Financial assistance for 2016 financial year 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, Company or group) FINANCIAL ASSISTANCE FOR 2016 FINANCIAL YEAR Shareholders of diversified resources group Exxaro are reminded of the announcement made on the Stock Exchange News Service on 3 December 2014 regarding the provision of financial assistance to related and inter-related parties of Exxaro for the 2015 financial year. This type of transaction and resultant announcement has become standard practice in order to, inter alia, specifically permit the funding (including effective cash management within a group) of subsidiaries and associates within larger groups, in compliance with the requirements of the Companies Act 71 of 2008, as amended (the Act). In Exxaro, financial assistance requirements for the forthcoming financial year are reviewed and approved by the Board of Directors in November of each year. Therefore, in compliance with section 45 of the Act, shareholders are advised that, pursuant to the authorisation granted at the Annual General Meeting of Exxaro held on 26 May 2015, the Board of Directors of the Company (the Directors) at its meeting held on 26 November 2015, has approved, in accordance with section 45 of the Act, the giving of financial assistance to related and interrelated companies of the group up to an amount not exceeding R15 billion (2015: R40 billion), at any time and from time to time during the period 1 January 2016 to 31 December 2016. The Directors have confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after providing such financial assistance, the Company will satisfy the solvency and liquidity test, as contemplated in section 45 of the Act and detailed in section 4 of the Act; and that the terms under which such assistance is proposed to be given are fair and reasonable to the Company. Sponsor Absa Bank Limited (acting through its Corporate and Investment Banking division) Pretoria 26 November 2015 Date: 26/11/2015 12:14:00 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.