EXXARO RESOURCES LIMITED - Exxaro concludes R13 billion corporate facilities refinancing

Exxaro concludes R13 billion corporate facilities refinancing

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
Bond Issuer code: EXXI
(Exxaro or the Company)

EXXARO CONCLUDES R13 BILLION CORPORATE FACILITIES REFINANCING

Exxaro is pleased to announce that it has successfully reached financial close on R13 billion in new
term facilities, financed by a syndicate of nine local South African commercial banks, asset
managers and international lenders ("New Facilities"), replacing its existing R10 billion corporate
facilities due for maturity in April 2026. The New Facilities are unsecured and have been concluded
on normal commercial terms that are more favourable than the existing facilities.

The terms of the new debt structure are listed below:

    New Facilities
    Type                  Tenor          Interest payment     Applicable margin        Proposed Limit
                                         basis
    Term Loan Bullet      5-years with   Floating             210Bps                   R2.5 billion
                          two-one
                          year
                          extension
                          options
    Term Loan             5-years        Floating             195Bps                   R2 billion
    Amortising            with two-
                          one year
                          extension
                          options
    Recurring    Credit   5-years        Floating             230Bps                   R5.5 billion
    Facility              with two-
                          one year
                          extension
                          options
    Accordion1            5-years        --                   --                       R3 billion


The New Facilities provide Exxaro with the required capital for its ongoing business activities and
the capacity, together with its cash reserves, to continue with the implementation of its strategic
objectives.



1Applicable to all facilities (RCF, Term, Bullet) and subject to credit approval but on pre agreed terms
and pricing.


M NANA
GROUP COMPANY SECRETARY

Enquiries:
Anda Mwanda
Investor Relations
Tel: + 27 12 307 6000
Mobile: +27 76 225 0742
Email: anda.mwanda@exxaro.com

Johannesburg
05 February 2026

 Advisors

 Financial debt advisors:
 RMB Resources Sector Solution           Theza Capital

 Legal advisor:
 MVR Attorneys

 Lead Equity and Debt Sponsor            Joint Equity Sponsor
 Absa Corporate and Investment Bank, a   Tamela Holdings Proprietary Limited
 division of Absa Bank Limited

Date: 05-02-2026 07:05:00
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