EXX: Appointment Of Joint Sponsor. EXXARO RESOURCES LIMITED Incorporated in the Republic of South Africa (Registration Number: 2000/011076/06) JSE share code: EXX ISIN: ZAE000084992 ADR code: EXXAY (“Exxaro” or the “Company”) APPOINTMENT OF JOINT EQUITY SPONSORS Shareholders are hereby advised that Tamela Holdings Proprietary Limited ("Tamela") has been appointed as Joint JSE Equity Sponsor to Exxaro with effect from 01 December 2020. Absa Corporate and Investment Bank, a division of Absa Bank Limited (“Absa”) continues in its role as JSE Equity Sponsor and will, from 1 December 2020, act as Lead JSE Equity Sponsor with Tamela as Joint JSE Equity Sponsor, to perform the continuing obligations in connection with Exxaro’s ordinary shares listed on the JSE. About Absa Absa is a listed, diversified financial services provider headquartered in Johannesburg, South Africa, providing a comprehensive suite of products. Absa has a highly experienced local JSE Sponsor team that combines expert local knowledge with global best practice. About Tamela Tamela is a leading black owned and managed corporate finance advisory company and JSE Sponsor. Tamela's service offering includes, inter alia, M&A Transactions, Capital Raising, Debt Capital Markets and BEE transactions. Exxaro has a good working relationship with Tamela, through the services which Tamela provided to Main Street 333 in 2013 and 2016/17, as corporate advisors for the Exxaro replacement BEE Deal. The Company welcomes the new joint equity sponsorship arrangement and looks forward to a collaborative working relationship. 01 December 2020 SE Van Loggerenberg Group Company Secretary & Legal Pretoria Lead Sponsor to Exxaro Resources Limited Absa Corporate and Investment Bank, a division of Absa Bank Limited Joint Sponsor to Exxaro Resources Limited Tamela Holdings Proprietary Limited Date: 01-12-2020 10:14:00 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.