COAL OF AFRICA LIMITED - Holdings in Company

Holdings in Company

 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                                                                                        21 June 2017

                                                 Holdings in Company

Coal of Africa Limited (the “Company") was notified on 20 June 2017 by Arcellor Mittal
South AFrica Limited (AMSA), that as at 15 June 2017, AMSA held 126,133,423 ordinary
shares of nil par value each in the Company, representing 4.93 per cent of the Company's
issued share capital at that date.

The shareholding decreased to below 5% and therefore AMSA is no longer classified as a
substantial shareholder of Company as defined by the ASX listing rules. The decrease in
shareholding was due to the recent shareholder approved share placement of 340,245,378
additional shares issued to Yishun Brightrise Investment PTE Limited, M & G Investment
Management Ltd., and Summer Trees PTE Limited on the 15 June 2017.

Further details on the holding are available on the Company’s website:
http://www.coalofafrica.com/



AUTHORISED BY:
Tony Bevan
Company Secretary

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                                    Peel Hunt LLP            +44 20 7418 8900

Charmane Russell/Jane Kamau                                    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,
Non-executive directors: Peter G. Cordin, Andrew D Mifflin, Khomotso B. Mosehla ,Thabo F Mosololi, Rudolph H. Torlage

Date: 21/06/2017 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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