EXX - Share Transactions 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) SHARE TRANSACTIONS In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given that a director of Exxaro and a major subsidiary of Exxaro received and accepted conditional awards granted in terms of the Long-Term Incentive Plan scheme (LTIP scheme), after having received clearance to do so in terms of paragraph 3.66 of the JSE Limited Listings Requirements. LTIP performance period: The vesting of the LTIP awards is conditional upon the achievement of group performance targets of a period of 3 years (01/04/2019 to 01/04/2022) Class of share: Ordinary Nature of interest: Direct Beneficial Offer price: R0.00 Date of transaction: 16 May 2019 Vesting period: 3 years Name: PA Koppeschaar Position: Director: Exxaro Resources Limited; Exxaro International Trading AG LTIP award 49 632 Deemed value based on VWAP of R8,178,360.96 R164.78 per share on 01 April 2019 SE VAN LOGGERENBERG GROUP COMPANY SECRETARY 20 May 2019 Sponsor Absa Bank Limited, acting through its corporate and investment bank division Date: 20/05/2019 08:51:00 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.