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 major subsidiaries 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:                       Direct Beneficial
Option strike price:                      R0.00
Date of transaction:                      1 May 2023
Vesting date:                             1 April 2026
Vesting period:                           3 years

Name:                                     Mr AS De Angelis
Position:                                 Prescribed officer: Exxaro
LTIP award                                19 822

Name:                                     Mr JG Meyer
Position:                                 Prescribed officer: Exxaro
LTIP award                                26 308

Name:                                     Mr MI Mthenjane
Position:                                 Prescribed officer: Exxaro
LTIP award                                24 608

Name:                                     Mr MR Walker
Position:                                 Director of major subsidiaries: Exxaro Coal (Pty) Ltd,
                                          Exxaro Coal Mpumalanga (Pty) Ltd and Exxaro
                                          International Trading AG
LTIP award                                20 088

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

Andiswa Ndoni
GROUP COMPANY SECRETARY

2 May 2023

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

Date: 02-05-2023 11:54:00
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