EXXARO RESOURCES LIMITED - Exxaro - Share Transactions

Exxaro - 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 Code: EXX04
ISIN No: ZAG000160326
Bond Code: EXX05
ISIN No: ZAG000160334
(Exxaro)

SHARE TRANSACTIONS

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given
that the CEO designate, directors of major subsidiaries and prescribed officers of Exxaro received and
accepted conditional awards granted in terms of the Long-Term Incentive Plan scheme (LTIP scheme),
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 group performance
                                          targets of a period of 3 years (01/04/2021 to
                                          01/04/2024)
 Class of share:                          Ordinary
 Nature of interest:                      Direct Beneficial
 Offer price:                             R0.00
 Date of transaction:                     5 May 2021
 Vesting date:                            1 April 2024
 Vesting period:                          3 years

 Name:                                    Mr AW Diedericks
 Position:                                Prescribed officer: Exxaro Resources Limited
 LTIP award                               24,563
 Deemed value based on VWAP of            R4,282,804.68
 R174.36 per share on 01 April 2021

 Name:                                    Dr N Tsengwa
 Position:                                Director and CEO designate: Exxaro Resources
                                          Limited and director: Exxaro Coal Proprietary
                                          Limited
 LTIP award                               43,466
 Deemed value based on VWAP of            R7,578,731.76
 R174.36 per share on 01 April 2021

 Name:                                    Mr MR Walker
 Position:                                Director: Exxaro Coal Proprietary Limited and
                                          Exxaro International Trading AG
 LTIP award                               12,433
 Deemed value based on VWAP of            R2,167,817.88
 R174.36 per share on 01 April 2021

Given that this was a receipt and exercise of conditional awards, no on- or off-market trades took place.

AK MARé on behalf of Inlexso Proprietary Limited
ACTING GROUP COMPANY SECRETARY

6 May 2021

Lead Equity and Debt Sponsor                       Joint Equity Sponsor
Absa Corporate and Investment Bank, a              Tamela Holdings Proprietary Limited
division of Absa Bank Limited

Date: 06-05-2021 01:42:00
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