EXX - Exercise of pledged and matching awards vested and released in terms of the Deferred Bonus Plan Scheme 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 RELEASED IN TERMS OF THE DEFERRED BONUS PLAN SCHEME (“DBP SCHEME”) BY A DIRECTOR AND A MAJOR SUBSIDIARY DIRECTOR OF EXXARO In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given that a director and a director of a major subsidiary of Exxaro exercised the pledged and matching awards granted in terms of the DBP Scheme, 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 transferred to personal portfolio in terms of the DBP Scheme Nature of interest: Direct Beneficial Date of transaction: 15 March 2016 DBP vesting date: 8 March 2016 Vesting period: 3 years Name: WA de Klerk Director: Exxaro Resources Limited Pledged shares vested and released: 827 Strike price per pledged share: R152.76 VWAP on day of vesting: R79.75 Matching shares vested and released (transferred to personal portfolio): 827 Value of shares transferred (based on VWAP): R65 953.25 Name: N Tsengwa Director: Exxaro Coal Mpumalanga Proprietary Limited Pledged shares vested and released: 87 Strike price per pledged share: R151.10 VWAP on day of vesting: R79.75 Matching shares vested and released (transferred to personal portfolio): 87 Value of shares transferred (based on VWAP): R6 938.25 CH WESSELS GROUP COMPANY SECRETARY 16 March 2016 Sponsor Absa Bank Limited, acting through its corporate and investment bank division Date: 16/03/2016 04:53:00 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.