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Wescoal Holdings Limited - Change To Wescoal Board And Cfo Appointment

Release Date: 07/08/2017 13:58:00      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")

CHANGE TO WESCOAL BOARD AND CFO APPOINTMENT

Subsequent to the SENS announcement on 6 July 2017, the Company has appointed Izak Van Der Walt
as Chief Financial Officer and executive director effective 01 September 2017 to succeed Bothwell
Mazarura who will step down as CFO and executive director on 31 August 2017, to pursue a Finance
Director role at Kumba Iron Ore Ltd.

Izak previously held the position of General Manager Operations: Finance where in addition to
financial reporting, treasury and funding; strategic execution and related controls to optimise financial
performance, he held key responsibilities included the IT function, Insurance and Enterprise Risk
Management.

Van der Walt joined Wescoal in 2015 as Group Financial Specialist and in 2015 became Acting Chief
Financial Officer for nearly a year, providing high level guidance to the board and leadership to
operations as part of the executive management team. Prior to joining Wescoal, he gained over 14
years? experience in the mining sector in various financial management roles locally and
internationally.

Izak currently serves as executive director to the Wescoal subsidiary board of Wescoal Mining (Pty)
Ltd. He also serves as an executive director on recently acquired Keaton Energy Holdings Limited.

Izak is a Chartered Accountant (SA), holding BCompt, BCompt Honours and CTA qualifications (articles
with Price Waterhouse Coopers) and member of the Public Accountants & Auditors Board.

07 August 2017

Sponsor
Nedbank Corporate and Investment Banking

Investor Relations
Singular IR

Date: 07/08/2017 01:58:00 Supplied by www.sharenet.co.za                     
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