Trading Statement WESCOAL HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2005/006913/06) Share 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 become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from the previous corresponding period. Shareholders are advised that the Company expects, with reasonable certainty, that the earnings per share (EPS) for the six months ended 30 September 2016 will be between 24.1 and 28.9 cents per share, compared to the 5.3 cents per share reported for the prior comparative period (being an increase of more than 350%). Headline earnings per share (HEPS) for the period will be between 23.2 and 27.8 cents per share, compared to the 5.1 cents per share reported for the prior comparative period ( being an increase of more than 350%). The financial information on which this trading statement is based has not been reviewed or reported on by Wescoal`s auditors. The Company`s financial results for the interim period ended 30 September 2016 are expected to be released on or about 1 November 2016. Shareholders will be invited to a webcast and conference call on the day. Further details are available from Jacques de Bie: Jdebie@singular.co.za or 082 691 5384 Wescoal’s solid performance is on the back of strong sales from Elandspruit, the Company’s flagship mine and further operational efficiencies. 19 October 2016 Sponsor Nedbank Corporate and Investment Banking Date: 19/10/2016 08:35:00 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.