EXXARO RESOURCES LIMITED - Exxaro - Share Transactions

Exxaro - 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
Bond Code: EXX04
ISIN No: ZAG000160326
Bond Code: EXX05
ISIN No: ZAG000160334
(Exxaro)

SHARE TRANSACTIONS

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given
that the CEO designate 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 (01/04/2021 to 01/04/2024)
 Class of share:                          Ordinary
 Nature of interest:                      Direct Beneficial
 Offer price:                             R0.00
 Date of transaction:                     31 May 2021
 Vesting date:                            1 April 2024
 Vesting period:                          3 years

 Name:                                    Dr N Tsengwa
 Position:                                Director and CEO designate: Exxaro Resources Limited
                                          and director: Exxaro Coal Proprietary Limited
 LTIP award                               36,649
 Deemed value based on VWAP of            R6,390,119.64
 R174.36 per share on 01 April 2021

Given that this was a receipt and exercise of conditional awards, no on- or off-market trades took place.

AK MARé on behalf of Inlexso Proprietary Limited
ACTING GROUP COMPANY SECRETARY

31 May 2021

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

Date: 31-05-2021 02:40:00
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