Trading Statement Wescoal Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/006913/06) (JSE code: WSL ISIN: ZAE000069639) (“Wescoal” or “the company”) Trading Statement In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by 20% or more from the financial results for the previous corresponding period. Shareholders are advised that Wescoal is in the process of finalising its results for the 12 month period ended 31 March 2016. Further to the Trading Statement published on 22 March 2016, the Company now has clarity on the actual range of the increase and anticipates that it will report the following; Headline earnings per share (HEPS) of between 25.7 cents and 28.8 cents (12 months to 31 March 2015: 15.4 cps), being an increase of between 67% and 87%. Earnings per share (EPS) of between 25.9 cents and 29.0 cents (12 months to 31 March 2015: 15.7 cps), being an increase of between 65% and 85%. The increases in HEPS and EPS are primarily attributed to cost saving and productivity initiatives as well as the successful operationalisation of the Elandspruit project. Producing consistently at target production rate of 165kt Run of Mine (“ROM”) per month, Elandspruit has met expectations and is delivering on its promise. The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s results for the 12 months ended 31 March 2016 will be published on SENS on 2nd June 2016. Shareholders and investors will be invited to attend a presentation and dial-in details of a webcast will be circulated nearer to the date. For further information and details please contact Jacques de Bie on JdeBie@Singular.co.za or 082 691 5384 and see the company website: www.wescoal.com Johannesburg 18 May 2016 Sponsors Nedbank Corporate and Investment Banking Investor Relations Singular Systems Date: 18/05/2016 03:28:00 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.