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EXX - Exxaro - Trading Statement For The 12 Months Ended 31 December 2008 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") TRADING STATEMENT FOR THE 12 MONTHS ENDED 31 DECEMBER 2008 Shareholders are advised that Exxaro will release its audited financial results for the 12-month period ended 31 December 2008 on or about 24 February 2009. Exxaro`s coal business is expected to deliver a substantial improvement in net operating profit for the period under review as strong demand resulted in higher sales at improved average prices when compared to the corresponding period in 2007. The mineral sands business will report a consolidated net operating profit as improved results from the KZN Sands operation and a first contribution from Namakwa Sands, subsequent to its acquisition effective from 1 October 2008, are expected to offset an operating loss in the Australia Sands operation. The base metals business is expected to report a net operating loss due mainly to significantly lower average zinc prices and an increased environmental rehabilitation provision at the Zincor refinery. Exxaro`s attributable earnings which include the group`s equity accounted earnings from its 20% shareholding in Sishen Iron Ore Company (Pty) Ltd also incorporates the financial results of its 26% interest in Black Mountain Mining (Pty) Ltd from 1 November 2008. Attributable earnings for the period under review are expected to be substantially higher at between R3 365 and R3 415 million, with attributable earnings per share being between 981 cents and 997 cents, despite the group`s equity accounted share of the operating loss and an impairment of assets incurred in Black Mountain Mining (Pty) Ltd. Exxaro reported attributable earnings of R1 427 million or 418 cents per share for the corresponding period ended 31 December 2007. Headline earnings, which exclude the impairment of assets in Black Mountain Mining (Pty) Ltd are expected to be between R3 585 million and R3 635 million, or 1 045 cents and 1 060 cents per share, compared to R1 448 million or 425 cents per share reported for the corresponding period ended 31 December 2007. Exxaro will provide for comparative purposes only, comparable unaudited supplementary financial and physical information in the release of its financial results for the 12-month period ended 31 December 2008 as if the investments in Namakwa Sands and Black Mountain Mining (Pty) Ltd had been acquired on 1 January 2007. The financial information, on which this trading statement is based, has not been reviewed nor reported on by Exxaro`s auditors. This statement is issued in compliance with section 3.4(b) of the Listings Requirements of the JSE Limited. Editors note: Exxaro is one of the largest South African-based diversified resources companies, with interests in the coal, mineral sands, base metals and iron ore commodities. Enquiries: Trevor Arran Executive General Manager: Corporate Affairs & Strategy Tel: +27 12 307 3292 Mobile: +27 83 609 1444 Email: trevor.arran@exxaro.com Pretoria 16 February 2009 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 16/02/2009 16:30:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
