No change statement, notice of annual general meeting, availability of the BBBEE annual compliance report 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”) NO CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING, AVAILABILITY OF THE BROAD- BASED BLACK ECONOMIC EMPOWERMENT ANNUAL COMPLIANCE REPORT AND HEADLINE EARNINGS RECONCILIATION Integrated annual report and no change statement Shareholders are advised that Wescoal’s integrated annual report, incorporating the audited annual financial statements for the year ended 31 March 2019 (on which the auditors expressed an unmodified audited opinion), has been dispatched to shareholders today, 31 July 2019. The integrated annual report and the auditor’s report contain no changes from the provisional summarised audited consolidated results for the year ended 31 March 2019, which were released on SENS on 25 June 2019. The integrated annual report is available on the Company's website, https://www.wescoal.com/investors/annual-reports-and-results/annual-reports/: Notice of annual general meeting The integrated annual report contains a notice of annual general meeting of Wescoal’s shareholders, which will be held the Company’s registered offices, First Floor, Building 10, Woodmead Business Park, 142 Western Service Road, Woodmead, on Wednesday, 16 October 2019 at 10:00. The record date on which shareholders must be recorded as such in the register maintained by the transfer secretaries of the Company for the purposes of being entitled to attend and vote at the annual general meeting is 10:00 on Friday, 11 October 2019. Broad-based Black Economic Empowerment annual compliance report Shareholders are further notified that the Company's B-BBEE annual compliance report for the year ended 31 March 2019 in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, has been published and is available on the Company’s website. Headline earnings reconciliation The headline earnings and diluted headline earnings per share reconciliation for the year ended 31 March 2019, as extracted from the integrated annual report, is as follows: 2019 2018 Gross Net Gross Net Headline/diluted headline earnings per share Net profit for the year attributable to owners of the 146 712 87 655 290 920 201 400 company Profit on disposal of property, plant and equipment (16 325) (11 539) (886) (638) Gain on bargain purchase - - (6 638) (6 638) Headline earnings 130 387 76 116 283 396 194 125 Headline earnings per share (cents) - 17.50 - 46.37 Diluted headline earnings per share (cents) - 17.50 - 66.32 31 July 2019 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited IR Advisor Singular IR Date: 31/07/2019 04:11:00 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.