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Sah - Sacmh - Rights Offer Results Announcement

Release Date: 12/08/2008 07:05:11      Code(s): SAH
SAH - SACMH - Rights offer results announcement                                 
South African Coal Mining Holdings Limited                                      
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009012/06                                              
Share code: SAH                                                                 
ISIN: ZAE000102034                                                              
("SACMH" or "the company")                                                      
Rights offer results announcement                                               
SACMH is a black owned and controlled coal mining company that is raising       
capital in order to launch a major infrastructure upgrade programme designed    
to deliver on its growth objectives.                                            
The directors of SACMH are pleased to announce the results of the rights        
offer which closed on Friday, 8 August 2008.                                    
Applications were received in respect of 19,769,533 rights shares at R4.00      
per share, being 79% of the rights shares offered and a total amount raised     
of R79,078,132.                                                                 
The amount raised will contribute towards an infrastructure upgrade             
programme designed to expand production capacity, improve the cost              
effectiveness of SACMH by substantially reducing the level of toll treating     
and the use of other sidings in the region, and improve unit revenue by         
limiting the fraction of export quality coal sold into the domestic market      
or into the export market through third party Richards Bay Coal Terminal        
allocation.                                                                     
Share certificates will be posted to certificated shareholders and their        
renouncees and the custody accounts of dematerialised shareholders and their    
renouncees, who have followed their rights, will be updated and their           
accounts credited at their Central Securities Depository Participant or         
broker on Monday, 11 August 2008.                                               
Mirkwood                                                                        
11 August 2008                                                                  
Corporate adviser and sponsor                                                   
QuestCo                                                                         
Date: 12/08/2008 07:05:11 Supplied by www.sharenet.co.za                     
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