EXX - Exxaro Resources - Acceptance Of Conditional Awards Granted In Terms

EXX - Exxaro Resources - Acceptance Of Conditional Awards Granted In Terms      
     Of The Rules Of Exxaro`s Long Term Incentive Plan ("LTIP") And Share       
           Appreciation Rights ("SAR") Scheme                                   
Exxaro Resources Limited                                                        
(formerly Kumba Resources Limited)                                              
Incorporated in the Republic of South Africa                                    
(Registration Number: 2000/011076/06)                                           
Share Code: EXX                                                                 
ISIN Number: ZAE000084992                                                       
("Exxaro" or "the company")                                                     
ACCEPTANCE  OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE RULES OF  EXXARO`S    
LONG  TERM  INCENTIVE  PLAN ("LTIP") AND SHARE APPRECIATION  RIGHTS  ("SAR")    
SCHEME                                                                          
In  compliance  with clauses 3.63 and 3.64 of the JSE Listings  Requirements    
notice  is  hereby given that, as at 26 May 2008, the director listed  below    
accepted incentive awards as indicated:                                         
LTIP Performance period:              The  vesting  of the  LTIP  awards  is    
                              conditional  upon  the achievement  of  group     
                              performance targets over a period of 3  years     
(01/01/2008 to 31/12/2010)                        

Class of shares:               Ordinary                                         
Nature of transaction:         Acceptance of LTIP awards                        
Nature of interest:                   Direct Beneficial                         
SAR Performance period:               The  vesting  of  the  SAR  awards  is    
                              conditional  upon  the achievement  of  group     
                              performance targets over a minimum period  of     
                              3  years and maximum period of 5 years (total     
lapse  period  of  7 years  -  01/04/2008  to     

                              01/04/2015)                                       
Class of shares:               Ordinary                                         
Nature of transaction:         Acceptance of SAR awards                         
Nature of interest:            Direct Beneficial                                
Name of director:        SA Nkosi                                               
LTIP award:              41,782                                                 
SAR award:               41,780                                                 
Strike price:            R112.35                                                
Clearance  in  terms  of  3.66  of the JSE Listings  Requirements  has  been    
obtained.                                                                       
MS VILJOEN                                                                      
COMPANY SECRETARY                                                               
Sponsor                                                                         
JP Morgan Equities Limited                                                      
26 May 2008                                                                     
Date: 26/05/2008 16:48:56 Supplied by www.sharenet.co.za                     
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