Yancoal Australia Ltd — Capital/Financing Update 2021

Oct 29, 2021

Australian Securities Exchange, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Yancoal Australia Ltd ACN 111 859 119 兗煤澳大利亞有限公司 *****

(Incorporated in Victoria, Australia with limited liability) (Hong Kong stock code: 3668) (Australian stock code: YAL)

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Please refer to the attached announcement which has been published by Yancoal Australia Ltd on the website of the Australian Securities Exchange on 29 October 2021.

By order of the Board Yancoal Australia Ltd Baocai ZHANG

Chairman

Hong Kong, 29 October 2021

As of the date of this announcement, the executive Director is Mr. Ning Zhang, the nonexecutive Directors are Mr. Baocai Zhang, Mr. Cunliang Lai, Mr. Xiangqian Wu, Mr. Qingchun Zhao and Mr. Xing Feng and the independent non-executive Directors are Mr. Gregory James Fletcher, Dr. Geoffrey William Raby, and Ms. Helen Jane Gillies.

*For identification purposes only

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YANCOAL AUSTRALIA LTD ADDRESS: Level 18, Tower 2, 201 Sussex Street, Sydney NSW 2000 PHONE: 61 2 8583 5300 FAX: 61 2 8583 5399 WEBSITE: www.yancoalaustralia.com.au

29 October 2021

ASX Release:

Yancoal early debt repayment of US$500 million

Yancoal Australia Ltd (ASX: YAL, HKEx: 3668) (“Yancoal”) made US$500 million debt prepayment from available cash on 29 October 2021. The prepayment consists of payment toward Yancoal’s Syndicated Facility and its unsecured related-party loans. The prepayments deliver an approximate US$82 million reduction in total finance cost over the loan periods.

Yancoal CEO, David Moult, said, “Yancoal’s decision to undertake an early debt repayment was made possible by our ongoing focus on low-cost production and the recent record coal prices.

Yancoal’s scale of production provides substantial cash inflows during periods of elevated coal prices. As coal price strength persists, Yancoal will continue to evaluate how to balance the allocation of its financial resources, including through further early debt repayments.”

Authorised for lodgement by the Yancoal Disclosure Committee Investor Relations Contact: Brendan Fitzpatrick, GM Investor Relations Email: Brendan.Fitzpatrick@yancoal.com.au

Additional information about the company is available at www.yancoal.com.au

YANCOAL AUSTRALIA LTD – ASX RELEASE |1