The board of directors of Winsway Coking Coal Holdings Limited announced that Delbert Lee Lobb, Jr., who is the Chief Operations Officer Americas of Peabody Energy Corporation, has tendered his resignation as a non-executive director of the company with effect from January 16, 2013 due to his intention to focus on his other business commitments. Lobb has confirmed that he has no disagreement with the board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The board announced that Daniel J. Miller has been appointed as a non-executive director of the company with effect from January 16, 2013.

Miller has more than 15 years of experience in the banking and finance industry specializing in mining and metals. He has extensive experience in mergers and acquisitions and financing transactions involving mining clients. Miller is currently the Vice President of Peabody COALTRADE Asia Private Ltd., the Singapore trading office of Peabody.

Previously he was a Managing Director in Standard Chartered Bank's Strategic Client Coverage Group, Mining and Metals, Singapore. From 1996 to 2006, Miller was a Director in Citigroup's Metals & Mining Group, New York. From 1994 to 1996, Miller worked as a financial analyst at the Equity Research Department of Goldman Sachs & Co., New York, covering metals and mining companies.

The company will enter into a letter of appointment with Miller for an initial term commencing from January 16, 2013 until the next following annual general meeting of the company and he will be subject to re-election at the next following annual general meeting of the company in accordance with the articles of association of the company. Miller is not entitled to any director's emoluments. Miller has been appointed as the chairman of the Health and Safety and Environmental Committee in place of Lobb, who has ceased to be a director of the company with effect from January 16, 2013.

Following this appointment, the Health and Safety and Environmental Committee consists of Daniel J. Miller (chairman), Yasuhisa Yamamoto and Apolonius Struijk. Both Yasuhisa Yamamoto and Apolonius Struijk are executive directors of the company.