COAL OF AFRICA LIMITED - Beijing Haohua Energy Resources Co. confirms receipt of Chinese regulatory approval for US$100 million investment

Beijing Haohua Energy Resources Co. confirms receipt of Chinese regulatory approval for US$100 million investment

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       
9 January 2013

Beijing Haohua Energy Resources Co. confirms receipt of Chinese regulatory
approval for US$100 million investment


Coal of Africa Limited (“the Company” or “CoAL”) is pleased to announce that Haohua Energy International
(Hong Kong) Co. Limited (“HEI”), a wholly owned subsidiary of Beijing Haohua Energy Resource Co.
Limited (“BHE”), has advised the Company that it has received the requisite approvals ahead of schedule
from the relevant authorities in the People’s Republic of China (“PRC”) to proceed with the subscription for
US$100 million of CoAL shares at a price of £0.25 per share in accordance with the definitive Subscription
Agreement (“Subscription Agreement”).

The requisite approvals include the Beijing Municipal Commission of Development and Reform ‘Approval
on the transaction of BHE’s share subscription from CoAL’ and the National Development and Reform
Commission’s ‘Major local overseas investments transaction approval and registration’ to the Beijing
Municipal Commission of Development and Reform. The approvals are valid for two years.

Under the Subscription Agreement, the Initial Placement of US$20 million has been received by the
Company and the Conditional Placement of US$80 million remains subject to shareholder approval. As
announced on 24 December 2012, the Notice of the Extraordinary General Meeting (“EGM”) to be held on
25 January 2013, has been dispatched to shareholders to consider and approve the US$100 million
investment by HEI at the EGM.

CoAL Chairman, David Brown said, “I am pleased that the remaining approvals required by HEI to
complete the transaction have been received ahead of the shareholder meeting on 25 January. Upon the
conclusion of this transaction, CoAL will be well placed to execute its vision for the future development of
the Company.”

For more information contact:
David Brown                                    Chairman                         Coal of Africa         +27 11 575 4363
John Wallington                                Chief Executive Officer          Coal of Africa         +27 11 575 4363
Sakhile Ndlovu                                 Investor Relations               Coal of Africa         +27 11 575 6858
         8114941/5Suite 8,7 The Esplanade, Mt Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9315 5475, Email: perth@coalofafrica.com ACN 008 905388
 ZA: 2nd Floor, Gabba Building, The Campus, 57 Sloane Street, Bryanston, Johannesburg, South Africa 2021, Tel: +27 11 575 4363, Fax: +27 11 576 7484, Email: adminza@coalofafrica.co.za
                                UK: 5th Floor, 33 St. James’s Street, London, SW1A 1HD, United Kingdom, Tel: +44 (0) 20 7839 8840, Fax: +44 (0) 20 7004 0959


                                         David H. Brown - Chairman, John N. Wallington - Chief executive officer, Professor N. A. Nevhutanda - Corporate affairs director
                                           Non-executive directors: Peter G. Cordin, Khomotso B. Mosehla , Dave J. K. Murray, Bernard R. Pryor, Rudolph H. Torlage
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
Chris Sim/Neil Elliot                   Nominated Adviser                    Investec Bank plc                   +44 20 7597 5970
Charmane Russell/James Duncan           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, including CoAL’s Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both
thermal coal).



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