EXXARO RESOURCES LIMITED - EXX - Board Committee Changes & Exercise of pledged and matching awards vested, released and sold

EXX - Board Committee Changes & Exercise of pledged and matching awards vested, released and sold

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” or the “Company”)

CHANGES TO THE BOARD COMMITTEES OF EXXARO RESOURCES LIMITED AND
EXERCISE OF PLEDGED AND MATCHING AWARDS VESTED, RELEASED AND SOLD
IN TERMS OF THE DEFERRED BONUS PLAN SCHEME (DBP SCHEME) BY A
DIRECTOR OF EXXARO AND THE GROUP COMPANY SECRETARY

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders
of diversified resources group Exxaro are advised that the following changes have been
made to the composition of the Company’s Board Committees with effect from 5 April 2016:
- Dr CJ Fauconnier has been appointed as chairman of the Remuneration and Nomination
  Committee (although the chairman of the Board continues to chair nomination matters).
- Mrs S Dakile-Hlongwane has been appointed as a member of the Social and Ethics
  Committee.

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is
hereby further given that a director of Exxaro and the group company secretary of Exxaro
exercised pledged and matching awards granted in terms of the DBP 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 pledged and matching awards
                                             vested and/or on market sale in terms of
                                             the DBP Scheme
Nature of interest:                          Direct Beneficial
Date of transaction:                         1 April 2016
DBP vesting date                             31 March 2016
Vesting period:                              3 years

Name:                                        MDM Mgojo
Director:                                    Exxaro Resources Limited
Pledged shares vested, released and
transferred to personal portfolio:           3,854
Strike price per pledged share:              R142.00
VWAP on day of vesting:                      R72.97
Matching shares vested and sold:             1,745
Sale price per share:                        R72.35
Value of shares sold:                        R126 250.75
Matching shares vested and released
(transferred to personal portfolio):         2,109
Sale price per share:                        R72.97
Value of shares transferred:                 R153 893.73

Name:                                        CH Wessels
Group Company Secretary:                     Exxaro Resources Limited
Pledged shares vested and released and
transferred to personal portfolio:           428
Strike price per pledged share:              R143.95
VWAP on day of vesting:                      R72.97
Matching shares vested and sold:             428
Sale price per share:                        R72.55
Value of shares sold:                        R31 051.40

CH WESSELS
GROUP COMPANY SECRETARY

5 April 2016

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

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