MC MINING LIMITED - Grant Of Performance Rights To Executive Director

Grant Of Performance Rights To Executive Director

 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                                                                          23 MAY 2018

GRANT OF PERFORMANCE RIGHTS TO EXECUTIVE DIRECTOR

MC Mining Limited (the “Company") confirms the award of 625,612 Performance Rights under the
Company’s Performance Rights Plan to executive director, David Brown, following the approval of
shareholders at the Annual General Meeting of Shareholders (“AGM”) on 24 November 2017.

As detailed in the notice of meeting for the AGM, the total Performance Rights issued have been
determined by dividing ZAR4,117,317 and ZAR1,212,750 (representing the value of the performance
rights granted for the 2017 financial year and the value of compensation for reduced revenue over a
four-year period without a salary increase, respectively) by the volume weighted average price of the
Shares of the Company over the 5 trading days prior to the approval date of the Performance Rights
(R0.43). The number of Performance Rights are then reduced in accordance with the 20 to 1
consolidation of securities that was also approved at the AGM.

The Performance Rights are granted as conditional awards over ordinary shares of no par value for no
consideration. The awards will vest on 24 November 2020 subject to the vesting conditions.

Current Shares and Performance Rights Held by Executive Directors:
In addition to the above Performance Rights Mr Brown holds 41,250 (post consolidation) ordinary
shares in the Company which represents 0.03% of the Company’s issued share capital. He also holds
485,702 and 562,747 Performance Rights issued in 2015 and 2016 which will vest on 1 December
2018 and 13 December 2019 respectively subject to the vesting conditions.

AUTHORISED BY:
Tony Bevan


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