COALENERGY - Key Persons

Job Titles:

• Independent Non - Executive Director
• Member of the Board of Directors
• Mining Engineer
• Member of the Board of Directors of Mechel

Since 2004 Mr. Johnson has been a member of the Board of Directors of Mechel, one of the leading Russian mining and metals companies. Since 2008 Mr. Johnson has been a Chairman of the Board of Directors of Neuerth Coal Mining PVT Ltd (India). In 1990-2009, Mr. Johnson was a Managing Director and Chairman of Joy Mining Machinery UK Ltd. In 1985-1990, Mr. Johnson was a Managing Director of Dosco Overseas Engineering, a UK-based mining equipment manufacturer, where he began as a mining engineer in 1960. Mr. Johnson is Joy Mining Machinery's representative on both the Coal Industry Advisory Board and the World Coal Institute. In 1990-1992, he served as President of the Association of British Mining Equipment Companies. In 1998, he was awarded the Order of Friendship by the Russian government for services to the Russian coal industry. Mr. Johnson is a qualified mining engineer, he obtained the Mining Qualifications Board Certificate of the UK in 1958.

Job Titles:

• Independent Non - Executive Director
• Member of the Board of Directors

Job Titles:

• Head of Sales and Trading Department

Igor Nikitenko is responsible for managing the sales function of the Group and developing relationships with commercial partners. During years 2004-2005, Mr.Nikitenko worked as the engineer at Gorenergo LLC; afterwards during 2005-2007 he worked as a specialist of the Department of Commercial Operations and senior engineer of the market research department of DTEK. During 2007-2008 Mr.Nikitenko worked as a senior specialist on marketing in Donprombusiness LLC. Mr. Nikitenko graduated from Donetsk National Technical University in 2004 with a degree in mining engineering.

Job Titles:

• Chief Financial Officer
• Member of the Board of Management

Oleksandr Ilchenko is responsible for financial reporting and aud, budgeting, capital resources planning and financial risk assessment of the Group. Mr. Ilchenko's experience includes positions of the chief engineer at LLC PU Artemygol (2000-2003), head of planning and economic department at Joint-Stock Company Donnbasshahtostroy (2003-2007), deputy director of economics and finance at CwAL LE Sh/U Chapaeva (2009). Mr. Ilchenko obtained mining construction engineer degree from Donetsk Polytechnic University (1993) and a degree in economics of an enterprise from Donetsk National Technical University (2010).

Job Titles:

• Business Development Director
• Member of the Board of Directors
• Member of the Board of Management

Oleksandr Reznyk is responsible for overseeing Group's waste dump processing and coal beneficiation businesses.

Job Titles:

• Chairman of the Board of Directors
• Chief Executive Officer
• Member of the Board of Management

Victor Vyshnevetskyy founded business of the Group in early 2000s. Since that time he has held various executive positions within the Group. Victor Vyshnevetskyy was appointed as the Chairman of the Board of Directors on May 17, 2011. He is also chief executive officer of the Group. At present in his capacity Mr. Vyshnevetskyy oversees the strategic development and overall management of the Group. Mr. Vyshneverskyy graduated from Donetsk National Technical University in 1986 with a degree in mining engineering. He is a PhD in technical sciences. At present 75% of outstanding shares of Coal Energy S.A. is held by Lycaste Holdings Limited, a Cypriot entity, 50% of which is owned by Mr. Viktor Vyshnevetskyy.