WESCOAL HOLDINGS LIMITED - Results of voting

Results of voting

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 VOTING

Wescoal shareholders are referred to the announcement released on SENS on 31 January 2022 and a circular
distributed to shareholders (the “Circular”) relating to the proposed change of name of Wescoal to “Salungano Group
Limited” (the “Change of Name”) on the same date.

Following the voting by written resolutions which voting period closed on Tuesday, 8 March 2022, shareholders are
advised that the voting results relating to the Change of Name were as follows:

    Resolution                             Number of       Percentage            For**       Against**     Abstained***
                                             ordinary      of ordinary               %                %               %
                                         shares voted        shares in
                                                                issue*
                                                                     %
    Special Resolution number 1:         335 947 309             80.00          100.00             0.00             0.06
    Change of Name
    Ordinary Resolution number 1:        335 947 309             80.00           99.98             0.02             0.06
    Authority to implement Special
    Resolution number 1

*          Based on 419 916 854 ordinary shares in issue as at Friday, 21 January 2022, being the record date to
           determine which shareholders were eligible to vote on the resolutions.
**         In relation to the total number of shares voted.
***        In relation to the total number of shares in issue .

Based on the above voting results, all resolutions were passed by the requisite majority of Wescoal shareholders.

A finalisation announcement will be released on SENS on Tuesday, 29 March 2022 to notify shareholders once the
Change of Name has been registered with CIPC.

The salient dates and times of the Change of Name as set out in the Circular are still relevant and applicable.


Johannesburg
9 March 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 09-03-2022 10:42:00
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