Withdrawal of legal action Wescoal Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/006913/06) (JSE code: WSL ISIN: ZAE000069639) (“Wescoal” or “the company”) WITHDRAWAL OF LEGAL ACTION Shareholders are referred to the announcements released on SENS on 5 October 2012, 24 June 2013 and the circular issued to shareholders on 15 January 2013 relating to an application served on Wescoal, Wescoal Exploration Proprietary Limited (“Wescoal Exploration”) , Wescoal Mining Proprietary Limited (“Wescoal Mining”), Minoscape Proprietary Limited (“Minoscape”), Proudafrique Trading 147 Proprietary Limited (“Proudafrique”) and three other respondents by Johannes Cornelius Van Der Westhuizen (“Van Der Westhuizen”), being the minority shareholder in Proudafrique : 1) to set aside the shareholders agreement concluded between Proudafrique and Wescoal Exploration on 7 October 2007; 2) to set aside the agreement concluded between Wescoal Exploration, Wescoal Mining and Proudafrique in terms whereof the Vlaklaagte Prospecting Right was transferred from Wescoal Exploration to Wescoal Mining; and 3) for the Vlaklaagte, Verblyden and Silverbank Rights to be retransferred to Proudafrique. The application was opposed by Wescoal, Wescoal Exploration, Wescoal Mining and Minoscape. Shareholders are advised that Van Der Westhuizen has formally withdrawn the above legal proceedings. Johannesburg 17 December 2013 Sponsors Exchange Sponsors Date: 17/12/2013 05:10:00 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.