Independent auditor’s report on the review of the condensed group interim financial statements

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 30 June 2024, the condensed group statements of comprehensive income, changes in equity and cash flows for the six-month period then ended, and notes to the condensed group interim financial statements (condensed group interim financial statements). Management is responsible for the preparation and presentation of these condensed group interim financial statements in accordance with IAS 34, Interim Financial Reporting, the JSE Listings Requirements and the Companies Act of South Africa. Our responsibility is to express a conclusion on these condensed group interim 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 interim 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 interim financial statements as at 30 June 2024 is not prepared, in all material respects, in accordance with IAS 34, Interim Financial Reporting, the JSE Listings Requirements and the Companies Act of South Africa.

KPMG Inc.

Per SM Loonat

Chartered Accountant (SA)

Registered Auditor

Director

15 August 2024