COAL OF AFRICA LIMITED - Sustantial shareholder notice

Sustantial shareholder 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" )



ANNOUNCEMENT                                                                                                                                       17 November 2014

                                                                  Holdings in Company

Coal of Africa Limited (the “Company") was notified on 14 November 2014 by M & G Investment Management
Limited (“M&G”) that, as at 12 November 2014, M&G held 258,128,850 ordinary shares of nil par value each
in the Company, representing 19.87 per cent of the Company's issued share capital at that date.

Further details on the holding are available on the Company’s website: http://www.coalofafrica.com/



AUTHORISED BY:
Tony Bevan
Company Secretary


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).


                 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 – 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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