EXXARO RESOURCES LIMITED - Reviewed Condensed Financial Results for the year ended 31 December 2023, Final Dividend and Special Dividend

Reviewed Condensed Financial Results for the year ended 31 December 2023, Final Dividend and Special Dividend

Exxaro Resources Limited
Registration number: 2000/011076/06
JSE share code: EXX
ISIN: ZAE000084992
ADR code: EXXAY
Bond code: EXX05
ISIN No: ZAG000160334
("Exxaro" or the "Company")

REVIEWED CONDENSED FINANCIAL RESULTS FOR THE YEAR ENDED
31 DECEMBER 2023(1), FINAL DIVIDEND AND SPECIAL DIVIDEND

Revenue of R38.7 billion, down 17% from R46.4 billion
Profit(2) of R10.6 billion, down 34% from R16.2 billion
AEPS of 4 666 cents, down 18% from 5 713 cents
HEPS of 4 681 cents, down 22% from 6 016 cents
Final dividend of 1 010 cents per share, down 126 cents per share
from 1 136 cents per share
Special dividend of 572 cents per share

(1)   Compared to the year ended 31 December 2022.
(2) Net   operating profit.

Exxaro, a large South African-based diversified resources group, with interests in the coal, energy and
ferrous markets released its financial results for the year ended 31 December 2023.

This short-form announcement is the responsibility of the directors and is a summary of the full reviewed
condensed group financial statements for the year ended 31 December 2023. Any investment decision
by investors or shareholders should be based on consideration of the full reviewed condensed group
financial statements for the year ended 31 December 2023 as the information in this announcement
does not provide all of the details.

The full reviewed condensed group financial statements for the year ended 31 December 2023 are
available through the following Exxaro weblink and the JSE cloudlink:

https://www.exxaro.com/investor-centre/financial-results/?year=2023
https://senspdf.jse.co.za/documents/2024/jse/isse/EXX/AFS-YE2023.pdf

This announcement is itself not reviewed or audited but is extracted from the underlying reviewed
information. The directors are responsible for the accuracy of the extraction. The full condensed group
financial statements for the year ended 31 December 2023 have been reviewed by the Company's
auditors, KPMG Inc, who issued an unmodified review opinion.

Notice of final and special cash dividends

At the Board of directors meeting on 12 March 2024, the directors approved a gross final dividend of
1 010 cents per share (ordinary dividend). The final ordinary dividend is payable on 13 May 2024 to
shareholders who will be on the register on 10 May 2024. The final ordinary dividend was declared from
profits generated during the year ended 31 December 2023 and has been declared from income
reserves. The final ordinary 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 ordinary dividend amounts to 808.00000 cents per share).

Given the net cash position at 31 December 2023 of R14 834 million (excluding Energy net debt), the
Board of directors has resolved to pay a special dividend of 572 cents per share (special dividend) from
income reserves. The special dividend is payable on 13 May 2024 to shareholders who will be on the
register on 10 May 2024. The special 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 special dividend amounts to 457.60000 cents per share). The special dividend is subject
to approval of the South African Reserve Bank (SARB). A further announcement will be released once
SARB approval has been obtained.

Salient dates for the payment of the final ordinary and special dividends are:
Finalisation date for the special dividend                                 Monday, 29 April 2024
Last day to trade cum dividend on the JSE                                  Tuesday, 7 May 2024
First trading day ex dividend on the JSE                                   Wednesday, 8 May 2024
Record date                                                                Friday, 10 May 2024
Payment date                                                               Monday, 13 May 2024

No share certificates may be dematerialised or re-materialised between Wednesday, 8 May 2024 and
Friday, 10 May 2024, both days inclusive.
The number of ordinary shares in issue as at the date of this declaration is 349 305 092. Exxaro's
company tax reference number is 9218/098/14/4


By order of the board
Mvuleni Geoff Qhena
Chairman
14 March 2023

 Executive directors
 N Tsengwa (chief executive officer)
 PA Koppeschaar (finance director)

 Non-executive directors
 L Mbatha
 VZ Mntambo
 IN Malevu
 MLB Msimang

 Independent non-executive directors
 MG Qhena (chairperson)
 GJ Fraser-Moleketi (lead independent director)
 CJ Nxumalo
 PCCH Snyders
 P Mnganga
 KM Ireton
 B Mawasha
 B Magara
 N Medupe
 N Molope

 Registered office
 Exxaro Resources Limited
 The conneXXion
 263B West Avenue
 Die Hoewes, Centurion,
 0157

 www. exxaro.com
 Lead equity sponsor and debt sponsor
 Absa Bank Limited (acting through its Corporate and Investment Banking Division)

 Joint equity sponsor
 Tamela Holdings Proprietary Limited

 Group company secretary
 AT Ndoni

 Registrars
 JSE Investor Services Proprietary Limited
 One Exchange Square, Gwen Lane
 Sandown, Sandton,
 2196

Date: 14-03-2024 07:20:00
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