COAL OF AFRICA LIMITED - Competition commission approves the Uitkomst Aquisition

Competition commission approves the Uitkomst Aquisition

 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                                                          8 JUNE 2017


       COMPETITION COMMISSION APPROVES THE UITKOMST ACQUISITION

Coal of Africa Limited ("CoAL" or the "Company") is pleased to confirm that the South African
Competition Commission has unconditionally approved CoAL's acquisition of 100% of the
shares in and claims against Pan African Resources Coal Holdings Proprietary Limited ("PAR
Coal") (“the Transaction”) which was announced by CoAL on 5 April 2017.
The Transaction remains subject to certain conditions precedent including amongst others the
approval of the Transaction by CoAL shareholders which is being sought at the Company’s
General Meeting to be held on 15 June 2017.
David Brown, Chief Executive Officer of CoAL, commented: "approval from the Competition
Commission represents an important milestone in the process of securing completion of the
Transaction. We continue to make positive progress and work towards satisfaction of the
outstanding conditions as soon as possible and will provide an update on expected timing of
completion following CoAL’s upcoming General Meeting".


AUTHORISED BY:
David Brown
Chief Executive Officer
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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