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, 16 October 2019, were as follows: Resolution Number of Percentage For** Against** Abstained*** ordinary of ordinary % % % shares voted shares in issue* % Ordinary resolution 1.2: Confirmation of appointment of director appointed by the board since the previous annual general meeting 1.2.1 Ms N Siyotula 231 342 031 51.65 99.93 0.07 0.34 1.2.2 Mr RL Demana 231 342 031 51.65 99.65 0.35 0.34 Ordinary Resolution number 2: Appointment of audit, risk and compliance committee members 2.1 Ms KM Maroga 231 270 748 51.64 99.93 0.07 0.36 2.4 Ms N Siyotula 231 238 748 51.63 99.93 0.07 0.36 Ordinary Resolution number 3: 231 238 248 51.63 99.96 0.04 0.36 Reappointment of external auditor Ordinary Resolution number 4: 231 250 748 51.63 97.77 2.23 0.36 Control of authorised but unissued share capital Ordinary Resolution number 5: Remuneration policy and implementation report 5.1 Remuneration policy 231 205 615 51.62 99.61 0.39 0.37 5.2 Implementation report 231 213 748 51.62 99.65 0.35 0.37 Ordinary Resolution number 6 : 231 250 748 51.63 99.93 0.07 0.36 Authority to implement the special and ordinary resolutions Special Resolution number 1 : 231 302 831 51.64 99.86 0.14 0.35 Non-executive directors’ remuneration Special Resolution number 2 : 231 289 888 51.64 99.89 0.11 0.35 Financial assistance to all related and inter-related companies Special Resolution number 3 : 231 341 998 51.65 99.95 0.05 0.34 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. Shareholders are advised that the following resolutions were withdrawn prior to the commencement of the annual general meeting: • Ordinary Resolution Number 1.1 relating to the re-election of Ms DMT van Gaalen and Mr JG Pansegrouw as independent non-executive directors of the Company; and • Ordinary Resolution Numbers 2.2 and 2.3 relating to the appointment of Ms DMT van Gaalen and Mr JG Pansegrouw as audit, risk and compliance committee members. 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 16 October 2019 Sponsor Nedbank Corporate and Investment Banking Date: 16/10/2019 03:00:00 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.