MCM.L Regulatory News (MCM)

Name of entity Coal of Africa Limited

ABN 98 088 905 388

Simon James Farrell

Date of last notice

30 June 2011

Direct or indirect interest

Indirect

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Newcove International Inc.

Mr Farrell is a director and shareholder of Newcove International Inc.

Date of change

26 June 2012

No. of securities held prior to change

Direct interest

5,000,000 options exercisable at $1.25 each on or before 30 September 2012.

3,000,000 options exercisable at $2.74 each on or before 30 November 2014.

Indirect interest

2,871,791 fully paid ordinary shares.*

*Shares are held by Newcove International Inc, of which Mr Farrell is a director and shareholder.

Class

Shares

Number acquired

1,833,150

Number disposed

Nil

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

Nil

No. of securities held after change

Direct interest

5,000,000 options exercisable at $1.25 each on or before 30 September 2012.

3,000,000 options exercisable at $2.74 each on or before 30 November 2014.

Indirect interest

4,704,941 fully paid ordinary shares.*

*Shares are held by Newcove International Inc, of which Mr Farrell is a director and shareholder.

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Issue of shares to Directors as approved at the general meeting of shareholders held on 22 June 2012.

Detail of contract

N/A

Nature of interest

Name of registered holder

(if issued securities)

Date of change

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired

Interest disposed

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

If prior written clearance was provided, on what date was this provided?