COALENERGY

Coal Energy is the third-largest private coal producer in Ukraine in terms of reserves and fourth largest private coal producer in the country by output based on 2011 calendar year data... Companies of the Group are directly cooperating with all the largest heat and power generation plants and metallurgic plants in Ukraine. Due to its favorable geographical location and wide products' palette Coal Energy is able to export produced thermal coal to power producing stations in Turkey, Moldova, Bulgaria, Slovakia and other countries where the Group has established contacts with the largest power generations... Coal Energy S.A. is a holding company for a group of 12 companies operating in the coal industry in Ukraine which rank the Company as the 3 rd largest in terms of coal deposits and the 4 th largest in terms of extraction volumes private coal mining enterprise in the country based on the calendar year 2011 data (hereinafter - "the Group" and/or "Coal Energy").

Also known as: Coal Energy Group, Coal Energy S.A.