Dividend finalisation announcement WESCOAL HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2005/006913/06) Share code: WSL ISIN: ZAE000069639 (“Wescoal” or “the Company”) Dividend finalisation announcement Shareholders are referred to Wescoal’s audited results for the year ended 31 March 2017, released on SENS on 28 June 2017, wherein the directors declared the distribution of a dividend of R12 million for the period to 31 March 2017. The directors are now in a position to confirm the declaration of a gross final dividend of 2.66720 cents per ordinary share for the year ended 31 March 2017 (2016: 4.20993 cents). The dividend has been declared from income reserves. In terms of dividend tax, the following additional information is disclosed: - the dividend is subject to dividend tax of 20%; and - the net dividend will therefore be 2.13376 cents per share for shareholders who are not exempt from dividend tax. The amount of shares in issue at the date of this declaration is 449 909 827 (437 405 827 exclusive of treasury shares) and the Company's tax reference number is 9876593147. In order to comply with the requirements of Strate, the relevant dates are as follows: Last date to trade (cum dividend) Tuesday, 19 September 2017 Shares to commence trading (ex-dividend) Wednesday, 20 September 2017 Record date Friday, 22 September 2017 Payment date Tuesday, 26 September 2017 No share certificates may be dematerialised or rematerialised between Wednesday, 20 September 2017 and Friday, 22 September 2017, both dates inclusive. 30 August 2017 Sponsor Nedbank Corporate and Investment Banking Date: 30/08/2017 02:06:00 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.