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Yancoal Australia Ltd Capital/Financing Update 2021

Oct 28, 2021

50858_rns_2021-10-28_37c8084f-948a-46d8-b3da-35f41a270a86.pdf

Capital/Financing Update

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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: [email protected]