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-Coal of Africa - Financial Services Board finding

Coal of Africa Limited ('CoAL' or 'the Company') notes the judgement and fine lodged by the Financial Services Board ('FSB') against Mr Michiel Jakobus Bronn, Chief Operating Officer of the Company for the contravention of the Section 78 (1) (a) of the Financial Markets Act, 19 of 2012.

The Company has throughout ensured that all internal policies and governance processes were in place. The Company is in the process of reviewing the FSB findings, the details of which have been made public

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