CHAPTER 5:Earnings

• 5.5DIVIDEND DISTRIBUTIONS

Total dividends paid in 2022 amounted to R6 686 million. This amount was made up of:

• A final dividend relating to the 2021 financial year of 1 175 cps (amounting to R2 838 million to external shareholders) paid in May 2022
• An interim dividend relating to the 2022 financial year of 1 593 cps (amounting to R3 848 million to external shareholders) paid in October 2022.

A final cash dividend, number 40, for 2022 of 1 136 cps, was approved by the board of directors on 14 March 2023. The dividend is payable on 8 May 2023 to shareholders who will be on the register on 5 May 2023. This final dividend, amounting to approximately R2 744 million (to external shareholders), has not been recognised as a liability in 2022. It will be recognised in shareholders' equity in the first half of the year ending 31 December 2023.

The final dividend declared from income reserves 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 908.80000 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.

No share certificate may be dematerialised or re-materialised between Wednesday, 3 May 2023 and Friday, 5 May 2023, 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, 8 May 2023.