EXXARO RESOURCES LIMITED - EXX: Share Transactions.

EXX: 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 a Director, the Group Company Secretary, Prescribed Officers and Directors of major subsidiaries
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 (01/04/2022 to
                                               01/04/2025)
 Class of securities:                          LTIP Ordinary Shares
 Nature of interest:                           Indirect Beneficial
 Option strike price:                          R0.00
 Date of transaction:                          4 May 2022
 Strike date:                                  1 April 2022
 Vesting date:                                 1 April 2025
 Vesting period:                               3 years

 Name:                                         Mrs V Balgobind
 Position                                      Prescribed Officer: Exxaro Resources Limited
 Number of shares offered and accepted         17,163

 Name:                                         Mr AS De Angelis
 Position                                      Prescribed Officer: Exxaro Resources Limited
 Number of shares offered and accepted         15,960

 Name:                                         Mr PA Koppeschaar
 Position                                      Director: Exxaro Resources Limited
 Number of shares offered and accepted         41,816

 Name:                                         Mr PK Masia
 Position                                      Prescribed Officer: Exxaro Resources Limited
 Number of shares offered and accepted         34,170
 Name:                                         Mr JG Meyer
 Position                                      Prescribed Officer: Exxaro Resources Limited
 Number of shares offered and accepted         21,107

 Name:                                         Mrs A Ndoni
 Position                                      Group Company Secretary: Exxaro Resources Limited
 Number of shares offered and accepted         9,296

 Name:                                         Mr M Veti
 Position                                      Prescribed Officer: Exxaro Resources Limited
 Number of shares offered and accepted         19,623

 Name:                                         Mr MR Walker
 Position                                      Director: Exxaro Coal Proprietary Limited, Exxaro
                                               Coal Mpumalanga Proprietary Limited and Exxaro
                                               International Trading AG
 Number of shares offered and accepted         10,407


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


A NDONI
GROUP COMPANY SECRETARY

5 May 2022



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

Date: 05-05-2022 12:02:00
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.