transaction:           R66 134.80

CH WESSELS
GROUP COMPANY SECRETARY

10 March 2016

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

Date: 10/03/2016 04:06:00 Supplied by www.sharenet.co.za                     
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