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CZA - Coal of Africa Limited - Conversion of options and secondary trading notice Coal of Africa Limited (Incorporated and registered in Australia) (Registration number ABN 008 905 388) JSE Share code: CZA ASX Share code: CZA AIM Share code: CZA ISIN AU000000CZA6 ("CoAL" or the "Company") CONVERSION OF OPTIONS AND SECONDARY TRADING NOTICE CoAL confirms it has today issued 500,000 ordinary shares pursuant to the exercise of Class A Options at an exercise price of 50 cents per share ("Shares"). Application has been made for the 500,000 Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). Admission is expected to become effective on 7 October 2011. The Shares will rank pari passu with the Company`s existing Ordinary Shares. Following the admission of the Shares, the number of Ordinary Shares on issue will be 531,639,661. Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act") The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act. The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that: (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act; (b) as at 9 September 2011, the Company has complied with the provisions of Chapter 2M of the Act (other than section 319 in relation to a financial year ended in the calendar year 2004) as they apply to the Company, and section 674 of the Act; and (c) as at 9 September 2011 there is no information: a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of: i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
ii. the rights and liabilities attaching to the relevant Shares. Authorised by Shannon Coates Company Secretary Bryanston 30 September 2011 JSE Sponsor Macquarie First South Capital (Pty) Ltd For more information contact John Wallington Chief Executive Coal of Africa +27 11 575 7423 Officer Wayne Koonin Financial Coal Of Africa +27 11 575 6797 Director Shannon Coates Company Coal of Africa +61893 226 776 Secretary Chris Sim/ Romil Nominated Evolution +44 20 7071 4300 Patel Adviser Securities Melanie de JSE Sponsor Macquarie First +27 11 583 2000 Nysschen/Annerie South Capital Britz/Yvette Labuschagne Jos Simson/Emily Financial PR Tavistock +44 207 920 3150 Fenton www.coalofafrica.com 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 Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal). The Mooiplaats Colliery commenced production in 2008 and is currently ramping up to produce 2 Mtpa. The Woestalleen Colliery, acquired through the acquisition of NuCoal Mining (Pty) Limited in January 2010, currently processes approximately 2.5Mtpa of saleable coal for domestic and export markets. The Woestalleen Complex also incorporates three beneficiation plants with a total processing capacity of 350,000 run of mine feed tonnes per month. CoAL`s Vele Colliery is expected to start production in the first half of 2012. During the initial phase, the operation is targeting 2.7 Mtpa ROM production to produce 1.0Mtpa saleable coking coal.. The Makhado Project, CoAL`s flagship project in the Soutpansberg coalfield, is well into the feasibility stage, with a Definitive Feasibility Study nearing completion. An application for a New Order Mining Right for the Makhado Project was submitted in January 2011. In November 2010, CoAL agreed to acquire the Chapudi coal project and several other coal exploration properties in the Soutpansberg coal basin in South Africa from the previous owners, including Rio Tinto. Upon completion, the acquisition of these projects will significantly extend the scale and scope of certain of CoAL`s existing projects in the region and will more than double the resource of the existing Makhado Project. Date: 30/09/2011 08:51:05 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
