THE WATERBERG COAL COMPANY LTD - Request to ASX for Extension to Voluntary Suspension

Request to ASX for Extension to Voluntary Suspension

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”)

Request to ASX for Extension to Voluntary Suspension

The Company has made a request to the Australian Stock Exchange
Limited (ASX) for an extension to its current voluntary suspension
in the trading of its securities which is due to expire prior to
commencement of trade on 10 July 2015.

In accordance with ASX Listing Rule 17.2, WCC advises that:

(a)   it is seeking the extension to the voluntary suspension to
      allow time to finalise a proposed third party funding
      arrangement to replace its existing funding facility
      (Facility) with The Standard Bank of South Africa Limited
      (SBSA) which was due for repayment on 9 April 2015 (as
      announced on 17 March 2015). The completion of discussions
      and documentation for the replacement funding represents a
      significant transaction and the final terms of the proposal
      will impact WCC's ability to carry out its future objectives;

(b)   SBSA has advised that it will maintain the Facility as “on
      demand”, rolling daily basis, to give the discussions further
      time to progress;

(c)   the Company is of the view that re-instatement of trading for
      its securities at this time is likely to be materially
      prejudicial to its ability to successfully complete the
      complex funding transaction contemplated which is critical to
      the Company’s financial viability;

(d)   it expects the voluntary suspension to remain in place until
      the earlier of:

      (A)   the date that it has made an announcement in respect of
            its proposed funding arrangement; and

      (B)   commencement of trade on 10 August 2015;

(e)   it is not aware of any reason why the securities should not
      be suspended; and

(f)   is not aware of any other information necessary to inform the
      market about the suspension.
Stephen Miller
Director
The Waterberg Coal Company Limited

9 July 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)

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