Exxaro executive exercises and sells vested DBP awards

Mr. L Groenewald, a prescribed officer at Exxaro Resources Limited (JSE:EXX), has exercised vested and released pledged shares under the company's Deferred Bonus Plan (DBP). The transaction, which occurred on April 3, 2025, involved the off-market exercise of the awards and subsequent on-market sales. A total of 1,845 pledged shares vested and were released. 852 matching shares were sold at a VWAP of ZAR151.5241 per share, determined on April 3, 2025, realizing a total value of ZAR129,098.53. An additional 993 matching shares vested and were transferred to Groenewald's personal portfolio, valued at ZAR151,968.72, based on a price of ZAR153.0400 determined on March 30, 2025. The shares became tradable on April 3, 2025, after a vesting period of 3 years, and the original strike price was ZAR217.3644. The transaction was conducted in accordance with JSE Listings Requirements.