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

EXX - Exxaro Resources Limited - Acceptance of conditional awards granted in    
terms of the long term incentive plan (LTIP) 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 code:  ZAE000084992                                                        
ADR code:  EXXAY                                                                
(Exxaro)                                                                        
ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE LONG TERM INCENTIVE    
PLAN (LTIP) TO DIRECTORS OF EXXARO AND ITS MAJOR SUBSIDIARIES                   
In compliance with clauses 3.63 and 3.65 of the JSE Listings Requirements,      
notice is hereby given that directors of Exxaro and its major subsidiaries, as  
listed below, received and accepted awards granted in terms of LTIP scheme,     
after having received clearance to do so in terms of the JSE Listings           
Requirements 3.66.                                                              
LTIP Performance period:           The vesting of the LTIP awards is conditional
                                  upon the achievement of group performance     
targets over a period of 3 years (01 January  

                                  2012 to 31 December 2014)                     
Class of shares:                   Ordinary                                     
Nature of transaction:             Acceptance of LTIP awards                    
Offer price:                       R0                                           
Nature of interest:                Direct Beneficial                            
Date of transaction:               2 May 2012                                   
Name:                              SA Nkosi (Exxaro Resources Ltd)              
LTIP award:                        68,565                                       
Deemed value based on the                                                       
prevailing market price of                                                      
LTIP shares on 30 March 2012:      R13,544,330.10                               
Name:                              WA de Klerk (Exxaro Resources Ltd)           
LTIP award:                        34,689                                       
Deemed value based on the                                                       
prevailing market price of                                                      
LTIP shares on 30 March 2012:      R6,852,465.06                                
Name:                              MDM Mgojo (Exxaro Coal (Pty) Ltd)            
LTIP award:                        27,812                                       
Deemed value based on the                                                       
prevailing market price of                                                      
LTIP shares on 30 March 2012:      R5,493,982.48                                
Name:                              PE Venter (Exxaro Coal (Pty) Ltd)            
LTIP award:                        28,318                                       
Deemed value based on the                                                       
prevailing market price of                                                      
LTIP shares on 30 March 2012:      R5,593,937.72                                
Name:                              MR Walker (Exxaro Coal (Pty) Ltd)            
LTIP award:                        6,503                                        
Deemed value based on the                                                       
prevailing market price of                                                      
LTIP shares on 30 March 2012:      R1,284,602.62                                
Name:                              WH van Niekerk (Exxaro Coal (Pty) Ltd)       
LTIP award:                        28,283                                       
Deemed value based on the                                                       
prevailing market price of                                                      
LTIP shares on 30 March 2012:      R5,587,023.82                                
Name:                              CH Wessels (Group Company Secretary)         
LTIP award:                        5,345                                        
Deemed value based on the                                                       
prevailing market price of                                                      
LTIP shares on 30 March 2012:      R1,055,851.30                                
CH WESSELS                                                                      
GROUP COMPANY SECRETARY                                                         
3 May 2012                                                                      
Sponsor                                                                         
Deutsche Securities (SA) Proprietary Limited                                    
Date: 03/05/2012 16:44:02 Supplied by www.sharenet.co.za                     
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