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 Press statement and Cautionary announcement Hwange Colliery Company Limited “Company” wishes to advise Shareholders and members of the public that it has become aware of allegations of impropriety that have emerged following a dispute between two senior Company officials. As such, the Company advises that it has instituted formal investigations into those allegations and shareholders and members of the public shall be advised of the outcome in due course. Accordingly, shareholders and members of the public are advised to exercise caution and consult their professional advisers when dealing in the Company’s sharers, until the outcome of formal investigations is announced. Registered office: Hwange Colliery Company Limited, 17 Nelson Mandela Avenue, 7th floor, Coal House. P.O.Box 2870 Harare, Zimbabwe. Tel: +263 4 781985/7 773900 Email: pacosec@hwangwecolliery.co.zw By order of the Board J.MUSKWE (Mrs) Acting Chairperson 15 May 2018 Directors: Mrs J Muskwe (Acting Chairperson), S T Makore (Managing), Mrs N Masuku, V Vera, E Tome Sponsor: Sasfin Capital (a member of the Sasfin group) www.hwangecolliery.net Date: 15/05/2018 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.