COAL OF AFRICA LIMITED - Notice of Variation Extending the Offer Period

Notice of Variation Extending the Offer Period

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’)

___________________________________________________________________________
NOTICE OF VARIATION EXTENDING THE OFFER PERIOD IN RESPECT OF THE
RECOMMENDED OFFER FOR THE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF
UNIVERSAL COAL PLC (“UNIVERSAL”) (“THE OFFER”)
 ___________________________________________________________________________

1.    Extension of the Offer to shareholders of Universal only
      CoAL wishes to advise that it has extended the Offer Period of the Offer, such that the
      Closing Date is now 29 April 2016.

      The full notice of Notice of Variation is available on the Company’s website
      (www.coalofafrica.com) and this announcement should be read in conjunction with that
      Notice of Variation. Universal Shareholders and CDI Holders should refer to the Offer
      Document for further instructions regarding how to accept the Offer

2     SATISFACTION OF LOAN NOTE CONDITION
      CoAL is pleased to advise that it has now received consideration elections for the Loan
      Note Alternative from Universal Shareholders (including Universal CDI Holders)
      representing 206,780,797 Universal Shares equating to approximately 40.81% of the total
      number of Universal Shares in issue. Thus condition (b) as set out in Section 1 of Part A of
      Appendix VI of the Offer Document has been satisfied.

      CoAL further wishes to advise that, as at the date of this announcement, it has received
      acceptances of the Offer from Universal Shareholders (including Universal CDI Holders)
      representing 313,765,213 Universal Shares, equating to approximately 61.93% of the total
      number of Universal Shares on issue.

Enquiries:
 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:
 Dennis Tucker / Robert Philpot   Corporate Advisor             Qinisele Resources             +27 11 883 6358
 Matthew Armitt/Ross Allister     Nominated Adviser and         Peel Hunt LLP                  +44 20 7418 8900
                                  Broker
 Jos Simson/Emily Fenton          Financial PR (United          Tavistock                      +44 20 7920 3150
                                  Kingdom)
 Charmane Russell/Jane Kamau      Financial PR (South Africa)   Russell & Associates           +27 11 880 3924 or
                                                                                               +27 82 372 5816
 Robert Smith/ Tanya Cesare       Nominated JSE Sponsor         Investec Bank                  +2711 286 7000

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