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 13 November 2015 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 Ms KM Maroga              147 465 960        71.53338        62.84821        37.15179        0.03660
 1.2 To re-elect Mr JG Pansegrouw          147 465 960        71.53338       100.00000               -        0.03660
 Ordinary Resolutoin 2 : Election of
 directors
 2.1 To elect Mr W Sulaiman                147 465 960        71.53338       100.00000               -        0.03660
 2.2 To elect Mr I van der Walt            147 465 960        71.53338       100.00000               -        0.03660
 Ordinary Resolution 3: Appointment of
 Audit and Risk Committee members
 3.1 Mr JG Pansegrouw                      147 465 960        71.53338       100.00000               -        0.03660
 3.2 Ms KM Maroga                          147 465 960        71.53338        62.84957        37.15043        0.03660
 3.3 Ms DMT van Gaalen                     147 465 960        71.53338        66.24018        33.75982        0.03660
 Ordinary Resolution 4 : Appointment       147 465 960        71.53338        99.99661         0.00339        0.03660
 of external auditors
 Ordinary Resolution 5 : Control of        147 465 960        71.53338        62.84618        37.15382        0.03660
 authorised but unissued share capital
 Ordinary Resolution 6 : General           147 465 960        71.53338        62.86156        37.13844        0.03660
 authority to issue shares for cash
 Ordinary Resolution 7 : Remuneration      147 465 960        71.53338        66.23679        33.76321        0.03660
 policy
 Special Resolution 1 : Non-executive      147 465 960        71.53338        71.18709        28.81291        0.03660
 directors’ remuneration
 Special Resolution 2 : To authorise       147 465 960        71.53338        99.99661         0.00339        0.03660
 inter-company loans
 Special Resolution 3 : General approval   147 465 960        71.53338        62.84618        37.15382        0.03660
 to repurchase Company shares

*     Based on 206 149 846 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.
***   In relation to the total number of shares in issue at the date of the annual general meeting.

Based on the above voting results, all resolutions, except for Ordinary Resolution 6, Special Resolution 1 and Special
Resolution 3, were passed by the requisite majority of Wescoal shareholders present in person or represented by
proxy at the annual general meeting.


Johannesburg
13 November 2015

Sponsor
Nedbank Corporate and Investment Banking

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