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 JSE ANNOUNCEMENT 4 October 2022 RIGHTS ISSUE FINALISATION ON THE JSE Eligible Shareholders in South Arica are referred to the launch announcement released on the Stock Exchange News Service (SENS) on the JSE Limited (JSE) on Tuesday, 27 September 2022, relating to a fully underwritten A$40 million (ZAR472 million) renounceable rights issue. Eligible Shareholders in South Arica are advised that the salient dates and times for the Rights Issue announced in the launch announcement have not changed and the rights issue will be implemented accordingly. Excess Applications Eligible Shareholders can choose to take up all, part or none of their Rights. The Rights Issue will also include a shortfall facility under which Eligible Shareholders who take up all of their Rights may also apply for New Shares in excess of their pro rata entitlement. The New Shares as part of the excess applications, will be issued on the JSE Tuesday, 8 November 2022. Letters of Allocation ISIN number The share code for the Letters of Allocation that trade on the JSE will be MCZN and ISIN number AU0000242554. Note on the Rights Issue Announcement Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the Offer Booklet, which is available at www.mcmining.co.za. MC Mining Limited is incorporated and registered in Australia Registration number ABN 008 905 388 ISIN AU000000MCM9 JSE share code: MCZ ASX/AIM code: MCM Godfrey Gomwe Managing Director and Chief Executive Officer This announcement has been approved by the Company’s Disclosure Committee For more information contact: Tony Bevan Company Secretary Endeavour Corporate Services +61 08 9316 9100 Marion Brower Financial PR (SA) R&A Strategic Communications +27 11 880 3924 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. 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). 2