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Exxaro Resources Limited - Financial Assistance For 2017 Financial Year

Release Date: 30/11/2016 15:09:00      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, Company or group)


FINANCIAL ASSISTANCE FOR 2017 FINANCIAL YEAR


As in previous years and in compliance with section 45 of the Companies Act 71 of 2008,
as amended, (the Act) shareholders of diversified resources group Exxaro are advised that,
pursuant to the authorisation granted at the annual general meeting of Exxaro held on 26
May 2016, the board of directors of the Company (the directors) at its meeting held on
30 November 2016, has approved, in accordance with section 45 of the Act, the giving of
financial assistance to related and interrelated companies of the group up to an amount not
exceeding R15 billion (2016: also R15 billion), at any time and from time to time during the
period 1 January 2017 to 31 December 2017.

The directors have confirmed that, after considering the reasonably foreseeable financial
circumstances of the Company, it is satisfied that, immediately after providing such
financial assistance, the Company will satisfy the solvency and liquidity test, as
contemplated in section 45 of the Act and detailed in section 4 of the Act; and that the
terms under which such assistance is proposed to be given are fair and reasonable to the
Company.




CARINA WESSELS
GROUP COMPANY SECRETARY


Pretoria

30 November 2016




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

Date: 30/11/2016 03:09:00 Supplied by www.sharenet.co.za                     
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