Coal of Africa Limited Directorate Change (5779Z)

TIDMCZA

RNS Number : 5779Z

Coal of Africa Limited

12 December 2014

ANNOUNCEMENT 12 December 2014

Coal of Africa Limited

Change in Non-executive Directors

Coal of Africa ("CoAL" or the "Company") is pleased to announce the appointment of Mr. Andrew Mifflin and Mr. Thabo Mosololi as new directors to the CoAL Board effective 12 December 2014. In addition Mr David Murray has resigned as a Director of the Company after serving as a member of the Board for four years.

Andrew David Mifflin (57) obtained his BSc. (Hons) Mining Engineering from Staffordshire University and has a Master's Degree in Business Administration. Andrew has over 30 years' experience specifically in the coal mining arena. His experience spans across various organisations such as British Coal Corporation, Xstrata and more recently GVK resources. He has gained in depth knowledge in coal operation, both thermal and hard coking coal as well as in project development.

Thabo Felix Mosololi (45) is a Chartered Accountant qualified in South Africa and brings considerable expertise as a director of various companies as well as from his time as Finance Director and Operations Director with Tsogo Sun. Thabo has 20 years of experience within the South African corporate environment and holds 10,000 CoAL shares in his personal capacity, representing 0.00077 per cent of the issued share capital of the Company.

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 for Messers Mifflin and Mosololi.

 
                                       Mr Mosololi - Directorships in 
 Mr Mosololi - Current Directorships    past five years 
 Vernecular Investment CC              First Uranium Ltd 
                                       Tsogo Sun Gaming(and subsidiaries) 
 Mosololi Family Trust                  (Pty) Ltd 
                                       Chebo-Pele Logistics Support 
 Mabuza Family Trust                    (Pty) Ltd 
 Market Theatre Foundation 
 Robben Island Museum 
 Javas-Tbos Properties (Pty) Ltd 
 Sunmart 005 Property Holding (Pty) 
  Ltd 
 4 Blueberry Fields Knysna (Pty) 
  Ltd 
 Kuncedzana Investment Holding (Pty) 
  Ltd 
 MTF Investment Holdings ((Pty) Ltd 
 Evraz Highvel Steel and Vanadium 
  Ltd 
 Edcon Holdings (Pty) Ltd 
 Vendiline(Pty) Ltd 
 Pamodzi Investment Holdings (Pty) 
  Ltd 
 Pan African Resources PLC 
  Vendiline 
                                      -----------------------------------

Bernard Pryor, Chairman, commented:

"I am delighted to welcome both Andrew and Thabo to our Board. They are two very experienced individuals both in coal operations and projects and the corporarte world in a South African context respectively. These experiences will be very important to CoAL as we move forward to our next phase of project development and improving shareholder value. We remain focused on ensuring that the Board provides timely advice and support and that we retain the correct suite of skills at each stage of the Company's evolution.

I also wish to warmly thank David Murray for his unstinting support to the Company and his insight and advice on the issues facing the Company in the past few years have been hugely valuable. We will miss his support and we wish him well."

For more information contact:

 
                   Chief Executive 
 David Brown        Officer              Coal of Africa         +27 10 003 8000 
                   Chief Financial 
 Michael Meeser     Officer              Coal of Africa         +27 10 003 8000 
 Celeste Harris    Investor Relations    Coal of Africa         +27 10 003 8000 
                                         Endeavour Corporate    +61 08 9316 
 Tony Bevan        Company Secretary      Services               9100

Company advisors:

 
                                  Financial PR (United                            +44 20 7920 
 Jos Simson/Emily Fenton           Kingdom)               Tavistock                3150 
 Chris Sim/George Price/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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