Whitehaven Coal : Appendix 4D and Interim Financial Report

1. This statement presents results for Whitehaven Coal Limited for the half year ended 31 December 2016 and, where applicable, comparative results for the previous year.

1. Dividends

   No dividends were paid during the six months ended 31 December 2016 (2015: nil). The Directors resolved not to pay an interim dividend for the half year.

2. Net Tangible Assets (NTA) per security:

   Half Year 31 Dec 2016	Half Year 31 Dec 2015
   NTA per security	294.74c/share	278.42c/share

3. All other information can be obtained from the attached financial statements, accompanying notes and Directors' report.

Whitehaven Coal Limited and its controlled entities

ABN 68 124 425 396

Interim Financial Report 31 December 2016

Contents

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Whitehaven Coal Limited Directors' report

31 December 2016

The Directors present their report together with the consolidated financial report of Whitehaven Coal Limited ('the Company'), being the Company, its subsidiaries, and the Group's interest in joint operations for the half year ended 31 December 2016 and the auditor's review report thereon.

The Directors of the Company at any time during or since the end of the half year period are:

The principal activity of Whitehaven Coal Limited and its controlled entities (the 'Group') during the period was the development and operation of coal mines in New South Wales. There were no significant changes in the nature of the activities of the Group during the period.

The Directors resolved not to pay an interim dividend for the half year. No dividends were paid during the current or prior half year period.

There has not arisen in the interval between the end of the financial period and the date of this report any item, transaction or event of a material and unusual nature likely, in the opinion of the directors of the Company, to affect significantly the operations of the Group, the results of those operations, or the state of affairs of the Group, in future financial years other than the following:

Subsequent to the end of the financial period, the Group repaid a further $105 million of debt drawn under the senior bank facility. This represents a reduction in net debt of a corresponding amount.

The auditor's independence declaration is set out on page 9 and forms part of the Directors' report for the half year ended 31 December 2016.

The Company is of a kind referred to in ASIC Corporate Instrument 2016/191, and in accordance with that Corporate Instrument, all financial information presented in Australian dollars has been rounded to the nearest thousand dollars unless otherwise stated.

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