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Sah - South African Coal Mining Holdings Limited - Extension Of Mandatory

Release Date: 20/12/2010 16:34:02      Code(s): SAH
SAH - South African Coal Mining Holdings Limited - Extension of mandatory       
offer                                                                           
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")                                                      
EXTENSION OF MANDATORY OFFER                                                    
Shareholders are referred to the announcement released on SENS on 26 November   
2010 setting out the salient dates of the mandatory offer by JSW Energy         
Natural Resources South Africa (Pty) Limited ("JSW SA") 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 JSW SA has decided, by agreement with the board   
of SACMH and the Securities Regulation Panel, to extend the closing date of     
the offer until 12:00 on Friday 7 January 2011. All other terms and             
conditions of the offer remain unaffected.                                      
The revised salient dates of the offer will therefore be as set out below:      
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      Friday, 31 December              
event of the suspension of SACMH`s shares    2010                             
  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  on                    Friday , 7 January               
                                               2011                             
                                                                                
Record date                                  Friday, 7 January                
                                               2011                             
                                                                                
  Results of the offer released on SENS on     Monday, 10 January               
2011                             
                                                                                
  Results of the offer published in the        Tuesday,  11 January             
  press on                                     2011                             

  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, 31 December 2010 and Friday, 7 January 2011.          
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     
final settlement, transfer or posting will be on Monday, 10 January 2011    
    for the period ending at 12:00 on the closing date, Friday, 7 January       
    2011. 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.                                      
20 December 2010                                                                
Johannesburg                                                                    
Sponsor                                                                         
Exchange Sponsors                                                               
Date: 20/12/2010 16:34:01 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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