WESCOAL HOLDINGS LIMITED - Further cautionary announcement

Further cautionary announcement

Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
("Wescoal" or the "Company")


Shareholders are referred to the detailed cautionary announcement released on SENS on 26 October 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, a company listed on the Australian Securities Exchange.

Shareholders are advised that negotiations regarding the conclusion of detailed transaction agreements 
are still in progress which, if successfully concluded, may have a material effect on the price of the 
Company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing 
in the Company's securities until a full announcement is made.

07 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: 07/12/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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