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HWANGE COLLIERY COMPANY LIMITED - Notice To Shareholders And Further Cautionary Statement

Release Date: 24/11/2016 08:00:00      Code(s): HWA     
(Incorporated in Zimbabwe under registration number 381/1954)
ZSE Share Code: HCCL.ZW ISIN: ZW0009011934
JSE Share Code: HWA ISIN: ZW0009011934
LSE Share Code: HWA ISIN: ZW0009011934

Notice To Shareholders And Further Cautionary Statement

Rights Issue
Further to the cautionary statement published on 7 October 2016, Hwange Colliery Company Limited
wishes to advise its Shareholders and the public that after consultations with major Stakeholders and
professional advisors the Company has found it prudent to pursue a debt management plan ahead of
any capital raising initiatives. As such the Company has suspended discussions involving the rights
issue and private placement and is at advanced stages of a Scheme of Arrangement with creditors.

Scheme Meeting
Pursuant to the granting of the High Court Order authorizing the Company to convene scheme
meetings, the Company is finalizing engagements with its creditors for a mutually acceptable debt
management plan. The Creditors and Shareholders of Hwange Colliery Company Limited shall be
notified of the Scheme Meeting date, time and venue.

Further Cautionary
Pending finalization of the foregoing discussions, Shareholders and members of the Public are
advised to exercise caution when dealing in the Company?s shares and to consult their professional
advisers before dealing in the Company?s shares.

By order of the Board

24 November 2016

Johannesburg Sponsor:
Sasfin Capital
(A Division of Sasfin Bank Limited)

Financial Advisor:
CBZ Holdings

Sponsoring Broker:
Banc ABC

Legal Advisors:
Mawere Sibanda

Directors: W Chitando (Chairman), S T Makore (Managing Director), W T Kutekwatekwa, N Masuku,
J Muskwe, A M Ngapo, V Vera


24 November 2016

Date: 24/11/2016 08:00:00 Supplied by www.sharenet.co.za                     
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