WHITEHAVEN COAL LIMITED — Major Shareholding Notification 2020

Nov 10, 2020

Form 604 Corporations Act 2001
Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme		Whitehaven Coal Limited
ACN/ARSN	124 425 396
1. Details of substantial holder (1)
Name	Fritz Kundrun
ACN/ARSN (if applicable)
There was a change in the interests of the
substantial holder on		9/11/2020
The previous notice was given to the company on		17/10/2014
The previous notice was dated		17/10/2014

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares (fully paid)	124.042.252	$12.09\%$	82.042.252	7.94%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
16/09/2020	Fritz Kundrun	lOn market sale of shares by AMCI WH LLC	\$3,703,600	4,000,000 ordinary shares (fully paid)	4,000,000
17/09/2020	Fritz Kundrun	lOn market sale of shares by AMCI WH LLC	\$4,407,000	5,000,000 ordinary shares (fully paid)	5,000,000
9/11/2020	Fritz Kundrun	lOn market sale of shares by AMCI IWH LLC	\$34,725,900	33,000,000 ordinary shares (fully paid)	33.000.000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Fritz Kundrun	Ptv Ltd	Ptv Ltd	Fritz Kundrun is trustee of the Citicorp Nominees Citicorp Nominees Kundrun Family Trust, which is the 22,078,333 Ordinary 22,078,333 beneficial owner of the shares and shares (fully paid) controls the disposal of the shares

Fritz Kundrun	Citicorp Nominees Citicorp Nominees Pty Ltd	Pty Ltd	Fritz Kundrun holds greater than 20% of the voting power in AMCI WH LLC which is the beneficial owner of the shares and controls the disposal of the shares	44,170,596 Ordinary 44,170,596 shares (fully paid)
Fritz Kundrun	UBS Pty Ltd	Nominees UBS Nominees Pty Ltd	Fritz Kundrun controls Claudine K LLC, which is the beneficial owner of the shares and controls the disposal of the shares	12,739,698 Ordinary 12,739,698 shares (fully paid)
Fritz Kundrun	Citicorp Nominees Citicorp Nominees Pty Ltd	Pty Ltd	Fritz Kundrun controls 2009 Kundrun CRT Holdings LLC, which is the beneficial owner of the shares and controls the disposal of the shares	53,625 Ordinary shares (fully paid)	53,625
Fritz Kundrun	Pty Ltd	Pty Ltd	Fritz Kundrun is trustee of the FRK Citicorp Nominees Citicorp Nominees Revocable Trust, which is the beneficial owner of the shares and controls the disposal of the shares	3.000,000 Ordinary shares (fully paid)	3,000,000

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

(if ACN/ARSN Name and	Nature of association
N/A	IN/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Fritz Kundrun	C/- AMCI Investments Pty Ltd, Level 32 Gateway, 1 Macquarie Place, Sydney NSW 2000
AMCI WH LLC	C/- AMCI Investments Pty Ltd, Level 32 Gateway, 1 Macquarie Place, Sydney NSW 2000
Claudine K LLC	C/- AMCI Investments Pty Ltd, Level 32 Gateway, 1 Macquarie Place, Sydney NSW 2000
2009 Kundrun CRT Holdings LLC	C/- AMCI Investments Pty Ltd, Level 32 Gateway, 1 Macquarie Place, Sydney NSW 2000
Citicorp Nominees Pty Ltd	Level 16, 120 Collins Street, Melbourne, Victoria, Australia
UBS Nominees Pty Ltd	Level 16, 2 Chifley Tower, Sydney NSW 2000

Signature

print name	Brian Beem	capacity	Director - AMCI Investments Pty Ltd (filing on behalf of Fritz Kundrun)
	sign here Brian Beem	date	11 November 2020