CHAPTER 5:
Earnings

• 5.5DIVIDEND DISTRIBUTIONS

Total dividends paid in 2021 amounted to R9 557 million. This amount was made up of:

• A final dividend relating to the 2020 financial year of 1 243 cps (amounting to R3 119 million to external shareholders) paid in May 2021
• A special dividend following the disposal of Exxaro’s shareholding in Tronox Holdings plc of 543 cps (amounting to R1 363 million to external shareholders) paid in May 2021
• An interim dividend relating to the 2021 financial year of 2 077 cps (amounting to R5 075 million to external shareholders) paid in September 2021

A final cash dividend, number 38, for 2021 of 1 175 cps, was approved by the board of directors on 1 March 2022. The dividend is payable on 9 May 2022 to shareholders who will be on the register on 6 May 2022. The final dividend was declared from income generated during the year ended 31 December 2021 and has been declared from income reserves. This final dividend, amounting to approximately R2 838 million (to external shareholders), has not been recognised as a liability in 2021. It will be recognised in shareholders’ equity in the year ending 31 December 2022.

The final dividend declared will be subject to a dividend withholding tax of 20% for all shareholders who are not exempt from or do not qualify for a reduced rate of dividend withholding tax. The net local dividend payable to shareholders, subject to dividend withholding tax at a rate of 20% amounts to 940 cps. The number of ordinary shares in issue at the date of this declaration is 349 305 092 (including treasury shares of 107 770 244).

Exxaro company’s tax reference number is 9218/098/14/4.

Salient dates relating to payment of the final dividend

No share certificate may be dematerialised or re-materialised between Wednesday, 4 May 2022 and Friday, 6 May 2022, both days inclusive. Dividends for certificated shareholders will be transferred electronically to their bank accounts on payment date. Shareholders who hold dematerialised shares will have their accounts at their central securities depository participant or broker credited on Monday, 9 May 2022.