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Wescoal Holdings Limited - Trp Ruling In Respect Of The Waiver Of The Mandatory Offer

Release Date: 28/11/2016 14:30:00      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 ?Company?)


Unless defined in this announcement or if the context dictates otherwise, capitalised terms used in
this announcement have the same meanings as given in the circular to Shareholders dated 25
October 2016 detailing the terms of the proposed black economic empowerment transaction.

Shareholders are referred to the announcements published by the Company on SENS dated 29
September 2016, 25 October 2016 and 23 November 2016 in relation to the Transaction.

Shareholders are hereby advised that the TRP has approved the Company?s application to waive the
Mandatory Offer (?Ruling?). In accordance with the TRP guidelines, Shareholders may request the
Takover Special Committee to review the Ruling within 5 Business Days of the publication of this
announcement on SENS. After expiry of the aforesaid 5 Business Days, in the absence of any request
to review the Ruling, the TRP proceedings relating to the Waiver will be regarded as fully completed.

By order of the Board of Directors of Wescoal

28 November 2016

Investment Bank, Corporate Advisor and Sponsor
Nedbank Corporate and Investment Banking

Date: 28/11/2016 02:30:00 Supplied by www.sharenet.co.za                     
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