WESCOAL HOLDINGS LIMITED - Results of annual general meeting

Results of annual general meeting

WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or "the Company")

RESULTS OF ANNUAL GENERAL MEETING

Wescoal shareholders are advised that the voting results for the annual general meeting of Wescoal held at the
registered offices of the Company on 9 November 2016 were as follows:

 Resolution                                  Number of    Percentage          For**   Against**      Abstained*
                                              ordinary   of ordinary              %           %               %
                                                shares     shares in
                                                 voted        issue*
                                                                   %
 Ordinary Resolution 1 : Re-election of
 directors
 1.1 To re-elect Mr. RM Ramaite            129 073 873      54.33921        99.97641     0.02359        0.04313
 1.2 To re-elect Dr. MH Mathe              129 073 873      54.33921        99.99965     0.00035        0.04313
 Ordinary Resolutoin 2 : Election of
 directors
 2.1 To elect Mr. Thiva Tshithavhane       129 065 303      54.33560        99.96475     0.03525        0.04673
 2.2 To elect Mr. Bothwell Mazarura        129 065 303      54.33560        99.92542     0.07458        0.04673
 Ordinary Resolution 3: Appointment of
 Audit and Risk Committee members
 3.1 Mr JG Pansegrouw                      129 084 738      54.34379             100           0        0.03855
 3.2 Ms KM Maroga                          129 084 498      54.34368        99.89019     0.10981        0.03865
 3.3 Ms DMT van Gaalen                     129 084 738      54.34379        99.99965     0.00035        0.03855
 Ordinary Resolution 4 : Appointment       129 093 308      54.34739             100           0        0.03494
 of external auditors
 Ordinary Resolution 5 : Control of        116 581 808      49.08014        99.98713     0.01287        5.30220
 authorised but unissued share capital
 Ordinary Resolution 6 : Remuneration      129 042 849      54.32615        99.98140     0.01860        0.05619
 policy
 Ordinary Resolution 7 : General           116 571 808      49.07593        99.98713     0.01287        5.30641
 authority to issue shares for cash
 Special Resolution 1 : Non-executive      129 051 089      54.32962        99.98087     0.01913        0.05272
 directors’ remuneration
 Special Resolution 2 : Financial          129 083 498      54.34326        99.98644     0.01356        0.03907
 assistance
 Special Resolution 3 : General approval   116 579 238      49.07906             100           0        5.30328
 to repurchase Company shares
 Special Resolution 4 : Adoption of new    129 036 998      54.32369             100           0        0.05865
 MoI

*     Based on 237 533 578 shares in issue at the date of the annual general meeting.
**    In relation to the total number of shares voted at the annual general meeting.

Based on the above voting results, all resolutions were passed by the requisite majority of Wescoal shareholders
present in person or represented by proxy at the annual general meeting.


Johannesburg
10 November 2016

Sponsor
Nedbank Corporate and Investment Banking

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