WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
(?Wescoal? or "the Company")
WESCOAL ENTERS NEGOTIATIONS TO INCREASE BLACK ECONOMIC EMPOWERMENT
Wescoal has entered negotiations to increase its BEE ownership (?the BEE transaction?) and
shareholders are advised to exercise caution when dealing in Wescoal?s shares until a
further announcement in this regard is published.
In this respect the attention of shareholders is drawn to the SENS announcement released
on 17 August 2016 relating to the long term coal supply agreement entered into with Eskom
and Wescoal?s obligation therein to transform its BEE ownership to more than 50% by end
23 August 2016
Nedbank Corporate and Investment Banking
Date: 23/08/2016 04:05:00 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.