EXXARO RESOURCES LIMITED - Exx - Share Transactions

Exx - Share Transactions

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: EXX05
ISIN No: ZAG000160334
(Exxaro)

SHARE TRANSACTIONS

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given that
prescribed officers and a director of a major subsidiary of Exxaro received and accepted conditional awards
granted in terms of the Long-Term Incentive Plan scheme (LTIP scheme), after having received clearance to do
so in terms of paragraph 3.66 of the JSE Limited Listings Requirements.

LTIP performance period:                       The vesting of the LTIP awards is conditional upon the
                                               achievement of Exxaro group performance targets over a
                                               period of 3 years (01/04/2023 to 01/04/2026)
Class of share:                                LTIP Ordinary Shares
Nature of interest:                            Indirect Beneficial
Option strike price:                           R0.00
Date of transaction:                           3 May 2023
Vesting date:                                  1 April 2026
Vesting period:                                3 years

Name:                                          Mr M Veti
Position:                                      Prescribed officer: Exxaro
LTIP award                                     24 271

Name:                                          Mr ML Ramashilabele
Position:                                      Director of major subsidiary: Exxaro Coal Mpumalanga (Pty)
                                               Ltd
LTIP award                                     19 371

Name:                                          Mr PK Masia
Position:                                      Prescribed officer: Exxaro
LTIP award                                     42 264

Given that this was a receipt and exercise of conditional awards, no on- or off-market trades took place.

Andiswa Ndoni
GROUP COMPANY SECRETARY

4 May 2023

 Lead Equity and Debt Sponsor                                Joint Equity Sponsor
 Absa Corporate and Investment Bank, a division of           Tamela Holdings Proprietary Limited
 Absa Bank Limited

Date: 04-05-2023 12:13:00
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