EXXARO RESOURCES LIMITED - EXX - Special Dividend of R4.5 BN

EXX - Special Dividend of R4.5 BN

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” or the “Company”)

SPECIAL DIVIDEND OF R4,5BN

In October 2017 Exxaro disposed of a portion of its shareholding in Tronox Limited (“Tronox”) following its announcement
in March 2017 to monetise its stake in Tronox in a staged process over time to focus on its core operations. In assessing
the application of the proceeds realised on the sale, the board of directors of Exxaro considered its growth prospects,
future capital commitments, the repayment of debt and the return of capital to its shareholders.

Following the evaluation of the group’s capital structure, the board of directors has resolved to pay a special dividend of
R4,5 billion out of income reserves, which equates to 1255 cents per Exxaro ordinary share (“Exxaro share”).

For future Tronox share disposals the board of directors will continue to evaluate its funding requirements for future capital
commitments, to repay debt and to return capital to shareholders.

This special dividend has been approved by the Financial Surveillance Department of the South African Reserve Bank.

The special dividend is a dividend defined in the Income Tax Act, 1962. In terms of the dividend tax amendments which
came into effect on 22 February 2017, the following additional information is disclosed:
   - The local withholding tax on dividends rate is 20%; a net local dividend amount of 1004 cents per Exxaro share is
       payable for shareholders liable to pay the dividend tax and 1255 cents per Exxaro share for shareholders exempt
       from paying the dividend tax;
   - The issued share capital of Exxaro at declaration date is 358 706 754 ordinary shares.
   - The income tax reference number of the Company is 9218 098 14 4.

The timetable for the special dividend is set out below:

 Declaration date                                     Tuesday, 13 February 2018
 Last day to trade                                    Tuesday, 27 February 2018
 Trading ex-dividend                                  Wednesday, 28 February 2018
 Record date                                          Friday, 2 March 2018
 Payment date                                         Monday, 5 March 2018

No dematerialisation or rematerialisation of share certificates will be allowed during the period Wednesday,
28 February 2018 to Friday, 2 March 2018.

ENQUIRIES
Mzila Mthenjane, Executive Head: Strategy & Stakeholder Engagement
Tel: + 27 12 307 7393
Mobile: +27 83 417 6375
Email: Mzila.mthenjane@exxaro.com

Saret van Loggerenberg
Group Company Secretary & Legal
13 February 2018

Sponsor
Absa Bank Limited, acting through its corporate and investment banking division

Date: 13/02/2018 07:05:00 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.