EXXARO RESOURCES LIMITED - Acceptance of conditional awards granted in terms of the Long Term Incentive Plan

Acceptance of conditional awards granted in terms of the Long Term Incentive Plan

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”)


ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE LONG
TERM INCENTIVE PLAN (LTIP) BY A DIRECTOR OF EXXARO, DIRECTORS OF ITS
MAJOR SUBSIDIARIES AND GROUP COMPANY SECRETARY

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is
hereby given that a director of Exxaro and directors of its major subsidiaries received and
accepted awards granted in terms of the 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 group performance targets over a period
                                of 3 years (01/01/2014 to 31/12/2017)
Class of shares:                Ordinary
Nature of transaction:          Acceptance of LTIP awards
Offer price based on the
face value:                     R140.08
Nature of interest:             Direct Beneficial
Date of transaction:            12 May 2014


Name:                           PE Venter
Director:                       Exxaro Coal Proprietary Limited and Exxaro Coal
                                Mpumalanga Proprietary Limited
LTIP award:                     50,523
Deemed value based on the
prevailing market price of
LTIP shares on 31 March 2014 R7,077,261.84

Name:                           WA de Klerk
Director                        Exxaro Resources Limited
LTIP award:                     82,010
Deemed value based on the
prevailing market price of
LTIP shares on 31 March 2014    R11,487,960.80

Name:                          AM Mukhuba
Director:                      Exxaro Coal Proprietary Limited
LTIP award:                    9,678
Deemed value based on the
prevailing market price of
LTIP shares on 31 March 2014   R1,355,694.24

Name:                          MR Walker
Director:                      Exxaro International Trading BV
LTIP award:                    10,455
Deemed value based on the
prevailing market price of
LTIP shares on 31 March 2014   R1,464,536.40

Name:                          CH Wessels
Director:                      Group Company Secretary
LTIP award:                    10,942
Deemed value based on the
prevailing market price of
LTIP shares on 31 March 2014   R1,532,755.36


CH WESSELS
GROUP COMPANY SECRETARY

12 May 2014


Sponsor
Deutsche Securities (SA) Proprietary Limited

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