Changes to the board of directors Wescoal Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2005/006913/06) (JSE code: WSL ISIN: ZAE000069639) (“Wescoal” or “the company”) CHANGES TO THE BOARD OF DIRECTORS In compliance with section 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised that Mr Eric Thuthukani Mzimela and Mr Cecil Maswanganyi have been appointed to the Board as non-executive directors, effective from 17 November 2017. Eric is a former banker, he has an indirect shareholding in Wescoal, and is an entrepreneur, with business experience dating back to 1981. He has qualifications in Analytical Chemistry and Industrial Relations. Cecil has an accounting background with audit and tax skills, with diverse business, board and provincial government experience, dating back to 1989. He is currently CEO of Simeka Capital Holdings and has qualifications in commerce, tax and business administration. The biographies and experience of the directors on Wescoal’s board are reflected on the company website at www.wescoal.com. Wescoal is committed to enhancing the composition of the Board and to building the range of expertise and experience available to the business. The Board congratulates Eric and Cecil on their appointments and looks forward to their contribution and participation in their new directorship roles. 17 November 2017 Johannesburg Sponsor Nedbank Corporate and Investment Banking IR Advisor Singular Systems IR Date: 17/11/2017 07:05:00 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.