Financial Assistance for 2017 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 2017 FINANCIAL YEAR As in previous years and in compliance with section 45 of the Companies Act 71 of 2008, as amended, (the Act) shareholders of diversified resources group Exxaro are advised that, pursuant to the authorisation granted at the annual general meeting of Exxaro held on 26 May 2016, the board of directors of the Company (the directors) at its meeting held on 30 November 2016, 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 (2016: also R15 billion), at any time and from time to time during the period 1 January 2017 to 31 December 2017. 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. CARINA WESSELS GROUP COMPANY SECRETARY Pretoria 30 November 2016 Sponsor Absa Bank Limited, acting through its corporate and investment bank division Date: 30/11/2016 03:09:00 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.