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 Scheme of Arrangement The Company’s is still engaged in discussions connected to a debt management plan with its Creditors. The said the debt management plan is being finalised. The Creditors shall be advised of the scheme meeting date, time and venue of the Scheme Meeting. Pending finalization of the foregoing discussions, the 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 1 March 2017 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 Harare 2 March 2017 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 02/03/2017 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.