MC MINING LIMITED - Receipt of second supplementary Bidder's Statement relating to off-market takeover bid - Do Not Accept

Receipt of second supplementary Bidder's Statement relating to off-market takeover bid - Do Not Accept

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

14 March 2024                                                                                   

RECEIPT OF SECOND SUPPLEMENTARY BIDDER'S STATEMENT RELATING TO OFF-MARKET TAKEOVER BID - DO NOT ACCEPT
               
MC Mining Limited (ASX: MCM) (Company) advises that it has received a copy of the Second
Supplementary Bidder's Statement dated 14 March 2024 issued by Goldway Capital Investment
Limited (Goldway) in relation to the A$0.16 cash per share off-market takeover bid by Goldway
(Takeover Offer).

The Independent Board Committee (IBC) is reviewing the contents of the Second Supplementary
Bidder's Statement and will provide a formal response in due course.

Shareholders are reminded that the Takeover Offer remains open until 7pm (Sydney time) on Friday
5 April 2024 and that there is no need to do anything until you receive the Supplementary Target's
Statement and accompanying Independent Expert's Report, which will be released on or before
Monday, 18 March 2024.

Should you have any queries regarding the Takeover Offer, please contact either Tony Bevan, the
Company Secretary, on tonyb@westozcorporate.com.au or call the Target Shareholder Line on +61
461 444 038 between 9.00am and 7.00pm (Sydney time) on Business Days (if calling from within
Australia) and prior to 1pm (Johannesburg time) and 11am (London time).

The IBC look forward to your continuing support as we respond to the Takeover Offer.

Khomotso Mosehla
Chairman of the IBC

The information contained within this announcement is deemed by the Company to constitute inside information as
stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue
of the European Union (Withdrawal) Act 2018, as amended.

This announcement has been approved for release by the Company's Disclosure Committee.

For more information contact:
Tony Bevan              Company Secretary                   Endeavour Corporate Services       +61 42 1072 165
Company advisers:
Richard Johnson /       Nominated Adviser                   Strand Hanson Limited              +44 20 7409 3494
Rob Patrick
Rory Scott              Broker (AIM)                        Tennyson Securities                +44 20 7186 9031
Marion Brower           Financial PR (South Africa)         R&A Strategic Communications       +27 11 880 3924

BSM Sponsors Proprietary 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).

Date: 14-03-2024 11:06:00
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