Director Share Purchases

ANNOUNCEMENT 2 September 2013

Director Share Purchases

Coal of Africa Limited (the "Company") advises that it was informed on 31 August 2013, that on 30 August 2013, 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, the Executive Chairman of the Company acquired 120,000 shares at an average of price of 1.26 Rand (7.86 pence). Following this acquisition Mr Brown is now the beneficial owner of 150,000 shares representing 0.01% of the Company's issued share capital.

Michael Meeser, an Executive Director and Chief Financial Officer of the Company acquired 200,000 shares at an average of price of 1.25 Rand (7.8 pence). Following this acquisition Mr Meeser is now the beneficial owner of 200,000 shares representing 0.02% of the Company's issued share capital.

For more information contact:

Company advisors:

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).