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EXX - Exxaro Resources Limited - Trading statement for the 12-month period ended 31 December 2010 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") TRADING STATEMENT FOR THE 12-MONTH PERIOD ENDED 31 DECEMBER 2010 Shareholders are advised that Exxaro will release its audited financial results for the 12-month period ended 31 December 2010 on 24 February 2011. Consolidated net operating profit for the group is expected to show a considerable improvement when compared to the corresponding period in 2009. The group results were positively impacted by a strong global economic recovery resulting in generally higher commodity prices and volumes for the period, partially offset by a stronger local currency and Australian dollar. Exxaro`s coal business is expected to deliver higher operating results for the period under review when compared to the corresponding period in 2009, mainly due to higher international coal selling prices and an increase in domestic sales volumes, partially offset by the negative impact of a stronger local currency. The mineral sands business will report a consolidated net operating profit despite the negative impact of a stronger local- and Australian currency, due to higher commodity prices, improved sales volumes, disciplined cost management as well as the final proceeds of an insurance claim for the water ingress incident that occurred at the KZN Sands Furnace 2 in February 2008. The base metals business is expected to report a higher operating loss for the 12-month period ended 31 December 2010, mainly due to production challenges experienced at Zincor, commodity price hedging losses, the higher cost of external purchases of concentrate as well as higher selling, distribution, electricity and maintenance expenses. Headline earnings per share for the 12 months ended 31 December 2010 are expected to be between 1 390 cents and 1 532 cents representing an increase of between 91% and 110% when compared to the corresponding period in 2009. Attributable earnings for the 12 months ended 31 December 2010 are expected to be between R5 053 million and R5 261 million. This equates to attributable earnings per share of between 1 456 cents and 1 516 cents representing an increase of between 391% and 411% when compared to the corresponding period in 2009. When excluding the impairment of the KZN Sands assets in 2009, the attributable earnings per share represent an increase of between 104% and 113%. The financial information on which this trading statement is based has not been reviewed nor reported on by Exxaro`s external auditors. This statement is issued in compliance with section 3.4 (b) of the Listings Requirements of the JSE Limited. Editors note: Exxaro is one of the largest South African based diversified resources companies, with interest in the coal, mineral sands, base metals and iron ore commodities. Enquiries: Wim de Klerk Finance Director Tel: +27 12 307 4848 Mobile: +27 82 652 5145 Email: wim.deklerk@exxaro.com Pretoria 17 February 2011 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 17/02/2011 10:00:01 Supplied by www.sharenet.co.za 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.
