WHITEHAVEN COAL LIMITED — Major Shareholding Notification 2021

Feb 28, 2021

Corporations Act 2001 Section 671B

Form 604

Notice of change of interests of substantial holder

To Company Name/Scheme Whitehaven Coal Limited Level 28, 259 George Street Sydney NSW 2000

ACN/ARSN

ACN 124 425 396

1. Details of substantial holder (1)

Name

Lazard Asset Management Pacific Co

ACN/ARSN (if applicable) ACN 064 523 619

There was a change in the interests of the substantial holder on 25/02/2021 The previous notice was given to the company on 24/09/2020 The previous notice was dated 24/09/2020

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	Previous notice	Present notice	Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Ordinary	112,815,816	11.00%	103,000,141	9.97%

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 changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
See Annexure B

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
See Annexure C

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:

Name and ACN/ARSN (if applicable)	Nature of association
See Annexure A	Related bodies corporate

6. Addresses

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

Name	Address
Lazard Asset Management Pacific Co and its associates listed in Annexure A	Level 39, Gateway 1 Macquarie Place SYDNEY NSW 2000

Signature

print name sign here	Apnavi Saddington capacityCompany Secretary
	date 1 March 2021

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of ‘associate’ in section 9 of the Corporations Act 2001.

• (3) See the definition of ‘relevant interest’ in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of ‘relevant agreement’ in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write ‘unknown’.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure ‘A’

This is Annexure A of 1 page referred to in Form 604 Notice of change of interests of substantial holder signed by me and dated 1 March 2021.

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Apnavi Saddington Company Secretary

1 March 2021 Dated

Associates of Lazard Asset Management Pacific Co. ACN 064 523 619

Lazard Ltd Lazard Group LLC Lazard Frères & Co LLC Lazard Asset Management LLC Lazard Brothers & Co., Ltd. Lazard Asset Management (Canada), Inc. Lazard Pension Management, Inc Lazard Asset Management Limited, London Lazard Japan Asset Management KK Deutsche Lazard Asset Management Holding GmbH Lazard Asset Management (Deutschland) GmbH Lazard Funds Marketing GmbH, Frankfurt Lazard Alternatives LLC Lazard Investment Funds Limited, Dublin Lazard Fund Managers (Ireland) Limited Lazard Fund Managers Limited, London Lazard Debt Recovery Management LLC LAMP Administration Pty Ltd Lazard Pty Ltd Lazard Asset Management (Hong Kong) Limited Lazard Korea Asset Management Co. Ltd Lazard Asset Management Securities LLC Lazard Asset Management (Singapore) Pte Ltd Lazard Asset Management Schweiz AG Lazard Gulf Limited

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Annexure ‘B’

This is Annexure B of 2 pages referred to in Form 604, Notice of change of interests of substantial holder, signed by me and dated 1 March 2021.

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Apnavi Saddington 1 March 2021 Company Secretary Dated

