Chapter 13: Provisions and contingencies

13.4.1 Contingent liabilities

1 Relates to commercial disputes of which the outcome is uncertain.

2 Includes guarantees to banks and other institutions in the normal course of business from which it is anticipated that no material liabilities will arise.

3 Increase mainly due to guarantees for Karreebosch SPV.

Exxaro continues to follow the legal process in relation to the coal mine dust class action suit which is currently underway. As part of our response to the matter, we have been engaging meaningfully with affected parties. While the litigation unfolds, there is no view at this stage of when the certification will be heard and it has come to our attention that more class representatives may be joined to the matter.

Exxaro continues to be committed to the health and safety of our employees, and we ensure that our operations continue to comply with regulations with reference preventing and curbing occupational diseases, in line with our SG&I strategy.

The timing and occurrence of any possible outflows of the contingent liabilities above are uncertain.

Share of equity-accounted investments’ contingent liabilities

13.4.2 Contingent assets

1 Relates to performance guarantees issued to Exxaro in terms of various capital project agreements.

The timing and occurrence of any possible inflows of the contingent assets are uncertain.