Updated Dealing Code/ Trading Policy 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 14 December 2018 UPDATED DEALING CODE/ TRADING POLICY MC Mining Limited (the “Company") advises that it has updated its policy relating to trading in its securities by key management personnel during prohibited periods (“Dealing Code”), incorporating European Market Abuse Regulation (Regulation (EU) No. 596/2014) governing AIM listed companies. A copy of this updated Dealing Code can be found on the Company’s website www.mcmining.co.za. AUTHORISED BY: Tony Bevan Company Secretary 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). Date: 14/12/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.