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 INTERIM FINANCIAL RESULTS FOR THE SIX-MONTHS ENDED
30 JUNE 2022(1), INTERIM DIVIDEND AND CHANGES TO THE BOARD OF DIRECTORS

Revenue of R22.3 billion, up 48% from R15.1 billion
Net operating profit of R9.2 billion, up 77% from R5.2 billion(2)
Attributable earnings per share of 3 409 cents, up 4% from 3 290 cents
Headline earnings per share of 3 426 cents, up 26% from 2 722 cents
Interim dividend of 1 593 cents per share, down 484 cents per share from 2 077 cents per
share
(1)
      Compared to the six-month period ended 30 June 2021.
(2)   Continuing operations: R3 billion; Discontinued operations: R2.2 billion

Exxaro, a large South African-based diversified resources group, with interests in the coal, energy and
ferrous markets released its interim results for the six-month period ended 30 June 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://investor.exxaro.com/financialresults/interim-2022/interim-financial-results-leaflet-2022.pdf
and on the JSE Limited website at
https://senspdf.jse.co.za/documents/2022/jse/isse/EXX/Interim22.pdf

Copies of the full announcement may also be requested at the Company’s and sponsors’ registered offices,
at no charge, during office hours on normal business days, subject to COVID-19 office protocols.

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 an interim dividend of 1 593 cents per
share which was approved by the board of directors on 16 August 2022 and is payable on 3 October 2022
to shareholders who will be on the register on 30 September 2022. The interim dividend was declared from
profits generated during the period ended 30 June 2022 and has been declared from income reserves. The
interim 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
1 274.40000 cents per share).
Salient dates for the payment of the interim dividend are:

Last day to trade cum dividend on the JSE                           Tuesday, 27 September 2022
First trading day ex dividend on the JSE                          Wednesday, 28 September 2022
Record date                                                           Friday, 30 September 2022
Payment date                                                             Monday, 3 October 2022

No share certificates may be dematerialised or re-materialised between Wednesday, 28 September 2022
and Friday, 30 September 2022, 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 compliance with paragraph 3.59 of the JSE Limited Listings Requirements and paragraph 6.39 of the
Debt Listings Requirements, for the six-month period ended 30 June 2022.

The Company welcomed Dr Pumla Mnganga, Ms Karin Ireton, Mr Billy Mawasha and Mr Ben Magara to
the board of directors as independent non-executive directors, with effect from 7 February 2022.

The Company also welcomed Dr Nombasa Tsengwa as the CEO, effective 1 August 2022.

Mr Ras Myburgh retired as a non-executive director effective 25 May 2022 and Mr Mxolisi Mgojo retired as
the CEO and executive director on 31 July 2022. The Board of directors thanked Mr Myburgh and Mr Mgojo
for their individual contributions to Exxaro.

By order of the board
Geoffrey Qhena
Chairman
18 August 2022

 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
 VZ Mntambo                                            www. exxaro.com
 IN Malevu
 MLB Msimang                                           Lead equity sponsor and debt sponsor
                                                       Absa Bank Limited (acting through its Corporate and
 Independent non-executive directors                   Investment Banking Division)
 MG Qhena (chairman)
 GJ Fraser-Moleketi (lead independent director)        Joint equity sponsor
 LI Mophatlane                                         Tamela Holdings Proprietary Limited
 V Nkonyeni
 CJ Nxumalo                                            Group company secretary
 PCCH Snyders                                          AT Ndoni
 P Mnganga
 K Ireton                                              Transfer secretaries
 B Mawasha                                             Computershare Investor Services Proprietary Limited
 B Magara                                              Rosebank Towers, 13 Biermann Avenue, Rosebank
                                                       PO Box 61051, Marshalltown, 2107