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) EXERCISE OF RIGHTS VESTED AND SOLD IN TERMS OF THE SHARE APPRECIATION SCHEME (SAR SCHEME) BY A DIRECTOR OF EXXARO’S MAJOR SUBSIDIARY COMPANY In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given that a director of Exxaro’s major subsidiary company exercised rights vested in terms of 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 vested in terms of the SAR Scheme and on market sale Nature of interest: Direct Beneficial Date of transaction: 1 September 2014 SAR period: 7 years Name: AM Mukhuba Director: Exxaro Coal Proprietary Limited SAR vesting date: 3 September 2010 Number of shares vested and sold: 804 Strike price: R72.84 VWAP: R150.49 Number of shares: 402 Sale price per share: R151.31 Value of transaction: R60 826.62 Number of shares: 402 Sale price per share: R151.30 Value of transaction: R60 822.60 Value of both transactions: R121 649.22 3 September 2014 CH WESSELS GROUP COMPANY SECRETARY Sponsor Deutsche Securities (SA) Proprietary Limited Date: 03/09/2014 02:00:00 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.