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HWANGE COLLIERY COMPANY LIMITED - Renewal cautionary statement

Release Date: 04/05/2016 08:01:00      Code(s): HWA     
(Incorporated in Zimbabwe under registration number 381/1954)
ZSE Share Code: HWA ISIN: ZW0009011934
JSE Share Code: HWA ISIN: ZW0009011934
LSE Share Code: HWA ISIN: ZW0009011934


Further to the Cautionary statement published on 7 March 2016, Hwange
Colliery Company Limited wishes to update its valued shareholders and
members of the public that the Company is still engaged in discussions
that may lead to transactions which may have an impact on the share price.

The contemplated transaction is a Rights Offer. The Company is at an
advanced stage of converting government debt to equity and at the same
time raising working capital for the Company through a private placement.

The Directors therefore advise the Shareholders of Hwange Colliery Company
Limited and the public, to continue exercising caution and to consult
their professional advisers when dealing in the Company?s shares.

By order of the Board

Allen Masiya
4 May 2016

Sponsor: Sasfin Capital
(A Division of Sasfin Bank Limited)

Financial Advisor

Sponsoring Broker
ABC Stockbrokers

Date: 04/05/2016 08:01:00 Supplied by www.sharenet.co.za                     
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