Further update on the Vlaklaagte and Elandspruit Transactions WESCOAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/006913/06) JSE Share code: WSL & ISIN: ZAE000069639 ("Wescoal" or "the Company") FURTHER UPDATE ON THE VLAKLAAGTE AND ELANDSPRUIT TRANSACTIONS Shareholders are referred to the announcements released on SENS on 31 July 2012, 3 September 2012, 5 October 2012, 8 November 2012, 21 December 2012 and 14 February 2013("Previous Announcements") and the circular dated 15 January 2013 ("Circular") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition (“the Transactions”). Capitalised terms used and not otherwise herein defined, shall have the meanings ascribed thereto in the Previous Announcements. Shareholders are advised that the date for satisfaction of certain of the remaining Conditions Precedent have been extended by agreement between Xstrata and Wescoal Mining as follows: a) Vlaklaagte Disposal – By no later than 30 April 2013 (previously 28 February 2013): - the Vlaklaagte Mining Right being granted to Wescoal Mining in accordance with the MPRDA; and - Wescoal Mining obtaining Ministerial consent for the transfer of the Vlaklaagte Mining Right to Xstrata in terms of section 11 of the MPRDA. b) Elandspruit Acquisition – By no later than 30 April 2013 (previously 28 February 2013) Xstrata obtaining Ministerial consent for the transfer of the Elandspruit Mining Right to Wescoal Mining in terms of section 11 of the MPRDA. Shareholders will be advised as soon as the remaining conditions precedent to the Transactions have been met. Corporate adviser & Sponsor to Wescoal Legal Advisers to Wescoal Exchange Sponsors KWA Attorneys Legal Advisers to Xstrata Baker & McKenzie Johannesburg 26 February 2013 Date: 26/02/2013 12:59:00 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.