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1 CASH FLOW POSITIVE FOLLOWING SUCCESSFUL RAMP UP OF KANGALA MINE Focus turns to acquisition of second operating asset, NCC July 2014 ASX: UNV

2 Disclaimer Not an Offer for Securities This document has been created by Universal Coal plc (the Company) solely for use at the investor presentations to be made by the Company and does not constitute nor does it contain an offer or invitation to buy or subscribe for securities in the Company or an inducement to make an offer or invitation with respect to those securities. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. Relevant Law & Relevant Persons The distribution of this document in jurisdictions outside of Australia may be restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, all such restrictions. Information is a synopsis only This document only contains a synopsis of information on the Company and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information and to do so could potentially expose you to a significant risk of losing all of the property invested by you or incurred by you of additional liability. The information presented in this document is subject to change without notice. Currency references Financial amounts in this document are expressed in Australian dollars, South African Rand or A$. USD or US$ shall mean the lawful currency of the United States of America. Forward looking Statements This document contains forward looking statements which involve subjective judgment and analysis and are subject to significant uncertainties, risks, and contingencies, many of which are outside the control of, and are unknown to the Company. In particular, these forward looking statements are made only as of the date of this document, they assume the success of the Company s business strategies, and are subject to business, competitive and economic uncertainties and risks. No representation, warranty or assurance (express or implied) is given or made in relation to any forward looking statement by any person (including the Company). In particular, no representation, warranty or assurance (express or implied) is given in relation to any underlying assumption or that any forward looking statement will be achieved. Actual future events may vary materially from the forward looking statements and the assumptions on which the forward looking statements are based. Given these uncertainties, recipients are cautioned to not place undue reliance on such forward looking statements. Subject to any continuing obligations under applicable law or any relevant listing rules of the ASX, the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements in this document to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based. Nothing in this document shall under any circumstances create an implication that there has been no change in the affairs of the Company since the date of this Presentation. Disclaimer Although reasonable care has been taken to ensure that the facts stated in this document are accurate and that the opinions expressed are fair and reasonable, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information and opinions contained in this document and no reliance should be placed on such information or opinions. None of the Company, or Pursuit Capital Pty Ltd (Pursuit)or any of their respective members, directors, officers or employees nor any other person accepts any liability whatsoever for any loss, however arising, from any use of such information or opinions (save in respect of fraud). No reliance should be placed on the information and no representation or warranty (express or implied) is made by the Company or Pursuit, or any of their respective directors or employees or any other person, and save in respect of fraud, no liability whatsoever is accepted by such person in relation thereto. Competent Person Statement The information in this report that relates to Exploration Results, Minerals Resources or Ore Reserves relating to the Kangala, Roodekop, Brakfontein, Berenice-Soutpansberg and Somerville-Tuli Projects is based on information reviewed and compiled by Mr Jaco Malan, who is a registered natural scientist and a member of the South African Council for Natural Scientific Professions. Mr Malan is employed by Universal Coal plc and has sufficient experience which is relevant to the style of mineralisation and the type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Coal Resources and Ore Reserves. Mr Malan consents to the inclusion in this report of this information in the form and context in which it appears. Reporting on Exploration Results The update have been compiled in accordance with the JORC Code, the recommendations and guidelines set out in the revised 2007 South African Code for The Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC Code) and the rules and guidelines relating to the independent expert s reports set by ASIC and ASX. 2

3 Investment highlights Kangala Mine ramp up complete with positive cash flow Production and sales in line with forecasts Export sales to start next month Acquisition of NCC nearing finalisation 2 nd producing asset to start up in 2014 Debt finance for NCC near complete Actively pursuing counter-cyclical acquisitions SET TO BECOME THE NEXT MID- TIER COAL COMPANY 3

4 Overview of current coal projects Asset portfolio Production Product type Kangala Thermal coal (domestic) 2.4Mtpa (million tonnes per annum) run-ofmine (ROM) production rate, potential to increase to 4.25mtpa with no further capital requirements. Development stage New Clydesdale Colliery (NCC)/ Roodekop Product type Thermal coal (export) Roodekop only awaiting IWULA (Water licence) prior to development. Agreement to acquire New Clydesdale Colliery (NCC) 2Mtpa ROM operational capacity Associated infrastructure Feasibility stage Brakfontein Berenice/Cygnus Product type Thermal coal Soft coking coal / thermal coal middling 4

