WESCOAL HOLDINGS LIMITED - Results of annual general meeting

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

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