Enhanced Investments - Financial Portal

Exxaro Share Transactions

Published: 2023-04-06 18:07:20 ET

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: EXX05
ISIN No: ZAG000160334
(Exxaro)


SHARE TRANSACTIONS

In terms of paragraphs 3.63 to 3.65 and 3.92 of the JSE Limited (“JSE”) Listings Requirements,
notice is hereby given that the chief executive officer, a director, prescribed officers and
directors of major subsidiaries of Exxaro exercised awards granted in terms of the Long Term
Incentive Plan Scheme (LTIP Scheme), sold and deferred Exxaro ordinary shares to the
Minimum Shareholding Requirement (MSR) Holding Account, after having received clearance
to do so in terms of paragraph 3.66 of the JSE Listings Requirements.


 Class of shares:                         LTIP Ordinary Shares
 Nature of transaction:                   Exercise awards vested and released and on
                                          market sales in terms of the LTIP Schemes
                                          targets over a period of 3 years (01/04/2020 to
                                          01/04/2023), and deferral to the MSR Holding
                                          Account as a restricted instrument over a
                                          period of 5 years till 30 June 2026 for tax
                                          purposes.
 Date of transaction:                     5 April 2023
 LTIP nature of interest:                 Direct beneficial
 LTIP vesting date:                       1 April 2023
 LTIP vesting period:                     3 years
 MSR nature of interest:                  Indirect beneficial
 MSR vesting date:                        30 June 2026
 MSR vesting period:                      5 years
 VWAP on date of vesting                  R187.75
 Highest trading price of previous day    R194.25
 Lowest trading price of previous day     R186.01

 Name:                                    Mr AS De Angelis
 Position:                                Prescribed officer: Exxaro
 Total LTIP shares vested and sold:       32 965
 Sale price per share:                    R190.81
 Value of shares sold:                    R6,290,051.65

 Name:                                    Mr PA Koppeschaar
 Position:                                Director: Exxaro
 Total LTIP shares vested and sold        83 938
 Sale price per share                     R190.81
 Value of shares sold                     R16,016,209.78

 Name:                                    Mr JG Meyer
 Position:                                Prescribed Officer: Exxaro
Total LTIP shares vested             43 596

LTIP shares sold                     21 798
Sale price per share                 R190.81
Value of shares sold                 R4,159,276.38

LTIP shares vested and deferred to   21 798
MSR Holding Account
Value of shares deferred             R4,092,574.50

Name:                                Mr MI Mthenjane
Position:                            Prescribed officer: Exxaro
Total LTIP shares vested             41 094

LTIP shares sold                     36 985
Sale price per share                 R190.81
Value of shares sold                 R7,057,107.85

LTIP shares vested and deferred to
MSR Holding Account                  4 109
Value of shares deferred             R771,464.75

Name:                                Dr N Tsengwa
Position:                            Chief executive officer: Exxaro
Total LTIP shares vested             65 405

LTIP shares sold                     30 904
Sale price per share                 R190.81
Value of shares sold                 R5,896,792.24

LTIP shares released to personal     34 501
portfolio
Value of shares released             R6,477,562.75

Name:                                Mr M Veti
Position:                            Prescribed officer: Exxaro
Total LTIP shares vested and sold    40 532
Sale price per share                 R190.81
Value of shares sold                 R7,733,910.92

Name:                                Mr MR Walker
Position:                            Director of major subsidiaries: Exxaro Coal (Pty)
                                     Ltd, Exxaro Coal Mpumalanga (Pty) Ltd and
                                     Exxaro International Trading AG
Total LTIP shares vested             20 288

LTIP shares sold                     9 587
Sale price per share                 R190.81
Value of shares sold                 R1,829,295.47

LTIP shares released to personal
portfolio                            10 701
Value of shares released             R2,009,112.75
 Name:                                   Ms E Cockrell
 Position:                               Director of major subsidiary: Exxaro International
                                         Trading AG
 Total LTIP shares vested and sold       10 429
 Sale price per share                    R190.81
 Value of shares sold                    R1,989,957.49

 Name:                                   Mr ML Ramashilabele
 Position:                               Director of major subsidiary: Exxaro Coal
                                         Mpumalanga (Pty) Ltd
 Total LTIP shares vested and sold       31 317
 Sale price per share                    R190.81
 Value of shares sold                    R5,975,596.77

 Name:                                   Mr L Groenewald
 Position:                               Prescribed officer: Exxaro
 Total LTIP shares vested                32 562

 LTIP shares sold                        15 386
 Sale price per share                    R190.81
 Value of shares sold                    R2,935,802.66

 LTIP shares released to personal
 portfolio                               17 176
 Value of shares released                R3,224,794.00

 Name:                                   Ms H Bhola
 Position:                               Prescribed officer: Exxaro
 Total LTIP shares vested                16 838

 LTIP shares sold                        7 956
 Sale price per share                    R190.81
 Value of shares sold                    R1,518,084.36

 LTIP shares released to personal
 portfolio                               8 882
 Value of shares released                R1,667,595.50


A NDONI
GROUP COMPANY SECRETARY

6 April 2023

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.