Changes to the role of a director and composition of board committees 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”) CHANGES TO THE ROLE OF A DIRECTOR AND COMPOSITION OF BOARD COMMITTEES Shareholders are referred to the SENS Announcement released on 27 September 2019 regarding changes to the board of directors of Wescoal. Further to the aforementioned announcement, shareholders are advised of the following changes to the role of a director and the composition of board committees with effect from 16 October 2019 as follows: • Nonzukiso “Zukie” Siyotula will replace Ms Teresita van Gaalen as the Lead Independent Director. In addition, the Company is in the process of recruiting for additional Independent Non-Executive Directors and will endeavour to conclude this process and further appointment to the Audit, Risk and Compliance committee in as little time as possible. • The revised composition of the board committees is as follows: Committee: Audit, Risk and Projects and Remuneration and Social and Ethics Compliance Investment Nominations Chairman: Kabela Maroga* Zukie Siyotula * Erick Mzimela Cecil Maswanganyi Members: Zukie Siyotula* Kabela Maroga* Zukie Siyotula* Erick Mzimela Humphrey Mathe Kabela Maroga* Humphrey Mathe Reginald Demana Reginald Demana Izak van Der Walt Thivha Tshithavhane *Independent Further announcements regarding appointments to the board and its committees will follow upon conclusion of the recruitment process. Jacques De Bie, Singular Systems Tel: +27826915384 Email: jdebie@singular.co.za 15 October 2019 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 15/10/2019 04:10:00 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.