Director's dealings 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") Appendix 3Y Change of Director’s Interest Notice Rule 3.19A.2 Appendix 3Y Change of Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001. Name of entity Coal of Africa Limited ABN 98 088 905 388 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director David Hugh Brown Date of last notice 13 August 2012 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Direct or indirect interest Direct Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change 30 November 2012 No. of securities held prior to change Nil Class Unlisted options exercisable at GBP0.25 each on or before 30 November 2015 Number acquired 2,500,000 Number disposed Nil Value/Consideration Nil Note: If consideration is non-cash, provide details and estimated valuation + See chapter 19 for defined terms. Change of Director’s Interest Notice No. of securities held after change 2,500,000 unlisted options exercisable at GBP0.25 each on or before 30 November 2015. Nature of change Options issued to non-executive director as Example: on-market trade, off-market trade, exercise of approved by shareholders at Annual General options, issue of securities under dividend reinvestment Meeting on 29 November 2012. plan, participation in buy-back Part 2 – Change of director’s interests in contracts Detail of contract Letter of appointment as Non-Executive Director Nature of interest Subject to shareholder approval, Mr Brown was entitled to: 2,500,000 unlisted options, exercisable at GBP0.25 each, to be issued immediately; and 2,500,000 unlisted options exercisable at GBP0.375 each to be issued on the three year anniversary of his appointment date (6 August 2012). Name of registered holder David Hugh Brown (if issued securities) Date of change 30 November 2012 No. and class of securities to which 5,000,000 unlisted options interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Nil Interest disposed 2,500,000 unlisted options were issued as described in Part 1. Value/Consideration Nil Note: If consideration is non-cash, provide details and an estimated valuation Interest after change Subject to shareholder approval, Mr Brown is entitled to: 2,500,000 unlisted options exercisable at GBP0.375 each to be issued on the three year anniversary of his appointment date (6 August 2012). Date: 06/12/2012 12:02:00 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.