Resignation of Managing Director & 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 24 June 2024 RESIGNATION OF MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER MC Mining Limited (MC Mining or the Company) announces that Godfrey Gomwe will step down as Managing Director & Chief Executive Officer (MD & CEO), effective close of business on 30 June 2024. Godfrey joined MC Mining in April 2022 as a Non-Executive Director and was subsequently appointed as MD & CEO later in the same month. During Mr Gomwe's tenure, MC Mining carried out a Rights Issue which was completed in November 2022. The Rights Issue facilitated the enhancement and progression of the studies required to construct the shovel ready Makhado hard coking steelmaking coal project (Makhado) and the formulation of the detailed Makhado life of mine and Implementation plans. The increase in the Reserves and hard coking steelmaking coal yields reported in the plan added significant value to the project. Mr Gomwe leaves the Company following the successful off market offer by Goldway Capital Investment Limited (Goldway) in April 2024 which resulted in Goldway and its consortium members holding in excess of 93% of the issued ordinary shares of the Company. This process resulted in the vesting of Mr Gomwe's 8,000,000 options which can be exercised on or before 27 April 2027. Mathews Senosi, MC Mining's Interim Chairman, said: "On behalf of the Board I would like to thank Mr Gomwe for his significant contributions as Managing Director & Chief Executive Officer. The Company now has a foundation that positions it to finalise the fund raising required to develop our flagship Makhado steelmaking hard coking coal project." An Appendix 3Z (Director's Final Interest Notice) for Mr Gomwe will be released separately and the Company is planning to release an update on the MD & CEO position shortly. Mathews Senosi Interim Chairman This announcement has been approved by the Company's Disclosure Committee. For more information contact: Bill Pavlovski Company Vision Corporate (Pty) bill.pavlovski@mcmining.co.za Secretary Ltd Company advisers: Marion Brower Financial PR R&A Strategic +27 11 880 3924 (South Africa) Communications BSM Sponsors Proprietary Limited is the nominated JSE Sponsor About MC Mining Limited: MC Mining is an 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 (steelmaking hard coking coal), Vele Colliery (steelmaking semi-soft coking and thermal coal), and the Greater Soutpansberg Projects (steelmaking coking and thermal coal). Date: 24-06-2024 10:20:00 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.