Share placement and board changes The Waterberg Coal Company Limited (formerly Range River Gold Limited) (Incorporated in Australia) (Registration number ABN 64 065 480 453) ASX: WCC | JSE: WCC | ISIN: AU000000WCC9 (“WCC” or “the Company”) ASX Release SHARE PLACEMENT AND BOARD CHANGES 14 March 2014 Investec Asset Management Ltd The Waterberg Coal Company Limited (WCC or the Company) advises it has placed a total of 13,640,000 WCC securities to THE WATERBERG COAL COMPANY Investec Asset Management Ltd (Investec) at a price of ZAR 1.78 LIMITED per WCC share, raising a total of ZAR 24,279,200 (equivalent to ABN 64 065 480 453 approximately AUD $2.4 million). Share Exchange Agreement – Global Resource Investment Level 1 Trust Plc 330 Churchill Avenue WCC has entered into a Share Exchange Agreement (the Subiaco WA Exchange Agreement) with Global Resources Investment Trust Australia Plc (GRIT); a company recently listed on the London Stock Exchange (the LSE). Pursuant to the Exchange Agreement, WCC has exchanged 20,000,000 new ordinary shares in the Company Tel:+61 8 9200 4243 (Exchange Shares) at a price of approximately GBP 0.1168 per Fax: +61 8 9200 4469 Exchange Share (at present exchange rates this equates to approximately AUD 22 cents per share) and WCC has received 2,335,220 ordinary shares in the capital of GRIT at the issue price Contact: of £1 per share (this is equivalent to approximately AUD $4.32 million). WCC will, in the ordinary course, seek to realise its Mr Stephen Miller investment in GRIT to generate additional working capital. Executive Director Board Changes The Board of WCC wishes to advise of the retirement of Mr Brian E-mail: McMaster as both Executive Chairman and a Director. The info@waterbergcoal.com.au retirement is effective forthwith. Mr McMaster retires from his position in order to focus on other business activities. Directors: WCC also wishes to advise that Mr Scott Funston resigns as a Director, effective forthwith. Dr Mathews Phosa Stephen Miller The Board would like to thank Messrs McMaster and Funston for Jonathan Hart their efforts and wish them well. Daniel Crennan With the retirement of Mr McMaster as Chairman, Dr Mathews Phosa, currently a Non-Executive Director has been appointed ASX / JSE Symbol: Chairman of the Board of WCC, effective forthwith. WCC Dr Phosa, a Lawyer by profession, was elected as the first Premier of Mpumalanga Province in 1994 and went on to serve as the Treasurer General within the Executive Committee of the ANC from 2007 to 2012. He was a member of the National Executive Committee of the ANC for many years until 2012. Dr Phosa has served as a business consultant for various local and international businesses since 1999. Dr Phosa currently holds chairman, vice-chairman or board member positions on a number of prominent South African institutions and companies. The appointment of Dr Phosa as Non-Executive Chairman reflects the evolution of WCC as it embarks upon the development of the world class Waterberg coal project. In this regard, the Company wishes to advise that further board appointments will be advised in the near term so as to reflect the participation of substantial South African investment; and so as to expand the Boards’ expertise in regards to the development of this project. Stephen Miller Executive Director The Waterberg Coal Company Limited JSE Sponsor The Standard Bank of South Africa Limited Date: 14/03/2014 01:16:00 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.