Directors dealings 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") DIRECTORS DEALING IN SECURITIES Shareholders are advised that the following directors of Wescoal and its major subsidiary 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: Mr AR Boje Date of acceptance: 28 August 2014 Nature of transaction: Options granted Number of shares: 600 000 Option price: 172 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 Mining Proprietary Limited Name of director: Mr HP Botes Date of acceptance: 28 August 2014 Nature of transaction: Options granted Number of shares: 500 000 Option price: 172 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 The following director of Wescoal has exercised share options in terms of the share incentive scheme: Company: Wescoal Holdings Limited Director: Mr AR Boje Date of transaction: 28 August 2014 Number of shares: 200 000 Price of shares: 90 cents Total value: R 180 000 Class of shares: Ordinary shares Nature of transaction: Off market options exercised Nature of interest: Direct beneficial Clearance: Yes 29 August 2014 Johannesburg Sponsors Exchange Sponsors Date: 29/08/2014 12:11:00 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.