COAL OF AFRICA LIMITED - Coal of Africa granted Nucoal (Woestalleen) Section 11 approval

Coal of Africa granted Nucoal (Woestalleen) Section 11 approval

Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")

ANNOUNCEMENT                                                                                                                                      5 February 2014



COAL OF AFRICA GRANTED NUCOAL (WOESTALLEEN) SECTION 11 APPROVAL


Coal of Africa Limited (the “Company" or "CoAL") is pleased to announce the granting of a Section 11
approval by the Department of Mineral Resources (“DMR”) for the disposal by CoAL of all shares and
intercompany loan accounts in NuCoal Mining Proprietary Limited (the “Woestalleen Complex”). The
approval was granted effective 31 January 2014 and the sale consideration of R80 million (US$ 7.2million)
is now payable to CoAL.

CoAL would like to express our gratitude to the DMR for its assistance in expediting the approval.


David Brown, Chief Executive Officer stated: “The successful completion of this disposal is another
significant step forward in our execution of the five-point turnaround strategy as earlier communicated by
the Company.”


Authorised by
David Brown
CEO

5 February 2014


For more information contact:
David Brown                                  Chief Executive Officer                               Coal of Africa                                        +27 10 003 8000
Michael Meeser                               Chief Financial Officer                               Coal of Africa                                        +27 10 003 8000
Celeste Harris                               Investor Relations                                    Coal of Africa                                        +27 10 003 8038
Tony Bevan                                   Company Secretary                                     Endeavour Corporate Services                          +61 8 9316 9100

Company advisors:
Jos Simson/Emily Fenton                      Financial PR (United Kingdom)                         Tavistock                                             +44 20 7920 3150
Chris Sim/Jeremy Ellis                       Nominated Adviser                                     Investec Bank plc                                     +44 20 7597 5970
Charmane Russell/Jane Kamau                  Financial PR (South Africa)                           Russell & Associates                                  +27 11 880 3924 or
                                                                                                                                                         +27 82 372 5816
Investec Bank Limited is the nominated JSE Sponsor
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL’s key projects include the Vele Colliery (coking
and thermal coal), the Greater Soutpansberg Project /MbeuYashu, including CoAL’s Makhado Project (coking and thermal coal).




AU: Coal of Africa Limited, Suite 8, 7 The Esplanade, Mount Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9316 5475
ZA: South Block, Summercon Office Park, Cnr Rockery Lane and Sunset Avenue, Lonehill, 2191, Tel: +27 10 003 8000 Fax: +27 11 388 8333 Email: adminza@coalofafrica.com

Bernard R. Pryor – Interim Chairman, David H. Brown – Chief Executive Officer , Michael G. Meeser – Chief Financial Officer
Non-executive directors: Peter G. Cordin, Khomotso B. Mosehla , David J. K. Murray, Rudolph H. Torlage

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