TIDMCZA

RNS Number : 0231J

Coal of Africa Limited

23 June 2017

ANNOUNCEMENT 23 June 2017

Holdings in Company

Coal of Africa Limited (the "Company") was notified on 23 June 2017 by Summer Trees Pte Ltd ("SummerTrees"), that as at 16 June 2017, SummerTrees held 257,884,615 ordinary shares of nil par value each in the Company, representing 10.1 per cent of the Company's issued share capital at that date.

SummerTrees is a new shareholder and this is the first placement in the company. The shareholding increased by 10.1 per cent following the recent shareholder approved share placement of 340,245,378 additional shares issued to Yishun Brightrise Pte, 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:

 
                    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

HOLEAEKDADEXEFF

(END) Dow Jones Newswires

June 23, 2017 08:00 ET (12:00 GMT)

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