COAL OF AFRICA LIMITED - Financial Services Board finding

Financial Services Board finding

 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 March 2017



                                                      FINANCIAL SERVICES BOARD FINDING




Coal of Africa Limited (“CoAL” or “the Company”) notes the judgement and fine lodged by the Financial
Services Board (“FSB”) against Mr Michiel Jakobus Brönn, Chief Operating Officer of the Company for the
contravention of the Section 78 (1) (a) of the Financial Markets Act, 19 of 2012.

The Company has throughout ensured that all internal policies and governance processes were in place. The
Company is in the process of reviewing the FSB findings, the details of which have been made public on 15
March 2017. The Company has placed Mr Brönn on suspension whilst the Company completes its internal
review process.




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

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).


  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, Shangren Ding

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