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SAH - South African Coal Mining Holdings Limited - Update re release of

Release Date: 30/04/2012 13:30
Code(s): SAH
Wrap Text

SAH - South African Coal Mining Holdings Limited - Update re release of provisional results 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") UPDATE RE RELEASE OF PROVISIONAL RESULTS Shareholders are referred to the announcement released on 30 March 2012 that the release of the company`s provisional results for the year ended 31 December 2011 was delayed. The state of affairs is currently as follows: SRK Consulting ("SRK") has not yet signed off the Competent Persons Report ("CPR"), which includes inter alia an updated reserves and resources statement. As mentioned previously, indications are that there may be substantial changes compared to the position in SRK`s previous report released in 2008, specifically with reference to the reserves and resources positions. Indications at this stage are that these changes will result in a significant impairment charge, the final nature and extent of which will only be determinable upon receipt of the final CPR. The final audited results will subsequently need to be reviewed by the Audit Committee and adopted by the Board of SACMH. All indications are that these matters will be completed during the next fortnight, which will enable SACMH to release its provisional results for the year ended 31 December 2011. 30 April 2012 Johannesburg Sponsor Exchange Sponsors Media contact: Renay Tandy NGAGE Public Relations 011 867 7763 082 562 5088 renay@ngage.co.za Date: 30/04/2012 13:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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