14 September 2009

EXXARO NEWS RELEASE

EXXARO WITHDRAWS FROM IGODA COAL EXPORT VENTURE

Diversified South African-based resources company Exxaro Resources Limited (Exxaro) today announced that it has withdrawn from the Igoda coal export venture with Sasol Mining.

The decision follows a review and prioritisation by Exxaro of its capital expenditure and project pipeline following the global economic downturn.

?As we communicated during the presentation of our interim financial results last month, Exxaro has reduced its project pipeline and will focus on the successful implementation of committed and board-approved projects, an example being the expansion of the Grootegeluk mine to supply Eskom?s Medupi power station,? said Sipho Nkosi, Exxaro chief executive officer.

The Igoda transaction, an empowerment venture between Eyesizwe Coal (now Exxaro) and Sasol Mining, was formed in 2006 and was part of Sasol Mining?s broad-based empowerment strategy.

?While it is disappointing that the partnership with Igoda Coal is no longer viable for Exxaro, we understand the impact of the tough market conditions and recognise many companies are facing difficult decisions regarding their future investment options,? said Hermann Wenhold, Sasol Mining managing director.

Ends

About Exxaro:

Exxaro is one of the largest South African-based resources companies with interests in the coal, mineral sands, base metals and iron ore commodities.

www.exxaro.com

Enquiries:

Wim de Klerk                                                                         

Financial director

Tel: + 27 12 307 4848

Mobile: +27 82 652 5145

Email: wim.deklerk@exxaro.com