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EXX - Exxaro Resources Limited - Exxaro granted temporary interdict on strike 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") EXXARO GRANTED TEMPORARY INTERDICT ON STRIKE Exxaro Resources Limited (Exxaro) advises stakeholders that it has today been granted a temporary interdict from the Labour Court declaring the strike action against the group`s operations unprotected and restraining employees from participating in such a strike. This follows a strike notice being issued by the National Union of Mineworkers earlier this week informing that the union intends starting strike action at Exxaro operations from Monday 13 June 2011. The strike action follows a dispute declared by the union regarding Exxaro`s restructuring plans. The parties met at the CCMA for conciliation last week, however, the matter remained unresolved. Exxaro submitted that it has exceeded the requirements of the Labour Relations Act, including engaging in extensive consultation with unions. The court decision is being communicated to NUM representatives today. Exxaro has previously communicated to stakeholders that it is restructuring parts of the group to improve productivity, reduce cost of services and operations, and streamline its organisational structures. The proposed restructure could lead to about 250 retrenchments but the group is doing everything possible to limit the impact on employees and all options will be examined. The strike action involves all Exxaro operations except the Zincor and Rosh Pinah operations which are not included in the restructuring scope. Contingency plans are in place to avoid or limit potential disruptions to production and product supply and Exxaro will keep stakeholders informed when required. Exxaro remains open to engaging with organised labour to address matters of concern relating to the implementation of the restructuring. A return date for having the temporary interdict confirmed has been set for 31 July 2011. About Exxaro Exxaro is a diversified resources group with interests in the coal, mineral sands, base metals, industrial minerals and iron ore commodities. www.exxaro.com Enquiries: Wim de Klerk Finance Director Tel: + 27 12 307 3173 Mobile: +27 82 652 5145 Email: wim.deklerk@exxxaro.com Pretoria 10 June 2011 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 10/06/2011 17:30:01 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.
