Universal Coal Plc provided earnings guidance and production for fiscal year of 2018. For the fiscal year, the company reported attributable EBITDA of AUD 48.5 million expected for fiscal year of 2018. Group EBITDA expected for fiscal year of 2018 is AUD 70 million ­ a 27% increase on the previous guidance AUD 55 million. Guidance is based on actual results year-to-date and internal assumptions for the international coal price, foreign exchange forecasts, prevailing contract prices and estimated costs for the June 2018 month. Strong production performance by the Kangala operation which exceeded the projected sales tonnes by approximately 150Kt for fiscal year of 2018. The new Clydesdale Colliery (NCC) achieving 14% more than projected sales tonnes for fiscal year of 2018. The NCC received approximately AUD 27 of revenue per export tonne more than in the projected forecast for the period January 2018 to June 2018. The increase in revenue contributed an additional AUD 12.2 million of revenue to the financial results for the last six months of the fiscal year of 2018. The company forecasts an overall total sales tonnage of 4.7Mt (attributable 2.9Mt) of product sold to market for the fiscal year of 2018. Operational costs remain in line with forecasts. The original EBITDA was enhanced by a AUD 2.6 million FX gain for fiscal year of 2018 due to the increase in ZAR:AUD exchange rate over the period January to June 2018. The very strong increase in EBITDA for Fiscal Year 2018 is due to: Strong production performance by the Kangala operation which exceeded the projected sales tonnes by approximately 150Kt for FY2018.

For the fiscal year of 2018, the company provided Kangala Colliery is expected to delivered more than 2.5Mt of product to Eskom for fiscal year of 2018. New Clydesdale Colliery exceeds the committed tonnes for fiscal year of 2018 by 14% and benefits by significant increase in API4 export price since July 2017.