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Wescoal Holdings Limited - Dividend Finalisation Announcement

Release Date: 30/08/2017 14:06:00      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?)

Dividend finalisation announcement

Shareholders are referred to Wescoal?s audited results for the year ended 31 March 2017, released on
SENS on 28 June 2017, wherein the directors declared the distribution of a dividend of R12 million for
the period to 31 March 2017.

The directors are now in a position to confirm the declaration of a gross final dividend of 2.66720 cents
per ordinary share for the year ended 31 March 2017 (2016: 4.20993 cents). The dividend has been
declared from income reserves.

In terms of dividend tax, the following additional information is disclosed:

-     the dividend is subject to dividend tax of 20%; and
-     the net dividend will therefore be 2.13376 cents per share for shareholders who are not exempt
      from dividend tax.

The amount of shares in issue at the date of this declaration is 449 909 827 (437 405 827 exclusive of
treasury shares) and the Company's tax reference number is 9876593147.

In order to comply with the requirements of Strate, the relevant dates are as follows:

    Last date to trade (cum dividend)                            Tuesday, 19 September 2017
    Shares to commence trading (ex-dividend)                     Wednesday, 20 September 2017
    Record date                                                  Friday, 22 September 2017
    Payment date                                                 Tuesday, 26 September 2017

No share certificates may be dematerialised or rematerialised between Wednesday, 20 September
2017 and Friday, 22 September 2017, both dates inclusive.


30 August 2017


Sponsor
Nedbank Corporate and Investment Banking

Date: 30/08/2017 02:06:00 Supplied by www.sharenet.co.za                     
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