Whitehaven Coal : Ceasing to be a substantial holder

Corporations Act 2001

Section 6718

To Company Name/ Scheme Whitehaven Coal Limited ACN/ ARSN

1. Details of substantial holder (1)

   Name Vinva Investment Management

   ACN/ ARSN (if applicable) 147 934 263

   The holder ceased to be a substantial holder on	18/10/2017
   The previous notice was given to the company on	16/10/2017
   The previous notice was dated	12/10/2017

2. Changes in relevant interests

   Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

   Date of chanoe	Person whose relevant interest chanoed	Nature of chanoe (4)	Consideration given in relation to chanoe (5)	Class (6) and number of securities affected	Person's votes affected
   13/10/2017 - 18/10/2017 '	Vinva Investment Management
   		Disposal of 183,113 shares	Consideration for Disposal of Shares $689,439	183.113 shares	183,113 shares

3. Changes in association

   The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN/ ARSN Nature of association

   N/A

4. Addresses

   The addresses of persons named in this form are as follows:

   Name Address

   Vfnva Investment Mana ement Level 13, 10 Brid e Street. S dne . NSW 2000

   Signature

   Capacity ----C''-h_ie'"f'_O"'p..e,_ra_t_ing.. O_ff_i1c_e_r ___

   Date )!::> I lo I I7

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   DIRECTIONS

5. If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearty set out in paragraph 4 of the form,

6. See Lhe definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001

7. See the definition of "associate" in section 9 of the Corporations Act 2001.

8. Include details of:

9. any relevant agreement or other cl=mstances beeause of which the change in relevant ln1e1es1 occurred. If subsection 6718(4) appUe:S, a copy of any document setting out th" terms of any relevant agreement, and a statement by the person giving full and accurate details of any con1ra, scheme or

   arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

   (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities Lo which the relevant interest relates (indicating clearly the particular securities to which the qualification applies)

   See the definition of "relevant agreement" in section 9 of the Corporations Act 2001

10. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition .Details must be included even if the benefit is conditional on the happening or not of a contingency .Details must be included of any

benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest

was acquired .

(8) The voting shares of a company constitute one class unless divided into separate classes

(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.