TERRACOM LIMITED — Capital/Financing Update 2014

Jan 9, 2014

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Guildford Coal Limited Level 7, 490 Upper Edward Street Spring Hill QLD 4000 Telephone: 07 3005 1533 www.guildfordcoal.com.au

10 January 2014

ASX ANNOUNCEMENT

OCP Asia Financing Facility Completion

Guildford Coal Limited (ASX: GUF) (the Company) is pleased to announce the completion of OCP Asia Financing Facility, and confirm receipt of funding by the Company of US$10,000,000 in exchange for the issuance of Convertible Notes, the receipt by the Company of US$55,000,000 in exchange for the issuance of Amortising Notes, and the issuance by the Company of Detachable Warrants for an amount equal to 18.5% of the Amortising.

As announced to the market on 2 January 2014 the proceeds from the issue of the Convertible Notes, Amortising Notes and associated Detachable Warrants will be used to repay existing indebtedness of the Company to OCP Asia and be used for working capital purposes in relation to the Company’s Mongolian assets.

For further information please contact Peter Kane, Group Managing Director, 07 3005 1533.

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Peter Kane Group Managing Director

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