EXX - Revised Trading Statement for the year ended 31 December 2017 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” or the “Group”) REVISED TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2017 In compliance with section 3.4(b) of the JSE Listings Requirements, Exxaro is pleased to provide further guidance to the market regarding the anticipated headline earnings per share (HEPS) and attributable earnings per share (AEPS) ranges for the year ended 31 December 2017, after finalisation of the implementation costs associated with the Replacement BEE Transaction. Further to the trading statement published on 2 March 2018, shareholders are advised that HEPS for the year ended 31 December 2017 will be between 452 cents per share and 532 cents per share in comparison to HEPS of 1 302 cents per share for the year ended 31 December 2016. The trading statement of 2 March 2018 indicated a HEPS of between 24 cents per share and 29 cents per share for the year ended 31 December 2017. AEPS for the year ended 31 December 2017 will increase between 15% and 23% for the year ended 31 December 2017 compared to 1 600 cents per share for the year ended 31 December 2016. The trading statement of 2 March 2018 indicated an AEPS decrease of between 6% and 15% (approximately between 1 360 cents per share and 1 500 cents per share) for the year ended 31 December 2017. The range previously provided in the trading statement of 2 March 2018 for core HEPS and core AEPS will remain unchanged (an increase between 30% and 42% compared to 1 457 cents per share for the year ended 31 December 2016). Shareholders are advised that Exxaro will release its reviewed financial results for the year ended 31 December 2017 on 8 March 2018. 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 Saret van Loggerenberg Group Company Secretary and Legal Pretoria 6 March 2018 Sponsor Absa Bank Limited, acting through its corporate and investment banking division Date: 06/03/2018 05:45:00 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.