COAL OF AFRICA LIMITED - Update: Recommended offer for Universal Coal Plc - Extension of Co-operation Agreement

Update: Recommended offer for Universal Coal Plc - Extension of Co-operation Agreement

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’)

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UPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC - EXTENSION OF CO-
OPERATION AGREEMENT

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                                                                                          3 May 2016

Coal of Africa Limited (ASX, AIM and JSE: CZA) (“CoAL”) provides the following update on CoAL’s
recommended offer for the entire issued and to be issued share capital of Universal Coal Plc (ASX:
UNV) (the “Offer”).

Unless otherwise defined in this announcement, capitalised terms used in this announcement have the
meaning given to them in the offer document published by CoAL on 21 December 2015 (the “Offer
Document”).

It was announced on 22 April 2016 that CoAL had extended the Offer Period of the Offer, such that the
Closing Date is 20 May 2016.

Pursuant to a Deed of Variation, CoAL and Universal have agreed to amend the terms of the
Cooperation Agreement entered into between the parties in connection with the Offer such that the date
by which the Effective Date must have occurred be extended until 20 May 2016 in accordance with the
revised Closing Date, or such other date as the parties may agree..

Enquiries

 CoAL                                                              Telephone: +27 (0)10 003 8000

 David Brown, De Wet Schutte and Celeste Riekert

 Qinisele Resources (Proprietary) Limited (Financial Adviser to    Telephone: +27 (0)11 883 6358
 CoAL)

 Robert Philpot and Dennis Tucker

 Peel Hunt LLP (Nominated Adviser and Broker to CoAL)              Telephone: + 44 (0)20 7418 8900

 Matthew Armitt and Ross Allister

 Investec Bank Limited (JSE Sponsor for CoAL)    Telephone: +27 (0)11 286 7000

 Robert Smith and Tanya Cesare

 Tavistock (United Kingdom PR Adviser to CoAL)   Telephone: +44 20 7920 3150

 Jos Simson and Emily Fenton

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