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Results of Annual General Meeting Coal of Africa Limited (Incorporated and registered in Australia) Registration number ABN 008 905 388 ISIN AU000000CZA6 JSE/ASX/AIM share code: CZA ("CoAL or the "Company" or the "Group") NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION ANNOUNCEMENT 15 June 2017 RESULTS OF GENERAL MEETING The Directors of Coal of Africa Limited ("CoAL") are pleased to announce that at the CoAL General Meeting held earlier today, all resolutions required to implement the acquisition of 100% of the shares in and claims against Pan African Resources Coal Holdings Proprietary Limited ("PAR Coal") ("the Transaction") and ancillary transactions thereto, put to the meeting were passed unanimously by a show of hands. In accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the Company hereby provides the following information on proxy votes received for each resolution: Abstain - For Against Discretionary Voting Abstain Exclusion Resolution 1: Approval for issue of Shares to Pan 1,553,745,000 153,917 917,406 - 975,100 African Resources Plc Resolution 2: Approval for issue of Shares to 1,553,722,335 172,842 914,406 - 981,840 Summer Trees Pte Ltd Resolution 3: Approval for issue of Shares to M&G Investment 1,158,603,539 164,917 914,406 395,136,446 972,115 Management Limited Resolution 4: Ratification of issue of Shares to M&G 1,158,612,457 154,917 915,488 395,136,446 972,115 Investment Management Limited Resolution 5: Ratification of issue of Shares to Yishun 1,130,475,314 151,917 917,406 423,273,864 972,922 Brightrise Investment Pte Limited Resolution 6: Approval for issue of Shares to Yishun 1,130,465,314 161,917 917,406 423,273,864 972,922 Brightrise Investment Pte Limited The Transaction remains subject to the condition precedent that Uitkomst Colliery Proprietary Limited has entered into a supply of coal agreement on terms acceptable to CoAL. CoAL shareholders will be notified as soon as the outstanding condition precedent to the Transaction has been fulfilled. Application has been made for 340 245 378 new ordinary shares to be admitted to trading on the AIM market of the London Stock Exchange ("AIM") in respect of the shares to be issued to Yishun Brightrise Investment Pte Limited, M&G Investment Management Limited and Summer Trees Pte Ltd. Admission to trading on AIM is expected to become effective on or around 16 June 2017. The new ordinary shares will rank pari passu with the Company's existing ordinary shares of nil par value. Application for quotation of the new ordinary shares will also be made to the Australian Securities Exchange and the Main Board of the JSE Limited. The new ordinary shares for Pan African Resources plc will be issued on satisfaction or waiver of the remaining condition precedent to the Transaction. Following admission of the new ordinary shares to be issued to Yishun Brightrise Investment Pte Limited, M&G Investment Management Limited and Summer Trees Pte Ltd there will be 2 556 296 905 shares on issue. 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 Corporations Act and the FCA's Disclosure Guidance and Transparency Rules. 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 Celeste Van Tonder Investor Relations 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 and Broker Peel Hunt LLP +44 20 7418 8900 Investec Bank Limited is the nominated JSE Sponsor. About CoAL: CoAL is an AIM/ASX/JSE listed coal exploration and development 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). Date: 15/06/2017 03:10:00 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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