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Sah - South African Coal Mining Holdings - Salient Dates And Times Of

Release Date: 26/11/2010 13:01:01      Code(s): SAH
SAH - South African Coal Mining Holdings - Salient dates and times of           
mandatory offer; and withdrawal of cautionary 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")                                                      
*    SALIENT DATES AND TIMES OF MANDATORY OFFER; AND                            
*    WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                      
A    Circular with mandatory offer posted and salient dates of offer            
Shareholders are referred to the announcement released on SENS on 20 May        
2010 that JSW Energy Limited had entered into certain agreements which,         
for purposes of the Securities Regulation Code on Take-overs and                
Mergers, had triggered a change in control of SACMH. Consequently, JSW          
Energy Natural Resources South Africa (Pty) Limited ("JSW SA") was              
obliged to make a mandatory offer to all the remaining shareholders of          
SACMH at 30 cents per share, plus a possible additional amount per share        
to shareholders who accept the offer, under circumstances set out in            
paragraph 3.2.3 of the offer document.                                          
Shareholders are advised that the requisite circular containing the             
offer document as well as the response by the board of SACMH was posted         
to shareholders on Friday, 26 November 2010.                                    
The salient dates of the offer are set out below:                               
2010                        
 Offer opens at 09:00 on                            Monday, 29 November         
                                                                                
 As the listing of the shares is suspended, there                               
is no last day to trade for shareholders wishing                               
 to accept the offer consideration. However, in                                 
 the unlikely event of the suspension of SACMH`s    Friday, 17 December         
 shares on the JSE being lifted  prior to the                                   
closing date of the offer, the last day to trade                               
 will be on                                                                     
                                                                                
 Offer closes at 12:00 (assuming no extension of    Friday , 24 December        
the offer) on                                                                  
                                                                                
 Record date                                        Friday, 24 December         
                                                                                
Results of the offer released on SENS on           Tuesday, 28 December        
                                                                                
 Results of the offer published in the press on     Wednesday,  29              
                                                    December                    

 Payment date                                       See note 8 below            
Notes:                                                                          
 1.   Certificated shareholders are required to complete the forms of           
acceptance, transfer and surrender in the circular and return them to       
    the transfer secretaries by no later than 12:00 on the closing date of      
    the offer.                                                                  
 2.   Any change to the above dates and times will be agreed upon by JSW        
SA and SACMH and advised to SACMH shareholders by notification on SENS      
    and in the South African press.                                             
 3.   No dematerialisation or re-materialisation of SACMH shares will           
    take place between Friday, 17 December 2010 and Friday, 24 December         
2010.                                                                       
 4.   All times indicated above are South African times.                        
 5.   Offerees should note that acceptance of the offer will be                 
    irrevocable.                                                                
6.   The offer consideration due to dematerialised shareholders will not       
    be posted to such shareholders but will be transferred, at their risk,      
    to their accounts with their CSDP or broker where the consideration will    
    be dealt with in terms of the custody agreements entered into between       
such dematerialised shareholders and their CSDP`s or brokers.               
 7.   Cheques in respect of the offer consideration due to certificated         
    shareholders will be posted, by registered mail, to such shareholders,      
    at such shareholders` risk, to their addresses reflected in the form of     
acceptance, transfer and surrender, or if there is no address on the        
    said form, to the addresses reflected on the shareholder register.          
    Alternatively, the offer consideration will be electronically               
    transferred into a certificated shareholder`s bank account if details of    
such account are available to the transfer secretaries and the              
    certificated shareholder concerned has entered into a mandate with the      
    transfer secretaries.                                                       
 8.   Acceptances received by the transfer secretaries before 12:00 on          
each Friday between the opening date and the closing date, will be          
    settled, transferred or posted (as the case may be) on the following        
    Monday. The first settlement, transfer or posting will be on Monday, 6      
    December 2010 for the period ended at 12:00 on Friday, 3 December 2010.     
The final settlement, transfer or posting will be on Tuesday, 28            
    December 2010 for the period ending at 12:00 on the closing date,           
    Friday, 24 December 2010. 30 cents per share of the offer consideration     
    will be paid as set out above. If an additional payment becomes payable     
to shareholders who accepted the offer  in terms of paragraph 3.2.3 of      
    the offer, it will be paid not more than 6 business days after both         
    conditions in paragraph 3.2.3 have been fulfilled.                          
9.   Application will be made to the JSE, as soon as practicably                
possible after the conclusion of the offer, to lift the suspension of           
SACMH`s shares on the JSE. It should be noted that in terms of the              
Listings Requirements a company listed on the main board of the JSE must        
use its best endeavours to ensure that it has at least 300 shareholders.        
Should SACMH not comply at the conclusion of the offer, the JSE will            
probably not lift the suspension of its shares.                                 
B  Withdrawal of cautionary announcement                                        
Shareholders are referred to all recent cautionary announcements in             
respect of proposals and offers received by the board and are advised           
that caution is no longer required to be exercised by shareholders when         
dealing in their SACMH securities.                                              
Friday, 26 November 2010                                                        
Johannesburg                                                                    
Sponsor                                                                         
Exchange Sponsors                                                               
Date: 26/11/2010 13:01:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
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