Exxaro director exercises pledged awards and sells shares

Mr. M Walker, a director of major Exxaro subsidiaries, exercised his rights related to pledged and matching awards under Exxaro's Deferred Bonus Plan Scheme (DBP) on March 31, 2025. The awards, which vested after a three-year period, allowed Mr. Walker to receive 698 pledged shares and 368 matching shares. The matching shares were transferred to his personal portfolio at a price of ZAR153.0400 per share, representing a total value of ZAR56,318.72. Following the exercise, Mr. Walker sold 330 matching shares on-market at a price of ZAR150.2399 per share, realizing ZAR49,579.17. The weighted average price on the grant date (strike price) was ZAR153.0400. The highest and lowest trading prices on the transaction date were ZAR153.80 and ZAR151.71, respectively. This transaction was executed following clearance in accordance with JSE Listings Requirements.