Exercise of rights vested and sold in terms of the Share Appreciation Scheme 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 DIRECTORS OF EXXARO AND ITS MAJOR SUBSIDIARY In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements notice is hereby given that directors of Exxaro and its major subsidiary 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: 14 November 2013 SAR period: 7 years Name: SA Nkosi Director: Exxaro Resources Limited SAR vesting date: 1 March 2010 Number of shares vested: 23 133 Strike price: R60.60 Sale price per share: R150.30 Value of shares: R3 476 889.90 Name: MDM Mgojo Director: Exxaro Coal Proprietary Limited SAR vesting date: 1 March 2010 Number of shares vested: 10 968 Strike price: R60.60 Shares transferred into his portfolio: 6 141 Number of shares sold: 4 827 Sale price per share: R150.05 Value of shares: R724 291.35 15 November 2013 CH WESSELS GROUP COMPANY SECRETARY Sponsor Deutsche Securities (SA) Proprietary Limited Date: 15/11/2013 03:15:00 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.