THE WATERBERG COAL COMPANY LTD - Terms and conditions of appointment of Managing Director

Terms and conditions of appointment of Managing Director

The Waterberg Coal Company Limited
(Incorporated in Australia)
(Registration number ABN 64 065 480 453)
ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
(“WCC” or “the Company”)

TERMS AND CONDITIONS OF APPOINTMENT OF MANAGING DIRECTOR


The Board of WCC advises that the material terms and conditions 
applicable for Mr Stephen Miller pursuant to his appointment as 
Managing Director (MD) of the Company comprise:

  - Fees: AU$350,000 gross per annum in total consideration,
    paid monthly on submission of a valid tax invoice (Fee).

  - Transaction Bonus: Subject to prior shareholder approval,
    a transaction bonus equal to 120% of the Fee in the event
    of completion of a trigger event type transaction such as
    a merger or takeover.

  - Business Expenses: Approved business expenses to be reimbursed 
                       on claim.

  - Vacational Leave: 20 working days (4 weeks) per annum.

  - Termination Without: MD = 3 months prior written notice
    Cause                WCC = 12 months prior written notice

Lee Boyd
Company Secretary
The Waterberg Coal Company Limited

12 October 2015

JSE Sponsor
The Standard Bank of South Africa Limited


Registered   office:
Level 2, 1   Walker Avenue West Perth, Western Australia 6005
Australia
Tel: +61 8   9485 0888
Fax: +61 8   9485 0077

South African office:
Level 1, The Place,
1 Sandton Dr
Sandton, 2146
South Africa
Tel: +27 10 594 2240
Fax: +27 10 594 2253

Contact:
Mr Stephen Miller
Executive Director/CEO

Or

Investor relations in South Africa:
Bruce Tinney
+27 (83) 408 3028
E-mail: info@waterbergcoal.com.au


Directors:
Dr Mathews Phosa (Chairman)
Stephen Miller
(Executive Director and MD)
Lee Boyd
(Director and Company Secretary)

Date: 12/10/2015 11:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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