Directors dealings in securities WESCOAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/006913/06) JSE Share code: WSL ISIN: ZAE000069639 ("Wescoal” or “the Company”) Directors dealing in securities Waterberg Portion Property (Pty) Ltd (“WPP”), a major BEE shareholder in Wescoal has unbundled its shares in Wescoal to its shareholders, including 15 174 536 Wescoal shares of the company to MR Ramaite, the non-executive Chairperson of Wescoal. The unbundling will not have any impact on the current BEE structure of Wescoal. In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the following information relating to dealings in securities of Wescoal is disclosed as follows: Company: Wescoal Holdings Limited Director name: MR Ramaite Name of associate: WPP Relationship of associate: Director Date of transaction: 20 November 2014 Number of shares: 15 174 536 Price of shares: 185 cents Total value: R 28 072 891.60 Class of shares: Ordinary shares Nature of transaction: Off market unbundling Nature of interest: Indirect beneficial Clearance: Yes Company: Wescoal Holdings Limited Director name: Wiseman Khumalo Name of associate: WPP Relationship of associate: Director Date of transaction: 20 November 2014 Number of shares: 2 000 000 Price of shares: 185 cents Total value: R3 700 000 Class of shares: Ordinary shares Nature of transaction: Off market purchase Nature of interest: Direct beneficial Clearance: Yes 24 November 2014 Isando Sponsor Exchange Sponsors Date: 24/11/2014 08:32:00 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.