Shareholder leaflet - Exxaro

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COMMENTARY (continued) Exxaro’s equity income in 2013 will continue to be under pressure. This is expected to improve in the second half of 2013. It is believed that pigment markets will be soft in first half of 2013, thereby resulting in tighter supplydemand conditions in the second half of 2013. Tronox is also expected to be in a position to fully demonstrate the value of its vertically integrated structure and the material cost advantage which is brought on by this structure. As reported in the Kumba Iron Ore results announcement on 12 February 2013, annual production volumes from Sishen mine are expected to increase in 2013, while export sales volumes are expected to be similar to those in 2012. The financial information on which the outlook statement is based has not been reviewed nor reported on by the group’s external auditors. These forward-looking statements are based on management’s current beliefs and expectations and are subject to uncertainty and changes in circumstances. The forward-looking statements involve risks that may affect the group’s operations, markets, products, services and prices. Exxaro undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information or future developments. Changes to the board Mr CI Griffith resigned as non-executive director effective 29 November 2012. Mr NB Mbazima was subsequently appointed to succeed Mr Griffith as non-executive director of the board with effect 30 November 2012. Mr U Khumalo resigned as non-executive director effective 31 January 2013. The board expressed its sincere appreciation to Mr Griffith and Mr Khumalo for their contributions during their respective terms of office. Final dividend Notice is hereby given that a final gross dividend Number 20 of 150 cents per share for the 2012 financial year has been declared payable to shareholders of ordinary shares. The total Secondary Tax on Companies (STC) credits available for offsetting against the new dividend tax (effective 1 April 2012) utilised amount to 150 cents per share. The number of ordinary shares in issue at the date of this declaration is 357 787 785. Although the local dividend tax rate is 15%, no dividends tax will be due as a result of the STC credits utilised (150 cents per share). Exxaro Resources Limited’s tax reference number is 9218/098/14/4. The salient dates relating to the payment of the dividend are as follows: Last day to trade cum dividend on the JSE Friday, 5 April 2013 First trading day ex dividend on the JSE Monday, 8 April 2013 Record date Friday, 12 April 2013 Payment date Monday, 15 April 2013 No share certificates may be dematerialised or rematerialised between Monday, 8 April 2013 and Friday, 12 April 2013, both days inclusive. Dividends in respect of certificated shareholders will be transferred electronically to shareholders’ bank accounts on payment date. Shareholders who hold dematerialised shares will have their accounts at their Central Securities Depository Participant (CSDP) or broker credited on Monday, 15 April 2013. On behalf of the board: Len Konar Sipho Nkosi Wim de Klerk Chairman Chief Executive Officer Finance Director 6 March 2013 30
ANNOUNCEMENT TO SHAREHOLDERS: SECTION 45 Notice is hereby given, in terms of section 45 of the Companies Act, No 71 of 2008, as amended (the Act), that pursuant to the authorisation granted at the general meeting of Exxaro Resources Limited held on 29 November 2011, the board of directors of the company, at its meeting held on 4 March 2013, has approved, in accordance with section 45 of the Act and the JSE Limited Listings Requirements, the giving of financial assistance to related and interrelated companies of the company up to an amount not exceeding R40 billion, at any time and from time to time during the period 1 January to 31 December 2013. The board has confirmed that, after considering the reasonably foreseeable financial circumstances of the company, it is satisfied that, immediately after providing such financial assistance, the company will satisfy the solvency and liquidity test, as contemplated in section 45 of the Act and detailed in section 4 of the Act; and that the terms under which such assistance is proposed to be given, are fair and reasonable to the company. CH Wessels Group Company Secretary Reviewed condensed group annual financial results and unreviewed physical information | 31
Page 1 and 2: REVIEWED CONDENSED GROUP ANNUAL FIN
Page 3 and 4: GROUP PERFORMANCE IN BRIEF Net debt
Page 5 and 6: CONDENSED GROUP STATEMENT OF COMPRE
Page 7 and 8: CONDENSED GROUP STATEMENT OF FINANC
Page 9 and 10: Retirement benefit Attributable Non
Page 11 and 12: NOTES TO THE CONDENSED GROUP ANNUAL
Page 13 and 14: Impact on statement of comprehensiv
Page 15 and 16: Year ended 31 December 2012 Reviewe
Page 17 and 18: 9. Gains on the disposal of investm
Page 19 and 20: 13. Business combinations On 14 Feb
Page 21 and 22: Cennergi, which will be based in So
Page 23 and 24: 23. Mineral Resources and Mineral R
Page 25 and 26: as well as enhancing the effectiven
Page 27 and 28: Reviewed equity accounted income (R
Page 29 and 30: Unreviewed physical information (
Page 31: Energy Exxaro continues to explore
Page 36: The full report is available on www

Shareholder leaflet - Exxaro

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