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Release Date: 18/05/2016 15:28:00      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 Statement

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported on next will differ by 20% or more from the
financial results for the previous corresponding period.

Shareholders are advised that Wescoal is in the process of finalising its results for the 12 month period
ended 31 March 2016. Further to the Trading Statement published on 22 March 2016, the Company
now has clarity on the actual range of the increase and anticipates that it will report the following;

Headline earnings per share (HEPS) of between 25.7 cents and 28.8 cents (12 months to 31 March
2015: 15.4 cps), being an increase of between 67% and 87%.

Earnings per share (EPS) of between 25.9 cents and 29.0 cents (12 months to 31 March 2015: 15.7
cps), being an increase of between 65% and 85%.

The increases in HEPS and EPS are primarily attributed to cost saving and productivity initiatives as
well as the successful operationalisation of the Elandspruit project. Producing consistently at target
production rate of 165kt Run of Mine (?ROM?) per month, Elandspruit has met expectations and is
delivering on its promise.

The financial information on which this trading update is based has not been reviewed or reported
on by the company`s auditors.

The company`s results for the 12 months ended 31 March 2016 will be published on SENS on 2nd June
2016. Shareholders and investors will be invited to attend a presentation and dial-in details of a
webcast will be circulated nearer to the date. For further information and details please contact
Jacques de Bie on JdeBie@Singular.co.za or 082 691 5384 and see the company website:

18 May 2016

Nedbank Corporate and Investment Banking

Investor Relations
Singular Systems

Date: 18/05/2016 03:28:00 Supplied by www.sharenet.co.za                     
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