WESCOAL HOLDINGS LIMITED - Wescoal Trading Update

Wescoal Trading Update

WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
(JSE code: WSL ISIN: ZAE000069639)
(“Wescoal” or “the company”)

TRADING UPDATE

Shareholders are referred to the SENS announcement released on 20 October 2014.

In terms of the Listings Requirements of the JSE Limited ("JSE"), section 3.4(b), companies are
required to publish a trading statement as soon as they are satisfied that a reasonable degree of
certainty exists that the financial results for the period will differ by at least 20% from the financial
results for the previous corresponding period.

Shareholders are advised that the company expects, with reasonable certainty, that the headline
earnings for the six months ended 30 September 2014 to be between 14.2 and 15.5 cents per
share which is an increase of between 25% and 36% if compared to 11.4 cents per share for the
comparative period. It is expected that the earnings per share for the six months ended 30
September 2014 to be between 14.2 and 15.5 cents per share, which is a decrease of between
58% and 62% if compared to 37.2 cents per share for the comparative period.

The large decrease in earnings per share when compared to those reported for the previous
corresponding period is due to a profit of R71 million relating to the sale of the Vlaklaagte mineral
asset included in the prior period.

The financial information on which this trading statement is based has not been reviewed or
reported on by Wescoal`s auditors. The company`s financial results for the six months ended 30
September 2014 are expected to be released on 4 November 2013.



27 October 2014
Johannesburg

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Date: 27/10/2014 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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