Director and company secretary dealing in securities WESCOAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/004794/06) (JSE code: WSL ISIN: ZAE000069639) ("Wescoal" or "the company") DIRECTOR AND COMPANY SECRETARY DEALING IN SECURITIES Shareholders are advised that the following director and company secretary of Wescoal have accepted share options in terms of the share incentive scheme. In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the following information is disclosed: Name of company: Wescoal Holdings Limited Name of director: M Du Plessis Date of acceptance: 22 July 2014 Nature of transaction: Options granted Number of shares: 1 000 000 Option price: 181 cents Expiry date: tranches of 20% on every anniversary over the next 5 years Type of option: American Class of security: Ordinary Shares Nature of interest: Direct Beneficial Clearance obtained: Yes Name of company Wescoal Holdings Limited Name of Company Secretary: I de Wet Date of acceptance: 22 July 2014 Nature of transaction: Options granted Number of shares: 200 000 Option price: 181 cents Expiry date: tranches of 20% on every anniversary over the next 5 years Type of option: American Class of security: Ordinary Shares Nature of interest: Direct Beneficial Clearance obtained: Yes Shareholders will be advised once the above options have been exercised. 23 July 2014 Johannesburg Sponsors Exchange Sponsors Date: 23/07/2014 12:49:00 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.