Presentation by Johan Myburgh Manager, Coal Marketing Portfolio Committee on Public Enterprises

1. 28 JANUARY 2010 Presentation by Johan Myburgh Manager, Coal Marketing Portfolio Committee on Public Enterprises

2. NAMAKWA SANDS Exxaro - the history 2001 2006 2008

3. Our current business at a glance Our commodities Who are we? • We are one of the largest South African diversified resources companies with coal, mineral sands, base metals and ferroalloy assets • We are one of the top 40 companies on the JSE • We employ about 10 000 people • We have access to valuable strategic assets and quality resources • We are a 50%+ BEE owned business • We have an extensive growth pipeline • Revenue: R13,8bn* • Net operating profit: R2,5bn** Coalfourth largest coal producer in South Africa Mineral sandsone of the world's top three producers of zircon and chlorinatable TiO2 slag Base metals only zinc producer in South Africa Iron ore 20% holding in Sishen Iron Ore Company 2 * Annual results for 12 months ended 31 December 2008

4. Geographical locations

5. Coal business at a glance • In 2008, eight coal mines produced 44,8Mtpa of power station, steam and coking coal • Power station coal is supplied to the national power utility, Eskom • Grootegeluk is one of the most efficient mining operations in the world and operates the world’s largest coal beneficiation complex • Exxaro is South Africa’s largest producer of metallurgical coal • A strong pipeline of greenfield and expansion projects will result in Exxaro becoming one of the largest coal producers in South Africa • Strategic objective is to produce 75Mtpa coal and 750kt reductants by 2015

6. Coal business • Eskom is Exxaro’s largest customer by volume and revenue • In 2009, Exxaro supplied 36.3 million tons to Eskom • 16.5 million tons were supplied from tied mines • 19.8 million tons were supplied under short to long term commercial contracts • Exxaro responded effectively to the supply crisis in early 2008

7. Coal supply per power station

8. www.exxaro.com