Summary of remuneration

for the year ended 31 December 2006

		Fees for	Performance		Benefits and
	Basic salary	services	bonuses	¹	allowances	²
	R	R	R		R
Name
Executive directors
Dr CJ Fauconnier	3 207 532		8 309 065		537 422
MJ Kilbride	1 833 508		4 451 315		933 911
CF Meintjes⁶	1 534 643		3 998 642		370 283
DJ van Staden	1 890 538		4 476 453		297 958
SA Nkosi³	236 122				4 790
	8 702 343		21 235 475		2 144 364
Less: gains on share scheme
Add: share-based
payment expense
Total remuneration
paid by Exxaro
Non-executive directors
PM Baum⁴		177 460
BE Davison⁸		131 187
TL de Beer⁵		85 868
JJ Geldenhuys		246 154
U Khumalo⁷
Dr D Konar		234 705
VZ Mntambo⁷
RP Mohring⁷
AJ Morgan⁸ (Chairman)		293 858			6 787
WA Nairn^{4 & 8}		162 672
PKV Ncetezo⁷
SA Nkosi³		162 672
NMC Nyembezi-Heita⁷
CML Savage⁸		131 187
Dr NS Segal⁸		173 166			11 281
NL Sowazi⁷
F Titi⁸		162 672
Dr Zihlangu⁷
PL Zim^{4 & 8}		131 187
		2 092 788			18 068

			Gains on	Gains on
			management	management
	Retirement	Medical	share	cash
	fund	fund	option	settled
	contributions	contributions	scheme	option	Other	Total
	R	R	R	R	R	R
Name
Executive
directors
Dr CJ Fauconnier		24 105	44 896 507	1 831 948	3 718	58 810 297
MJ Kilbride	218 058	23 603	27 569 844	1 641 866	2 884	36 674 989
CF Meintjes⁶	160 823	18 054	26 682 788	1 481 684	2 478	34 249 395
DJ van Staden	218 032	34 672	25 672 966		2 883	32 593 502
SA Nkosi³	19 422				299	260 633
	616 335	100 434	124 822 105	4 955 498	12 262	162 588 816
Less: gains
on share scheme						(129 777 603)
Add: share-based
payment expense						3 635 848
Total remuneration
paid by Exxaro						36 447 061
Non-executive
directors
PM Baum⁴						177 460
BE Davison⁸						131 187
TL de Beer⁵						85 868
JJ Geldenhuys						246 154
U Khumalo⁷
Dr D Konar						234 705
VZ Mntambo⁷
RP Mohring⁷
AJ Morgan⁸ (Chairman)						300 645
WA Nairn^{4 & 8}						162 672
PKV Ncetezo⁷
SA Nkosi³						162 672
NMC Nyembezi-Heita⁷
CML Savage⁸						131 187
Dr NS Segal⁸						184 447
NL Sowazi⁷
F Titi⁸						162 672
Dr Zihlangu⁷
PL Zim^{4 & 8}						131 187
						2 110 856

1	Performance bonuses include the following:
	–	Board approved performance related incentive scheme applicable to all employees in the group;
	–	An incentive payment for developing and implementing an empowerment transaction as fully disclosed in the Kumba circular to shareholders and Exxaro revised listing particulars dated 9 October 2006;
	–	Unwinding of the 2005 long-term incentive plan (LTIP); and
	–	Compensation for 2006 share appreciation rights and LTIP awards not awarded due to the postponement of the effective date of implementation of the empowerment transaction.
2	Includes travel allowances.
3	Appointed as executive director on 28 November 2006.
4	Fees paid to their respective employers and not to them as individuals.
5	TL de Beer retired on 12 April 2006.
6	Resigned as executive director on 28 November 2006.
7	Appointed as non-executive director on 28 November 2006.
8	Resigned as non-executive director on 28 November 2006.

Retirement amounts paid or receivable by executive directors are paid or received under defined contribution retirement funds.

