Update on the Universal Coal transaction
WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
UPDATE ON THE UNIVERSAL COAL TRANSACTION
Wescoal shareholders are referred to the detailed cautionary announcement released by Wescoal on
SENS on 26 October 2018, and the renewal thereof on 10 December 2018, wherein Wescoal
announced that it had joined a consortium led by private equity firm, Ata Resources Coal Investments
Proprietary Limited, to acquire the entire issued, and to be issued, ordinary share capital of Universal
Coal Plc (“Universal Coal”), a company listed on the Australian Securities Exchange (the “Proposed
Universal Coal today issued an announcement giving its shareholders an update on the progress made
as regards the Proposed Transaction, and Wescoal shareholders are referred to this announcement
which can be found on the Universal Coal website at http://www.universalcoal.com/media-centre/asx-
21 December 2018
Investment Bank, Corporate Advisor and Sponsor to Wescoal
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Legal Advisor to Wescoal
Date: 21/12/2018 10:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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