Change to Wescoal board and CFO appointment WESCOAL HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2005/006913/06) Share code: WSL ISIN: ZAE000069639 (“Wescoal” or "the Company") CHANGE TO WESCOAL BOARD AND CFO APPOINTMENT Subsequent to the SENS announcement on 6 July 2017, the Company has appointed Izak Van Der Walt as Chief Financial Officer and executive director effective 01 September 2017 to succeed Bothwell Mazarura who will step down as CFO and executive director on 31 August 2017, to pursue a Finance Director role at Kumba Iron Ore Ltd. Izak previously held the position of General Manager Operations: Finance where in addition to financial reporting, treasury and funding; strategic execution and related controls to optimise financial performance, he held key responsibilities included the IT function, Insurance and Enterprise Risk Management. Van der Walt joined Wescoal in 2015 as Group Financial Specialist and in 2015 became Acting Chief Financial Officer for nearly a year, providing high level guidance to the board and leadership to operations as part of the executive management team. Prior to joining Wescoal, he gained over 14 years’ experience in the mining sector in various financial management roles locally and internationally. Izak currently serves as executive director to the Wescoal subsidiary board of Wescoal Mining (Pty) Ltd. He also serves as an executive director on recently acquired Keaton Energy Holdings Limited. Izak is a Chartered Accountant (SA), holding BCompt, BCompt Honours and CTA qualifications (articles with Price Waterhouse Coopers) and member of the Public Accountants & Auditors Board. 07 August 2017 Sponsor Nedbank Corporate and Investment Banking Investor Relations Singular IR Date: 07/08/2017 01:58:00 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.