Issue of Shares under Performance Rights Plan 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 17 May 2022 ISSUE OF SHARES UNDER PERFORMANCE RIGHTS PLAN Further to its announcement on 28 April 2022, MC Mining Limited (MC Mining or the Company) confirms that it has now issued 4,871,406 new ordinary shares of no par value in the Company’s capital (Ordinary Shares) (the Performance Rights Shares) to its former Interim Chief Executive Officer (CEO), Mr Sam Randazzo. The 4,871,406 Performance Rights Shares have been issued to Mr Randazzo in accordance with the Company’s Performance Rights Plan as announced at the time of his resignation as Interim CEO and Executive Director. Admission and Total Voting Rights Application has been made for the Performance Rights Shares to be admitted to trading on the ASX, AIM and JSE markets (Admission). Admission of the Performance Rights Shares to trading on AIM is expected to become effective at 8:00 a.m. on or around 20 May 2022, and the Performance Rights Shares will rank pari passu with the Company's existing Ordinary Shares. On Admission, MC Mining’s issued share capital shall comprise 197,654,870 Ordinary Shares. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the ASX Listing Rules or the FCA's Disclosure Guidance and Transparency Rules. Authorised by Tony Bevan Company Secretary This announcement has been approved by the Company’s Disclosure Committee. For more information contact: Godfrey Gomwe CEO MC Mining Limited +27 10 003 8000 Tony Bevan Company Secretary Endeavour Corporate +61 8 9316 9100 Services Company advisors: James Harris / James Dance Nominated Adviser Strand Hanson Limited +44 20 7409 3494 Rory Scott Broker (AIM) Tennyson Securities Limited +44 20 7186 9031 James Duncan 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 and thermal coal), Makhado Project (hard coking coal). Vele Colliery (semi-soft coking and thermal coal), and the Greater Soutpansberg Projects (coking and thermal coal). Statements of intention Statements of intention are statements of current intentions only, which may change as new information becomes available or circumstances change. Date: 17-05-2022 09:00:00 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.