Results of annual 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 ANNUAL GENERAL MEETING Wescoal shareholders are advised that the voting results for the annual general meeting of Wescoal held at the registered offices of the Company on 14 November 2017 were as follows: Resolution Number of Percentage For** Against** Abstained*** ordinary of ordinary % % % shares voted shares in issue* % Ordinary Resolution number 1 : Election and re-election of directors 1.1 To elect Mr IJ Van Der Walt 300 233 265 66.73 100.00 0.00 0.06 1.2 To re-elect Ms DMT Van Gaalen 300 233 265 66.73 100.00 0.00 0.06 1.3 To re-elect Mr JG Pansegrouw 300 233 265 66.73 100.00 0.00 0.06 Ordinary Resolution number 2: Appointment of Audit Committee members 2.1 Ms KM Maroga 300 233 256 66.73 99.98 0.02 0.06 2.2 Ms DMT Van Gaalen (subject to 300 233 265 66.73 100.00 0.00 0.06 her re-election as director) 2.3 Mr JG Pansegrouw (subject to his 300 233 256 66.73 100.00 0.00 0.06 re-election as director) Ordinary Resolution number 3 : Re- 300 222 713 66.73 100.00 0.00 0.06 appointment of external auditors Ordinary Resolution number 4 : Control 289 904 265 64.44 93.02 6.98 2.36 of authorised but unissued share capital Ordinary Resolution number 5 : Remuneration policy and Implementation report 5.1 Remuneration policy 289 849 715 64.42 93.00 7.00 2.37 5.2 Implementation report 289 894 265 64.43 93.01 6.99 2.36 Special Resolution number 1 : Non- 300 205 311 66.73 99.96 0.04 0.07 executive directors’ remuneration Special Resolution number 2 : Financial 300 213 851 66.73 99.98 0.02 0.06 assistance to all related and inter-related companies Special Resolution number 3 : General 289 904 851 64.44 99.99 0.01 2.36 approval to repurchase Company shares * Based on 449 909 827 ordinary shares in issue at the date of the annual general meeting. ** In relation to the total number of shares voted at the annual general meeting. *** In relation to the total number of shares in issue at the date of the annual general meeting. Based on the above voting results, all resolutions were passed by the requisite majority of Wescoal shareholders present in p erson or represented by proxy at the annual general meeting. Johannesburg 14 November 2017 Sponsor Nedbank Corporate and Investment Banking Date: 14/11/2017 01:06:00 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.