Coal of Africa Limited Directorate Change (7968E)

TIDMCZA

RNS Number : 7968E

Coal of Africa Limited

13 February 2015

ANNOUNCEMENT 13 February 2015

Directorate Changes

Coal of Africa ("CoAL" or "the Company") announces Michael Meeser, Executive Director and Chief Financial Officer has resigned to pursue other interests. Mr Meeser will remain with the Company for a period of three months until the end of April 2015 to assist in the transition of responsibilities.

David Brown, CEO of CoAL commented: "On behalf of the board I would like to thank Michael for his pivotal role in the execution of the five point turnaround strategy. The last 18 months has been a crucial period for the repositioning of the Company and Michael has contributed to the sale of non-core assets, the finalisation of the short term loan obtained and the recent share placement. The Company has commenced the process for the appointment of a successor and will advise on developments in due course"

AUTHORISED BY:

David Brown

Chief Executive Officer

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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