To the shareholders of Exxaro Resources Limited

Introduction

We have reviewed the accompanying condensed group statement of financial position of Exxaro Resources Limited (the group) at 31 December 2024, the condensed group statements of comprehensive income, changes in equity and cash flows for the year then ended, and notes 1 to 24, comprising accounting policies and other explanatory information (the condensed group financial statements) as set out from the Condensed group statement of comprehensive income to the Notes to the reviewed condensed group financial statements.

The directors are responsible for the preparation and presentation of these condensed group financial statements in accordance with, and containing the information required by, the framework concepts and the measurement and recognition requirements of IFRS^® Accounting Standards, IAS 34 Interim Financial Reporting and the South African Companies Act. Our responsibility is to express a conclusion on these condensed group financial statements based on our review.

Scope of Review

We conducted our review in accordance with the International Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of condensed group financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed group financial statements as at 31 December 2024 is not prepared, in all material respects, in accordance with, and containing the information required by, the framework concepts and the measurement and recognition requirements of IFRS^® Accounting Standards, IAS 34 Interim Financial Reporting and the South African Companies Act.

KPMG Inc.

Registered Auditor

Per Safeera Loonat

Chartered Accountant (SA)

Registered Auditor

Director

13 March 2025

KPMG Crescent

85 Empire Road

Parktown

2193