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Issue of Equity

19th Dec 2007 07:00

Coal of Africa Limited19 December 2007 Coal of Africa Limited Exercise of options Coal of Africa Limited ('CoAL' or 'the Company') announces that Mirabaud Limitedhave exercised 590,063 options into new ordinary shares of 1p each ('OrdinaryShares') in CoAL at a subscription price of 34p per share in accordance with theterms of the option agreement dated 28 May 2007. Application will be made for the 590,063 new Ordinary Shares to be admitted totrading on AIM. The Company's Total Voting Capital following the admission of the new OrdinaryShares will be 297,429,472 Ordinary Shares. For further information please contact: Blair Sergeant Coal of Africa Limited Tel: 61 (0) 9481 1341 Romil Patel Blue Oar Securities Plc Tel: 020 7448 4400 This information is provided by RNS The company news service from the London Stock Exchange

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