Trading Statement for the year ended 31 December 2014 EXXARO RESOURCES LIMITED Incorporated in the Republic of South Africa (Registration Number: 2000/011076/06) JSE share code: EXX ISIN: ZAE000084992 ADR code: EXXAY (“Exxaro” or “the company”) TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2014 Shareholders are advised that Exxaro will release its reviewed annual financial results for the year ended 31 December 2014 on 05 March 2015. Consolidated net operating profit as well as attributable earnings per share for the year ended 31 December 2014 are expected to show a decrease of more than 20% when compared to the corresponding period of 2013, mainly due to the non-recurring pre-tax impairment loss of R5 803 million of the company’s investment in the Mayoko Project on 30 June 2014. The coal business is expected to report a higher net operating profit for the year ended 31 December 2014 compared to the R2 769 million net operating profit reported in the corresponding period of 2013. This is mainly as a result of higher export and power station coal sales volumes. A lower contribution from Exxaro’s equity-accounted investments is expected for the year ended 31 December 2014 when compared to 2013, mainly as a result of a 32% decrease in earnings from Sishen Iron Ore Company largely attributable to lower iron ore export prices. Attributable losses for the year ended 31 December 2014 are expected to be between R830 million and R998 million. This equates to a basic attributable loss per share of between 234 cents and 281 cents, representing a decrease of between 113% and 116% when compared to the attributable earnings per share of 1 751 cents recorded in the corresponding period in 2013. This is mainly due to the non-recurring post-tax impairment loss recorded in respect of the Mayoko Project in June 2014 to the value of R5 251 million. Basic headline earnings per share, which excludes the impact of any impairment losses, are expected to be between 1 328 cents and 1 381 cents, representing a decrease of between 9% and 6% when compared to the basic headline earnings per share of 1 463 cents of the corresponding period of 2013. The forecast financial information on which this trading statement is based has not been reviewed, audited or reported on by Exxaro’s external auditors. This statement is issued in compliance with the Listings Requirements of the JSE Limited. Editor’s note: Exxaro is one of the largest South African based diversified resources companies, with interests in the coal, titanium dioxide and iron ore commodities. www.exxaro.com Enquiries: Wim de Klerk Finance Director Tel: + 27 12 307 4848 Mobile: +27 82 652 5145 Email: wim.deklerk@exxaro.com Pretoria 20 February 2015 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 20/02/2015 04:00:00 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.