WESCOAL HOLDINGS LIMITED - Changes to the board & committee composition

Changes to the board & committee composition

WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or the “Company” or the “Group”)

CHANGES TO THE BOARD & COMMITTEE COMPOSITION

Shareholders are advised of changes to the Wescoal Board pertaining to the appointment of new
independent non-executive directors, namely: Ms Nomavuso Mnxasana and Mr Andile Mabizela
with effect from 5 December 2019.

Below are their brief profiles:
Ms Nomavuso Mnxasana
Ms. Nomavuso Mnxasana is a Chartered Accountant, having obtained her BCompt and Hons from the
University of South Africa. She received her training from Deloitte and Touch. After completing her
articles, she spent one year at Deloitte before joining Sizwe Ntsaluba (former Nkonki Sizwe Ntsaluba).
During her tenure at Sizwe Ntsaluba she was specializing in consulting, internal auditing and attests
function. She started the Corporate Governance division which housed the internal audit services, as
she identified this opportunity during the introduction of the Public Finance Management Act (PFMA).
She was also involved in staff development and training as a staff partner for five years.

She was appointed to the Barloworld board in October 2017. She was a senior partner and member
of the executive committee of SizweNtsaluba VSP before serving as group audit and risk executive at
Imperial Holdings Limited. She is a former director of Nedbank Group and the JSE Limited and currently
holds directorships at Arcelor Mittal SA Limited and Industrial Development Corporation of South
Africa Limited.

Mr Andile Mabizela
Mr Andile Mabizela has extensive experience in the aviation, financial services, mining services and
public enterprises sectors. For the past nine years he has been an Executive Director of Afrilog, a
company engaged in mine supply chain solutions. He has considerable board-level experience,
having served on the boards of South African Airways (SOC) Ltd, and is the former Chairman of
both SA Express (SOC) and the Johannesburg Property Company. Andile previously served on the
subsidiary boards of Stanlib Wealth Management as well as the country boards of Liberty Africa
Asset Management, Atlatsa Resources LLC. He currently serves as a board member of OMIGSA and
Afrilog SA.

Changes to the Board Committees
Shareholders are also advised of changes to the committees of the board with effect from 6
December 2019. Mr Mabizela will replace Mr Cecil Maswanganyi as Chairman of the Social and
Ethics Committee. Ms Mnxasana will replace Mr Eric Mzimela as Chairman of the Remuneration
Committee. Ms Zukie Siyotula has been appointed as the Chairman of the Nomination Committee.


As a result of the above appointments, the board committees of Wescoal have been reconstituted
as follows:

Committee:      Audit, Risk      Projects and       Remuneration      Social and     Nomination
                and              Investment                           Ethics
                Compliance

Chairman:       Kabela           Zukie Siyotula*    Nomavuso          Andile         Zukie Siyotula *
                Maroga*                             Mnxasana*         Mabizela*


Members:        Zukie            Kabela Maroga*     Zukie             Erick          Humphrey
                Siyotula*                           Siyotula*         Mzimela        Mathe


                Ms               Humphrey           Kabela            Cecil          Kabela Maroga*
                Nomavuso         Mathe              Maroga*           Maswanganyi
                Mnxasana
                *

                Andile           Reginald           Erick Mzimela     Reginald       Nomavuso
                Mabizela*        Demana                               Demana         Mnxasana*


                                 Izak van Der                         Thivha
                                 Walt                                 Tshithavhane


  *Independent Non-Executive Director


  Jacques De Bie, Singular Systems
  Tel: +27826915384
  Email: jdebie@singular.co.za

  6 December 2019

  Sponsor
  Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 06-12-2019 03:31:00
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