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EXX - Exxaro Resources Limited - Trading statement for the year ended 31 December 2011 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 YEAR ENDED 31 DECEMBER 2011 Shareholders are advised that Exxaro will release its audited financial results for the year ended 31 December 2011 on 23 February 2012. Consolidated net operating profit for the group is expected to show an improvement when compared with the corresponding period in 2010, mainly due to strong demand and generally higher prices across the majority of its commodity suite, partially offset by a stronger average realised local currency and Australian dollar against the US dollar. The coal business is expected to deliver higher operating profit than the corresponding period in 2010 primarily due to higher export volumes at higher international selling prices, despite lower sales volumes from its operations captive to Eskom. It is expected that the mineral sands business will also report a higher operating profit than the corresponding period in 2010 due to a general increase in selling prices of its products, in addition to the partial impairment reversal of approximately R869 million of the carrying value of the property, plant and equipment at the KZN Sands operations. The base metals business will report a consolidated net operating loss due to the decision taken by the board of directors of Exxaro to cease operations at the Zincor refinery, compounded by an impairment of R516 million of the carrying value of the Zincor property, plant and equipment. Headline earnings per share, which exclude the impact of the impairment of the carrying value of the Zincor property, plant and equipment as well as the impact of the partial impairment reversal of the carrying value of the KZN Sands property, plant and equipment for the year ended 31 December 2011, are expected to be between1 901 cents and 2 140 cents, representing an increase of between 27% and 43% when compared with the comparative period in 2010. Attributable earnings for the year ended 31 December 2011 are expected to be between R6 964 million and R7 806 million. This equates to attributable earnings per share of between 2 001 cents and 2 243 cents, representing an increase of between 33% and 49% when compared with the corresponding period in 2010. The forecast financial information on which this trading statement is based has not been reviewed, audited nor reported on by Exxaro`s external auditors. This statement is issued in compliance with the Listings Requirements of the JSE Limited. Editors note: Exxaro is one of the largest South African based diversified resources companies, with interests in the Coal, Mineral sands, Base metals and Iron ore commodities. www.exxaro.com Enquiries: Wim de Klerk Finance Director Tel: + 27 12 307 4848 Mobile: +27 82 652 5145 Email: wim.deklerk@exxaro.com Pretoria 03 February 2012 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 03/02/2012 07:30:01 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.
