Group Financing Update The Waterberg Coal Company Limited (Incorporated in Australia) (Registration number ABN 64 065 480 453) ASX: WCC | JSE: WCC | ISIN: AU000000WCC9 (“WCC” or “the Company”) GROUP FINANCING UPDATE On 16 March 2015 The Waterberg Coal Company Limited (Group or Company) advised the market that the funding facility (Facility) made available to the Company by The Standard Bank of South Africa Limited (SBSA) (as Facility Agent) is due for repayment on 9 April 2015. As advised at that time, the Company has also been in discussion with certain other funding agencies with respect to the Group’s overall funding requirements for both the proposed Export Project and also to retire current Group indebtedness, including the facility with SBSA. With respect to the facility with SBSA, the Company wishes to advise that it has been in discussions with SBSA in respect of arrangements for a proposed “refinancing” of the current facility to be funded by a third party. The third party discussions are in process and SBSA has advised that they intend to maintain the Facility as “on demand”, rolling on a daily basis, to give these discussions time to progress. Should these circumstances change the Company will immediately notify the market. The current voluntary suspension of the Company’s securities remains on foot until further advice or relative information is received and the market updated accordingly. Stephen Miller Executive Director and CEO The Waterberg Coal Company Limited 9 April 2015 JSE Sponsor The Standard Bank of South Africa Limited Registered office: Level 2, 1 Walker Avenue West Perth, Western Australia 6005 Australia Tel:+61 8 9485 0888 Fax: +61 8 9485 0077 South African office: Level 1, The Place, 1 Sandton Dr Sandton, 2146 South Africa Tel: +27 10 594 2240 Fax: +27 10 594 2253 Contact: Mr Stephen Miller Executive Director/CEO Or Investor relations in South Africa: Lawrie Mackintosh Tel: +27 10 594 2240 E-mail: info@waterbergcoal.com.au Directors: Dr Mathews Phosa (Chairman) Stephen Miller (Executive Director and CEO) Lee Boyd (Director and Company Secretary) Date: 09/04/2015 09:19:00 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.