Voluntary announcement - Request for expressions of interest on disposal of non-core assets 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 (“Exxaro” or “the Company”) VOLUNTARY ANNOUNCEMENT - REQUEST FOR EXPRESSIONS OF INTEREST (“EOI”) ON DISPOSAL OF NON- CORE ASSETS As part of its sustainable growth approach, Exxaro has conducted an internal portfolio review to evaluate and optimize its current portfolio of coal operations and projects. Post the review the Company has undertaken a strategic decision to dispose of its total equity interest in Exxaro Coal Central Proprietary Limited (“ECC”) and it’s Leeuwpan Coal Mine operation (together the “Assets”), having identified the Assets as non-core to future objectives of Exxaro (the “Proposed Transaction”). The divestment by Exxaro of the Assets, in one single transaction, will be executed through a formal disposal process. The Company has appointed (i) Absa Corporate & Investment Bank, a division of Absa Bank Limited and Identity Advisory (together the “Financial Advisors”) to act as financial advisors; and (ii) CMS RM Partners to act as legal advisors on the Proposed Transaction. The Proposed Transaction, is a category two transaction in terms of the JSE Listings Requirements and is therefore not regarded as material. Exxaro invites interested parties to submit their expressions of interest to the Financial Advisors, via email at projectGB@identityadvisory.co.za, by no later than 17h00 on 5 March 2020. The Financial Advisors may be contacted for further information and the specific format of the EoI at: Koshiek Karan Ernest Kwinda +27 (0) 11 895 6354 +27 (0) 11 772 7939 +27 (0) 71 312 5435 +27 (0) 83 411 0421 koshiek.karan@absa.africa ernest@identityadvisory.co.za SE VAN LOGGERENBERG GROUP COMPANY SECRETARY 20 February 2020 Financial Advisor and Sponsor Absa Bank Limited, acting through its Corporate and Investment Banking Division Financial Advisor Identity Advisory Legal Advisor CMS RM Partners Date: 20-02-2020 12:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.