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EXX
EXX
EXX - Exxaro Resources - Acceptance Of Conditional Awards Granted In Terms
Of The Rules Of Exxaro`s Long Term Incentive Plan ("LTIP") And Share
Appreciation Rights ("SAR") Scheme
Exxaro Resources Limited
(formerly Kumba Resources Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: EXX
ISIN Number: ZAE000084992
("Exxaro" or "the company")
ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE RULES OF EXXARO`S
LONG TERM INCENTIVE PLAN ("LTIP") AND SHARE APPRECIATION RIGHTS ("SAR")
SCHEME
In compliance with clauses 3.63 and 3.64 of the JSE Listings Requirements
notice is hereby given that, as at 26 May 2008, the director listed below
accepted incentive awards as indicated:
LTIP Performance period: The vesting of the LTIP awards is
conditional upon the achievement of group
performance targets over a period of 3 years
(01/01/2008 to 31/12/2010)
Class of shares: Ordinary
Nature of transaction: Acceptance of LTIP awards
Nature of interest: Direct Beneficial
SAR Performance period: The vesting of the SAR awards is
conditional upon the achievement of group
performance targets over a minimum period of
3 years and maximum period of 5 years (total
lapse period of 7 years - 01/04/2008 to
01/04/2015)
Class of shares: Ordinary
Nature of transaction: Acceptance of SAR awards
Nature of interest: Direct Beneficial
Name of director: SA Nkosi
LTIP award: 41,782
SAR award: 41,780
Strike price: R112.35
Clearance in terms of 3.66 of the JSE Listings Requirements has been
obtained.
MS VILJOEN
COMPANY SECRETARY
Sponsor
JP Morgan Equities Limited
26 May 2008
Date: 26/05/2008 16:48:56 Produced by the JSE SENS Department.
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