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Wescoal Holdings Limited - Coal Purchase Agreements And Export Supply Contract

Release Date: 28/09/2016 08:28:00      Code(s): WSL     
WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(?Wescoal? or "the Group")

Coal purchase agreements and export supply contract
Wescoal is pleased to announce that it has successfully finalised a series of material coal supply
contracts with third parties (?Coal Purchase Confirmations?). This is in line with the Group?s stated
intent to diversify its revenue streams and to supply one million tons per annum of coal into the
export market.

In terms of the Coal Purchase Confirmations, Wescoal will supply over five million tons of coal from
November 2016 to April 2021.

The Coal Purchase Confirmations would expand Wescoal?s presence in the domestic thermal coal
market and increase its exports to approximately one million tons per annum. The agreements
further de-risk and provide certainty around future Wescoal cash flows and diversity of its revenue
streams.

28 September 2016

Sponsor
Nedbank Corporate and Investment Banking

Investor Relations & Communications
Singular IR

Date: 28/09/2016 08:28:00 Supplied by www.sharenet.co.za                     
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