Acceptance of conditional awards granted in terms of the Long Term Incentive Plan (LTIP) 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 paragraphs 3.63 to 3.65 of the JSE Limited 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 the LTIP scheme, after having received clearance to do so in terms of paragraph 3.66 of the JSE Limited Listings Requirements. LTIP Performance period: The vesting of the LTIP awards is conditional upon the achievement of group performance targets over a period of 3 years (01/01/2013 to 31/12/2016) Class of shares: Ordinary Nature of transaction: Acceptance of LTIP awards Offer price: R0 Nature of interest: Direct Beneficial Date of transaction: 21 May 2013 Name: SA Nkosi (Exxaro Resources Ltd) LTIP award: 94,011 Deemed value based on the prevailing market price of LTIP shares on 21 May 2013: 15,361,397.40 Name: WA de Klerk (Exxaro Resources Ltd) LTIP award: 58,439 Deemed value based on the prevailing market price of LTIP shares on 21 May 2013: 9,548,932.60 Name: MDM Mgojo (Exxaro Coal (Pty) Ltd) LTIP award: 38,843 Deemed value based on the prevailing market price of LTIP shares on 21 May 2013: 6,346,946.20 Name: PE Venter (Exxaro Coal (Pty) Ltd) LTIP award: 41,015 Deemed value based on the prevailing market price of LTIP shares on 21 May 2013: 6,701,851.00 Name: MR Walker (Exxaro Coal (Pty) Ltd) LTIP award: 8,455 Deemed value based on the prevailing market price of LTIP shares on 21 May 2013: 1,381,547.00 Name: CH Wessels (Group Company Secretary) LTIP award: 8,849 Deemed value based on the prevailing market price of LTIP shares on 21 May 2013: 1,445,926.60 CH WESSELS GROUP COMPANY SECRETARY 21 May 2013 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 21/05/2013 04:30:00 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.