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SAH - South African Coal Mining Holdings Limited - Court order re mandatory

Release Date: 02/12/2011 13:37:10      Code(s): SAH
SAH - South African Coal Mining Holdings Limited - Court order re mandatory     
offer price                                                                     
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")                                                      
COURT ORDER RE MANDATORY OFFER PRICE                                            
Shareholders are referred to the SENS announcement released on 7 November       
JSW Energy Limited ("JSW" or "the applicant") applied to the South Gauteng      
High Court for an order to review and set aside the following Rulings of        
the Appeal Committee of the Securities Regulation Panel of 4 April 2011:        
    (a)  that the comparable price to be offered by the applicant to            
         minority shareholders of SACMH is 38,6 cents per share;                
(b)  that the applicant pay the costs of the appeal to the Appeal           
On 22 November 2011 the South Gauteng High Court in an unopposed hearing        
granted JSW`s application and issued an order declaring that the comparable     
price to be offered to the minority shareholders of SACMH was 30 cents per      
The mandatory offer was made at such price, the offer opened on 29 November     
2010 and closed on 18 February 2011.                                            
In the light of the Court Order the Takeover Regulation Panel has confirmed     
that JSW has complied with all its obligations in terms of the offer.           
2 December 2011                                                                 
Exchange Sponsors                                                               
Date: 02/12/2011 13:37:10 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
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information disseminated through SENS.                                          

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