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 Wednesday, 23 January 2019 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 ET Mzimela 244 900 697 54.68 94.72 5.28 0.00 1.2 To elect Mr C Maswanganyi 244 900 697 54.68 94.72 5.28 0.00 1.3 To re-elect Ms KM Maroga 244 900 697 54.68 99.98 0.02 0.00 1.4 To re-elect Dr HLM Mathe 244 900 697 54.68 99.98 0.02 0.00 Ordinary Resolution number 2: Appointment of audit, risk and compliance committee members 2.1 Ms KM Maroga 244 900 697 54.68 99.98 0.02 0.00 2.2 Ms DMT Van Gaalen 244 900 697 54.68 100.00 0.00 0.00 2.3 Mr JG Pansegrouw 244 900 697 54.68 94.74 5.26 0.00 Ordinary Resolution number 3: 244 900 697 54.68 94.73 5.27 0.00 Reappointment of external auditors Ordinary Resolution number 4: 244 900 697 54.68 93.60 6.40 0.00 Control of authorised but unissued share capital Ordinary Resolution number 5: Remuneration policy and implementation report 5.1 Remuneration policy 242 150 697 54.07 94.64 5.36 0.61 5.2 Implementation report 242 130 118 54.06 94.65 5.35 0.62 Ordinary Resolution number 6 : 244 900 697 54.68 99.96 0.04 0.00 Authority to implement the special and ordinary resolutions Special Resolution number 1 : 244 900 697 54.68 99.95 0.05 0.00 Financial assistance Special Resolution number 2 : 244 855 886 54.67 99.98 0.02 0.01 General approval to repurchase company shares * Based on 447 875 561 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 person or represented by proxy at the annual general meeting. Johannesburg 23 January 2019 Sponsor Nedbank Corporate and Investment Banking Date: 23/01/2019 12:28:00 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.