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Release Date: 29/10/2012 13:05:00      Code(s): WSL     
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
(JSE code: GDN ISIN: ZAE000069639)
(?Wescoal? or ?the company?)


In terms of the Listings Requirements of the JSE Limited ("JSE"), section 3.4(b), companies are
required to publish a trading statement as soon as they are satisfied that a reasonable degree of
certainty exists that the financial results for the period will differ by at least 20% from the financial
results for the previous corresponding period.

Shareholders are advised that the company is in the process of finalizing its results for the six
months ended 30 September 2012 and expects earnings per share for the six months ended 30
September 2012 to be between 6.1 cents and 7.1 cents as compared to 10.2 cents per share for
the comparative period. Headline earnings per share for the six months ended 30 September
2012 is expected to be between 6.2 and 7.2 cents compared to 7.3 cents for the comparative

The decrease in earnings for the six months ended 30 September 2012 compared to the
comparative period relates to a profit of R4,6 million on the sale of the Blesboklaagte
beneficiation plant which was included in the results for the six months ended 30 September

The financial information on which this trading statement is based has not been reviewed or
reported on by the company`s auditors.

The company?s results for the six months ended 30 September 2012 are expected to be released
on SENS during November 2012.

29 October 2012

Exchange Sponsors

Date: 29/10/2012 01:05:00 Supplied by www.sharenet.co.za                     
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