Presentation to Parliamentary Portfolio Committee on Energy

17 April 2012

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50% stake

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50% stake

One of South Africa’s largest BEE diversified resources companies listed on Johannesburg Securities Exchange.

Diverse and world-class commodity portfolio in coal, mineral sands and base metals, with exposure to iron ore through a 20% interest in Sishen Iron Ore Company.

2nd largest South African coal producer with capacity of 45 million tonnes per annum and the 3rd largest global producer of mineral sands.

India’s largest integrated power utility, listed on the Mumbai Stock Exchange bringing vast expertise and experience to the partnership.

Diverse and world-class power generation, transmission and distribution business.

More than 5297MW of installed capacity in India, including coal, gas, hydro, solar and wind technologies. More than 3000km of transmission infrastructure and more than 1.3m customers in Delhi and Mumbai.

BEE entrepreneurs (52.10%) + Employees (2.97%) = Percentage HDSA ownership (55.07%)

South African market capitalisation of company :R64 billion

Note :The recently announced proposed transaction with Tronox will not impact Exxaro’s ownership

R34.9 billion in HDSA’s hands

Exxaro is a new generation company which is HDSA owned, controlled and managed

OwnershipMarket capitalisation in hands of HDSA

5

Target 2014 26%

BEE Benefit

Ownership

6Source : Exxaro Annual Report 2010

Artisan and learnershipsAn average of 430 engineering learners receive training each

month which makes up 5.4% of all learnerships in the mining

sector even though Exxaro employees only make up 2.5% of

the industry

For 2011, 76% of learner intake was black (HDSA)

Human resource development

7

Over the last 5 years Exxaro has qualified

over 500 artisans and 108 engineers

From Exxaro’s Social and

Labour Plans over 670 jobs have been created which translates into an indirect

benefit to 11 400 people from local communities

Total Spent: R222.9 million

For the period 2007- September 2011 the socio-economic development

spend was R222.9 million

During 2010 R39 million was invested in socio-economic development which is 2.5% NPAT (Net Profit after Tax)

Community development

8

Mid 2007 to September 2011 Community Development

Integrated Player

Fuel Generation Transmission Distribution

30% equity interest in Indonesian coal producers, KPC and Arutmin– Produced c.60MT of

coal in CY10 Domestic mines under

development– 33.3% stake in

Mandakini, expected to have a production capacity of 7.5 MTPA

– 40% stake in Tubed, expected to have a production capacity of 6.0 MTPA

– Fuel supply in place for majority of operational and under-execution projects

Requirement for Mundra UMPP - 6 vessels going up to 8 vessels by FY13

2 capesize vessels owned, delivery in 2011

3 long term charters signed

5297 MW of operational capacity– 4447 MW thermal– 447 MW hydro– 375 MW wind– 28+ MW of solar

TATA power transmission network in Mumbai 1100 CKm of 220KV/

110 KV lines and 17 receiving stations

51:49 JV between TATA Power and Powergrid Corporation of India Ltd– c.1,200 Kms of

transmission line associated with Tala hydro project

– Connects Bhutan and Northern Region transmission system

Mumbai distribution network – c.1,781 Kms of

underground cable network, 17 receiving stations, 14 distribution sub-stations, 441 consumer sub-stations

– Over 260,000 retail consumers

51:49 JV between TATA Power and Govt. of Delhi for distribution in Delhi– >1 million

customers

Fuel transportation

6Presence across the value chain

India PresencePower generation capacity

Thermal 4447 MW

Hydro 447 MW

Wind 375 MW

Solar 28+ MW

Transmission

Distribution

Operational

Gujarat 50 MW

Karnataka 50 MW

Haldia 120 MW

IEL 240 MW

Mulshi 3 MW

Maharashtra 137 MWMumbai

TPDDL Powerlinks

Belgaum 81 MW

Jojobera 428 MW

Tamil Nadu 49 MW

Projects under construction

Mundra 4000 MW

Solar 25 MW

Wind 50MW

Coal Mine - Mandakini

Coal Mine - Tubed

Dugar 250MW

Dagachhu 126MW

Maithon 1050MW

Fuel Mix (MW)

Growing in all segments 7

International Presence

Hydro projects - Nepal

Hydro projects - Bhutan

Logistics office - Singapore

Technology investments - Australia

Coal mines, geothermal project – Indonesia

8Continuous expansion of global footprint

Sustainability Initiatives

Safety and health

Organizational transformation

Employee learning & development

Developing managers centric, across domains/ functions

Buildings and interiors that are friendly, and help create the right culture

Energy clubs

Customer care centers

Demand side management, energy audits

Going beyond mere transactions

Growth through renewables, clean / green energy

Efficient technologies, investments in energy startups

Emission , waste & Carbon footprint reduction

Green buildings

Bio-Diversity conservation

Resource conservation

Principles of community engagement

Programs on livelihood, infrastructure and natural resources

Helping communities become self-reliant and empowered

Participatory development

Carbon neutral village clusters

Care for environment Care for community Care for customers Care for people

10Integral part of TATA Power’s business

This partnership with Tata Power will add the skills and capabilities necessary to create a world class energy company in this region with enormous growth opportunities.

Cennergi has been created by companies from developing nations to serve developing nations. We expect Cennergi to play a key role in the African electricity generation market.

Sipho Nkosi – Chief Executive Officer ExxaroSipho Nkosi – Chief Executive Officer Exxaro

Anil Sardana - Managing Director, Tata PowerAnil Sardana - Managing Director, Tata Power

Tata Power is happy to explore new avenues in the international space by partnering with good local entities. The joint venture is consistent with our strategy of pursuing exploration

opportunities for energy development in growing markets.We look forward to working together with Exxaro to jointly develop efficient, high-quality and sustainable projects that

will bring significant benefits to the region as well as local communities.

Minister of Energy, Her Excellency Ms. Dipuo PetersMinister of Energy, Her Excellency Ms. Dipuo Peters

I strongly believe and am convinced that we want to change the picture of Africa from being the darkest continent at night with no access to energy. In the near future it should not be that we are still deliberating that only 42% of Africa’s population has access to modern energy, with the rate for sub-Saharan Africa as low as 31% – the lowest regional rate in the world which is unacceptably low.

Our VISION is to be the leading cleaner energy Independent Power Producer in

Southern Africa, serving an expanding energy market

aspirational target of 16GW by 2025

POWERACTION

MAKING A DIFFERENCE

REAL RESULTS

LEADERSHIP

OPTIMISM

POWERING PROGRESS

By the following generation mix18

Renewables45%

Coal15%

aspirational target of of 0.3 - 0.5 grid emission factor

South Africa’s IRP2010-2030

New Build Option (2030)

Technology MW planned

Coal 6250

Gas CCGT 2370

OCGT 3910

Import Hydro 2609

Wind 8400

Solar PV 8400

Solar CSP 1000

Nuclear 9600

Total New Build 45637

FINAL IRP2010274MW

41MW

How Cennergi will fill the gap....

Through a portfolio of energy projects

Through a portfolio of technologies

Through focus on energy generation

With significant scale and backing

In partnership with African Partners

With an experienced, skilled team

Cape St FrancisPort Elizabeth

Somerset East

NAMIBIA

BOTSWANA

ZIMBABWE

MOZAMBIQUE

Polokwane

Vryburg

Tsitsikamma Community Wind

95MW

Amakhala Emoyeni Wind

139MW

Tiqua Wind 40MW

Letsatsi Solar 11MW

Lephalale Solar 30MW

Projects in development

Social and economic development

With expertise, resolve and resources we strive to create benefit for:

People

Economy

Environment

Shareholders