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                                                                8 November 2023

                                      ISSUE OF EQUITY

Further to the announcement made on 27 October 2023, MC Mining Limited (MC Mining or
the Company) confirms the issue of the balance of equity to a number of senior employees,
under the terms of the Company’s shareholder approved Performance Rights Scheme.

The Company has now received the necessary South African Reserve Bank approval in respect
of the issue of 1,164,240 new Ordinary Shares to certain members of the Company’s
management team (the Management Shares). These shares have been issued on satisfaction
of the vesting conditions for performance rights granted to certain members of the
Company’s management team in November 2020.

Application has been made for the 1,164,240 Management Shares to be admitted to trading
on the ASX, AIM and JSE markets (Admission). Admission on AIM is expected to become
effective at 8.00 a.m. on or around 14 November 2023, and the shares will rank pari passu
with the Company's existing Ordinary Shares.

On Admission, MC Mining’s issued share capital shall comprise 407,890,744 Ordinary Shares.
This figure may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under the ASX Listing Rules and
the FCA’s Disclosure Guidance and Transparency Rules.

Certain of the Management Shares have been issued to the following non-Board persons
discharging managerial responsibilities (PDMRs):

                              PDMR                     New Ordinary Shares

                              Stephen Rowse                    121,559

                              Florence Duval                   255,101



The notification below, made in accordance with the requirements of the UK Market Abuse
Regulation, provides further detail regarding the transactions.

This announcement has been approved by the Company’s Disclosure Committee.

For more information contact:


 Tony Bevan                  Company Secretary      Endeavour Corporate              +61 8 9316 9100
                                                    Services

 Richard Johnson / Rob       Nominated Adviser      Strand Hanson Limited            +44 20 7409 3494
 Patrick

 Rory Scott                  Broker (AIM)           Tennyson Securities              +44 20 7186 9031

 Marion Brower               Financial PR (SA)      R&A Strategic                    +27 11 880 3924
                                                          Communications

 BSM Sponsors Proprietary Limited is the nominated JSE Sponsor


About MC Mining
MC Mining is an AIM/ASX/JSE-listed coal exploration, development and mining company operating in South
Africa. MC Mining’s key projects include the Uitkomst Colliery (metallurgical and thermal coal), Makhado Project
(hard coking coal), Vele Colliery (semi-soft coking and thermal coal), and the Greater Soutpansberg Projects
(coking and thermal coal).
1.   Details of the person discharging managerial responsibilities / person closely associated

a)   Name                                               1.     Stephen Rowse
                                                        2.     Florence Duval

2.   Reason for the Notification

a)   Position/status                                    1.     PDMR (non-Board)
                                                        2.     PDMR (non-Board)

b)   Initial notification/amendment               Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   Name                                         MC Mining Limited

b)   LEI                                          213800G6YDVUTU9NEP37

4.   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction;
     (iii) each date; and (iv)each place where transactions have been conducted

a)   Description of the Financial instrument,     Ordinary Shares
     type of instrument

     Identification code                          AU000000MCM9

b)   Nature of the Transaction                    Issue of vested Performance Rights shares

c)   Price(s) and volume(s)                         Price(s)                         Volume(s)


                                                    -                                121,559

                                                    -                                255,101


d)   Aggregated information                       N/A (Single transaction)

     Aggregated volume Price

e)   Date of the transaction                      8 November 2023

f)   Place of the transaction                     Outside of a trading venue