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

Release Date: 20/01/2011 17:15:26      Code(s): SAH
SAH - South African Coal Mining Holdings Limited - Further extension of         
mandatory offer,Application to lift suspension,Hearing of appeal committee of   
the SRP                                                                         
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                                      
 *    APPLICATION TO LIFT SUSPENSION                                            
 *    HEARING OF APPEAL COMMITTEE OF THE SRP                                    
1    FURTHER EXTENSION OF MANDATORY OFFER                                       
Shareholders are referred to the announcement released on SENS on 6 January     
2011 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 the offeror and companies in the Royal Bafokeng Group          
currently control in excess of 90% of the issued share capital of SACMH, to     
extend the closing date of the offer further until 12:00 on Friday 18 February  
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 currently                                      
 suspended, there is no last day to trade for                                   
shareholders wishing to accept the offer                                       
 consideration. However, in the event of the       Friday, 11 February 2011     
 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 , 18 February 2011    
Record date                                       Friday, 18 February 2011     
 Results of the offer released on SENS on          Monday, 21 February 2011     
Results of the offer published in the press on    Tuesday,  22 February 2011   
 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      
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 Monday, 14 February 2011 and Friday, 18 February 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          
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, 21 February 2011   
    for the period ending at 12:00 on the closing date, Friday, 18 February     
    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.                                                  
2.   APPLICATION TO LIFT SUSPENSION                                             
    The board of SACMH is in the process of considering whether to apply for    
    the lifting of the suspension of SACMH`s shares on the JSE.                 
3.   HEARING OF APPEAL COMMITTEE OF SRP                                         
SACMH was advised by the Securities Regulation Panel ("SRP") that the       
    appeal committee of the SRP had been constituted and that the hearing in    
    respect of the appropriate offer price of the offer by JSW  SA to           
    shareholders of SACMH will commence at the offices of the SRP at            
Sunnyside Office Park, 1st floor, Building B, 32 Princess of Wales          
    Terrace, off St. Andrews Road, Parktown at 9:00 on 26 January 2011. All     
    shareholders of SACMH are welcome to attend or to make written              
    submissions to the Appeal Committee at fax number 011 642 9284 by not       
later than 25 January 2011.                                                 
20 January 2011                                                                 
Exchange Sponsors                                                               
Date: 20/01/2011 17:15:26 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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