Notice To Shareholders And Further Cautionary Statement HWANGE COLLIERY COMPANY LIMITED (Incorporated in Zimbabwe under registration number 381/1954) ZSE Share Code: HCCL.ZW ISIN: ZW0009011934 JSE Share Code: HWA ISIN: ZW0009011934 LSE Share Code: HWA ISIN: ZW0009011934 Notice To Shareholders And Further Cautionary Statement Rights Issue Further to the cautionary statement published on 7 October 2016, Hwange Colliery Company Limited wishes to advise its Shareholders and the public that after consultations with major Stakeholders and professional advisors the Company has found it prudent to pursue a debt management plan ahead of any capital raising initiatives. As such the Company has suspended discussions involving the rights issue and private placement and is at advanced stages of a Scheme of Arrangement with creditors. Scheme Meeting Pursuant to the granting of the High Court Order authorizing the Company to convene scheme meetings, the Company is finalizing engagements with its creditors for a mutually acceptable debt management plan. The Creditors and Shareholders of Hwange Colliery Company Limited shall be notified of the Scheme Meeting date, time and venue. Further Cautionary Pending finalization of the foregoing discussions, Shareholders and members of the Public are advised to exercise caution when dealing in the Company’s shares and to consult their professional advisers before dealing in the Company’s shares. By order of the Board A. MASIYA HEAD, LEGAL & COMPANY SECRETARY 24 November 2016 Johannesburg Sponsor: Sasfin Capital (A Division of Sasfin Bank Limited) Financial Advisor: CBZ Holdings Sponsoring Broker: Banc ABC Legal Advisors: Mawere Sibanda Directors: W Chitando (Chairman), S T Makore (Managing Director), W T Kutekwatekwa, N Masuku, J Muskwe, A M Ngapo, V Vera www.hwangecolliery.net Zimbabwe 24 November 2016 Date: 24/11/2016 08:00:00 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.