MCM.L Regulatory News (MCM)

7 May 2008 09:19

Coal of Africa Limited07 May 2008 Coal of Africa Limited Exercise of Options Coal of Africa Limited ('CoAL' or the 'Company') confirms it has today placed1,055,575 ordinary shares. 555,575 shares were placed to Mirabaud SecuritiesLimited in the United Kingdom pursuant to its exercise of Class B Options at anexercise price of 54 pence per share. An additional 500,000 shares were placedto Blue Oar Securities plc in the United Kingdom in part consideration forbrokerage services provided to the Company in 2006. Application will be made for 1,055,575 shares to be admitted to trading on AIM("Shares"). Following the admission of the Shares, the number of Ordinary Shares on issuewill be 354,494,492. For more information contact: Simon Farrell, Managing Director CZA +61 417 985 383 Olly Cairns / Romil Patel Blue Oar Securities Plc +618 6430 1631 or +44 20 7448 4400 Jos Simson/ Leesa Peters Conduit PR +44(0) 20 7429 6603 Petronella Gorrie The Event Shop +27 82 827 8815 www.coalofafrica.com About CoAL: Coal of Africa Limited ("CoAL") is primarily focused on the acquisition,exploration and development of thermal and metallurgical coal projects. TheCompany's key projects, along with its leading metals processing company NiMagGroup (Pty) Ltd are in South Africa. The Company was incorporated in WesternAustralia and listed in 1980. Since 2005, the Company has also listed on boththe AIM and JSE markets, allowing further growth in the Company's coal assets. This information is provided by RNS The company news service from the London Stock Exchange