Coal of Africa Limited COMPETITION COMMISSION APPROVAL (3214J)

TIDMCZA

RNS Number : 3214J

Coal of Africa Limited

17 December 2015

ANNOUNCEMENT 17 December 2015

COMPETITION COMMISSION APPROVES MERGER WITH UNIVERSAL COAL

Coal of Africa Limited ("CoAL" or the "Company") confirms that the South African Competition Commission has unconditionally approved CoAL's acquisition of Universal Coal plc ("Universal") pursuant to its intended offer for the entire issued and to be issued share capital of Universal (the "Offer") announced by CoAL on 26 November 2015..

David Brown, Chief Executive Officer of CoAL, commented: "The approval is a positive step towards successfully concluding the merger between CoAL and Universal."

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 
 De Wet Schutte      Officer              Coal of Africa          8000 
                                                                 +27 10 003 
 Celeste Riekert    Investor Relations    Coal of Africa          8000 
                                          Endeavour Corporate    +61 08 9316 
 Tony Bevan         Company Secretary      Services               9100

Company advisors:

 
 Jos Simson/Emily          Financial PR                        +44 20 
  Fenton                    (United Kingdom)    Tavistock       7920 3150 
 Matthew Armitt/Ross       Nominated Adviser    Peel Hunt      +44 20 
  Allister                  and Broker           LLP            7418 8900 
 Charmane Russell/Olwen    Financial PR         Russell &      +27 11 
  Auret                     (South Africa)       Associates     880 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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December 17, 2015 02:00 ET (07:00 GMT)

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