COAL OF AFRICA LIMITED - Capital Raising Update

Capital Raising Update

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                                                                                                                                    1 June 2015

                                                                           Capital Raising Update

Further to the announcement of 30 April 2015 Coal of Africa Limited (the “Company”) advises that the third
stage of the equity raise is still progressing as planned.

The Company will inform the market in due course when all the formalities are completed.




For more information contact:
David Brown                                                  Chief Executive 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 8 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, Andrew D. Mifflin, Khomotso B. Mosehla ,Thabo F. Mosololi, Rudolph H. Torlage

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