Sharenet Sites 
Sharenet Sites
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 Issuer Code: EXXI
ISIN No: ZAG000160334
(Exxaro)
SHARE TRANSACTIONS
In terms of paragraphs 3.63 to 3.65 of the JSE Limited (JSE) Listings Requirements, notice is hereby
given that a prescribed officer of Exxaro received and accepted conditional awards granted, and a
director of of a major subsidiary of Exxaro exercised awards granted in terms of the Long Term Incentive
Plan (LTIP) and sold Exxaro ordinary shares, after having received clearance to do so in terms of
paragraph 3.66 of the JSE 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 (01/01/2025 to 31/12/2027). The
performance conditions include performance targets for
growth in Return on Capital Employed (ROCE), Total
Shareholder Return (TSR) and achievement in
Environmental, Social and Governance (ESG).
Class of share: LTIP Ordinary Shares
Nature of transaction: Off-market award in terms of the LTIP Scheme
Nature of interest: Indirect Beneficial
Option strike price: R0.00
Acceptance date: 04 December 2025
Award date: 01 November 2025
Vesting date: 01 November 2028
Vesting period: 3 years from award date
Name: Mrs NM Monareng
Position: Prescribed Officer: Exxaro Resources Limited
Number of LTIP shares awarded: 33 060
Class of share: LTIP Ordinary Shares
Nature of transaction: Exercise awards vested and released and on-market sale of
shares in terms of the LTIP Scheme targets over a period of
3 years (01/12/2022 to 01/12/2025)
LTIP Nature of interest: Direct Beneficial
LTIP Vesting date: 01 December 2025
LTIP Vesting period: 3 years from award date
LTIP Transaction date: 04 December 2025
Name: Mr MR Walker
Position: Director of major subsidiaries: Exxaro Coal (Pty) Ltd and
Exxaro International Trading AG
Total LTIP Vested: 3 692
LTIP shares vested and sold: 1 703
Price per share: R176.42
Value of LTIP shares sold: R300 443.26
LTIP shares vested and released: 1 989
VWAP per share determined on 01 R174.32
December 2025:
Value of LTIP shares: R346 722.48
M Nana
GROUP COMPANY SECRETARY
05 December 2025
Lead Equity and Debt Sponsor Joint Equity Sponsor
Absa Corporate and Investment Bank, a Tamela Holdings Proprietary Limited
division of Absa Bank Limited
Date: 05-12-2025 01:09:00
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.
