Competent Persons

Exxaro applies three levels of "competency" to estimating Coal Resources and Coal Reserves:

• Competent Person (as defined in the SAMREC and JORC codes) who officially takes responsibility for estimating and reporting Coal Resources and/or Coal Reserves at operational or project level. These appointed Competent Persons have acknowledged acceptance of accountabilities. Names, qualifications, affiliations and relevant experience are included in the independent operational and project reports in the form of a Competent Person's certificate
• Technical specialists, including geologists, mining engineers, geohydrologists, geotechnical engineers, financial experts and economists, among others. The Competent Persons' report or Resource and Reserve report contains the names, signatures and contributions of technical specialists who contributed to estimating the operations' Coal Resources and Coal Reserves
• Persons designated to take corporate responsibility for the Coal Resource and Coal Reserve estimates presented in the consolidated report are differentiated from the Competent Person at an operational level, who takes overall corporate responsibility

Exxaro's Coal Resources and Coal Reserves were estimated or supervised by the Competent Persons listed in Table 2 (name, affiliation and relevant experience) on an operational basis in accordance with the SAMREC Code for South African properties and the JORC Code for Australian properties. All Competent Persons have sufficient relevant experience in the style of mineralisation, type of deposit and/or mining method(s) under consideration and/or being mined and for the activity under their responsibility to qualify as Competent Persons, as defined in the applicable codes at the time of reporting.

The appointed Competent Persons have signed off their respective estimates in their original Competent Persons' reports for the various operations and consent to the inclusion of the information in this report in the form and context in which it appears in the Consolidated Mineral Resources and Mineral Reserves report. The appointed Competent Persons are permanently employed by the company. In the case of projects, the Competent Persons conducted appropriate site visits to the mineral property being evaluated.

From the left: Aubrey Phoko (Grootegeluk Reserve Competent Person), Pateka Themba (principal mineral asset estimation) and Sifiso Mhlongo (Grootegeluk Resource Competent Person)

Table 2: Competent Persons' register

* All Competent Persons are Exxaro employees except where otherwise stated, and their qualifications are included in the individual Competent Persons' reports.

* Exxaro Resources: 263B West Avenue, Die Hoewes, Centurion 0163, Gauteng, South Africa.

* South African Council for Natural Scientific Professions: Private Bag X540, Silverton 0127, Gauteng, South Africa.

* Southern African Institute of Mining and Metallurgy: 7th Floor, Rosebank Towers, 19 Biermann Ave, Rosebank, Johannesburg, 2196.

* Engineering Council of South Africa: Private Bag X691, Bruma 2026, Gauteng, South Africa.

* Australasian Institute of Mining and Metallurgy: 204 Lygon Street, Carlton VIC 3053, Australia.

* The Institute of Materials, Minerals and Mining: 297 Euston Road, London NW1 3AD, United Kingdom.

* SIOC: Hendrik van Eck Street, Kathu 8484, Northern Cape, South Africa.

* Thungela Resources: 25 Bath Avenue, Rosebank, Johannesburg 2196, Gauteng, South Africa.

* Anglo American Steelmaking Coal: 201 Charlotte Street, Brisbane 4000, Queensland, Australia.