MC MINING LIMITED — Director's Dealing 2011

Jun 28, 2011

ANNOUNCEMENT

29 JUNE 2011

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DIRECTOR’S CHANGE OF INTEREST

Please find attached an Appendix 3Y “Change of Director’s Interest Notice” provided on behalf of Mr Simon Farrell. Mr Farrell has advised the Company this sale of shares was undertaken to provide funds to assist with the purchase of a residence in London.

AUTHORISED BY:

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Shannon Coates

Company Secretary

For more information contact

John Wallington Chief Executive Officer Coal of Africa +27 11 575 7423 Wayne Koonin Financial Director Coal of Africa +27 11 575 6797 Chris Sim / Romil Patel / Jeremy Ellis Nominated Adviser Evolution Securities +44 20 7071 4300 Yvette Labuschagne / Annerie Btiz/ JSE Sponsor Macquarie +27 11 583 2000 Melanie de Nysschen Jos Simson / Emily Fenton Financial PR Tavistock +44 207 920 3150

www.coalofafrica.com

About CoAL:

CoAL is an AIM/ASX/JSE listed coal mining and development company operating in South Africa. CoAL’s key projects include the Woestalleen Colliery, the Mooiplaats thermal coal mine, the Vele coking coal project and the Makhado coking coal project.

The Mooiplaats thermal coal mine commenced production in 2008 and is currently ramping up to produce 2 million tonnes per annum (“mtpa”). CoAL’s Makhado coking coal project is expected to start production in 2013 and timing for Vele to reach production is still to be confirmed. These operations are targeted to collectively produce an initial 2mtpa ramping up to a combined annual output of 10mtpa of coking coal.

In 2010, CoAL completed the ZAR467 million acquisition of NuCoal Mining (Pty) Limited (“NuCoal”), a thermal coal producer with assets in South Africa in close proximity to CoAL’s Mooiplaats mine. NuCoal owns the Woestalleen Colliery, which has a number of off-take contracts in place and processes approximately 2.5mtpa of saleable coal for domestic and export markets. NuCoal also owns two beneficiation plants, one fully operational Zonnebloem mine producing approximately 300kt per month of ROM coal and has recently commenced production at a Hartogshoop mine.

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Introduced 30/9/2001.
Name of entity	Coal of Africa Limited
ABN	98 088 905 388

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Simon James Farrell
Date of last notice	8 December 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Newcove International Inc.Mr Farrell is a director and shareholder ofNewcove International Inc.
Date of change	22-28 June 2011
No. of securities held prior to change	Direct interest4,000,000 options exercisable at 50 cents each onor before 30 September 2011.5,000,000 options exercisable at $1.25 each on orbefore 30 September 2012.3,000,000 options exercisable at $2.74 each on orbefore 30 November 2014.Indirect interest3,271,791 fully paid ordinary shares.**Shares are held by Newcove International Inc.ofwhich Mr Farrell is a directorand shareholder.
Class	Shares
Number acquired	Nil
Number disposed	400,000

• See chapter 19 for defined terms.

30/9/2001

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	73 cents each
No. of securities held after change	Direct interest4,000,000 options exercisable at 50 cents each onor before 30 September 2011.5,000,000 options exercisable at $1.25 each on orbefore 30 September 2012.3,000,000 options exercisable at $2.74 each on orbefore 30 November 2014.Indirect interest2,871,791 fully paid ordinary shares.**Shares are held by Newcove International Inc,ofwhich Mr Farrell is a directorand shareholder.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back	On market trade.

Part 2 – Change of director’s interests in contracts

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

30/9/2001

Appendix 3Y Page 3