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	Country of incor-poration2 Nature of business3 Issued capital-unlisted ordinary shares   Interest of company           Investment in shares Indebtedness       R   2007 R 2006 R 2007 Rm 2006 Rm DIRECT INVESTMENTS               AlloyStream (Pty) Limited RSA M   1   1 1       AlloyStream Holdings (Pty) Limited4 RSA H   1   746 163   10    Clipeus Investment Holdings (Pty) Limited RSA H   1   1 1       Colonna Properties (Pty) Limited RSA B   200   2 518 966 2 518 966       Cullinan Refractories Limited RSA A   1 000   1 000 1 000       Exxaro Base Metals and Industrial Minerals Holdings (Pty) Limited RSA H   1   1 1       Exxaro Base Metals (Pty) Limited RSA M   5 500 000   247 712 500 247 712 500   222  191  Exxaro Chairman’s Fund RSA T             Exxaro Coal (Pty) Limited RSA A   1   1 000 1 000   1 783  1 823  Exxaro Employee Empowerment Participation               Scheme Trust RSA T             Exxaro Environmental Rehabilitation Fund RSA T             Exxaro FerroAlloys (Pty) Limited RSA M   1   1 1   (7) (2) Exxaro Foundation RSA T             Exxaro Holdings (BVI) SA5 BVI & RSA H   566 827   459 517 297 12 161 942   5    Exxaro People Development Initiative RSA E             Exxaro Properties (Groenkloof) (Pty) Limited RSA B   1   1 1     (2) Exxaro Properties (Kloofzicht) (Pty) Limited RSA B   1   1 1       Exxaro Properties (Princess Grant) (Pty) Limited RSA B   1   1 1       Exxaro TSA Sands (Pty) Limited RSA M   510   510 510   2 205  2 154  Exxaro Sands (Pty) Limited RSA A   200   6 003 355 6 003 355   710  845  Ferroland Grondtrust (Pty) Limited RSA D   2   2 2       Ferrosure (South Africa) Insurance Company Limited RSA I     10 10       Glen Douglas Dolomite (Pty) Limited RSA A   10 000   10 000 10 000   4  (32) Kumba Base Metals Namibia (Pty) Limited NAM C   1   1 1       Kumba Resources Management Share Trust RSA T         (67) (97) Merrill Lynch Insurance PCC Limited ILE I     2 2       Mineral Exploration Company of Southern Africa (Pty) Limited RSA B   200   200 200       Rocsi Holdings (BVI) Limited BVI & RSA H   647 044 943   653 722 945 1 101 078 300   (40) 255  Ticor (Bermuda) Holdings Limited BER H   74 836   143 502 000 143 502 000       INDIRECT INVESTMENTS               Bertini Pty Limited6 AUS C   10           Coastal Coal (Pty) Limited RSA A   5 000       (63) (73) Crisa Pty Limited6 AUS C   10           Exxaro Australia Pty Limited AUS C   11       (1)   Exxaro Australia Sands Pty Limited AUS A   2 038 299 354       1  (164) Exxaro Base Metals (Namibia) (Pty) Limited NAM H   100         (1) Exxaro Base Metals China Limited HK C   1 354           Exxaro Base Metals International BV NE A   119 209         (68) Exxaro Coke (Pty) Limited RSA M   1           Exxaro Finance Ireland IRL C   893 656 391
	Country of incor-poration2 Nature of business3 Issued capital-unlisted ordinary shares   Interest of company           Investment in shares Indebtedness       R   2007 R 2006 R 2007 Rm 2006 Rm INDIRECT INVESTMENTS (continued)               Exxaro Mineral Sands BV7 NE A   134 973           Exxaro Holdings (Australia) Pty Limited AUS H   5           Exxaro Holdings Sands (Pty) Limited RSA H   40 000           Exxaro International BV NE H   662 037           Exxaro International Trading BV NE C   172 866           Exxaro International Coal Trading BV NE C   172 866           Exxaro Investments (Australia) Pty Limited AUS H   5           Exxaro Reductants (Pty) Limited6 RSA M   1           Exxaro Sands Holdings BV NE H   169 999           Eyesizwe Coal (Pty) Limited RSA A   