Communique | 9 July 2014

SHUMBA COAL RAISES USD2.2 MILLION FOR BOTSWANA COAL PROJECTS

Further to the announcement released on 17 June 2014 extending the closing date of the private
placement of new ordinary shares of no par value (“new Ordinary shares”) at USD0.12 each to
30 June 2014 (the “Private Placement”), the directors of Shumba Coal Limited (the
“Company”) are pleased to confirm that undertakings to subscribe for 18,572,482 new
Ordinary shares for a total subscription value of USD2,228,698, have been received from
private and institutional investors based in Mauritius. The 18,572,482 new Ordinary will be
issued on 16 July 2014 following which the total number of shares in issue will be
196,958,562.

These new Ordinary shares will be admitted for listing by the Botswana Stock Exchange
(“BSE”) and the Stock Exchange of Mauritius Limited (“SEM”) on or about 13 August 2014,
following completion of regulatory approval processes. The indicative private placement time
table remains as outlined in the announcement released on 17 June 2014.

International Financial Services Limited
Company Secretary

This 9th July 2014

This Communiqué is issued pursuant to Section 87 of the Securities Act 2005, Rule 5 of the
Securities (Disclosure Obligation of Reporting Issuers) Rules 2007 and DEM Rule 21.

The Board of Directors of the Company accepts full responsibility for the accuracy of the
information contained in this Communiqué.

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