Coal of Africa Limited Director/PDMR Shareholding (1568C)

TIDMCZA

RNS Number : 1568C

Coal of Africa Limited

12 March 2014

Director Share Purchases

Coal of Africa Limited (the "Company") advises that it was informed on 12 March 2014, that David Brown and Michael Meeser, both Executive Directors of the Company purchased ordinary shares of no par value in the Company ("Ordinary Shares"). Further details are set out below:

David Brown, an Executive Director and the Chief Executive Officer of the Company acquired 100,000 shares at an average price of R0.9812 (5.41 pence) on 12 March 2014. Following this acquisition Mr Brown is now the beneficial owner of 250,000 shares representing 0.02% of the Company's issued share capital.

Michael Meeser, an Executive Director and Chief Financial Officer of the Company acquired 100,000 shares at an average of price of R0.9535 (5.26 pence) on 11 March 2014. Following this acquisition Mr Meeser is now the beneficial owner of 300,000 shares representing 0.03% of the Company's issued share capital.

For more information contact:

 
                   Chief Executive                              +27 10 003 
 David Brown        Officer              Coal of Africa          8000 
                   Chief Financial                              +27 10 003 
 Michael Meeser     Officer              Coal of Africa          8000 
                                                                +27 10 003 
 Celeste Harris    Investor Relations    Coal of Africa          8038 
                                         Endeavour Corporate    +61 8 9316 
 Tony Bevan        Company Secretary      Services               9100

Company advisors:

 
 Jos Simson/Emily         Financial PR (United                            +44 20 7920 
  Fenton                   Kingdom)               Tavistock                3150 
 Chris Sim/Jeremy                                 Investec Bank           +44 20 7597 
  Ellis                   Nominated Adviser        plc                     5970 
 Charmane Russell/Jane    Financial PR (South     Russell & Associates    +27 11 880 
  Kamau                    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 /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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