Acceptance of conditional awards granted in terms of the Long Term Incentive Plan 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”) ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE LONG TERM INCENTIVE PLAN (LTIP SCHEME) BY A DIRECTOR OF A MAJOR SUBSIDIARY OF EXXARO In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given that a director of a major subsidiary of Exxaro received and accepted conditional 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 (01/05/2015 to 30/04/2018) Class of shares: Ordinary Nature of transaction: Acceptance of LTIP awards Offer price: R0 Nature of interest: Direct Beneficial Date of transaction: 12 June 2015 Name: MDM Mgojo Director: Exxaro Coal Proprietary Limited and Exxaro Coal Mpumalanga Proprietary Limited LTIP award: 63,889 Deemed value based on the prevailing market price of Exxaro shares of R97.98 per share on 12 June 2015: R6,259,844.22 CH WESSELS GROUP COMPANY SECRETARY 12 June 2015 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 12/06/2015 03:45:00 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.