Appendix 3X Notice 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 13 AUGUST 2012 INITIAL DIRECTORS’ INTEREST NOTICE Further to its announcement of 6 August 2012, Coal of Africa Limited ("CoAL" or the "Company") provides the following Appendix 3X “Initial Director’s Interest Notice” for each of David Brown and Bernard Pryor, who were appointed as non-executive Directors to the Company on 6 August 2012. CoAL further advises that its announcement dated 6 August 2012 incorrectly notes the exercise price of the second tranche of options proposed to be issued to each of Mr Brown and Mr Pryor, subject to shareholder approval, as 50 pence each. The correct exercise price for this second tranche of options is 37.5 pence each, as reflected in the Appendix 3X. AUTHORISED BY: Shannon Coates Company Secretary For more information contact: Coal of Africa John Wallington Chief Executive Officer +27 11 575 4363 Wayne Koonin Financial Director +27 11 575 4363 Sakhile Ndlovu Investor Relations +27 11 575 6858 Investec London Chris Sim +44 20 7597 5970 Neil Elliot Investec SA +27 11 286 7000 George Nakos Robert Smith Russell & Associates +27 (0) 11 880 3924 Charmane Russell +27 (0) 82 372 5816 Jane Kamau Tavistock +44 20 7920 3150 Jos Simson Emily Fenton www.coalofafrica.com Date: 13/08/2012 08:30:00 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.