		Fees for	Performance		Benefits and
	Basic salary	services	bonuses	¹	allowances	²
	R	R	R		R
Name
Executive directors
Dr CJ Fauconnier	2 927 187		454 144		188 064
MJ Kilbride	1 594 384		276 242		344 367
CF Meintjes	1 539 004		249 314		152 477
DJ van Staden	1 557 136		262 778		264 111
RG Wadley	3 806 554		113 334		190 773
	8 424 265		1 355 812		1 139 792
Add share-based
payment expense
Total remuneration
paid by Exxaro
Non-executive directors
PM Baum⁴		165 850			7 215
BE Davison⁴		133 750			4 950
TL de Beer		240 750			10 421
JJ Geldenhuys		230 050			9 599
Dr D Konar		219 350			6 648
MLD Marole⁵		87 212			1 480
AJ Morgan⁶ (Chairman)		255 017			5 371
WA Nairn⁴		165 850			5 877
SA Nkosi		165 850			6 421
CML Savage		133 750
Dr NS Segal		176 550			5 206
F Titi		165 850			5 258
PL Zim⁴		137 258			4 978
		2 277 087			73 424

			Compensation
			on retirement
	Retirement		from
	fund	Medical fund	executive
	contributions	contributions	office	Other	Total
	R	R	R	R	R
Name
Executive directors
Dr CJ Fauconnier		21 369		3 278	3 594 042
MJ Kilbride	191 547	14 993		2 467	2 424 000
CF Meintjes	166 654	15 913		2 365	2 125 727
DJ van Staden	182 211	27 745		2 400	2 296 381
RG Wadley	88 405	7 451	1 358 785	1 288	2 566 590
	628 817	87 471	1 358 783	11 798	13 006 740
Add share-based
payment expense					2 973 434
Total remuneration
paid by Exxaro					15 980 174
Non-executive directors
PM Baum⁴					173 065
BE Davison⁴					138 700
TL de Beer					251 171
JJ Geldenhuys					239 649
Dr D Konar					225 998
MLD Marole⁵					88 692
AJ Morgan⁶ (Chairman)					260 388
WA Nairn⁴					171 727
SA Nkosi					172 271
CML Savage					133 750
Dr NS Segal					181 756
F Titi					171 108
PL Zim⁴					142 236
					2 350 511

1	All incentive schemes are performance related and were approved by the board. The three-tier incentive scheme includes the incentive linked to the Kumba business improvement programme initiatives, and applies to all employees throughout the group.
2	Include travel and entertainment allowances.
3	Resigned as executive director on 30 June 2005.
4	Fees paid to their respective employers and not to them as individuals.
5	Resigned as a non-executive director and chairman from the Kumba board on 15 April 2005.
6	Non-executive director who was appointed as non-executive chairman of the board on 15 April 2005.

Retirement amounts paid or receivable by executive directors are paid or received under defined contribution retirement funds.

	Beneficial
	Direct	Indirect
Directors’ interest in Exxaro shares
At 31 December 2006
Director
Dr CJ Fauconnier	42 905
MJ Kilbride	586
CF Meintjes
DJ van Staden	565
SA Nkosi		6 747 301

PM Baum
BE Davison
TL de Beer
JJ Geldenhuys	700
U Khumalo
Dr D Konar	168
VZ Mntambo		4 654 623
RP Mohring
AJ Morgan (Chairman)	20 000
WA Nairn
PKV Ncetezo		724 564
SA Nkosi
NMC Nyembezi-Heita
CML Savage
Dr NS Segal
NL Sowazi		3 286 825
F Titi
Dr Zihlangu		2 818 552
PL Zim

	Beneficial
	Direct	Indirect
Directors’ interest in Kumba shares
At 30 December 2005
Director
Dr CJ Fauconnier	21 880
MJ Kilbride
CF Meintjes
DJ van Staden

PM Baum
BE Davison
TL de Beer
JJ Geldenhuys
Dr D Konar	168
AJ Morgan (Chairman)
WA Nairn
SA Nkosi
CML Savage
NS Segal
F Titi
PL Zim

There has been no change to the interest of directors in shares capital since the year-end. On 31 December 2006 no director had direct or indirect interests of more than 1% in the share capital of the company.

No director held any non-beneficial interest in Exxaro shares at either 31 December 2005 or 2006.

Directors’ share options and restricted share awards

The following options and rights in shares in the company were outstanding in favour of directors of the company under the company’s share option schemes:

Management share option scheme

For the year ended December 2006

					Proceeds if
	Options held at				exercisable at
	31 December	Exercise		Exercisable	31 December
	2006	price	¹	period	2006
		R			R
Name
Executive directors
Dr CJ Fauconnier








