Columbus Energy S.A.

Board/Management Information • Apr 11, 2016

Resignation of members of the Board of Directors and termination of domiciliation agreement

Current report no. 6/2016 Dated April 11, 2016

The Board of Directors of Coal Energy S.A. (the "Company") hereby informs that on April 11th , 2016 Mr. Jacob Mudde and Ms. Gwenaëlle Bernadette Andrée Dominique Cousin – Independent non-executive directors of class B resigned from the mentioned positions due to termination of current Domiciliation and Management Agreement.

The Company currently is undertaking all the necessary actions to appoint new domiciliation agent and appoint directors B and will duly inform the capital market participants about any developments and decisions regarding this matter

Signatures of individuals authorized to represent the Company: Elena Belousova

Legal grounds: Art.14 of the Luxembourg Law of 9 May 2006 on market abuse and Art. 56 of the Act of 29 July 2005 on the public offering, conditions governing the introduction of financial instruments to organised trading system and on public companies.