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Wescoal - Wesmine Transaction

Release Date: 19/08/2005 16:10:07      Code(s): WSL
Wescoal - Wesmine Transaction                                                   
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.                      
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")                                                    
WESCOAL - WESMINE TRANSACTION                                                   
Further to the announcement made on 19 July 2005 on SENS, shareholders are      
advised that the JSE Limited approved the listing of an additional 3 709 139    
ordinary Wescoal shares.  The shares were issued to Hilkru Mining Development   
(Pty) Limited as part of the acquisition of Wescoal Mining (Pty) Limited        
("Wesmine") at an issue price of 55.8081 cents each.                            
Johannesburg                                                                    
19 August 2005                                                                  
Designated Adviser                                                              
Exchange Sponsors                                                               
Date: 19/08/2005 04:10:10 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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