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 pre-open on Wednesday 21 October 2015. In accordance with ASX Listing Rule 17.2, the Company advises that: (a) as announced on 17 September 2015 (Announcement), the Company has entered into a non-binding term sheet (Term Sheet) with Sibanye Gold Ltd, a South African company listed on the Johannesburg Stock Exchange (Sibanye), whereby, inter alia, Sibanye has agreed terms with The Standard Bank of South Africa Limited (SBSA), as facility agent, to acquire the Company’s existing funding facility held by SBSA (Facility); (b) the acquisition of the Facility by Sibanye is subject to completion of due diligence and execution of formal transaction documentation as per the Announcement; (c) the Company is seeking the extension to the voluntary suspension to allow time for Sibanye to finalise its due diligence and completion of the formal documentation; (d) the replacement funding and the associated matters contemplated in the Term Sheet represents a significant transaction and their satisfactory completion will impact the Company's ability to carry out its future objectives; (e) given that the conditions of the Sibanye refinancing have not been completed 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. (f) 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 completion of the due diligence and execution of the formal documentation contemplated in the Term Sheet; and (B) commencement of trade on 21 November 2015; (g) it is not aware of any reason why the securities should not be suspended; and (h) is not aware of any other information necessary to inform the market about the suspension. Lee Boyd Director The Waterberg Coal Company Limited 20 October 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/ Managing Director 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 Managing Director) Lee Boyd (Director and Company Secretary) Date: 20/10/2015 11:22:00 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.