WESCOAL HOLDINGS LIMITED - Results of the combined claw-back and rights offer

Results of the combined claw-back and rights offer

Wescoal Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
JSE share code: WSL
ISIN: ZAE000069639
(“Wescoal” or “the Company”)


RESULTS OF THE COMBINED CLAW-BACK AND RIGHTS OFFER

Wescoal shareholders (“Shareholders”) are referred to the circular dated 17 November 2015 containing details
of the combined claw-back and rights offer to Shareholders of a maximum of 49 041 904 new Wescoal shares
(“Combined claw-back and rights offer shares”) at an issue price of 132 cents each (the “Combined claw-back
and rights offer”).

Shareholders are advised that the Combined claw-back and rights offer closed on Friday, 4 December 2015 and
are further advised that, in respect of the Combined claw-back and rights offer shares, which were offered to
Shareholders and/or their renouncees, a total of 1 080 702 new Wescoal shares, being 2.20% of the Combined
claw-back and rights offer shares, were applied for in terms of the Combined claw-back and rights offer.

Simeka Capital Holdings Proprietary Limited (“Simeka”), pursuant to its R40 million subscription commitment,
will be issued with 30 303 030 new ordinary shares of no par value which have not been subscribed for by the
Shareholders pursuant to the Combined claw-back and rights offer.

Accordingly, the Company will issue 31 383 732 new Wescoal shares, representing 63.99% of the Combined
claw-back and rights offer shares.
Dematerialised shareholders who have subscribed for the Combined claw-back rights offer shares will have their
accounts debited and updated by their Central Securities Depository Participant/ broker on Monday, 7
December 2015. Share certificates will be posted to certificated shareholders who subscribed for the Combined
claw-back right offer shares on Monday, 7 December 2015.

Following the issue of 31 383 732 new Wescoal shares pursuant to the Combined claw-back rights offer, the
total issued share capital of the Company will increase to 237 533 578 ordinary shares of no par value.

Johannesburg

7 December 2015


Investment bank, corporate advisor and sponsor
Nedbank Corporate and Investment Banking


Legal advisor
Mkhabela Huntley Adekeye Incorporated

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