1. Employee Share Ownership Our Journey

2. Table of content Who are we? –Structure The trust –Beneficiaries –Rules Communication –Unpacking what it is and what it is not –Training and development –Company Expectations –Lessons Learnt

3. Optimum Coal Group Structure as at 13 July 2012 100% 51%100% Mpefu Project Nekel Project Overvaal Project Optimum Collieries 6.8M RBCT shares Shares in listed entities Vlakfontein Project Optimum Coal Mine (Pty) Ltd Optimum Coal Terminal (Pty) Ltd Optimum Vlakfontein Mining & Exploration (Pty) Ltd Optimum Mpefu Mining & Exploration (Pty) Ltd Optimum Nekel Mining & Exploration (Pty) Ltd Optimum Coal Investment s (Pty) Ltd 100% 15.9% 5.28% 7.55% 2.26%10.33% 9.93% 38.8% 100% Glencore International 9.93% Optimum Coal Holdings Limited Monkoe Coal Investmen ts BBBEE Monkoe Coal Investmen ts BBBEE Micsan Investmen ts BBBEE Micsan Investmen ts BBBEE Mobu Resource s BBBEE Mobu Resource s BBBEE Kwini Mining Investment s BBBEE Kwini Mining Investment s BBBEE Employee Trust BBBEE Employee Trust BBBEE Community Trust BBBEE Community Trust BBBEE Warrior Coal BBBEE Warrior Coal BBBEE BEE /HDSA 61.18% Optimum Platinum Resources (Pty) Ltd Optimum Coal Services (Pty) Ltd Optimum Overvaal Mining & Exploration (Pty) Ltd Koornfonte in Mines (Pty) Ltd Optimum Koornfonte in Investment s (Pty) Ltd Group Services Public Shareholders Public Shareholders 0.02% 100% Koornfonte in Mines

4. Composition of the Trust The Trust owns 25 million shares in the Company This equates to 9.93% ownership of OCH. A total of 2 270 employees. The Company nominates 2 trustees and employees elects 3 Trustees. The trustees are guided by the trust deed. All employees of the company are beneficiaries of the trust.

5. Income of the Trust The income of the Trust comes from dividend payments made by the Company. Four payments since 2010. The Trust Deed specifies the Benefits that Employees can get from the Trust The benefits are: –10% of income is held in a discretionary fund which the Trustees can use for the benefit of Employees. This money is used for hardship cases and Employees who require assistance (e.g. medical expenses beyond what the medical aid would cover) may apply –90% of the income may be distributed to Employees. The intension of the Trust Deed was that half of this money should be paid directly to Employees whilst half should be paid on behalf of Employees into pension and provident funds so that adequate provision is made for retirement. However, the Trustees may decide how the 90% that must directly benefit Employees must be distributed.

6. Lessons Learnt Communication is critical –What the trust is and what it is not –Management of expectations –Responsibilities of trustees –Financial literacy is important A plan to help shift mindsets –At all levels of the organisation. –Not a stand alone “initiative”, integration with other business systems and processes. –Employee participation and involvement Giving a gift can be very difficult.

7. Discussion 7