Director Share Purchase 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 19 March 2015 Director Share Purchase Coal of Africa Limited (the “Company”) advises that it was informed on 18 March 2015, that David Brown, Executive Director and Chief Executive Officer of the Company acquired 500,000 shares at an average price of R0.27 (1.46 pence) on 18 March 2015. Following this acquisition Mr Brown is now the beneficial owner of 825,000 shares representing 0.05% of the Company’s issued share capital. 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 Russell & Associates +27 11 880 3924 or Africa) +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). Date: 19/03/2015 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.