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SAH - South African Coal Mining Holdings Limited - Further extension of

Release Date: 06/01/2011 12:00:02      Code(s): SAH
SAH - South African Coal Mining Holdings Limited - Further 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")                                                      
FURTHER EXTENSION OF MANDATORY OFFER                                            
Shareholders are referred to the announcement released on SENS on 20 December   
2010 setting out the revised salient dates of the extended 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 with the consent of the Securities Regulation Panel, in the light of  
the fact that many offerees and brokers are still on leave, to extend the       
closing date of the offer further until 12:00 on Friday 21 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, 14 January 2011          
  event of the suspension of SACMH`s 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  on                    Friday , 21 January 2011         
Record date                                  Friday, 21 January 2011          
  Results of the offer released on SENS on     Monday, 24 January 2011          
Results of the offer published in the        Tuesday,  25 January 2011        
  press on                                                                      
  Payment date                                 See note 8 below                 
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, 14 January 2011 and Friday, 21 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, 24 January 2011    
for the period ending at 12:00 on the closing date, Friday, 21 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.                                                              
6 January 2011                                                                  
Exchange Sponsors                                                               
Date: 06/01/2011 12:00:02 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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