COAL OF AFRICA LIMITED - Response to announcement by Beijing Haohua Energy Resource Co Ltd

Response to announcement by Beijing Haohua Energy Resource Co Ltd

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             
20 August 2014

Response to Announcement by Beijing Haohua Energy Resource Co. Ltd

Coal of Africa Limited (the “Company") notes the recent announcement on the Shanghai Stock Exchange by Beijing
Haohua Energy Resource Co. Ltd that one of its subsidiaries plans to acquire not more than 215 million shares in the
Company for a maximum price of 5.5 pence per share.

As the Company has stated in its interim financial results released on 10 March 2014, the ability of the Company to
continue as a going concern and to pay its debts as and when they fall due is dependent on, among other things,
obtaining additional funding from either financial institutions or the equity markets to meet its planned commitments.
In line with this, the Company is currently in discussions with a number of parties, including strategic investors,
regarding a potential conditional capital raising for the Company. At this time, the discussions remain incomplete and
no binding agreements have been entered into.

The Company will provide a further update to shareholders in due course.


Authorised by
David Brown
Chief Executive Officer
20 August 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 8000
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/George Price/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).



          11149709/2AU: 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 – 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

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