Exxaro Resources Limited
Registration number: 2000/011076/06
JSE share code: EXX
ISIN: ZAE000084992
ADR code: EXXAY
Bond code: EXX05
ISIN No: ZAG000160334
(“Exxaro” or the “Company”)


REVIEWED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022(1),
FINAL DIVIDEND AND CHANGES TO THE BOARD OF DIRECTORS
Revenue of R46.4 billion, up 41% from R32.8 billion
Net operating profit of R16.2 billion, up 67% from R9.7 billion(2)
AEPS of 5 713 cents, up 11% from 5 128 cents
HEPS of 6 016 cents, up 28% from 4 683 cents
Final dividend of 1 136 cents per share, down 39 cents per share
from 1 175 cents per share
(1)   Compared to the year ended 31 December 2021.
(2)   2021: Continuing operations: R7.460 billion; Discontinued operations: R2.217 billion.


Exxaro, a large South African-based diversified resources group, with interests in the coal, energy and
ferrous markets released its year-end results for the year ended 31 December 2022.
This short-form announcement is the responsibility of the directors and is only a summary of the
information in the full announcement and does not contain full or complete details. Any investment
decision by investors or shareholders should be based on consideration of the full announcement.
The full announcement has been released on the Stock Exchange News Service of the JSE Limited
(“SENS”) and can be found on the Company’s website at
https://www.exxaro.com/investor/financialresults/AFS-YE2022/index.php
and on the JSE Limited website at
https://senspdf.jse.co.za/documents/2023/jse/isse/EXX/AFS-YE2022.pdf
Copies of the full announcement may also be requested at the Company’s registered office, at no
charge, during office hours on normal business days.
This announcement is itself not reviewed or audited but is extracted from the underlying reviewed
information.
In line with the Company’s dividend policy, Exxaro has declared a final dividend of 1 136 cents per
share which was approved by the board of directors on 14 March 2023 and is payable on 8 May 2023
to shareholders who will be on the register on 5 May 2023. The final dividend was declared from profits
generated during the year ended 31 December 2022 and has been declared from income reserves.
The final dividend is subject to dividend withholding tax at a rate of 20% for all shareholders who are
not exempt from or do not qualify for a reduced rate of dividend withholding tax (net local dividend
amounts to 908.80000 cents per share).
Salient dates for the payment of the final dividend are:
Last day to trade cum dividend on the JSE                                   Tuesday, 2 May 2023
First trading day ex dividend on the JSE                                  Wednesday, 3 May 2023
Record date                                                                   Friday, 5 May 2023
Payment date                                                                Monday, 8 May 2023

No share certificates may be dematerialised or re-materialised between Wednesday, 3 May 2023 and
Friday, 5 May 2023, both days inclusive.
The number of ordinary shares in issue as at the date of this declaration is 349 305 092. Exxaro’s
company tax reference number is 9218/098/14/4

Changes to the board of directors

In line with the King Code on Corporate Governance for South Africa, as amended or replaced from
time to time, and the JSE Limited Listings Requirements with respect to good corporate governance
practices, Exxaro aims to ensure that there is a clear balance of power and authority at board level and
to ensure that there is adequate succession planning to maintain ongoing knowledge and experience
at board level.

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements and paragraph 6.39 of the
Debt Listings Requirements, shareholders were advised of the changes to the board of directors during
the six-month period ended 31 December 2022.

The Company welcomed Ms. Nondumiso Medupe to the board of directors as independent non-
executive director and audit committee member, with effect from 3 January 2023.

On 15 March 2023, the Company announced that Mr. Vuyisa Nkonyeni and Mr. Isaac Mophatlane, will
retire by rotation, as independent non-executive directors of Exxaro with effect from the date of the
annual general meeting, being 18 May 2023.

By order of the board
Geoffrey Qhena
Chairman
16 March 2023

 Executive directors                                  Registered office
 N Tsengwa (chief executive officer)                  Exxaro Resources Limited
 PA Koppeschaar (finance director)                    The conneXXion
                                                      263B West Avenue
 Non-executive directors                              Die Hoewes, Centurion,
 L Mbatha                                             0163
 VZ Mntambo
 IN Malevu                                            www. exxaro.com
 MLB Msimang
                                                      Lead equity sponsor and debt sponsor
 Independent non-executive directors                  Absa Bank Limited (acting through its Corporate and
 MG Qhena (chairman)                                  Investment Banking Division)
 GJ Fraser-Moleketi (lead independent director)
 LI Mophatlane                                        Joint equity sponsor
 V Nkonyeni                                           Tamela Holdings Proprietary Limited
 CJ Nxumalo
 PCCH Snyders                                         Group company secretary
 P Mnganga                                            AT Ndoni
 K Ireton
 B Mawasha                                            Registrars
 B Magara                                             JSE Investor Services Proprietary Limited
 N Medupe                                             One Exchange Square, Gwen Lane
                                                      Sandown, Sandton,
                                                      2196