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 14 November 2017 were as follows:

 Resolution                                        Number of         Percentage             For**        Against**    Abstained***
                                                    ordinary        of ordinary                 %               %               %
                                                shares voted          shares in
                                                                         issue*
                                                                              %
 Ordinary Resolution number 1 : Election
 and re-election of directors
 1.1    To elect Mr IJ Van Der Walt              300 233 265              66.73            100.00             0.00            0.06
 1.2    To re-elect Ms DMT Van Gaalen            300 233 265              66.73            100.00             0.00            0.06
 1.3    To re-elect Mr JG Pansegrouw             300 233 265              66.73            100.00             0.00            0.06
 Ordinary Resolution number 2:
 Appointment of Audit Committee
 members
 2.1    Ms KM Maroga                             300 233 256              66.73             99.98             0.02            0.06
 2.2    Ms DMT Van Gaalen (subject to            300 233 265              66.73            100.00             0.00            0.06
        her re-election as director)
 2.3    Mr JG Pansegrouw (subject to his         300 233 256              66.73            100.00             0.00            0.06
        re-election as director)
 Ordinary Resolution number 3 : Re-              300 222 713              66.73            100.00             0.00            0.06
 appointment of external auditors
 Ordinary Resolution number 4 : Control          289 904 265              64.44             93.02             6.98            2.36
 of authorised but unissued share capital
 Ordinary Resolution number 5 :
 Remuneration policy and Implementation
 report
 5.1    Remuneration policy                      289 849 715              64.42             93.00             7.00            2.37
 5.2    Implementation report                    289 894 265              64.43             93.01             6.99            2.36
 Special Resolution number 1 : Non-              300 205 311              66.73             99.96             0.04            0.07
 executive directors’ remuneration
 Special Resolution number 2 : Financial         300 213 851              66.73             99.98             0.02            0.06
 assistance to all related and inter-related
 companies
 Special Resolution number 3 : General           289 904 851              64.44             99.99             0.01            2.36
 approval to repurchase Company shares


*        Based on 449 909 827 ordinary 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 were passed by the requisite majority of Wescoal shareholders present in p erson
or represented by proxy at the annual general meeting.

Johannesburg
14 November 2017

Sponsor
Nedbank Corporate and Investment Banking

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