Change to the board HWANGE COLLIERY COMPANY LIMITED (Incorporated in Zimbabwe under registration number 381/1954) ZSE Code: HWA ISIN Number: ZW 0009011934 JSE Code: HWA ISIN Number: ZW 0009011934 LSE Code: HWA ISIN Number: ZW 0009011934 Changes to the Board Hwange Colliery Company Limited wishes to inform its stakeholders of the following changes to its Board of Directors: RESIGNATION OF BOARD CHAIRMAN Mr Farai Mutamangira resigned as Chairman and Director of the Company with effect from Friday 09 October 2015. Mr Mutamangira has been Chairman of the Board since August 2011, and steps down after advising of his acceptance of an engagement elsewhere, and to pursue other interests. The Board would like to thank him for his invaluable contribution to the Company over the years and wish him well in his future endeavors. APPOINTMENT OF BOARD CHAIRMAN Following the stepping down of Mr Mutamangira, the Board of Directors of Hwange Colliery Company Limited is pleased to announce the appointment of Mr Jemister Chininga as the new Board Chairman effective 15 October 2015. Jemister has been a Non Executive Director of the Company since August 2011. He is an accomplished Business Executive and strategist with vast technical knowledge and management experience spanning across both the private and public sectors of the economy. Jemister’s career has seen him holding the position of Deputy Secretary (Finance and Administration) in the then Ministry of Industry and International Trade while still in the Public Service and was also Chairman of the Zimbabwe Government Tender Board (SPB). Jemister is a former Managing Director of Ramotswa Steel and Iron Company (a subsidiary of ZISCO) based in Botswana. He has also been Group Managing Director of ZISCO subsidiaries in Botswana, Namibia and Zambia. He acted as the Managing Director of Hwange Colliery Company Limited for the period 1 August 2013 to 31 May 2014. He has held directorships in Olivine Holdings, Centre for Innovation and Enterprise Development (CIED), Zimbabwe Iron and Steel Commission (ZISCOM), Standards Association of Zimbabwe (SAZ), the Minerals Marketing Corporation of Zimbabwe (MMCZ), Zimbabwe Defence Industries and Sandawana Mines (Private) Limited, a subsidiary of Zimbabwe Mining Development Corporation (ZMDC). He is a current Board Member of Zimchem Refineries (Private) Limited. He holds a Bachelor of Business Administration degree from United States International University, San Diego, California among other qualifications and has attended several acclaimed Management Development Programmes and Courses. By Order of the Board T. K. NCUBE COMPANY SECRETARY 15 October 2015 HARARE REGISTERED OFFICE 7th Floor, Coal House 17 Nelson Mandela Avenue Harare ZIMBABWE SPONSOR: SASFIN CAPITAL (A DIVISION OF SASFIN BANK LIMITED) 16 October 2015 Directors: F Mutamangira (Chairman); S T Makore* (Managing); N S Chibanguza; J Chininga; I C Haruperi; J Muskwe (Mrs); V Vera (*Executive) www.hwangecolliery.co.zw Date: 16/10/2015 01:21:00 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.