COAL OF AFRICA LIMITED - Issue of shares and Secondary trading notice

Issue of shares and Secondary trading 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" or the "Group")




ANNOUNCEMENT
                                                                                16 October 2015



                  ISSUE OF SHARES AND SECONDARY TRADING NOTICE




Coal of Africa Limited ("CoAL" or the "Company") confirms it has issued a total of 201,454 ordinary shares
("Shares")The Board has resolved to issue a total of 201,454 fully paid ordinary shares to the following two
companies:

        -   80,582 shares to Basane Investment Holdings Proprietary Limited 13 Pearl Crescent, Fourways,
            Gauteng 2055, South Africa
        -   120,872 shares to Ndilo Mineral Resources Proprietary Limited




Application has been made for the Shares to be admitted to trading on the AIM market of the London Stock
Exchange ("AIM"). Admission to trading on AIM is expected to become effective on or around 21 October 015.
The Shares will rank pari passu with the Company's existing ordinary shares of nil par value. Application for
quotation of the Shares will also be made to the Australian Securities Exchange ("ASX") and the Main Board
of the JSE Limited.

Following Admission there will be 1,927,001,328 shares on issue.

In accordance with the requirements of section 708A(6) of the Corporations Act 2001 (Cth) (“Corporations
Act”), CoAL notifies ASX that:
    a) the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;
    b) this notice is being given under section 708A(5)(e) of the Corporations Act;
    c) as at the date of this notice, CoAL has complied with:
                         i. the provisions of Chapter 2M of the Corporations Act (other than section 319 in
                            relation to a financial year ended in the calendar year 2004) as they apply to CoAL;
                            and
                        ii. section 674 of the Corporations Act; and
       d) as at the date of this notice, there is no information that is “excluded information” required to be set
          out in this notice by virtue of sections 708A(7) and 708A(8) of the Corporations Act.




AUTHORISED BY:

Tony Bevan

Company Secretary



For more information contact:
David Brown                                                    Chief Executive Officer                              Coal of Africa                   +27 10 003 8000
De Wet Schutte                                                 Chief Financial Officer                              Coal of Africa                   +27 10 003 8000
Celeste Riekert                                                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
Matthew Armitt/Ross Allister                                   Nominated Adviser                                    Peel Hunt LLP                  +44 20 7418 8900

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,
Non-executive directors: Peter G. Cordin, Andrew D Mifflin, Khomotso B. Mosehla ,Thabo F Mosololi, Rudolph H. Torlage




                                                                                                                                                                      
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