EXXARO RESOURCES LIMITED - REVIEWED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025(1) AND FINAL DIVIDEND

REVIEWED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025(1) AND FINAL DIVIDEND

Exxaro Resources Limited
Registration number: 2000/011076/06
JSE share code: EXX
ISIN: ZAE000084992
Bond Issuer code: EXXI
("Exxaro" or the "Company")

REVIEWED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025(1) AND FINAL DIVIDEND
- Revenue of R41.8 billion, up 3% from R40.7 billion
- Profit(2) of R7.1 billion, down 7% from R7.6 billion
- AEPS of 3 178 cents, down 14 cents from 3 192 cents
- HEPS of 3 247 cents, up 8% from 3 016 cents
- Final dividend of 1 000 cents per share, up 15% from 
  866 cents per share
(1) Compared to the year ended 31 December 2024.
(2) Net operating profit.

Exxaro, a large South African-based diversified resources group, with interests in the 
coal, energy and metals markets released its reviewed condensed group financial statements 
for the year ended 31 December 2025 (condensed financial statements).

This results announcement is the responsibility of the directors.

Any investment decisions should be based on the condensed financial statements as the 
information in this results announcement does not provide all the details.

The condensed financial statements have been released on the Stock Exchange News Services 
(SENS) of the JSE Limited (JSE) and are available through the following JSE cloudlink and 
the Company's weblink: https://senspdf.jse.co.za/documents/2026/jse/isse/EXX/AFS-YE2025.pdf
https://www.exxaro.com/investor-centre/financial-results/

This results announcement has been prepared in compliance with the JSE Listings Requirements, 
is not reviewed or audited but is extracted from the underlying reviewed information. 
The condensed financial statements have been reviewed by the Company's auditors, KPMG Inc, 
who issued an unmodified review conclusion thereon.

Notice of final cash dividend
At the board of directors meeting on 17 March 2026, the directors approved a gross final 
dividend of 1 000 cents per share. The final dividend is payable on 11 May 2026 to 
shareholders who will be on the register on 8 May 2026. The final dividend was declared 
from income generated during the year ended 31 December 2025 and has been declared from 
income reserves. The final dividend is subject to dividend withholding tax at a rate of 
20% for all shareholders who are not exempt from or do not qualify for a reduced rate of 
dividend withholding tax (net local dividend amounts to 800.00000 cents per share).

Salient dates for the payment of the final dividend are:
Last day to trade cum dividend on the JSE       Tuesday, 5 May 2026
First trading day ex dividend on the JSE      Wednesday, 6 May 2026
Record date                                      Friday, 8 May 2026
Payment date                                    Monday, 11 May 2026

No share certificates may be dematerialised or re-materialised between Wednesday, 
6 May 2026 and Friday, 8 May 2026, both days inclusive.

The number of ordinary shares in issue as at the date of this declaration is 341 913 674. 
Exxaro's company tax reference number is 9218/098/14/4.

By order of the board
Mvuleni Geoff Qhena
Chairman
19 March 2026

Executive directors                                    Registered office
B Magara (Chief Executive Officer)                     Exxaro Resources Limited
PA Koppeschaar (Finance Director)                      The conneXXion
                                                       263B West Avenue
Non-executive directors                                Die Hoewes, Centurion,
IN Malevu                                              0157
                                                       
Independent non-executive directors                    www.exxaro.com
MG Qhena (Chairperson)                                 
GJ Fraser-Moleketi (Lead Independent Director)         Lead equity sponsor and debt sponsor
CJ Nxumalo                                             Absa Bank Limited (acting through its 
PCCH Snyders                                           Corporate and Investment Banking Division)
P Mnganga                                              
KM Ireton                                              Joint equity sponsor
B Mawasha                                              Tamela Holdings Proprietary Limited
N Ketwa (formerly Medupe)                              
N Molope                                               Group company secretary
                                                       MH Nana
                                                       
                                                       Registrars
                                                       JSE Investor Services Proprietary Limited
                                                       One Exchange Square, Gwen Lane
                                                       Sandown, Sandton,
                                                       2196



Date: 19-03-2026 07:05:00
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