Coal of Africa Limited Appointment of Finance Director (5125C)

TIDMCZA

RNS Number : 5125C

Coal of Africa Limited

17 April 2013

   ANNOUNCEMENT                                                                         17 April 2013

Finance Director Appointed

Coal of Africa Limited (the "Company" or "CoAL") is pleased to advise that Michael Meeser has been appointed as Chief Financial Officer and Executive Director with effect from 1 June 2013.

Michael George Meeser (48) is a qualified Chartered Accountant and has over 20 years' extensive local and international experience in project finance. Michael spent 6 years in London working for Edison Mission Energy Limited, a company that developed, owned and operated independent power projects world-wide and with interests in more than 50 power projects and assets of more than $4 billion. In 1998, Michael joined Investec Bank's Project and Infrastructure Finance business within their Capital Markets' division. He is currently Head of the Project & Infrastructure and Commodity & Resource Finance businesses for Africa and is a member of the divisions' executive committee.

Commenting today David Brown said: "I would like to welcome Michael on board during a challenging and yet exciting period of the Company's development. Michael brings a suite of unique skills that will enable the management to further strengthen the Company's balance sheet as we bring our coking and thermal coal projects to account. As a Board we are keen to ensure that we execute on the key milestones necessary for shareholder value growth."

Save as set out below there is no further information required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules:

 
 Current Directorships:                  Directorships in past 5 years 
--------------------------------------  -------------------------------------- 
 Lezmin 2026 CC                          Kyalami Estate Homeowners Association 
  Micawber 264 (Pty) Limited              (Pty) Limited 
  Moyeng Energy (Pty) Limited 
  Nervada Trading 2 (Pty) Limited 
  Rheboksfontein Wind Power (RF) (Pty) 
  Limited 
  Stand 82 Kyalami Estates CC 
--------------------------------------  --------------------------------------

AUTHORISED BY:

David Brown

Chairman

For more information contact:

 
                                                                 +27 11 575 
 David Brown        Chairman              Coal of Africa          4363 
                    Chief Executive                              +27 11 575 
 John Wallington     Officer              Coal of Africa          4363 
                                                                 +27 11 575 
 Sakhile Ndlovu     Investor Relations    Coal of Africa          6858 
                                          Endeavour Corporate    +61 08 9316 
 Tony Bevan         Company Secretary      Services               9100

Company advisors:

 
 Jos Simson/Emily          Financial PR (United                            +44 20 7920 
  Fenton                    Kingdom)               Tavistock                3150 
                                                   Investec Bank           +44 20 7597 
 Chris Sim/Neil Elliot     Nominated Adviser        plc                     5970 
 Charmane Russell/James    Financial PR (South     Russell & Associates    +27 11 880 
  Duncan                    Africa)                                         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, including CoAL's Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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