EXXARO RESOURCES LIMITED - EXXARO CONCLUDES A NEW COAL SUPPLY AGREEMENT FOR MATLA COLLIERY WITH ESKOM

EXXARO CONCLUDES A NEW COAL SUPPLY AGREEMENT FOR MATLA COLLIERY WITH ESKOM

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
Bond Issuer code: EXXI
(Exxaro)

EXXARO CONCLUDES A NEW COAL SUPPLY AGREEMENT FOR MATLA COLLIERY WITH
ESKOM

Exxaro is pleased to announce that its wholly owned subsidiary, Exxaro Coal Mpumalanga (Pty)
Ltd., has successfully concluded a new long-term Coal Supply Agreement ("CSA") ("New CSA")
with Eskom Holdings SOC Ltd ("Eskom") to supply coal from Matla Colliery ("Matla") to Matla Power
Station, Eskom's wholly owned subsidiary, effective 01 April 2026 until 30 November 2043. The
New CSA replaces the original CSA that was put in place in 1983, which subsequently expired on
30 June 2023.

Under the New CSA, Matla will supply around 9.3 million tonnes of coal per annum to Matla Power
Station. Moreover, the mine successfully secured key regulatory approvals in 2025, including the
renewal of its Mining Right and the Integrated Water-use License required to enable compliant
mining operations and support the long-term operational continuity. The R5.2 billion Matla Life-of-
Mine expansion project, which Exxaro is executing on behalf of Eskom, is progressing with targeted
completion in the first half of the 2026 financial year, enabling Exxaro to supply the contractually
committed product.


M NANA
GROUP COMPANY SECRETARY

Enquiries:
Anda Mwanda
Investor Relations
Tel: + 27 12 307 6000
Mobile: +27 76 225 0742
Email: anda.mwanda@exxaro.com

Johannesburg
02 April 2026


Lead Equity and Debt Sponsor                             Joint Equity Sponsor
Absa Corporate and Investment Bank, a                    Tamela Holdings Proprietary Limited
division of Absa Bank Limited

Date: 02-04-2026 10:00:00
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.