Ncondezi Coal Company Limited No 1 le Truchot St Peter Port Guernsey Channel Islands GY1 3JX

Tel: +44 (0) 1481 810102, Fax: +44 (0) 1481 810120

January 18th, 2012

NCONDEZI COAL COMPANY LTD ("Ncondezi" or the "Company") Ncondezi to partner with Rio Tinto Coal Mozambique in new study for an integrated transport corridor development in Mozambique

Ncondezi Coal Company Limited (AIM: NCCL), a coal exploration and development company with coal assets in the Tete Province in Mozambique, announces the signing of a new rail and port infrastructure agreement as part of the Company's strategy to export coal from its Ncondezi Project.

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