WESCOAL HOLDINGS LIMITED - Cautionary announcement

Cautionary 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”)

Cautionary announcement

Shareholders are advised that the Company has accepted an offer for the disposal of one of its non-
core, non-operational assets (the “Transaction”). This is in line with the Company’s strategy of realizing
value for shareholders and building a scalable, sustainable business.

Wescoal will announce full terms of the Transaction, which will be a Category 2 transaction as defined
in the JSE Listings Requirements, as soon as it is in a position to do so. Accordingly, shareholders are
advised to exercise caution when dealing in Wescoal’s securities until such time as a full terms
announcement is made.

29 May 2018

Investment bank, corporate advisor and sponsor
Nedbank Corporate and Investment Banking

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