Coal of Africa granted Nucoal (Woestalleen) Section 11 approval 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 5 February 2014 COAL OF AFRICA GRANTED NUCOAL (WOESTALLEEN) SECTION 11 APPROVAL Coal of Africa Limited (the “Company" or "CoAL") is pleased to announce the granting of a Section 11 approval by the Department of Mineral Resources (“DMR”) for the disposal by CoAL of all shares and intercompany loan accounts in NuCoal Mining Proprietary Limited (the “Woestalleen Complex”). The approval was granted effective 31 January 2014 and the sale consideration of R80 million (US$ 7.2million) is now payable to CoAL. CoAL would like to express our gratitude to the DMR for its assistance in expediting the approval. David Brown, Chief Executive Officer stated: “The successful completion of this disposal is another significant step forward in our execution of the five-point turnaround strategy as earlier communicated by the Company.” Authorised by David Brown CEO 5 February 2014 For more information contact: David Brown Chief Executive Officer Coal of Africa +27 10 003 8000 Michael Meeser Chief Financial Officer Coal of Africa +27 10 003 8000 Celeste Harris Investor Relations Coal of Africa +27 10 003 8038 Tony Bevan Company Secretary Endeavour Corporate Services +61 8 9316 9100 Company advisors: Jos Simson/Emily Fenton Financial PR (United Kingdom) Tavistock +44 20 7920 3150 Chris Sim/Jeremy Ellis Nominated Adviser Investec Bank plc +44 20 7597 5970 Charmane Russell/Jane Kamau 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 /MbeuYashu, including CoAL’s Makhado Project (coking and thermal coal). AU: Coal of Africa Limited, Suite 8, 7 The Esplanade, Mount Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9316 5475 ZA: South Block, Summercon Office Park, Cnr Rockery Lane and Sunset Avenue, Lonehill, 2191, Tel: +27 10 003 8000 Fax: +27 11 388 8333 Email: adminza@coalofafrica.com Bernard R. Pryor – Interim Chairman, David H. Brown – Chief Executive Officer , Michael G. Meeser – Chief Financial Officer Non-executive directors: Peter G. Cordin, Khomotso B. Mosehla , David J. K. Murray, Rudolph H. Torlage Date: 05/02/2014 09:00:00 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.