Finalisation announcement - Specific Repurchase from MS333 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”) FINALISATION ANNOUNCEMENT: SPECIFIC REPURCHASE FROM MS333 Exxaro shareholders are referred to the circular issued to Exxaro shareholders on 29 November 2016 (“the circular”) in relation to the specific repurchase by Exxaro of Exxaro ordinary shares to the value of R3,524,433,435 (“Specific Repurchase”) from Main Street 333 Proprietary Limited (“MS333”). Further to the general meeting results announcement released on SENS on Friday, 30 December 2016, Exxaro shareholders are advised that all conditions precedent to the Specific Repurchase have been fulfilled and accordingly the Specific Repurchase is unconditional. As detailed in the circular, Exxaro will proceed with the Specific Repurchase from MS333 of 43,943,745 ordinary shares to the value of R3,524,433,435, which shares will be delisted with effect from the commencement of trading on or about Friday, 20 January 2017 and will thereafter be cancelled. Carina Wessels 17 January 2017 Merchant Bank and transaction sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Sponsor Absa Corporate and Investment Bank, a division of ABSA Bank Limited Date: 17/01/2017 07:59:00 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.