Appointment of Interim Chief Executive Officer 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 22 February 2021 APPOINTMENT OF INTERIM CHIEF EXECUTIVE OFFICER MC Mining Limited (“MC Mining” or the “Company”) announces that, further to its announcement of 12 February 2021, Brenda Berlin has resigned as Acting Chief Executive Officer (“CEO”) and Executive Director. The search for a replacement CEO is at an advanced stage and Non-Executive Director Sam Randazzo, the Chairman of the Company’s Audit & Risk Committee, has been appointed as Interim CEO. The material terms agreed with regards to Ms Berlin’s resignation as well as Mr Randazzo’s interim employment agreement are noted in Annexure A. An Appendix 3Z (Director’s Final Interest Notice) for Ms Berlin will be released separately. Authorised by Tony Bevan Company Secretary This announcement has been approved by the Company’s Disclosure Committee. For more information contact: Tony Bevan Company Secretary Endeavour Corporate +61 08 9316 9100 Services Company advisors: James Harris / James Dance Nominated Adviser Strand Hanson Limited +44 20 7409 3494 Rory Scott Broker (AIM) Tennyson Securities +44 20 7186 9031 James Duncan Financial PR (South Africa) R&A Strategic +27 11 880 3924 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. 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). Annexure A All amounts are in South African Rand unless otherwise stated. Brenda Berlin: Resignation Agreement • 12 February 2021 resignation date • No bonus is payable following Ms Berlin’s resignation • Cancellation of four months of the agreed six-month notice period • Performance Rights: Shareholders approved the granting of performance rights to Ms Berlin at the 2018 Annual General Meeting (“AGM”), 2019 AGM and the 2020 AGM. These rights were granted in terms of the Company’s Performance Rights Plan approved by shareholders at the 2018 AGM. All of Ms Berlin’s unvested performance rights will be cancelled, being: o 635,347 performance rights, being the balance of the rights granted in 2018; o 736,428 performance rights granted in 2019; and o 3,045,728 performance rights granted in 2020. Sam Randazzo: Appointment Agreement • Interim CEO commencement date of 15 February 2010 • Annual gross base remuneration (inclusive of superannuation) R5,724,500 • Annual bonus which is an amount of up to 100% of base remuneration, dependent on business performance and board approval • The employment contract is open-ended and does not include a notice period • Performance Rights: Mr Randazzo as CEO is eligible to be issued performance rights under the Company’s Performance Rights Plan. Any such issue would be subject to ongoing employment as CEO and shareholder approval. Date: 22-02-2021 05:13:00 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.