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Wescoal Holdings Limited - Trading Update

Release Date: 28/10/2013 08:55:00      Code(s): WSL     
WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
(JSE code: WSL ISIN: ZAE000069639)
(?Wescoal? or ?the company?)

TRADING UPDATE

Shareholders are referred to the SENS announcement released on 11 October 2013.

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 expects, with reasonable certainty, that the earnings
per share for the six months ended 30 September 2013 to be between 35 and 38 cents per
share compared to 6.8 cents per share for the comparative period and headline earnings for the
six months ended 30 September 2013 to be between 10 and 12 cents per share compared to 6.9
cents per share for the comparative period.

Headline earnings per share have been adjusted for an after tax profit of R58, 6 million on the
sale of the Vlaklaagte Prospecting right.

The financial information on which this trading statement is based has not been reviewed or
reported on by Wescoal`s auditors. The company`s financial results for the six months ended 30
September 2013 are expected to be released on 4 November 2013.



28 October 2013
Johannesburg

Sponsor
Exchange Sponsors

Date: 28/10/2013 08:55:00 Supplied by www.sharenet.co.za                     
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