EXX 201703200028A ZAE000084992 - Share Transaction 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) 20 March 2017 SHARE TRANSACTIONS In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is hereby given that the Group Company Secretary of Exxaro exercised pledged and matching awards vested and released in terms of the Deferred Bonus Plans Scheme (DBP Scheme) and sold Exxaro ordinary shares, after having received clearance to do so in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Class of shares: Ordinary Nature of transaction: Exercise of pledged and matching awards vested and released and on market sale in terms of the DBP Scheme Nature of interest: Direct Beneficial Date of transaction: 17 March 2017 DBP vesting date 10 March 2017 Vesting period: 3 years Name: CH Wessels Position: Group Company Secretary Pledged shares vested, released: 430 Matching shares vested and released 234 Strike price per pledged share R146.79 VWAP on day of vesting R107.34 Matching shares vested and sold for 196 purposes of settling the associated tax payable only Sale price per share R119.52 Value of shares sold R23 425.92 CH WESSELS GROUP COMPANY SECRETARY Date: 20/03/2017 01:49:00 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.