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EXX - Exxaro - News Release: Exxaro Awarded Additional Entitlement At RBCT 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") NEWS RELEASE: EXXARO AWARDED ADDITIONAL ENTITLEMENT AT RBCT Diversified resources group Exxaro Resources Limited (Exxaro) welcomes today`s announcement by Richards Bay Coal Terminal (RBCT) that the group has been awarded 2,5 million tonnes (Mt) per annum of export entitlement through the RBCT subscription process. This volume will become available on completion of RBCT`s Phase V expansion which will increase RBCT`s overall annual throughput capacity by 19Mt by the second quarter of 2009. The additional 2,5Mt awarded today is in addition to the 0,8Mt per annum RBCT entitlement that Exxaro acquired following the merger with Eyesizwe Coal. Also on completion of the RBCT expansion, Exxaro will receive a further 2Mt of export entitlement via the South Dunes Coal Terminal Company, resulting in Exxaro`s total entitlement increasing to 5,3Mt per annum. "Exxaro needs increased, competitively priced entitlement at RBCT in order to match increasing production of export coal from our current and new mines. Our increased shareholding in RBCT is one of the essential requirements needed to facilitate Exxaro`s growth prospects and is very much aligned with our growth strategy," said Ernst Venter, executive general manager of Exxaro`s coal division. "We now have a significant coal export business, one which will grow hand in hand with Exxaro`s strategy to become a major coal player in South Africa," said Dr Con Fauconnier, Exxaro`s chief executive officer. Editor`s Notes: Exxaro is a diversified resources group with interests in the coal, mineral sands, base metals, industrial minerals and iron ore commodities. Exxaro was formed through the re-listing on the JSE Limited of Kumba Resources in November 2006 as part of a major black economic empowerment transaction in which Kumba`s iron ore assets were unbundled and listed as Kumba Iron Ore, and the non-iron ore assets were merged with the assets of Eyesizwe Coal and re-listed as Exxaro. The Exxaro group is one of the largest suppliers of coal to Eskom, and is currently exporting some 2,5 million tonnes of coal through its limited entitlement at RBCT and the annual lease of additional entitlement. More information is available on www.exxaro.com. Enquiries: Ernst Venter Executive General Manager: Exxaro Coal Tel: +27 (0) 12 307 4322 Mobile: +27 (0) 83 609 1313 10 May 2006 Sponsor: JPMorgan Date: 10/05/2007 16:33:15 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
