Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(b) of the JSE Listings Requirements WESCOAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2005/006913/06) (JSE code: WSL ISIN: ZAE000069639) (“Wescoal” or “the company”) Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(b) of the JSE Listings Requirements In compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008) ("Companies Act") and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Wescoal has received notification in terms of section 122(1) of the Companies Act that: - Waterberg Portion Property (Pty) Ltd has disposed of all of its beneficial interest in the ordinary shares of the company, such that its beneficial interest after the disposal of securities of the company amounts to 0% of the total number of issued securities of the company; - Eric Thuthukani Mzimela has acquired a beneficial interest in the ordinary shares of the company, such that his beneficial interest after the acquisition of securities of the company amounts to 7.02% of the total number of issued securities of the company; and - Muthanyi Robinson Ramaite has acquired a beneficial interest in the ordinary shares of the company, such that his beneficial interest after the acquisition of securities of the company amounts to 19.9% of the total number of issued securities of the company. 28 November 2014 Johannesburg Sponsor Exchange Sponsors Date: 28/11/2014 05:00:00 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.