Wollongong Coal Limited has entered into a binding amendment letter with the lender under the MCB Facility. As at 28 June 2019, approximately USD12,501,000 in principal amount is outstanding ("Current Outstanding Amount") under the terms of the MCB Facility. The Amendment Letter provides for the extension of the final repayment date of the Current Outstanding Amount to the earlier of 31 December 2019 or the date on which any restructuring of the indebtedness and other obligations of Jindal Steel and Power (Australia) Pty Ltd. in connection with various outstanding facilities becomes effective ("Final Repayment Date"). Under the terms of the Amendment Letter, the Company shall: repay 5% of the original outstanding amount under the MCB Facility of USD 20,835,000, within 5 business days following the execution of the Amendment Letter and on or before 30 September 2019 (being an aggregate amount of USD 2,083,500); and pay all accrued and unpaid interest for the period from 1 July 2019 until 30 September 2019 on 30 September 2019.