EXXARO RESOURCES LIMITED - EXX - Exercise of pledged and matching awards vested and sale in terms of Deferred Bonus Plan Scheme by directors

EXX - Exercise of pledged and matching awards vested and sale in terms of Deferred Bonus Plan Scheme by directors

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 PLEDGED AND MATCHING AWARDS VESTED AND SALE IN TERMS OF
THE DEFERRED BONUS PLAN SCHEME (“DBP SCHEME”) BY DIRECTORS OF EXXARO

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is
hereby given that directors of Exxaro exercised the pledged and matching awards granted in
terms of the DBP 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 pledged and matching awards
                                               vested and/or on market sale in terms of
                                               the DBP Scheme
Nature of interest:                            Direct Beneficial
Date of transaction:                           14 March 2016
DBP vesting date:                              8 March 2016
Vesting period:                                3 years

Name:                                          SA Nkosi
Director:                                      Exxaro Resources Limited
Pledged shares vested and released:            1,326
Strike price per pledged share:                R151.10
VWAP on day of vesting:                        R79.73
Matching shares vested and sold:               1,326
Sale price per share:                          R79.20
Value of shares sold:                          R105 019.20

Name:                                          MDM Mgojo
Director:                                      Exxaro Resources Limited
Pledged shares vested and released:            127
Strike price per pledged share:                R150.93
VWAP on day of vesting:                        R79.73
Matching shares vested and sold:               58
Sale price per share:                          R79.16
Value of shares sold:                          R4 591.28
Matching shares vested and released
(transferred to personal portfolio):           69
Sale price per share:                          R79.16
Value of shares transferred:                   R5 462.04

EXERCISE OF RIGHTS VESTED AND SOLD IN TERMS OF THE SHARE APPRECIATION
SCHEME (SAR 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
further given that a director of a major subsidiary of Exxaro exercised rights vested in terms
of the 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:                  14 March 2016
SAR vesting period:                   7 years

Name:                                 IC Prinsloo
Director:                             Exxaro International Trading AG
SAR vesting date:                     1 April 2012
Number of shares vested and sold:     1,095
Strike price:                         R67.07
VWAP:                                 R79.73
Sale price per share:                 R79.90
Total value of transaction:           R87 490.50


CH WESSELS
GROUP COMPANY SECRETARY

16 March 2016

Sponsor
Absa Bank Limited, acting through its corporate and investment bank division

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