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Exxaro Resources Limited - Exx - Change In Credit Rating By Standard & Poor

Release Date: 10/08/2017 17:05:00      Code(s): EXX02 EXX03 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
Bond Code: EXX02
ISIN Code: ZAG000115965
Bond Code: EXX03
ISIN Code: ZAG000115973

(Exxaro)


EXXARO RESOURCES LIMITED: CORPORATE AND INFRASTRUCTURE SOUTH
AFRICAN NATIONAL SCALE RATINGS RAISED ON UPDATED MAPPING CRITERIA BY
STANDARD & POORS? RATINGS SERVICES

Notice is hereby given in terms of the Debt Listings Requirements of the JSE Limited that
Standard and Poors? (S&P) has on 9 August 2017 raised South Africa national scale issue
and issuer ratings on 15 corporate and infrastructure issuers. The rating actions follow from
their revised mapping table for South African national scale ratings. The rating changes are
purely a result of the revisions to the mapping table, with the intention of creating the most
appropriate distinction among ratings on the national scale, and do not represent a change in
S&P view of the credit quality of the issue or issuer.

S&P Global Ratings have, as a result, taken the following rating actions on Exxaro: to raise
its Corporate Credit rating to ?zaBBB? from ?zaBB-? and its long-term senior unsecured ratings
to ?zaBBB? from ?zaBB?.

For further information see "General Criteria: S&P Global Ratings' National and Regional
Scale        Mapping       Tables?,      published      27       July       2017     on
www.standardandpoors.com/ratingsdirect.



CH WESSELS
GROUP COMPANY SECRETARY

10 August 2017

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

Date: 10/08/2017 05:05:00 Supplied by www.sharenet.co.za                     
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