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Wescoal Holdings Limited - Board Appointment : Wescoal Appoint Group Finance Director

Release Date: 04/05/2016 08:25:00      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?)

BOARD APPOINTMENT: WESCOAL APPOINTS GROUP FINANCE DIRECTOR [CFO]

Wescoal is pleased to announce the appointment of Bothwell Mazarura as Group Finance
Director and Chief Financial Officer, effective from 1 July 2016. This follows the Company?s
SENS announcement on March 22, 2016 (Wescoal Trading Statement, Executive
Appointments, BEE, Operational Update and Site Visit).

Bothwell previously held various senior financial roles at Lonmin Plc from 2010, including
Head of Group Finance, Head of Treasury and Acting Chief Financial Officer. Prior to joining
Lonmin, he was a Partner at Deloitte, a position he had held since 2002.Bothwell also spent
some time in the United Kingdom working for Deloitte.

He also serves the Cancer Association of South Africa (CANSA) as a non-executive director
chairing the Audit and Risk Committee for the organization.

Izak van der Walt, Wescoal?s acting Chief Financial Officer will take on the role of General
Manager Finance for Operations providing support to the Group and Board financial roles.

Robinson Ramaite, Wescoal?s Chairman, says: ?We welcome Bothwell to the Company and
look forward to his participation and experience from a number of international and
mining platforms which he brings to Wescoal.

Isando 04 May 2016

Sponsor Nedbank Corporate and Investment Banking

Investor Relations Advisor Jacques de Bie Tel: 082 691 5384



Notes and Biographical Details:

-   Bothwell Mazarura is a Chartered Accountant in Zimbabwe, South Africa as well as in England
    and Wales.
-   He holds a Bachelor of Accounting Science degree from the University of South Africa.
-   Additional skills and experience include technical accounting knowledge (IFRS expert), corporate
    governance and regulatory matters, listed entity experience (LSE and JSE), strategy formulation,
    M&A, Treasury and capital management.
-   Born in August 1973, Bothwell is Zimbabwean with permanent residence in South Africa.

Date: 04/05/2016 08:25:00 Supplied by www.sharenet.co.za                     
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