Glossary

Black economic empowerment

External shareholders of Eyesizwe

Black Mountain Proprietary Limited

Bonus Matching Plan

Business unit(s)

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

Chinese Yuan

Commercial operation date

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

Consumer price index

Deferred bonus plan

Discounted cash flow

Department of Mineral and Petroleum Resources

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

Everseed Energy Proprietary Limited

Exxaro Resources Limited (the group or the company)

Exxaro ESOP SPV RF Proprietary Limited

Eyesizwe (RF) Proprietary Limited, a special purpose private company which has a 31.47% (2024: 30.81%) shareholding in Exxaro

Foreign currency translation reserve

Forward exchange contract(s)

Exxaro FerroAlloys Proprietary Limited

Ferroland Grondtrust Proprietary Limited

Date of notification that the financing parties were satisfied that the conditions precedent to the financing agreements were either fulfilled, waived or deferred

Free on board

NEMA Financial provisioning regulations, 2015

Fair value through other comprehensive income

Fair value through profit or loss

G7 Renewable Energies Proprietary Limited

Global Asset Management Limited

Gross domestic product

Group incentive scheme

Gigawatt hour

Headline earnings per share

Hotazel Manganese Mines Proprietary Limited

International Accounting Standard(s)

International Accounting Standards Board

IFRS Interpretations Committee

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

Insect Technology Group Holdings UK Limited

Johannesburg Interbank Average Rate

JSE Limited

Jupiter Mines Limited

Joint venture

Karreebosch Asset Management Proprietary Limited

Karreebosch Wind Farm

Karreebosch Wind Farm (RF) Proprietary Limited

Kilocalorie

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

King V Report on Corporate Governance^TM for South Africa, 2025¹

Key performance indicator(s)

KPMG Inc.

Kilo tonnes

Kilo tonnes of carbon dioxide equivalent

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

Million tonne(s)

Million tonnes per annum

Minimum shareholding requirement

Megawatt(s)

Non-controlling interest(s)

Notional cost of employment

National Environmental Management Act, 1998

Ntsimbintle Marketing and Trading Private Limited

Not-for-profit company

Ntsimbintle Holdings Proprietary Limited

Ntsimbintle Mining Proprietary Limited

Other comprehensive income

OMH (Mauritius) Corp

EBITDA from the Amakhala SPV and Tsitsikamma SPV operating wind assets

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

South African Reserve Bank

South African Revenue Service

Securities Exchange News Service

Sishen Iron Ore Company Proprietary Limited

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 of America

United States dollar

Value Added Tax

Weighted average number of shares

South African Rand Overnight Index Average