EXX - Exxaro Resources Limited - Acceptance of conditional awards granted in

EXX - Exxaro Resources Limited - Acceptance of conditional awards granted in    
terms of the deferred bonus plan scheme ("DBP Scheme") to directors of Exxaro   
and its major subsidiaries                                                      
EXXARO RESOURCES LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
Registration Number:  2000/011076/06                                            
JSE share code:  EXX                                                            
ISIN:  ZAE000084992                                                             
ADR code:  EXXAY                                                                
(Exxaro)                                                                        
ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE DEFERRED BONUS PLAN    
SCHEME ("DBP SCHEME") TO DIRECTORS OF EXXARO AND ITS MAJOR SUBSIDIARIES         
In terms of paragraphs 3.63 and 3.65 of the JSE Listings Requirements notice    
is hereby given that directors of Exxaro and its major subsidiaries received    
and accepted awards granted in terms of the DBP Scheme, after having received   
clearance to do so in terms of paragraph 3.66 of the JSE Listings               
Requirements.                                                                   
Class of shares:              Ordinary                                          
Nature of transaction:        Acceptance of conditional awards released in      
terms of the DBP Scheme                            

Nature of interest:           Direct Beneficial                                 
Date of transaction:          02 May 2012                                       
DBP vesting date:             02 May 2015                                       
Vesting period:               3 years                                           
Name:                         SA Nkosi                                          
Director:                     Exxaro Resources Limited                          
Number of shares:             3,099                                             
Market price per share:       Weighted average price:  R210.49                  
Highest price:                R210.50                                           
Lowest price:                 R210.35                                           
Value of shares:              R652,297.80                                       
Name:                         WA de Klerk                                       
Director:                     Exxaro Resources Limited                          
Number of shares:             1,679                                             
Market price per share:       Weighted average price:  R209.78                  
Highest price:                R210.00                                           
Lowest price:                 R209.58                                           
Value of shares:              R352,222.95                                       
Name:                         MDM Mgojo                                         
Director:                     Exxaro Coal Proprietary Limited                   
Number of shares:             1,455                                             
Strike price per share:       R210.00                                           
Value of shares:              R305,550.00                                       
Name:                         WH van Niekerk                                    
Director:                     Exxaro Coal Proprietary Limited                   
Number of shares:             1,483                                             
Market price per share:       Weighted average price:  R209.98                  
Highest price:                R210.00                                           
Lowest price:                 R209.94                                           
Value of shares:              R311,401.71                                       
CH WESSELS                                                                      
GROUP COMPANY SECRETARY                                                         
Pretoria                                                                        
3 May 2012                                                                      
Sponsor                                                                         
Deutsche Securities (SA) Proprietary Limited                                    
Date: 03/05/2012 14:53:01 Supplied by www.sharenet.co.za                     
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