100 000       21  148  Inyanda Coal (Pty) Limited RSA A   1 000           Magnetic Minerals Pty Limited AUS A   31 740 964           Omacor Sac PERU C   10           Oreco Leasing Limited MAU F   1           Pigment Holdings Pty Limited AUS C   10           Rocit Investments (Pty) Limited RSA H   1 000           Rosh Pinah Mine Holdings (Pty) Limited NAM H   1 000           Rosh Pinah Zinc Corporation (Pty) Limited (93,9%) NAM A   2 280       5  (1) Senbar Holdings Pty Limited AUS C   10           Synthetic Rutile Holdings Pty Limited AUS C   10           The Durban Navigation Collieries (Pty) Limited6 RSA A   516 000           The Vryheid (Natal) Railway Coal and Iron Company Limited RSA A   3 675           Ticor (Bermuda) Minerals Limited BER H   74 836           Ticor (Overseas) Holdings Pty Limited AUS H   10           Ticor Chemical Company Pty Limited AUS M   10           Ticor Chemicals Ghana Pty Limited GHANA C   10           Ticor Energy Pty Limited AUS F   10           Ticor Finance (A.C.T.) Pty Limited AUS F   10           Ticor Resources Pty Limited AUS H   8 111 062           Ticor Titanium Australia Pty Limited AUS H   10           Tific Pty Limited AUS H   10           TiO2 Corporation NL AUS A   85 101 240           Yalgoo Minerals Pty Limited AUS H   48 216 010           TOTAL INVESTMENTS IN SUBSIDIARIES (refer to note 16)       1 513 735 958 1 512 989 795 4 788 4976
	1 The interest is based on US PPI and is settled in rands based on the US$/ZAR exchange rate. The PPI NACS on 31 December 2007 was 6,89%. 2 Finance lease agreement in respect of machinery and equipment with a book value of nil (2006: R4 million). Finance leases recognised due to IFRIC 4 Determining whether an Agreement contains a Lease: 3 Finance lease agreement between Exxaro Sands (Pty) Limited and Mhlathuze Water in respect of a plant with a book value of R2 million (2006: R3 million). 4 Finance lease agreement between FerroAlloys (Pty) Limited and African Oxygen Limited (Afrox) in respect of machinery and equipment with a book value of nil (2006: R1 million). 5 Finance lease agreement between Exxaro Sands (Pty) Limited and Eskom in respect of buildings with a book value of R1 million (2006: R1 million). 6 Finance lease agreement between Exxaro Base Metals (Pty) Limited and Thuthuka Project Managers in respect of plant with a book value of nil (2006: R3 million). 7 Finance lease agreement between Exxaro TSA Sands (Pty) Limited and Air Products in respect of plant with a book value of R8 million (2006: R9 million). 8 Finance lease agreement between Exxaro TSA Sands (Pty) Limited and Mhlathuze Water in respect of plant with a book value of R23 million (2006: R24 million). 9 Finance lease agreement between Exxaro TSA Sands (Pty) Limited and Eskom in respect of buildings with a book value of R14 million (2006: R15 million). 10 Finance lease agreement between Exxaro Sands (Pty) Limited and Kusasa Bulk Terminals (Phase 1) in respect of plant with a book value of R47 million (2006: R49 million). 11 Finance lease agreement between Exxaro Sands (Pty) Limited and Kusasa Bulk Terminals (Phase 2) in respect of plant with a book value of R51 million (2006: R53 million). 12 US$60 million senior notes issued by Ticor Finance (A.C.T.) Pty Limited, an entity controlled by Exxaro Australia Sands (Pty) Limited, and a syndicated loan facility of US$60 million, of which US$17     million was drawn on 31 December 2007. 13Finance lease agreements in respect of computer equipment with a book value of R1 million (2006: R2 million).
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