Results of general meeting Wescoal Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2005/006913/06) Share Code: WSL ISIN: ZAE000069639 (“Wescoal” or the “Company”) RESULTS OF GENERAL MEETING RELATING TO THE PROPOSED BLACK ECONOMIC EMPOWERMENT TRANSACTION (“TRANSACTION”) Wescoal ordinary shareholders are advised that the voting results at the general meeting of Wescoal regarding the approval by Wescoal ordinary shareholders for the implementation of the Transaction, held at the registered office of the Company today (23 November 2016), were as follows: Resolution Number of Number of For2 Against2 Abstained3 Wescoal Wescoal ordinary ordinary shares voted shares voted (excludes (excludes abstentions) abstentions) as a percentage of Wescoal ordinary shares in issue1 93 692 172 39.44376% 99.96350% 0.03650% 0.06031% Special Resolution 1: Authority to issue 30% or more of the Company’s Shares to the BEE SPV 93 690 602 39.44310% 99.96777% 0.03223% 0.06136% Special Resolution 2: Authority to provide financial assistance Ordinary Resolution 81 188 172 36.07889%4 99.95783% 0.04217% 8.43226% 1: Specific authority to issue Shares for cash to the BEE SPV Ordinary Resolution 93 690 602 39.44310% 99.98292% 0.01708% 0.06136% 2: Waiver of the Mandatory Offer by the BEE SPV, Robinson Ramaite, Eric Mzimela and Simeka Capital Holdings Proprietary Limited 2 Note: 1 Based on 237 533 578 Wescoal ordinary shares in issue as at the date of the general meeting. 2 In relation to the total number of Wescoal ordinary shares voted at the general meeting. 3 Based on the total number of Wescoal ordinary shares (149 355 759) that can be exercised at the general meeting. 4 Based on 237 533 578 Wescoal ordinary shares in issue as at the date of the general meeting, less treasury shares of 12 504 000. Based on the above voting results, all resolutions were passed by the requisite majority of Wescoal shareholders present in person or represented by proxy at the general meeting. By order of the Board of Directors of Wescoal Johannesburg 23 November 2016 Investment Bank, Corporate Advisor and Sponsor Nedbank Corporate and Investment Banking Date: 23/11/2016 01:30:00 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.