Voluntary announcement - Request for expressions of interest on disposal of non-core assets
EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN code: ZAE000084992
ADR code: EXXAY
(“Exxaro” or “the Company”)
VOLUNTARY ANNOUNCEMENT - REQUEST FOR EXPRESSIONS OF INTEREST (“EOI”) ON DISPOSAL OF NON-
CORE ASSETS
As part of its sustainable growth approach, Exxaro has conducted an internal portfolio review to evaluate and optimize
its current portfolio of coal operations and projects. Post the review the Company has undertaken a strategic decision
to dispose of its total equity interest in Exxaro Coal Central Proprietary Limited (“ECC”) and it’s Leeuwpan Coal Mine
operation (together the “Assets”), having identified the Assets as non-core to future objectives of Exxaro (the “Proposed
Transaction”).
The divestment by Exxaro of the Assets, in one single transaction, will be executed through a formal disposal process.
The Company has appointed (i) Absa Corporate & Investment Bank, a division of Absa Bank Limited and Identity
Advisory (together the “Financial Advisors”) to act as financial advisors; and (ii) CMS RM Partners to act as legal
advisors on the Proposed Transaction.
The Proposed Transaction, is a category two transaction in terms of the JSE Listings Requirements and is therefore not
regarded as material.
Exxaro invites interested parties to submit their expressions of interest to the Financial Advisors, via email at
projectGB@identityadvisory.co.za, by no later than 17h00 on 5 March 2020.
The Financial Advisors may be contacted for further information and the specific format of the EoI at:
Koshiek Karan Ernest Kwinda
+27 (0) 11 895 6354 +27 (0) 11 772 7939
+27 (0) 71 312 5435 +27 (0) 83 411 0421
koshiek.karan@absa.africa ernest@identityadvisory.co.za
SE VAN LOGGERENBERG
GROUP COMPANY SECRETARY
20 February 2020
Financial Advisor and Sponsor
Absa Bank Limited, acting through its Corporate and Investment Banking Division
Financial Advisor
Identity Advisory
Legal Advisor
CMS RM Partners
Date: 20-02-2020 12:03:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.