Lazard Asset Management Pacific Co ACN: 064 523 619

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Form 604

Annexure B - Changes in relevant interests

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Consideration
Class and number of
Date of change Person whose relevent interest changed Nature of change given in relation to change securities affected Person's votes affected
AUD (All ordinary securities)
Lazard Asset Management Pacific Co and its associates
28-9-2020 listed in Annexure A Sell $227,643.69 221,627 221,627
Lazard Asset Management Pacific Co and its associates
28-10-2020 listed in Annexure A Sell $486,224.92 503,399 503,399
Lazard Asset Management Pacific Co and its associates
29-10-2020 listed in Annexure A Buy $1,644,648.78 1,611,901 1,611,901
Lazard Asset Management Pacific Co and its associates
9-11-2020 listed in Annexure A Buy $1,208,621.88 1,120,098 1,120,098
Lazard Asset Management Pacific Co and its associates
11-11-2020 listed in Annexure A Buy $593,765.30 496,038 496,038
Lazard Asset Management Pacific Co and its associates
13-11-2020 listed in Annexure A Sell $498,199.62 433,811 433,811
Lazard Asset Management Pacific Co and its associates
17-11-2020 listed in Annexure A Sell $64,071.15 52,419 52,419
Lazard Asset Management Pacific Co and its associates
18-11-2020 listed in Annexure A Buy $1,049,231.83 765,441 765,441
Lazard Asset Management Pacific Co and its associates
19-11-2020 listed in Annexure A Sell $906,941.82 695,322 695,322
Lazard Asset Management Pacific Co and its associates
20-11-2020 listed in Annexure A Sell $2,691,619.33 2,073,663 2,073,663
Lazard Asset Management Pacific Co and its associates
23-11-2020 listed in Annexure A Buy $615,236.00 474,118 474,118
Lazard Asset Management Pacific Co and its associates
25-11-2020 listed in Annexure A Sell $6,327,139.76 4,074,727 4,074,727
Lazard Asset Management Pacific Co and its associates
26-11-2020 listed in Annexure A Sell $13,279.85 8,602 8,602
Lazard Asset Management Pacific Co and its associates
30-11-2020 listed in Annexure A Sell $1,679,969.88 1,242,932 1,242,932
Lazard Asset Management Pacific Co and its associates
1-12-2020 listed in Annexure A Buy $1,627,637.17 1,226,726 1,226,726
Lazard Asset Management Pacific Co and its associates
4-12-2020 listed in Annexure A Sell $702,029.16 449,476 449,476
Lazard Asset Management Pacific Co and its associates
7-12-2020 listed in Annexure A Sell $2,603,668.31 1,550,106 1,550,106
Lazard Asset Management Pacific Co and its associates
9-12-2020 listed in Annexure A Sell $700,862.47 438,117 438,117
Lazard Asset Management Pacific Co and its associates
15-12-2020 listed in Annexure A Sell $5,857.17 3,849 3,849
Lazard Asset Management Pacific Co and its associates
17-12-2020 listed in Annexure A Buy $3,201,170.12 1,951,933 1,951,933
Lazard Asset Management Pacific Co and its associates
17-12-2020 listed in Annexure A Sell $1,157,710.47 731,635 731,635
Lazard Asset Management Pacific Co and its associates
24-12-2020 listed in Annexure A Sell $1,123,337.27 678,379 678,379
Lazard Asset Management Pacific Co and its associates
5-1-2021 listed in Annexure A Sell $451,367.25 275,569 275,569
Lazard Asset Management Pacific Co and its associates
8-1-2021 listed in Annexure A Sell $1,504,693.30 948,970 948,970
Lazard Asset Management Pacific Co and its associates
12-1-2021 listed in Annexure A Sell $378,231.47 234,336 234,336
Lazard Asset Management Pacific Co and its associates
14-1-2021 listed in Annexure A Sell $1,110,156.33 616,427 616,427
Lazard Asset Management Pacific Co and its associates
18-1-2021 listed in Annexure A Sell $1,035,067.86 594,975 594,975
Lazard Asset Management Pacific Co and its associates
8-2-2021 listed in Annexure A Sell $385,753.23 257,882 257,882
Lazard Asset Management Pacific Co and its associates
16-2-2021 listed in Annexure A Sell $6,177.21 3,924 3,924
Lazard Asset Management Pacific Co and its associates
17-2-2021 listed in Annexure A Sell $530,603.40 367,816 367,816
Lazard Asset Management Pacific Co and its associates
18-2-2021 listed in Annexure A Sell $396,870.34 258,038 258,038
Lazard Asset Management Pacific Co and its associates
23-2-2021 listed in Annexure A Buy $660,028.38 409,497 409,497
Lazard Asset Management Pacific Co and its associates
25-2-2021 listed in Annexure A Sell $1,829,799.79 1,155,426 1,155,426
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Annexure ‘C’

This is Annexure C of 2 pages referred to in Form 604, Notice of change of interests of substantial holder, signed by me and dated 1 March 2021.

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Apnavi Saddington 1 March 2021 Company Secretary Dated

Lazard Asset Management Pacific Co ACN: 064 523 619

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Form 604

Annexure C - Present Relevant Interests

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Holder of relevant interest Registered holder of Person entitled to be Nature of relevant interest (6) Class and number of Person's votes
securities registered as holder (8) securities
Lazard Asset Management Pacific Co and The Bank of New York The Current Registered Registered holder & taken Ordinary – 43,787,199 Ordinary – 43,787,199
each of its associates listed in Annexure A Mellon Holder to have a relevant interest
under section 608 (1)
Lazard Asset Management Pacific Co and Citibank The Current Registered Registered holder & taken Ordinary – 22,584,488 Ordinary – 22,584,488
each of its associates listed in Annexure A Holder to have a relevant interest
under section 608 (1)
Lazard Asset Management Pacific Co and State Street The Current Registered Registered holder & taken Ordinary – 14,833,212 Ordinary – 14,833,212
each of its associates listed in Annexure A Holder to have a relevant interest
under section 608 (1)
Lazard Asset Management Pacific Co and BNP Paribas Ltd The Current Registered Registered holder & taken Ordinary – 1,041,376 Ordinary – 1,041,376
each of its associates listed in Annexure A Holder to have a relevant interest
under section 608 (1)
Lazard Asset Management Pacific Co and Citibank The Current Registered Registered holder & taken Ordinary – 4,114,484 Ordinary – 4,114,484
each of its associates listed in Annexure A Holder to have a relevant interest
under section 608 (1)
Lazard Asset Management Pacific Co and State Street The Current Registered Registered holder & taken Ordinary – 2,509,493 Ordinary – 2,509,493
each of its associates listed in Annexure A Holder to have a relevant interest
under section 608 (1)
Lazard Asset Management Pacific Co and State Street The Current Registered Registered holder & taken Ordinary – 8,130,904 Ordinary – 8,130,904
each of its associates listed in Annexure A Holder to have a relevant interest
under section 608 (1)
Lazard Asset Management Pacific Co and State Street The Current Registered Registered holder & taken Ordinary – 220,286 Ordinary – 220,286
each of its associates listed in Annexure A Holder to have a relevant interest
under section 608 (1)
Lazard Asset Management Pacific Co and JP Morgan Chase Ltd The Current Registered Registered holder & taken Ordinary – 5,778,699 Ordinary – 5,778,699
each of its associates listed in Annexure A Holder to have a relevant interest
under section 608 (1)
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