EXXARO RESOURCES LIMITED - Share transactions

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 Issuer code: EXXI
(Exxaro)

SHARE TRANSACTIONS

In terms of paragraphs 6.77 to 6.80 of the JSE Limited (JSE) Listings Requirements, notice is hereby
given that the following executive directors, prescribed officers & directors of major subsidiary and group
company secretary of Exxaro received and accepted conditional awards in terms of the Long-Term
Incentive Plan (LTIP), after having received clearance to do so in terms of paragraph 6.83 of the JSE
Listings Requirements.



LTIP performance period:                   The vesting of the LTIP awards is conditional upon the
                                           achievement of Exxaro Group performance targets over a
                                           period of 3 years (01/01/2026 to 31/12/2028). The
                                           performance conditions include performance targets for
                                           growth in Return on Capital Employed (ROCE), Total
                                           Shareholder Return (TSR) and achievement in
                                           Environmental, Social and Governance (ESG).

Class of share:                            Exxaro Ordinary Shares
Nature of transaction:                     Off market award in terms of the LTIP Scheme
LTIP Nature of interest:                   Indirect Beneficial
Option strike price:                       R0.00
Award date:                                01 April 2026
Vesting date:                              01 April 2029
Vesting period:                            3 years from award date
Acceptance date:                           28 April 2026


Name:                                      Mr B Magara
Position:                                  Executive Director & CEO: Exxaro Resources Limited
LTIP award:                                129 367

Name:                                      Mr PA Koppeschaar
Position:                                  Executive Director & FD: Exxaro Resources Limited
LTIP award:                                51 630

Name:                                      Mr S Govender
Position:                                  Prescribed Officer: Exxaro Resources Limited
LTIP award:                                22 626

Name:                                      Mr JG Meyer
Position:                                  Prescribed Officer: Exxaro Resources Limited
LTIP award:                                25 920

Name:                                      Ms NM Monareng
Position:                                  Prescribed Officer: Exxaro Resources Limited
LTIP award:                                21 630

Name:                                      Ms RC Shirindza
Position:                                  Prescribed Officer & Director of major subsidiaries: Exxaro
                                           Resources Limited/ Exxaro Coal (Pty) Ltd
LTIP award:                                34 680
 

Name:                                      Mrs MH Nana
Position:                                  Group Company Secretary: Exxaro Resources Limited
LTIP award:                                12 703

Name:                                      Mr MR Walker
Position:                                  Director of major subsidiaries: Exxaro Coal (Pty) Ltd and
                                           Exxaro International Trading AG
LTIP award:                                19 864

Name:                                      Ms ZZ Hlophe
Position:                                  Director of major subsidiary: Exxaro Coal (Pty) Ltd
LTIP award:                                5 477



MH Nana
GROUP COMPANY SECRETARY



28 April 2026

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

Date: 28-04-2026 05:45:00
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