EXXARO RESOURCES LIMITED - Changes to the Board

Changes to the Board

EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN: ZAE000084992
ADR code: EXXAY
(“Exxaro” or the “Company”)

CHANGES TO THE BOARD

Shareholders are hereby advised, in compliance with paragraph 3.59 of the Listings Requirements
of the JSE Limited, of the following changes to the Board of Directors (Board), with immediate effect.

As announced on 8 March 2018, three independent director vacancies were created following the
retirement of the following non-executive directors at the Annual General Meeting (AGM) of
24 May 2018:

-   Dr D (Len) Konar
-   Dr CJ (Con) Fauconnier and
-   Mr S (Saleh) Mayet

The Board, once again expresses its sincere appreciation to the above individuals for their
dedication, service, invaluable contribution to the business and commitment during their tenure.

Therefore, following an extensive process of searching for replacement members, the
Board has nominated and extends a warm welcome to:

-   Ms Geraldine Joslyn Fraser-Moleketi: She is a fellow of the Institute of Politics, Kennedy School
    of Government, at Harvard University, and has completed a leadership course at Wharton
    Business School at the University of Pennsylvania. Geraldine holds a master’s degree in
    Administration, University of Pretoria, and has received several awards including the OP
    Dwivedi public service award from the International Association of Schools and Institutes of
    Public Administration and a special award for outstanding achievement from University of
    Pretoria’s School of public management and administration. She is Chancellor of the Nelson
    Mandela University. She also serves as a non executive director on the Board of Standard Bank
    Group as well as Standard Bank South Africa.

-   Mr Mark Moffett: He is a Chartered Accountant SA with more than five years of public company
    board exposure and over 25 years of financial and commercial experience in the mining industry
    with a number of the leading global mining companies. He has held a variety of senior financial
    positions, both operational and corporate and in a number of different countries, with Anglo
    American, De Beers and as CFO of Xstrata Alloys and subsequently as Group Controller of
    Xstrata. Following completion of the merger between Xstrata and Glencore, he returned to
    South Africa to become involved in driving sustainable transformation within the RSA mining
    sector. He currently serves as an independent NED of Royal Bafokeng Platinum and a member
    of their audit committee.

-   Mr Lenamile Isaac Mphatlane: He is the co-founder, shareholder and a director of the Randvest
    Group, its core focus is leveraged acquisitions and strategic investments in mainly technology
    companies. Isaac was a co-founder of BCX, one of Africa’s leading technology companies, and
    currently serves as an independent NED of CrossFin Technologies, a Fintech investment
    holding company. Isaac is Chairman of Bothomed which is currently a shareholder with the PIC
    in the listed Dischem Pharmacies Limited. He is also a member of the Black Management
    Forum, the Electronics Industries Federation of South Africa, the Black Information Technology
   Forum and non-executive deputy chairman of the Catholic Education Investment Company. He
   is the Trustee of his Alma Mater Christian Brother’s College – Kimberley.

The newly appointed directors will bring a richness and diversity of skills to augment the Board in
its leadership of the business and Exxaro’s 2026 strategy. We are pleased to have them on the
Board and look forward to their contribution.

SE VAN LOGGERENBERG
GROUP COMPANY SECRETARY

23 May 2018

Sponsor
ABSA Bank Limited (acting through its Corporate and Investment Banking division)

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