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Wescoal Holdings Limited - Directors Dealings In Securities

Release Date: 24/11/2014 08:32:00      Code(s): WSL     
WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
JSE Share code: WSL ISIN: ZAE000069639
("Wescoal? or ?the Company?)

Directors dealing in securities

Waterberg Portion Property (Pty) Ltd (?WPP?), a major BEE shareholder in Wescoal has
unbundled its shares in Wescoal to its shareholders, including 15 174 536 Wescoal shares of the
company to MR Ramaite, the non-executive Chairperson of Wescoal. The unbundling will not
have any impact on the current BEE structure of Wescoal.

In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the following
information relating to dealings in securities of Wescoal is disclosed as follows:

Company:                       Wescoal Holdings Limited
Director name:                 MR Ramaite
Name of associate:             WPP
Relationship of associate:     Director
Date of transaction:           20 November 2014
Number of shares:              15 174 536
Price of shares:               185 cents
Total value:                   R 28 072 891.60
Class of shares:               Ordinary shares
Nature of transaction:         Off market unbundling
Nature of interest:            Indirect beneficial
Clearance:                     Yes


Company:                       Wescoal Holdings Limited
Director name:                 Wiseman Khumalo
Name of associate:             WPP
Relationship of associate:     Director
Date of transaction:           20 November 2014
Number of shares:              2 000 000
Price of shares:               185 cents
Total value:                   R3 700 000
Class of shares:               Ordinary shares
Nature of transaction:         Off market purchase
Nature of interest:            Direct beneficial
Clearance:                     Yes


24 November 2014
Isando

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Date: 24/11/2014 08:32:00 Supplied by www.sharenet.co.za                     
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