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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 ANNOUNCEMENT 13 July 2017 Holdings in Company Coal of Africa Limited (the "Company") was notified on 12 July 2017 by Yishun Brightrise Pte Ltd ("YBI"), that as at 30 June 2017, YBI held 428,269,242 ordinary shares of nil par value each in the Company, representing 15.2 per cent of the Company's issued share capital at that date. The shareholding decreased by 1.55 per cent following 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: 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 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: 13/07/2017 11:00:00 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.

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