Investor Presentation 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” or the “Group”) INVESTOR PRESENTATION Shareholders are referred to the SENS announcement released on Tuesday, 22 November 2016 relating to the unwind of Exxaro’s existing BEE transaction, terms of a replacement BEE transaction and cautionary announcement. A dial-in teleconference call on the details of this announcement will be held on Thursday, 24 November 2016 at 16h30 South African time. The investor presentation is available for download on the Exxaro website (www.exxaro.com) Teleconference details: Dial-in teleconference numbers - Republic of South Africa toll-free: 0800 200 648 - Johannesburg: 011 535 3600 / 010 201 6800 - UK toll-free: 0808 162 4061 - USA and Canada toll-free: 1 855 481 5362 - Conference ID: Exxaro BEE Transaction teleconference Playback A playback will be available until 30 November 2016. To access the playback, dial one of the following numbers using the playback code 54777#: - South Africa: 011 305 2030 - UK (Toll-free): 0808 234 6771 - USA & Canada: 1 855 481 5363 - Australia (Toll-free): 1 800 091 250 CH Wessels Group Company Secretary Pretoria 24 November 2016 Financial advisor and transaction sponsor to Exxaro Rand Merchant Bank, a division of FirstRand Bank Limited Company sponsor to Exxaro Absa Bank Limited, acting through its corporate and investment bank division Date: 24/11/2016 01:00:00 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.