Ann: Application for quotation of securities - BCB, page-3

This announcement relates to the issue of additional shares from the last capital raise - as approved by shareholders at the AGM last week. The CR was oversubscribed and mgmt considered it prudent to raise a bit more capital than planned, if available. Coal prices are holding up nicely and production ramp-up is now making good progress after a few initial delays. BCB is activating 3 mines in the course of a year, an ambitious undertaking. If prices are holding up (looks like it), company will be self-funded very soon.