Exercise of rights vested and sold in terms of the Share Appreciation Scheme (SAR Scheme) by a director of Exxaro 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” or “the company”) EXERCISE OF RIGHTS VESTED AND SOLD IN TERMS OF THE SHARE APPRECIATION SCHEME (SAR Scheme) BY A DIRECTOR OF EXXARO In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements notice is hereby given that a director of Exxaro received and accepted awards granted in terms of the SAR Scheme and sold Exxaro ordinary shares, after having received clearance to do so in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Class of shares: Ordinary Nature of transaction: Exercise of rights granted and on market sale in terms of the SAR Scheme Nature of interest: Direct Beneficial Date of transaction: 12 November 2013 SAR period: 7 years Name: WA de Klerk Director: Exxaro Resources Limited SAR vesting date: 1 April 2011 Number of shares vested: 4 315 Strike price: R112.35 Sale price per share: R150.25 Value of shares: R648 328.75 Name: WA de Klerk Director: Exxaro Resources Limited SAR vesting date: 1 April 2012 Number of shares vested: 21 146 Strike price: R67.07 Sale price per share: R150.30 Value of shares: R3 178 243.80 Name: WA de Klerk Director: Exxaro Resources Limited SAR vesting date: 1 April 2013 Number of shares vested: 3 616 Strike price: R126.77 Sale price per share: R150.30 Value of shares: R543 484.80 14 November 2013 CH WESSELS GROUP COMPANY SECRETARY Sponsor Deutsche Securities (SA) Proprietary Limited Date: 14/11/2013 10:30:00 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.