Total
MJ Kilbride






Total
CJ Meintjes













Total

	Pre-tax gain if		Options
	exercisable at		exercised
	31 December		during		Exercise		Sale price/		Date
	2006	²	the year	³	price	⁴	market price	Pre-tax gain	exercised
	R				R		R	R
Name
Executive directors
Dr CJ Fauconnier			50 840		25,85		125,10	5 045 870	09/10/06
			5 000		25,85		125,50	498 250	09/10/06
			34 050		25,85		126,50	3 427 133	10/10/06
			5 950		25,85		125,90	595 298	10/10/06
			150 000		25,85		125,99	15 021 000	10/10/06
			41 680		25,85		126,00	4 174 252	10/10/06
			20 000		25,85		125,00	1 983 000	10/10/06
			65 440		32,80		126,00	6 099 008	10/10/06
			92 880		39,30		126,00	8 052 696	10/10/06
Total			465 840					44 896 507
MJ Kilbride			25 000		16,54		125,20	2 716 500	09/10/06
			10 840		16,54		125,25	1 178 416	09/10/06
			151 320		25,85		125,25	15 041 208	09/10/06
			40 710		32,80		125,25	3 763 640	09/10/06
			30 220		39,30		125,25	2 597 409	09/10/06
			15 430		39,30		150,00	1 708 101	20/10/06
			5 100		39,30		150,00	564 570	23/10/06
Total			278 620					27 569 844
CJ Meintjes			20 490		16,30		125,00	2 227 263	10/10/06
			24 890		16,54		125,00	2 699 569	10/10/06
			130 936		25,85		125,00	12 982 304	10/10/06
			4 704		25,85		125,01	466 449	10/10/06
			17 610		32,80		125,00	1 623 642	10/10/06
			8 800		32,80		125,00	811 360	11/10/06
			3 810		32,80		142,75	418 910	18/10/06
			5 000		32,80		142,70	549 500	18/10/06
			14 410		39,30		125,00	1 234 937	10/10/06
			10 000		39,30		146,00	1 067 000	19/10/06
			4 000		39,30		148,35	436 200	20/10/06
			6 000		39,30		148,00	652 200	20/10/06
			8 624		39,30		150,50	958 989	06/11/06
			5 006		39,30		150,06	554 465	06/11/06
Total			264 280					26 682 788

					Proceeds if
	Options held at				exercisable at
	31 December	Exercise		Exercisable	31 December
	2006	price	¹	period	2006
		R			R
Name
DJ van Staden
















	12 440	12,90		16/03/11	696 640


Total	12 440				696 640
SA Nkosi

	Pre-tax gain if		Options
	exercisable at		exercised
	31 December		during		Exercise		Sale price/	Pre-	Date
	2006	²	the year	³	price	⁴	market price	tax gain	exercised
	R				R		R	R
Name
DJ van Staden			8 601		16,54		126,50	945 766	10/10/06
			5 000		16,54		126,15	548 050	10/10/06
			14 209		16,54		126,00	1 555 317	10/10/06
			9 270		16,54		149,00	1 227 904	20/10/06
			42 140		25,85		126,00	4 220 321	10/10/06
			360		25,85		126,10	36 090	10/10/06
			10 100		25,85		125,90	1 010 505	10/10/06
			19 900		25,85		125,60	1 985 025	10/10/06
			14 706		25,85		125,20	1 461 041	10/10/06
			1 000		25,85		125,11	99 260	10/10/06
			2 664		25,85		125,10	264 402	10/10/06
			50 480		25,85		125,00	5 005 092	10/10/06
			1 136		32,80		125,10	104 853	10/10/06
			1 000		32,80		125,05	92 250	10/10/06
			24 584		32,80		125,00	2 266 645	10/10/06
			6 010		32,80		150,50	707 377	06/11/06
			2 900		32,80		150,25	340 605	06/11/06
	536 164		14 910		39,30		125,00	1 277 787	10/10/06
			9 950		39,30		146,00	1 061 665	19/10/06
			12 430		39,30		157,00	1 463 011	13/11/06
Total	536 164		251 350					25 672 966
SA Nkosi

1	The exercise price of options not yet exercised on 31 December 2006 was repriced by R2,20 per share, and further recalculated by reference to the 21 day volume weighted average price split between Exxaro shares and Kumba Iron Ore shares of 32,81% and 67,19% respectively.
2	Based on a share price of R56,00 which prevailed on 31 December 2006.
3	Certain options were exercised prior to their vesting date and will remain in trust until such vesting date. Vesting dates vary up to the earliest date of service contract termination or 16 March 2011.
4	Options awarded and not yet exercised on 8 September 2005 were repriced by R2,20 per share subsequent to the special dividend declared to shareholders on 12 September 2005 from the post-tax option- and settlement proceeds of the Hope Downs project.

Management cash-settled options

For the year ended December 2006

The cash settled options represent phantom option awards made to executive directors and a number of senior managers as compensation for not being eligible to receive share option grants due to their involvement in the empowerment transaction.

