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Wescoal Holdings Limited - Renewal of cautionary announcement

Release Date: 08/03/2006 15:53:06      Code(s): WSL
Wescoal Holdings Limited - Renewal of cautionary announcement                   
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")                                                    
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcement dated 18 January 2006, shareholders are  
advised that negotiations are still in progress, which if successfully          
concluded, may have a material effect on the price of the company"s securities. 
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the company"s securities until a full announcement is made.          
8 March 2006                                                                    
Designated Adviser                                                              
Exchange Sponsors                                                               
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.                      
Date: 08/03/2006 03:53:17 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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