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South African Coal Mining Hldgs Ltd - Cautionary Announcement Re Bee Transaction

Release Date: 06/09/2012 14:00:00      Code(s): SAH     
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)

CAUTIONARY ANNOUNCEMENT RE BEE TRANSACTION


Shareholders are referred to the announcements made on 7 November 2011 and 30
March 2012, in which it was inter alia stated that the company intended to 
commence a process to reinstate its BEE shareholding.  JSW Energy Natural 
Resources South Africa (Pty) Limited (JSW),  the majority shareholder of 
the company, has commenced a formal process to find a suitable BEE shareholder. 

A number of potential acquirers expressed firm interest to acquire a minimum 
strategic interest in SACMH from JSW. A number of prospective bidders were 
shortlisted by JSW, signed confidentiality undertakings and are engaged in a 
process which will result in the submission of binding offers.  Mine visits 
were also undertaken. Final offers  are due during the month of September.

If JSWs negotiations with one of these parties are successful, it may have 
an impact on the price of the companys securities. Accordingly, shareholders 
are advised to exercise caution when dealing in the companys securities.

6 September 2012

Johannesburg


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Date: 06/09/2012 02:00:00 Supplied by www.sharenet.co.za                     
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