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Wescoal Holdings Limited - Directors Dealing In Securities

Release Date: 01/08/2005 10:30:07      Code(s): WSL
Wescoal Holdings Limited - Directors Dealing In Securities                      
Wescoal Holdings Limited                                                        
(previously known as "Abrina 724 Limited")                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 2005/006913/06)                                            
(JSE code: WSL & ISIN: ZAE000069639)                                            
("Wescoal" or "the company")                                                    
Directors Dealing In Securities                                                 
Warning: The listing of ordinary shares in the company is on ALTx.  Investors   
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a       
company listed on ALTx.  In terms of the Listings Requirements, the company is  
obliged to appoint and retain a Designated Adviser, which is required to, inter 
alia, attend all board meetings held by the company to ensure that all the      
Listings Requirements and applicable regulations are complied with, approve the 
Financial Director of the company and guide the company in a competent,         
professional and impartial manner.  If the company fails to retain a Designated 
Adviser, it must make arrangements to appoint a new Designated Adviser within 10
business days, failing which the company faces suspension of trading of its     
securities.  If a Designated Adviser is not appointed within 30 days of its     
suspension, the company faces the termination of its listing without the        
prospect of an appropriate offer to minority shareholders.                      
In compliance with rule of 21.30 read with rules 3.63 to 3.65 of the JSE Listing
Requirements, the following should be noted:                                    
Name of Director         :    Andre R Boje                                      
Date of transaction      :    29 July 2005                                      
Nature of transaction    :    Purchase                                          
Price                    :    52 cps                                            
Number of shares         :    35 000                                            
Total amount             :    R18 200-00                                        
Class of security        :    Ordinary Shares                                   
Nature of interest       :    Direct Beneficial                                 
Clearance obtained       :    Yes                                               
Name of Director         :    Andre R Boje                                      
Date of transaction      :    29 July 2005                                      
Nature of transaction    :    Purchase                                          
Price                    :    53 cps                                            
Number of shares         :    46 000                                            
Total amount             :    R24 380-00                                        
Class of security        :    Ordinary Shares                                   
Nature of interest       :    Direct Beneficial                                 
Clearance obtained       :    Yes                                               
01 August 2005                                                                  
Johannesburg                                                                    
Date: 01/08/2005 10:30:12 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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