COAL OF AFRICA LIMITED - Competition Commission approves acquisition of Universal Coal

Competition Commission approves acquisition of Universal Coal

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


17 December 2015



COMPETITION COMMISSION APPROVES MERGER WITH UNIVERSAL COAL



Coal of Africa Limited ("CoAL" or the "Company") confirms that the South African Competition Commission
has unconditionally approved CoAL's acquisition of Universal Coal plc ("Universal") pursuant to its intended
offer for the entire issued and to be issued share capital of Universal (the "Offer") announced by CoAL on 26
November 2015..

David Brown, Chief Executive Officer of CoAL, commented: “The approval is a positive step towards
successfully concluding the merger between CoAL and Universal.”




AUTHORISED BY:

David Brown

Chief Operating Officer



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 and Broker
                         Peel Hunt LLP                  +44 20 7418 8900
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, De Wet O Schutte
Non-executive directors: Peter G. Cordin, Andrew D Mifflin, Khomotso B. Mosehla ,Thabo F Mosololi, Rudolph H. Torlage



                                                                                                            014-3110-0935/1/EUROPE
Charmane Russell/Olwen Auret            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).




                                                                                                                            




                                                                                                             

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