With Immediate effect you are being directed to the new Wescoal Holdings Limited website – www.wescoal.com

Glossary of terms

3D three dimensional
AD air dried
ADUC air dried, uncontaminated
AGM Annual General Meeting
AMCU Association of Minerals and Construction Union
AR as received
B-BBEE broad-based black economic empowerment
BCM bulk cubic metre
BFS bankable feasibilty study
the Board the Board of Directors of Keaton Energy Limited
CEO Chief Executive Officer. Keaton Energy’s CEO is Mandi Glad
CFO Chief Financial Officer. Keaton Energy’s CFO is Jacques Rossouw
CHPP coal handling and processing plant
COP Code of Practice
CP Competent Person
CPR Competent Person's Report
the Companies Act South African Companies Act, 71 of 2008, as amended
CSA coal supply agreement
CSI corporate social investment
cum cumulative
the current year the financial year ended 31 March 2015
CV calorific value
DAFVOL dry ash free volatiles
DMR Department of Mineral Resources
DTA Deferred Taxation Asset
DWS Department of Water and Sanitation
EBITDA earnings before interest, taxation, depreciation and amortisation
EE Act Employment Equity Act
EIA Environmental Impact Assessment
EMP Environmental Management Programme
EPS earnings per share
ERP enterprise resource planning
ESG environmental, social, governance
EXCO Executive Committee of Keaton Energy
FC fixed carbon
FRA forward rate agreement
FY financial year
GTIS Gross tonnes in situ
ha hectare
HDSA/s Historically Disadvantaged South Africans
HEPS Headline earnings per share
IAR Integrated Annual Report
IDP Integrated Development Plan
IM inherent moisture
IWBSM Integrated water balance simulation model
IT information technology
IFRS International Financial Reporting Standards
IWUL Integrated Water Use Licence
JIBAR Johannesburg Inter Bank Agreed Rate
JSE JSE Limited incorporating the Johannesburg Securities Exchange, the main bourse in South Africa
JV joint venture
King III Report or King III King Report on Corporate Governance for South Africa, 2009
the group or Keaton Energy Keaton Energy Holdings Limited, listed on the JSE in the “coal mining” sector
km kilometre
KPIs key performance indicators – a set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their strategic and operational goals
Ktpa thousand tonnes per annum
KZN KwaZulu-Natal
LOM Life-of-mine
LTIP Long-term incentive plans
m metres
MAMSL metres above mean sea level
MJ/kg megajoules per kilogram
mm millimetres
MMR Coal Resources and Mineral Reserves Report
MPRDA Mineral and Petroleum Resources and Development Act
Mt Million metric tonnes
MTIS Million tonnes in situ
Mtpa Million tonnes per annum
NEMA National Environment Management Act
NWA National Water Act
NUM National Union of Mineworkers
PTO Planned task observations
the previos year the year ended 31 March 2014
RD relative density
ROM run of mine
SAICA South African Institute of Chartered Accountants
SAMREC The South African Mineral Resource Committee
SAMVAL South African Mineral Asset Valuation
SANS South African National Standards
SAP systems applications and products
SARS South African Revenue Service
SMME small, micro and medium enterprises
SOP standard operating procedure
SR strip ratio
t metric tonne
TOR terms of reference
tpa metric tonnes per annum
tph metric tonnes per hour
tpm metric tonnes per month
TS total sulphur
TTIS total tonners in situ
the year or the
year under review
the year ended 31 March 2015
VAT value added tax
VGF Vanggatfontein
VM volatile matter
SHE safety, health and environment
DOTS Directly observed treatment, short course
EMP Environmental Management Plan
GHGs greenhouse gases
HIV/Aids human immunodeficiency virus/Acquired immune deficiency syndrome
HIRA/s Hazard Identification and Risk Assessment
LTI lost-time injury
LTIFR lost-time injury frequency rate, calculated as number of lost time injuries 200 00 man hours
MHSA Mine Health and Safety Act, 29 of 1996
PCD pollution control dam
OHSA Occupational Health and Safety Act
SLP Social Labour Plan, required in terms of the Mineral and Petroleum Resources Act
TB pulmonary tuberculosis