The phantom option awards also have a grant price, vesting periods and lapse periods as other share option awards but are classified as cash-settled since shares will not be issued when exercised.

					Proceeds if
	Options held at				exercisable at
	31 December	Exercise		Exercisable	31 December
	2006	price	¹	period	2006
		R			R
Name
Executive directors
Dr CJ Fauconnier
MJ Kilbride
CF Meintjes
DJ van Staden	17 550	19,62		22/04/12	982 800
SA Nkosi

	Pre-tax gain if		Options
	exercisable at		exercised
	31 December		during	Exercise	Sale price/		Date
	2006	²	the year	price	market price	Pre-tax gain	exercised
	R			R	R	R
Name
Executive directors
Dr CJ Fauconnier			28 020	59,80	125,18	1 831 948	09/10/06
MJ Kilbride			18 450	59,80	148,79	1 641 866	20/10/06
CF Meintjes			16 650	59,80	148,79	1 481 684	20/10/06
DJ van Staden	638 469
SA Nkosi

1	The exercise price of options not yet exercised on 31 December 2006 recalculated by reference to the 21 day volume weighted average price split between Exxaro shares and Kumba Iron Ore shares of 32,81% and 67,19% respectively.
2	Based on a share price of R56,00 which prevailed on 31 December 2006.

Management share option scheme

For the year ended December 2005

					Proceeds if
	Options held at				exercisable at
	31 December	Exercise		Exercisable	31 December
	2005	price	¹	period	2005
		R			R
Name
Executive directors
Dr CJ Fauconnier	307 520	28,05		03/12/08	31 367 040
	65 440	35,00		01/11/09	6 674 880
	92 880	41,50		16/03/11	9 473 760
Total	465 840				47 515 680
MJ Kilbride	35 840	18,74		25/07/10	3 655 680
	151 320	28,05		03/12/08	15 434 640
	40 710	35,00		01/11/09	4 152 420
	50 750	41,50		16/03/11	5 176 500
Total	278 620				28 419 240
CF Meintjes	20 490	18,50		04/01/09	2 089 980
	24 890	18,74		25/07/10	2 538 780
	135 640	28,05		03/12/08	13 835 280
	35 220	35,00		01/11/09	3 592 440
	48 040	41,50		16/03/11	4 900 080
Total	264 280				26 956 560
DJ van Staden	37 080	18,74		25/07/10	3 782 160
	141 350	28,05		03/12/08	14 417 700
	35 630	35,00		01/11/09	3 634 260
	49 730	41,50		16/03/11	5 072 460
Total	263 790				26 906 580
RG Wadley**	209 280	28,05		03/12/08
	39 020	35,00		01/11/09
	44 380	41,50		16/03/11
Total	292 680

	Pre-tax gain if		Options
	exercisable at		exercised
	31 December		during	Exercise	Sale price/	Pre-	Date
	2005	*	the year	price	market price	tax gain	exercised
	R		R	R	R	R
Name
Executive directors
Dr CJ Fauconnier	22 741 104
	4 384 480
	5 619 240
Total	32 744 824
MJ Kilbride	2 984 038
	11 190 114
	2 727 570
	3 070 375
Total	19 972 097
CF Meintjes	1 710 915
	2 072 341
	10 030 578
	2 359 740
	2 906 420
Total	19 079 994
DJ van Staden	3 087 281
	10 452 833
	2 387 210
	3 008 665
Total	18 935 989
RG Wadley**


Total

*	Based on a share price of R102,00 which prevailed on 31 December 2005.
**	This information is based on Mr Wadley’s portfolio at 31 October 2005. He resigned as an executive director on 30 June 2005. On 17 November 2005 all the options were exercised and the shares sold.

Summary of remuneration

Fees for

Performance

Benefits and

Basic salary

services

bonuses

allowances

R

R

R

R

Name

Executive directors

Non-executive directors

Gains on

Gains on

management

management

Retirement

Medical

share

cash

fund

fund

option

settled

contributions

contributions

scheme

option

Other

Total

R

R

R

R

R

R

Name

Executive

directors

Non-executive

directors

Fees for

Performance

Benefits and

Basic salary

services

bonuses

allowances

R

R

R

R

Name

Executive directors

Non-executive directors

Compensation

on retirement

Retirement

from

fund

Medical fund

executive

contributions

contributions

office

Other

Total

R

R

R

R

R

Name

Executive directors

Non-executive directors

Beneficial

Direct