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Wescoal Holdings Limited - Reaches Wage Agreement

Release Date: 16/07/2015 08:22:00      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?)

Wescoal reaches wage agreement

Shareholders are advised that Wescoal has successfully negotiated the annual wage agreement 
with NUMSA announcing a 7% increase in basic salaries effective 1 April 2015.  The agreement 
concludes Wescoal?s annual wage negotiations for the current operating year with the exception 
of Production Bonuses which are reviewed regularly, based on performance.

The agreement also sees the introduction of medical benefits for all employees from 1 July 2015 
and a Taxi Transport allowance retrospective to 1 April 2015.  Leave pay terms and conditions 
have also been revised.

16 July 2015
Isando

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Date: 16/07/2015 08:22:00 Supplied by www.sharenet.co.za                     
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