Glossary

Group adjusted net profit after tax (excluding SIOC adjusted equity-accounting income) less NCI of Exxaro subsidiaries (excluding NCI of Eyesizwe)

Annual general meeting

Amakhala Emoyeni RE Project 1 (RF) Proprietary Limited

All publications index 4 (FOB Richards Bay 6000/kcal/kg)

Australian dollar

Australia

Broad-based black economic empowerment

Black economic empowerment

External shareholders of Eyesizwe

Black Mountain Proprietary Limited

Bonus Matching Plan

Capital expenditure

Cennergi Proprietary Limited group of companies

Cennergi Proprietary Limited

Chief Executive Officer

Cost and freight

Cash-generating unit

Chifeng NFC Zinc Co. Limited

Companies Act of South Africa No 71 of 2008, as amended

Consumer price index

Deferred bonus plan

Discounted cash flow

Department of Environmental Affairs

Department of Mineral Resources and Energy

Domestic Medium-Term Note

Debit value adjustment

Net operating profit before interest, tax, depreciation, amortisation, impairment charges or impairment reversals and net losses or (gains) on the disposal of assets and investments (including translation differences recycled to profit or loss)

Exxaro Coal Central Proprietary Limited or ECC group of companies

Expected credit loss(es)

Enterprise and supplier development

Environment, social and governance

Exxaro Resources Limited

Exxaro ESOP SPV RF Proprietary Limited

Eyesizwe (RF) Proprietary Limited, a special purpose private company which has a 30.81% shareholding in Exxaro

Forward exchange contract(s)

Exxaro FerroAlloys Proprietary Limited

Ferroland Grondtrust Proprietary Limited

The finalisation and execution of all the necessary finance and project documents, satisfaction of all lender conditions precedent or waiver or deferment thereof, formal finalisation of funding sources (debt and equity), enabling the project to move forward with construction and implementation.

Free on board

NEMA Financial provisioning regulations, 2015

Fair value through other comprehensive income

Fair value through profit or loss

Global Asset Management Limited

Group incentive scheme

Gigawatt hour

The meaning given to it, or any equivalent or replacement term, in the broad-based socio-economic empowerment charter for the South African Mining Industry, developed under section 100 of the MPRDA, as amended or replaced from time to time

Headline earnings per share

International Accounting Standard(s)

International Accounting Standards Board

IFRS Interpretations Committee

International Financial Reporting Standard(s) (as issued by the IASB)

Information management

Insect Technology Group Holdings UK Limited

Johannesburg Interbank Average Rate

Joint Ore Reserves Committee Code

JSE Limited

Joint venture

Karreebosch Wind Farm (RF) Proprietary Limited

Kilocalorie

King IV Report on Corporate Governance^TM for South Africa, 2016¹

Key performance indicator(s)

KPMG Inc.

Kilo tonnes

Loss given default

LightApp Technologies Limited

London Metal Exchange

Life of mine

Line of sight incentive

Lephalale Solar Photovoltaic Project

Lephalale Solar Proprietary Limited

Lost-time injury frequency rate

Long-term incentive plan

Mafube Coal Proprietary Limited

Memorandum of Incorporation

Mineral and Petroleum Resources Development Act 28 of 2002

Minimum shareholding requirement

Million tonnes per annum

Non-controlling interest(s)

Notional cost of employment

National Environmental Management Act, 1998

Not-for-profit company

Other comprehensive income

Probability of default

Public Investment Corporation

Producer Price Index

South African prime bank rate

PricewaterhouseCoopers Incorporated

Richards Bay Coal Terminal Proprietary Limited

BEE transaction which was implemented in 2017 and resulted in Exxaro being held 30% by HDSAs

Rand billion

Rand million

Chinese renminbi

Return on capital employed

Run-of-mine

Republic of South Africa

South African Institute of Chartered Accountants

The South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves

Sishen Iron Ore Company Proprietary Limited

Small and medium enterprise(s)

Small, medium and micro enterprise(s)

Solely payments of principal and interest

Semi-soft coking coal

Short-term incentives

tonnes (t) of carbon dioxide (CO₂) equivalent (e) per 1 000 total tonnes mined

Transnet Freight Rail

"Thungela Resources Limited, through its subsidiary South Africa Coal Operations Proprietary Limited"

Tsitsikamma Community Wind Farm Proprietary Limited

Total shareholder return

United Kingdom

United States dollar

United States of America

Value Added Tax

Weighted average number of shares