30 September 2014Company Announcements OfficeAustralian Securities ExchangeLevel 6, 20 Bridge StreetSYDNEY NSW 2000Via E Lodgement FULLY UNDERWRITTEN NON RENOUNCEABLE ENTITLEMENT ISSUE SHORTFALLContinental Coal Limited (ASX:CCC; AIM:COOL)("Continental" or "the Company")refers to the previously announced fully underwritten non renounceableentitlement issue to raise $35,176,172 (before associated costs) by way of theissue of up to 7,035,234,408 new shares ("Entitlement Issue"). Shareholderswill be entitled to acquire 9 new shares ("New Shares") for every 1 existingCCC share held at the record date (being 4 September), at an offer price ofA$0.005 per new share.The Company advises that valid acceptances have been received from shareholdersto subscribe for New Shares to the value of $3,206,562 (641,312,422 New Shares)representing a take-up of approximately 10%.The resultant shortfall of shares to the value of $31,969,610 (6,393,921,986New Shares) will be placed by the Underwriter to the entitlement issue, inaccordance with the provisions of the Prospectus dated 28 August 2014.Allotment of the new shares is scheduled to be completed on or about Monday 6October 2014.Yours faithfullyPeter LandauExecutive DirectorFor further information please contact:Peter Landau Media (Australia)Continental Coal Limited David TaskerT:+ 61 8 9488 5220 Professional Public Relations T: +61 8 9388 0944Nominated Advisor BrokersOliver Morse/Trinity McIntyre Jonathan WilliamsRFC Ambrian Limited RFC Ambrian LtdT: +61 8 9480 2500 T : +44 203 440 6817About Continental Coal LimitedContinental Coal Limited (ASX:CCC/AIM: COOL) is a South African thermal coalproducer with a portfolio of projects located in South Africa's major coalfields including two operating mines, the Vlakvarkfontein and Penumbra CoalMines, producing approx. 2Mtpa of thermal coal for the export and domesticmarkets. A Feasibility Study was also completed on a proposed third mine, theDe Wittekrans Coal Project with a mining right granted in September 2013.Forward Looking StatementThis communication includes certain statements that may be deemed"forward-looking statements" and information. All statements in thiscommunication, other than statements of historical facts, that address futureproduction, reserve potential, exploration drilling, exploitation activitiesand events or developments that the Company expects to take place in the futureare forward-looking statements and information. Although the Company believesthe expectations expressed in such forward-looking statements and informationare based on reasonable assumptions, such statements are not guarantees offuture performance and actual results or developments may differ materiallyfrom those in the forward-looking statements and information. Factors thatcould cause actual results to differ materially from those in forward-lookingstatements include market prices, exploitation and exploration successes,drilling and development results, production rates and operating costs,continued availability of capital and financing and general economic, market orbusiness conditions. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developments may differmaterially from those stated. South Africa Australia T +27 11 881 1420 F +27 862064487 W T +61 8 9488 5220 F +61 8 9324 3400 W www.conticoal.com www.conticoal.com 9th Floor Fredman Towers, 13 Fredman Ground Floor, 1 Havelock Street, West Drive, Sandton 2196 Perth, WA 6005 PO Box 787646, Sandton 2146 PO Box 684, West Perth, WA 6872 Interim Executive Chairman: Dr Paul D'Sylva Interim Executive Director: Mr Peter Landau Non-Executive Directors: Mr Connie Molusi and Dr Lars Schernikau