Acquring an additional 3.75% stake in Moolarben

• Yancoal subsidiary to purchase 3.75% interest in Moolarben Joint Venture
• A$110.5 million cash consideration, including upfront and deferred payments
• Increases Yancoal's economic interest in Moolarben from 95% to 98.75%

Yancoal Australia Ltd, through its wholly owned subsidiary Moolarben Coal Mines Pty Ltd, has entered into a binding agreement to purchase an additional 3.75% interest in the Moolarben Joint Venture (MJV) from three joint venture participants for A$110.5 million. The three joint venture participants had agreed to sell their interest to a third party, giving Yancoal the ability to exercise its pre-emptive rights to acquire the interest on similar terms. The A$110.5 million cash consideration is payable as a A$25 million cash payment on completion, with the remaining A$85.5 million paid in coal price-linked quarterly instalments over a period of five years. The transaction will be funded through Yancoal's cash holdings and future operating cash flows. Subject to completion, the effective date of the economic interest will be 1 January 2025. The acquisition is subject to the receipt of various government approvals and third-party consents and waivers.