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Release Date: 20/06/2014 07:30:00      Code(s): WSL     
Wescoal Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/006913/06)
(JSE code: WSL ISIN: ZAE000069639)
(?Wescoal? or ?the company?)

Trading update

In terms of paragraph 3.4 (b) of the JSE Limited ("JSE") Listings Requirements, companies are
required to publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will differ by more than 20% from the previous
corresponding period.

Shareholders are advised that the company expects, with reasonable certainty, that the earnings
per share for the year ended 31 March 2014 to be between 36 and 42 cents per share compared
to 12.5 cents per share for the comparative period and headline earnings for the year ended 31
March 2014 to be between 14 and 16 cents per share compared to 12.2 cents per share for the
comparative period.

Headline earnings per share have been adjusted for an after tax profit 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 year ended 31 March
2014 are expected to be released on 24 June 2014.

20 June 2014

Exchange Sponsors

Date: 20/06/2014 07:30:00 Supplied by www.sharenet.co.za                     
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