Holdings in Company MC Mining Limited Previously Coal of Africa Limited (Incorporated and registered in Australia) Registration number ABN 008 905 388 ISIN AU000000MCM9 JSE share code: MCZ ASX/AIM code: MCM ANNOUNCEMENT 10 February 2020 HOLDINGS IN COMPANY MC Mining Limited (the “Company" or “MC Mining”) was advised on 4 February 2020 by Yishun Brightrise Investment Pte Ltd (“YBI”) that as at 6 December 2019, due to an internal corporate restructuring, YBI was no longer a substantial holder of ordinary shares in the Company. All of YBI’s interest in the Company, being 21,413,462 ordinary shares of nil par value, representing 15.2% of the Company's issued share capital, was transferred to Ying He Yuan Investment (S) Pte Limited (“YHYI”) on that date. There was no change in beneficial ownership and YBI’s shareholder representative on the Company’s board, Mr Brian He Zhen, will remain a director of MC Mining as YHYI’s representative. Further details on the holding are available on the Company’s website: http://www.mcmining.co.za AUTHORISED BY: Tony Bevan Company Secretary For more information contact: Brenda Berlin CFO and Acting CEO MC Mining Limited +27 10 003 8000 Tony Bevan Company Secretary Endeavour Corporate +61 08 9316 9100 Services Company advisors: Ross Allister/David McKeown Nominated Adviser and Peel Hunt LLP +44 20 7418 8900 Broker Charmane Russell/Olwen Auret Financial PR (South Africa) R&A Strategic +27 11 880 3924 Communications Investec Bank Limited is the nominated JSE Sponsor About MC Mining Limited: MC Mining is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. MC Mining’s key projects include the Uitkomst Colliery (metallurgical coal), Makhado Project (hard coking coal and a thermal coal by-product). Vele Colliery (coking and thermal coal), and the Greater Soutpansberg Projects (coking and thermal coal). 1. Details of the person discharging managerial responsibilities / person closely associated a. Name Ying He Yuan Investment (S) Pte Limited 2. Reason for the notification a. Position/status Substantial shareholder b. Initial notification/Amendment 6 February 2020 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a. Name MC Mining Limited 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a. Description of the Financial instrument, Ordinary share type of instrument Identification code b. Nature of the transaction Internal corporate restructuring c. Price(s) and volume(s) Price(s) Volume(s) GBP0.27 per share 23,413,462 d. Aggregated information • Aggregated volume 23,413,462 • Price GBP0.27 per share e. Date of the transaction 6 December 2019 f. Place of the transaction London, United Kingdom Date: 10-02-2020 11:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.