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Sah - South African Coal Mining Holdings Limited - Lapse Of Firm Intention

Release Date: 04/05/2010 13:45:03      Code(s): SAH
SAH - South African Coal Mining Holdings Limited - Lapse of firm intention      
received from Wescoal Holdings Limited ("WESCOAL")                              
SOUTH AFRICAN COAL MINING HOLDINGS LIMITED                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number:  1994/009012/06)                                          
Share code:  SAH      ISIN:  ZAE000102034                                       
("SACMH")                                                                       
LAPSE OF FIRM INTENTION RECEIVED FROM WESCOAL HOLDINGS LIMITED ("WESCOAL")      
Shareholders are referred to the announcement by SACMH on Tuesday, 30 March     
2010 ("the Wescoal Announcement"), where it was announced that the SACMH board  
of directors ("the Board") received a letter from Wescoal containing a firm     
intention to make an offer to acquire all the issued ordinary share capital of  
SACMH ("the Firm Intention").                                                   
The Firm Intention contained, inter alia, a condition precedent that the Firm   
Intention had to be accepted by the Board by no later than 30 April 2010. This  
condition was not fulfilled and therefore the Firm Intention has lapsed.        
Wescoal does not intend to proceed with an offer.                               
Johannesburg                                                                    
4 May 2010                                                                      
Sponsor:                                                                        
Exchange Sponsors                                                               
Date: 04/05/2010 13:45:03 Supplied by www.sharenet.co.za                     
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