MC MINING LIMITED - General Banking Facility

General Banking Facility

MC Mining Limited
Previously Coal of Africa Limited
(Incorporated and registered in
Australia)
Registration number ABN 008 905 388
ISIN AU000000MCM9
JSE share code: MCZ
ASX/AIM code: MCM

ANNOUNCEMENT                                           26 JUNE 2018

GENERAL BANKING FACILITY

MC Mining Limited (the “Company") is pleased to announce that it has
procured a R20 million (twenty million rand) general banking facility
(the “Facility”) for its 70% held subsidiary – Uitkomst Colliery (Pty)
Limited. The Facility is from Rand Merchant Bank (“RMB”), a division
of FirstRand Bank Limited.

The Facility is subject to a floating coupon at the South African
Prime rate (currently 10.0% per annum) less 0.5% and is a 12-month
facility, which will be reviewed annually by RMB.

David Brown, MC Mining’s Chief Executive Officer commented:
“The Company acquired its stake in Uitkomst on 30 June 2017 and it
has proven to be a highly profitable operation, with strong underlying
cash flows. Notwithstanding this, a general banking facility will
provide Uitkomst with flexibility to temporarily finance sustaining
capital to secure its production profile, should this be required.

The facility is a further milestone on the strategic journey the
Company has embarked on.”

AUTHORISED BY:

David Brown
Chief Executive Officer


For more information contact:
David Brown             Chief Executive       MC Mining Limited     +27 10 003 8000
                        Officer
Brenda Berlin           Chief Financial       MC Mining Limited     +27 10 003 8000
                        Officer
Tony Bevan              Company Secretary     Endeavour Corporate   +61 08 9316
                                              Services              9100
Company advisors:
Jos Simson/ Gareth      Financial PR         Tavistock              +44 20 7920
Tredway                 (United Kingdom)                            3150
Ross Allister/Richard   Nominated Adviser    Peel Hunt LLP          +44 20 7418
Crichton/James          and Broker                                  8900
Bavister
Charmane Russell/Olwen Financial PR          R&A Strategic          +27 11 880 3924
Auret                   (South Africa)       Communications

Investec Bank Limited is the nominated JSE   Sponsor

About MC Mining Limited:

MC Mining is an AIM/ASX/JSE listed coal exploration, development and mining company
operating in South Africa. MCM’s key projects include the Uitkomst Colliery
(metallurgical coal), Makhado Project (coking and thermal coal). Vele Colliery (coking
and thermal coal), and the Greater Soutpansberg Projects (MbeuYashu).

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