DEUTSCHE BANK AG LONDON - DECLARED DISTRIBUTION ANNOUNCEMENT ON EXXARO STUB

DECLARED DISTRIBUTION ANNOUNCEMENT ON EXXARO STUB

Deutsche Bank AG
6 Month Rump Certificate on Exxaro Resources Limited less Kumba Iron ore
Limited
Share code: DBEXX4
ISIN: DE000DL54R57

(“EXXARO STUB”)

A Certificate listed by Deutsche Bank AG acting through its London Branch.

DECLARED DISTRIBUTION ANNOUNCEMENT ON EXXARO STUB

With reference to the dividend announcement, the Directors of Exxaro
Resources Limited have declared a dividend of 410 cents per ordinary share
payable on Monday, 24 April 2017 to ordinary shareholders recorded in the
books of the company at the close of business on Friday, 21 April 2017.

Accordingly holders of EXXARO STUB certificates are advised that the
distribution payable on or about 24 April 2017 will be equal to 410 cents per
certificate.

The last date to trade in order to participate in the certificate is Tuesday,
18 April 2017. The certificate will start trading “ex” the dividend from the
commencement of business on Wednesday, 19 April 2017 and the record date will
be Friday, 21 April 2017.

11 April 2017

Manager or Issuer:

Deutsche Bank AG, London

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