GEAR TIMELINE

Completion of Illawarra Metallurgical Coal (“IMC”) acquisition from South32 on 29 August 2024 at a consideration of US$1.65 billion through GEAR M Illawarra Met Coal Pty Ltd (“GM3”), an entity owned by GEAR and M Resources Pty Ltd

Delisted from the Singapore Stock Exchange on 28 Sep 2023 to streamline corporate structure, focus on strategic growth initiatives and transition towards sustainable investments

Completion of exchange offer of existing US$375m notes due 2026. New 8.5% Senior Secured Notes of US$346.308m due 2027

Executed definitive share sale agreement for Stanmore to acquire remaining 20% interest in SMC held by Mitsui & Co. (Australia) Ltd and Mitsui & Co., Ltd (together, “Mitsui”)

Fitch reaffirms GEAR’s credit rating at ‘B+’ and revise outlook on GEAR from Stable to Positive

Raised net proceeds of S$86.4 million with placement of 285 million new ordinary shares at S$0.305 each

Signed Share Purchase Agreement with BHP Minerals to acquire 80% interest in BHP Mitsui Coal

Secured mining leases approval for Issac Downs Project

Second bond issuance of 8.5% US$285,000,000 Senior Secured Notes due 2026

Secured A$265m financing for Ravenswood Expansion

GEAR through our subsidiary, Golden Investments (Australia) Pte Ltd increased shareholding in Stanmore Coal from 31.35% to 75.33%

Incorporated on 16 May 2019, GEAR Renewables Pte. Ltd. seeks to invest in renewable energy projects, with the aim of becoming carbon neutral

Off-market takeover bid concluded and with subsequent off-market block transaction, total stake in Stanmore increased to 28.42%

Maiden bond issuance of 9% US$150,000,000 Senior Secured Notes due 2023.

Acquired 19.9% of Stanmore Coal Limited (“Stanmore”) – a Brisbane based metallurgical and thermal coal miner – and launched off-market takeover bid to acquire Stanmore

Strategic alliance and capital injection of A$67.86million in Westgold Resources Limited (“Westgold”), Australia’s Top 10 gold producer listed on the ASX

Maiden Interim Dividend paid out on 4 September 2017

Resume listing on SGX-ST Main Board on 12 December 2016

UFS renamed as Golden Energy and Resources Limited (GEAR) on 21 April 2015 following completion of the RTO of UFS on 20 April 2015

GMR became a strategic shareholder and signed a 25-year coal off-take agreement

The company was renamed as PT Golden Energy Mines Tbk on16 November 2010 – Obtained third concession, PT Trisula Kencana Sakti (“TKS”) in Central Kalimantan

Obtained second concession, PT Kuansing Inti Makmur (“KIM”) in Jambi

Incorporated in Indonesia under the name PT Bumi Kencana Eka Sakti. The company is primarily engaged in coal mining and coal trading.