COAL OF AFRICA LIMITED - Notice of General Meeting

Notice of General Meeting

 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")


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR PART) IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION




ANNOUNCEMENT                                                                          12 May 2017


                              NOTICE OF GENERAL MEETING


On 5 April 2017, Coal of Africa Limited (ASX, AIM, JSE: CZA) (“CoAL”) announced the acquisition of
the Uitkomst Colliery for R275 million (the “Acquisition”), and an aggregate US$13 million equity
investment from Summer Trees Pte and M&G Investment Management Limited (the “Subscription”).
Furthermore, the Company announced on 1 February and 17 February 2017 that it had issued
49,007,596 ordinary shares (the “Placement Shares”) to M&G Investment Management Limited to raise
US$2 million (the “Placement”) and the conversion of a US$10 million loan with Yishun Brightrise
Investment Pte Limited (“YBI”) to CoAL ordinary shares (the “Conversion”). 240,042,603 ordinary
shares were issued immediately with the issue of the second tranche of 4,995,378 shares (the
“Conversion Shares”) to be converted into equity following shareholder approval.

The board of CoAL is pleased to announce that, in connection with the Acquisition the Subscription, the
Placement and the Conversion, the Company has today posted a formal notice (“Notice”) convening a
general meeting of CoAL's shareholders (“General Meeting”) to seek shareholder approval for, amongst
others, the issue of the Consideration Shares, the Subscription Shares, the Placement shares and the
Conversion Shares. The Notice is available on the Company's website www.coalofafrica.com.

The General Meeting will be held on 15 June 2017 at 10:00 a.m. (BST) at the offices of Tavistock
Communications, 1 Cornhill, London, EC3V 3ND, United Kingdom.

An indicative timetable of the principal events associated with the Acquisition is given below. This
timetable is subject to change.
 Latest time and date for receipt of Form of Proxy                                10:00 am (BST) 13 June 2017
 General Meeting                                                                  10:00am (BST) 15 June 2017


 Anticipated closing of the Acquisition (Subject to Competition
 Commission approval) and indicative timing for the issue of the                  1 July 2017
 Consideration Shares, the Subscription Shares



Notes:

Unless otherwise defined in this announcement, capitalised terms used in this announcement have the
meaning given to them in the announcements published by CoAL on 5 April 2017, 1 February 2017 and
17 February 2017 respectively.

All references to times in this timetable are to BST times. Each of the dates and times in the above
timetable and elsewhere in this announcement are indicative only and subject to change. Any such
change will be notified by an announcement on a regulatory information service.



AUTHORISED BY:

Tony Bevan

Company Secretary



For more information contact:

David Brown                        Chief Executive Officer            Coal of Africa                     +27 10 003 8000

De Wet Schutte                     Chief Financial Officer            Coal of Africa                     +27 10 003 8000

Celeste Van Tonder                 Investor Relations                 Coal of Africa                     +27 10 003 8000

Tony Bevan                         Company Secretary                  Endeavour Corporate Services       +61 08 9316 9100



Company advisors:

Jos Simson/Emily Fenton            Financial PR (United Kingdom)      Tavistock                          +44 20 7920 3150

Matthew Armitt/Ross Allister       Nominated Adviser and Broker       Peel Hunt LLP                      +44 20 7418 8900



Investec Bank Limited is the nominated JSE Sponsor.

About CoAL:

CoAL is an AIM/ASX/JSE listed coal exploration and development 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).

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