Ann: Executed Agreements on Revised Debt Facilities, page-2

Well, do we agree about survival now?
”BCB’s Chief Executive Officer, Mr Daryl Edwards, said:
“The execution of the revised debt agreements with our lenders provides the Company with debt
repayment headroom on the back of securing additional liquidity for the business during the
transition from Ellensfield South to Plumtree North. Plumtree North is planned to provide run-of-
mine coal for the next five years. The Burton operations are performing well with steady-state
production and ample stockpiles and we are grateful to our financiers for recognising this and
participating in the equity of the Company. The team has worked hard to achieve steady-state
operations at the Burton Complex and made great strides in addressing costs across the board.
Our focus remains on our ongoing cost reduction and performance improvement plan to drive
further savings in the face of recent coal price reductions.”