Cautionary announcement re BEE transaction
South African Coal Mining Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009012/06
Share code: SAH ISIN: ZAE000102034
(SACMH or the company)
CAUTIONARY ANNOUNCEMENT RE BEE TRANSACTION
Shareholders are referred to the announcements made on 7 November 2011 and 30
March 2012, in which it was inter alia stated that the company intended to
commence a process to reinstate its BEE shareholding. JSW Energy Natural
Resources South Africa (Pty) Limited (JSW), the majority shareholder of
the company, has commenced a formal process to find a suitable BEE shareholder.
A number of potential acquirers expressed firm interest to acquire a minimum
strategic interest in SACMH from JSW. A number of prospective bidders were
shortlisted by JSW, signed confidentiality undertakings and are engaged in a
process which will result in the submission of binding offers. Mine visits
were also undertaken. Final offers are due during the month of September.
If JSWs negotiations with one of these parties are successful, it may have
an impact on the price of the companys securities. Accordingly, shareholders
are advised to exercise caution when dealing in the companys securities.
6 September 2012
Johannesburg
Sponsor:
Exchange Sponsors
1
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