Trading Statement for the year ended 31 December 2016 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”) TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2016 Shareholders are advised that Exxaro and its directors have reasonable certainty relating to the expected financial results of Exxaro for the year ended 31 December 2016. Attributable earnings for the year ended 31 December 2016 are expected to be between R5 169 million and R6 078 million. This is mainly due to higher net operating profit contribution from the coal business as well as higher equity-accounted income from investments coupled with the non-recurring impairment loss recorded in respect of the goodwill which arose on the acquisition of Exxaro Coal Central Proprietary Limited (ECC) during 2015. Attributable earnings per share (AEPS) are therefore expected to be between 1 456 cents and 1 712 cents per share compared to the 83 cents per share attributable earnings reported for the year ended 31 December 2015. Headline earnings per share (HEPS) are expected to be between 1 173 cents per share and 1 365 cents per share compared to 457 cents per share reported in 2015. Shareholders are advised that Exxaro will release its reviewed financial results for the year ended 31 December 2016 on 9 March 2017. The forecast financial information on which this trading statement is based has not been reviewed, audited nor reported on by Exxaro’s external auditors. This statement is issued in compliance with the JSE Listings Requirements. Editor’s note: Exxaro is one of the largest South African based diversified resources companies, with interests in the coal, titanium dioxide and chemicals, iron ore and renewable energy commodities. www.exxaro.com Enquiries: Mzila Mthenjane, Executive head: Stakeholder affairs Tel: + 27 12 307 7393 Mobile: +27 83 417 6375 Email: Mzila.mthenjane@exxaro.com Pretoria 2 March 2017 Sponsor: Absa corporate and investment bank, a division of Absa Bank Limited Date: 02/03/2017 10:03:00 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.