Universal Coal announcement 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”) ANNOUNCEMENT BY UNIVERSAL COAL IN RELATION TO ARNOT SOUTH The purpose of this announcement is to provide clarity to Exxaro’s shareholders regarding the announcement by Universal Coal Plc (“Universal Coal”), released on the ASX on 20 October 2015, that it has entered into a binding sale of Prospecting Right Agreement (“the sale Agreement”) with Exxaro. The announcement refers to a transaction concluded in 2012 for R89,7 million. However, the last condition precedent to the sale agreement, namely approval, in terms of Section 11 of the Mineral and Petroleum Resources Development Act 28 of 2002, by the Department of Mineral Resources for the transfer of the prospecting rights from Exxaro Coal Proprietary Limited, a subsidiary of Exxaro Resources Limited, remains outstanding. The transaction is not material to Exxaro and for clarity is not related to Exxaro’s operating mine, Arnot Coal Mine, which supplies coal to Eskom’s Arnot Power Station. Universal Coal was obliged to announce this transaction due to their own current corporate actions. Editor’s Note: Exxaro is one of the largest South African-based diversified resources companies, with interests in the coal, titanium dioxide, iron ore and energy commodities. www.exxaro.com Enquiries: Wim de Klerk Finance Director Tel: +27 12 307 4848 Mobile: +27 82 652 5142 Email: wim.deklerk@exxaro.com Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking Division) 20 October 2015 Date: 20/10/2015 05:49:00 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.