TIDMCZA

RNS Number : 7647J

Coal of Africa Limited

30 June 2017

ANNOUNCEMENT 30 June 2017

Holdings in Company

Coal of Africa Limited (the "Company") was notified on 30 June 2017 by Investec Asset Management (PTY) Limited (IAM (PTY) Limited), that as at 30 June 2017, IAM (PTY) Limited held 131,529,499 ordinary shares of nil par value each in the Company, representing 4.67 per cent of the Company's issued share capital at that date.

The shareholding decreased to below 5% and therefore IAM (PTY) Limited 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 261,287,625 additional shares issued to Pan African Resources Plc on 30 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:

 
                    Chief Executive                              +27 10 003 
 David Brown         Officer              Coal of Africa          8000 
                    Chief Financial                              +27 10 003 
 De Wet Schutte      Officer              Coal of Africa          8000 
                                                                 +27 10 003 
 Celeste Riekert    Investor Relations    Coal of Africa          8000 
                                          Endeavour Corporate    +61 08 9316 
 Tony Bevan         Company Secretary      Services               9100

Company advisors:

 
 Jos Simson/Emily         Financial PR                        +44 20 
  Fenton                   (United Kingdom)    Tavistock       7920 3150 
 Matthew Armitt/Ross                           Peel Hunt      +44 20 
  Allister                Nominated Adviser     LLP            7418 8900 
 Charmane Russell/Jane    Financial PR         Russell &      +27 11 
  Kamau                    (South Africa)       Associates     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).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 30, 2017 08:00 ET (12:00 GMT)

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