COAL OF AFRICA LIMITED - Resignation of Chief Operating Officer

Resignation of Chief Operating Officer

  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                                                                                                                               23 March 2017



                                                       RESIGNATION OF CHIEF OPERATING OFFICER




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

Mr Brönn will forfeit all share based incentive awards and shall not be entitled to receive any bonus payments
for the year ending June 2017.




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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