Ncondezi Coal Company Limited

1st Floor, Royal Chambers

St. Julian's Avenue, St. Peter Port

Guernsey Channel Islands GY1 3JX

Tel: +44 (0) 1481 810102, Fax: +44 (0) 1481 810120

Ncondezi Coal Company Limited (the "Company") (Incorporated and registered in the British Virgin Islands with registered number 1019077) Results of Annual General Meeting 2013

26 July 2013: At the Company's AGM held earlier today, the following resolutions were passed:-

Ordinary Resolutions Resolution 1: to adopt the Company's financial statements and reports

VOTES FOR: 65,997,976
VOTES AGAINST: 0
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 2: to approve the Directors' Remuneration Report

VOTES FOR: 64,363,739
VOTES AGAINST: 1,634,237
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 3: to re-elect Director - Nigel Sutherland

VOTES FOR: 57,374,750
VOTES AGAINST: 8,623,226
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 4: to re-elect Director - Mark Trevan

VOTES FOR: 64,363,739
VOTES AGAINST: 1,634,237
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 5: to re-elect Director - Michael Haworth

VOTES FOR: 65,997,976
VOTES AGAINST: 0
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 6: to re-elect Director - Peter O'Connor

VOTES FOR: 65,997,976
VOTES AGAINST: 0
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Registered Office: 2nd Floor, Wickham's Cay II, P.O. Box 2221, Road Town, Tortola, British Virgin Islands

Registered Number: 1019077

Company Directors: Michael Haworth, Richard Stuart, Graham Mascall, Estevão Pale, Mark Trevan, Nigel Sutherland,

Christiaan Schutte, Peter O'Connor

Resolution 7: to re-elect Director - Christiaan Schutte

VOTES FOR: 65,997,976
VOTES AGAINST: 0
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 8: to re-elect Director - Paul Venter

VOTES FOR: 65,997,976
VOTES AGAINST: 0
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 9: to re-appoint the auditors

VOTES FOR: 65,997,976
VOTES AGAINST: 0
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 10: to authorise the Directors to agree the Auditors' remuneration

VOTES FOR: 65,997,976
VOTES AGAINST: 0
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 11: authority to Issue Shares

VOTES FOR: 64,048,425
VOTES AGAINST: 1,949,551
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

SPECIAL RESOLUTIONS Resolution 12: to disapply pre-emption Rights

VOTES FOR: 64,048,425
VOTES AGAINST: 1,949,551
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Resolution 13: to approve the Company's name change

VOTES FOR: 65,997,976
VOTES AGAINST: 0
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

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Resolution 14: to amend the Company's Articles of Association

VOTES FOR: 65,176,747
VOTES AGAINST: 821,229
VOTES WITHHELD: 0
RESULT: RESOLUTION PASSED

Enquiries:

For further information please visit www.ncondezicoal.comor contact:

Ncondezi Services (UK) Limited: Hanno Pengilly

Alex Buck

+44 (0) 20 7183 5402

Liberum Capital Limited:

NOMAD & Broker
Michael Rawlinson Chris Bowman Christopher Kololian
+44 (0) 20 3100 2000

finnCap:

Joint Broker
Matthew Robinson Elizabeth Johnson Joanna Weaving
+44 (0) 20 7220 0500

Pelham Bell Pottinger: Daniel Thöle

Weston Macklem
+44 (0) 20 7861 3232

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