COAL OF AFRICA LIMITED - Director Share Purchases

Director Share Purchases

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          

12 March 2014

Director Share Purchases

Coal of Africa Limited (the “Company”) advises that it was informed on 12 March 2014, that David
Brown and Michael Meeser, both Executive Directors of the Company purchased ordinary shares of
no par value in the Company (“Ordinary Shares”). Further details are set out below:

David Brown, an Executive Director and the Chief Executive Officer of the Company acquired
100,000 shares at an average price of R0.9812 (5.41 pence) on 12 March 2014. Following this
acquisition Mr Brown is now the beneficial owner of 250,000 shares representing 0.02% of the
Company’s issued share capital.

Michael Meeser, an Executive Director and Chief Financial Officer of the Company acquired
100,000 shares at an average price of R0.9535 (5.26 pence) on 11 March 2014. Following this
acquisition Mr Meeser is now the beneficial owner of 300,000 shares representing 0.03% of the
Company’s issued share capital.




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).

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