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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
Bond Issuer Code: EXXI
(Exxaro)
SHARE TRANSACTIONS
In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given
that the following executive directors, prescribed officers and directors of major subsidiaries of Exxaro
received and accepted conditional awards granted in terms of the Long Term Incentive Plan (LTIP), 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 Exxaro Group performance targets over a
period of 3 years (01/01/2025 to 31/12/2027). The
performance conditions include performance targets for
growth in Return on Capital Employed (ROCE), Total
Shareholder Return (TSR) and achievement in
Environmental, Social and Governance (ESG).
Class of share: LTIP Ordinary Shares
Nature of transaction: Off-market award in terms of the LTIP Scheme
Nature of interest: Indirect Beneficial
Option strike price: R0.00
Award date: 13 May 2025
Vesting date: 13 May 2028
Acceptance date: 28 May 2025
Vesting period: 3 years from award date
Name: Mrs E Cockrell
Position: Director of major subsidiary: Exxaro International Trading
AG
Number of LTIP shares awarded: 9 343
Name: Ms ZZ Hlophe
Position: Director of major subsidiary: Exxaro Coal (Pty) Ltd
Number of LTIP shares awarded: 7 996
Name: Mr T Ratsheko
Position: Prescribed Officer (Acting): Exxaro Resources Limited
Number of LTIP shares awarded: 15 407
Name: Mr B Magara
Position: Executive director & CEO: Exxaro Resources Limited
Number of LTIP shares awarded: 188 726
Name: Ms M Phejaolema
Position: Director of major subsidiary: Exxaro Coal (Pty) Ltd
Number of LTIP shares awarded: 8 323
Class of share: LTIP Ordinary Shares
Nature of transaction: Off-market award in terms of the LTIP Scheme
Nature of interest: Indirect Beneficial
Option strike price: R0.00
Award date: 13 May 2025
Vesting date: 13 May 2028
Acceptance date: 29 May 2025
Vesting period: 3 years from award date
Name: Mr M Veti
Position: Prescribed Officer: Exxaro Resources Limited
Number of LTIP shares awarded: 34 942
Name: Mr S Govender
Position: Prescribed Officer/Director of major subsidiary (Acting):
Exxaro Resources Limited and Exxaro Coal (Pty) Ltd
Number of LTIP shares awarded: 19 480
Name: Mr JG Meyer
Position: Prescribed Officer: Exxaro Resources Limited
Number of LTIP shares awarded: 37 874
Name: Mr RE Lilleike
Position: Prescribed Officer: Exxaro Resources Limited
Number of LTIP shares awarded: 50 915
Name: Mr JA Rock
Position: Prescribed Officer: Exxaro Resources Limited
Number of LTIP shares awarded: 33 702
Disclosure relating to the Long Term Incentive Plan award for 2025
Scheme: Long Term Incentive Plan
Award date: 13 May 2025
Vesting date: 13 May 2028
LTIP shares awarded: 737 653
Acceptance period: participants have 60 days to accept from award date
M Nana
GROUP COMPANY SECRETARY
29 May 2025
Lead Equity and Debt Sponsor Joint Equity Sponsor
Absa Corporate and Investment Bank, a Tamela Holdings Proprietary Limited
division of Absa Bank Limited
Date: 29-05-2025 04:24:00
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