Shareholders are advised that Exxaro will release its reviewed annual financial results for the six-month period ending 30 June 2015 on 20 August 2015.

Headline earnings for the six-month period ending 30 June 2015 are likely to be at least 20% (R563 million) lower than the headline earnings of R2 814 million for the prior comparative period ended 30 June 2014. The expected decrease in headline earnings is primarily attributable to the expected decrease in income from the Sishen Iron Ore Company Proprietary Limited equity-accounted investment as a result of the significant decrease in the export iron ore prices during the period. As such, headline earnings per share (HEPS) are also likely to be at least 20% (159 cents) lower than the HEPS of 793 cents for the prior comparative period ended 30 June 2014.

The attributable loss for the six-month period ending 30 June 2015 is likely to show an improvement of at least 20% (R488 million) when compared to the attributable loss of R2 441 million for the prior comparative period ended 30 June 2014. The expected improvement in the attributable loss for the six-month period ending 30 June 2015 is primarily due to the non-recurring post-tax impairment loss of the Mayoko Iron Ore Project amounting to R5 208 million at 30 June 2014. As such, the attributable loss per share (ALPS) is also likely to improve by at least 20% (138 cents) compared to the ALPS of 688 cents for the prior comparative period ended 30 June 2014.

Shareholders are advised that a further trading statement will be issued in due course to provide ranges for the expected HEPS and ALPS once reasonable certainty on these ranges has been reached, as required by the JSE Limited Listings Requirements.

The forecast financial information on which this trading statement is based has not been reviewed, audited nor reported on by Exxaro's external auditors. This statement is issued in compliance with the Listings Requirements of the JSE Limited.

Editor's note:
Exxaro is one of the largest South African based diversified resources companies, with interests in the carbon, titanium dioxide and ferrous commodities. www.exxaro.com

Enquiries:
Wim de Klerk
Finance Director
Tel: +27 12 307 4848
Mobile: +27 82 652 5145
Email: wim.deklerk@exxaro.com

Pretoria
19 May 2015

Sponsor
Deutsche Securities (SA) Proprietary Limited

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