EXXARO RESOURCES LIMITED - Exxaro - Disclosure of holdings by associates of the CEO of Exxao in Exxaro shares

Exxaro - Disclosure of holdings by associates of the CEO of Exxao in Exxaro shares

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: EXX04
ISIN No: ZAG000160326
Bond Code: EXX05
ISIN No: ZAG000160334
(Exxaro or the Company)

DISCLOSURE OF HOLDINGS BY ASSOCIATES OF THE CHIEF EXECUTIVE OFFICER
OF EXXARO IN EXXARO SHARES

Following the recent notices given in terms of paragraphs 3.63 to 3.65 of the JSE Listings
Requirements regarding Exxaro shares sold by associates of the Chief Executive Officer of
Exxaro (CEO) after having received clearance to do so in terms of paragraph 3.66 of the JSE
Listings Requirements, it has come to the Company’s attention that its disclosures in the Annual
Financial Statements for the year ended 31 December 2020 in terms of clauses 8.63 of the JSE
Listings Requirements were incomplete in so far that the CEO’s indirect beneficial shareholdings
via these associates were omitted.

The Company therefore wishes to bring the following additional disclosures to the attention of its
shareholders by:

(1)    amending note 14.5.3 on page 131 of the Group and Company Annual Financial
       Statements for the year ended 31 December 2020 by replacement thereof with the
       following:
         (i)     Number of shares: increase of the CEO’s indirect beneficial interest to
                 5 438 319 from 4 671 041 (2019: 5 438 319 from 4 671 041); and
         (ii)    Percentages (direct and indirect): increase of the CEO’s percentage
                 shareholding to 1.62 from 1.41 (2019: to 1.59 from 1.38).
(2)    amending note 2.1 of Annexure 1 on page 181 of the Group and Company Annual
       Financial Statements for the year ended 31 December 2020 by replacing it with the table
       below, which illustrates the shareholder analysis including the indirect beneficial
       shareholding reflecting the change in (1) above:

       ANNEXURE 1: SHAREHOLDER ANALYSIS
       2.1 EXXARO PUBLIC AND NON-PUBLIC SHAREHOLDING 2020

                                                                                          % of
                                                                                        issued
                                              Number        % of total      Number       share
        Shareholder type                    of holders   shareholders      of shares    capital
        Non-public shareholders                    29           0.126    109 455 176     30.51
        Eyesizwe(1)                                 1           0.004    107 612 026     30.00
        Kumba Management Share
                                                    1           0.004       158 218       0.04
        Trust
        Sondisa Business Trust(2)                   1           0.004       100 000       0.03
        Tenugain Proprietary   Limited(2)           1           0.004       667 278       0.19
        Directors                                   2            0.01
       – PA    Koppeschaar(3)                                                74 792       0.02
       – MDM     Mgojo(3)                                                   372 647       0.10
       Subsidiary directors                        23            0.10       470 215       0.13
       Public shareholders                     22 668          99.874   249 251 578      69.49
       Total                                   22 697          100.00   358 706 754     100.00
       (1) Includes indirect shareholding through Eyesizwe of the
       following directors:
             – MDM Mgojo                                                  4 671 041       1.30
             – VZ Mntambo                                                 4 448 839       1.24
       (2) Includes the indirect beneficial shareholding of MDM Mgojo.
       (3)Includes direct and DBP shareholding.

AK MARé on behalf of Inlexso Proprietary Limited
ACTING GROUP COMPANY SECRETARY

27 May 2021

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

Date: 27-05-2021 08:30:00
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