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Release Date: 19/10/2016 08:35:00      Code(s): WSL     
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share 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 become reasonably certain that the financial results for
the period to be reported on will differ by more than 20% from the previous corresponding period.

Shareholders are advised that the Company expects, with reasonable certainty, that the earnings per
share (EPS) for the six months ended 30 September 2016 will be between 24.1 and 28.9 cents per
share, compared to the 5.3 cents per share reported for the prior comparative period (being an
increase of more than 350%).

Headline earnings per share (HEPS) for the period will be between 23.2 and 27.8 cents per share,
compared to the 5.1 cents per share reported for the prior comparative period ( being an increase of
more than 350%).

The financial information on which this trading statement is based has not been reviewed or
reported on by Wescoal`s auditors. The Company`s financial results for the interim period ended 30
September 2016 are expected to be released on or about 1 November 2016. Shareholders will be
invited to a webcast and conference call on the day. Further details are available from Jacques de
Bie: Jdebie@singular.co.za or 082 691 5384

Wescoal?s solid performance is on the back of strong sales from Elandspruit, the Company?s flagship
mine and further operational efficiencies.

19 October 2016

Nedbank Corporate and Investment Banking

Date: 19/10/2016 08:35:00 Supplied by www.sharenet.co.za                     
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