Results of General Meeting

ANNOUNCEMENT 15 September 2015

Results of General Meeting

The Directors of the Coal of Africa Limited (the "Company" or "CoAL") are pleased to announce that at the General Meeting of Shareholders held on 14 September 2015, the resolution put to the meeting was passed by the requisite majority of shareholders 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:

Of the 1,708,568,613 ordinary shares eligible to vote on the resolution, 76.88 per cent voted, and of those that voted, 99.80 per cent voted in favour.

The conditions of the Subscription Agreement with Yishun Brightrise Investment PTE Limited have now been satisfied (or waived as the case may be). Application has been made for the admission of the 183,231,261 shares to trading on AIM, the ASX and the JSE. Admission is expected to occur on or around 17 September 2015. The newly admitted shares will be fully paid ordinary shares in the capital of CoAL and will rank equally in all respects with the existing fully paid ordinary shares on issue. Following admission there will be 1,926,799,874 shares in issue.

For more information contact:

Company advisors:

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).