5 UNV - Resource and Reserve Statement Project Resources 1,2 Reserves 2 Measured (Mt) Indicated (Mt) Inferred (Mt) Total (Mt) Proven (Mt) Thermal Coal (Witbank) Kangala (domestic) NCC - Roodekop (export) Brakfontein (export) Subtotal Coking Coal (Limpopo) Berenice-Cygnus , Somerville-Donkin Subtotal , Total , Notes 1. The Resource/Reserve Statements for the Kangala, Brakfontein, Berenice-Cygnus and Somerville projects were prepared and first disclosed under the JORC Code It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported 2. The Resource/Reserve Statement for the Roodekop project was prepared and disclosed under the JORC Code The Resource/Reserve Statement for the NCC project is a SAMREC compliant estimate and a qualifying foreign estimate for the purpose of ASX Listing Rules. 4. Mineral resources are stated inclusive of mineral reserves 5

6 Kangala in production First mine, developed to schedule & within budget ensures sustainability and provide foundation for growth Low cost production, expected life of mine ~ 15 years Positive cash flow achieved Scalable infrastructure, expansion upside ASX: UNV 6

7 Kangala now in production, foundation for growth Operation and resource base Location ü Delmas, Mpumalanga Province, RSA Ownership ü UNV % Production ü 2.4Mtpa ROM ü 2.1Mtpa saleable production ü 2.0mtpa ESKOM sales ü 100ktpa Export ü 4.25Mtpa processing capacity installed LOM striping ratio ü Low (Life Of Mine) LOM stripping ratios of ~1.6 : 1 Performance ü tonnes sold 2Q2014 ü 1 st export coal product stockpile built Resource and reserve ü 146.5mt JORC compliant resource: 21.6mt Reserve - Initial pit with ü Delivering to forecast ü Now operating at steady state rate 9.5 year life of mine Second Pit (measured- JORC) of similar scope ü Total resource exceeding 15 year LOM 7

8 Kangala providing long-term, positive cashflow Robust economics Capital cost EBITDA average Payback LOM OPEX average Operation Capacity ü A$46.8m (ZAR 9.5:A$1) ü A$15m p.a over 8 yrs, ie ~A$0.05 per UNV share ü Four years ü A$15/ tonne ü Lowest cost quartile ü Crush & Screen circuit 350tph capacity ü Single stage dense media plant 320tph capacity ü Total: 4.25Mtpa 1 st Quarter Revenue ü Net operating cash of A$3.9 million ü Gross revenue 8.7% higher than expected Margin protection ü Full OPEX cost increases are redeemed annually as per ESKOM coal sales agreement 8

9 New Clydesdale Colliery - Roodekop Second operation on the horizon Agreement in place to acquire New Clydesdale Colliery (NCC) - clear synergies with contiguous 84Mt Roodekop project. Combined project to transform UNV into a multi-mine, multi-product coal producer ASX: UNV 9

10 NCC - Roodekop - simple rationale NCC Established opera?on Excellent infrastructure Depleted resources Roodekop project 84Mt resource Con?guous to NCC Next opera?on Fast track produc?on Extend LOM 15+ yrs Reduce capital & OPEX Enhance profitability 10

11 NCC - Roodekop excellent synergies For personal use only Joint operation Ownership ü UNV 49.9% Production potential ü 2Mtpa ROM capacity ü 2/3 opencast, 1/3 underground Life of mine ü Probable life of mine extended 20+ years Total reserves ü Underground 3.5Mt (SAMREC) (current) ü Open Cast 9.4Mt (JORC) ü Combined 12.9Mt Total resources ü Measured Mt ü Indicated 24.74Mt ü Total 138.9Mt (SAMREC + JORC) * Resources are stated inclusive of reserves Existing infrastructure ü Three DMS Processing Circuits - capacity of ~2mtpa ü Rail siding with load out facilities Products ü Primary product 6,000kcal export ü Secondary ESKOM domestic ü Other Low-phos met. coal 11

12 NCC - Roodekop timeline to production Activity Roodekop: Mining Right Roodekop: NEMA Roodekop: Water License Status ü Granted ü Granted o Pending, expected imminently Roodekop: commence open cast development o H NCC acquisition: SA Competition Commission approval NCC acquisition: debt funding & coal off-take ü Granted o Ongoing NCC acquisition: Section 11 o H First coal production o H Restart the existing NCC UG operations o H

13 Upcoming events PERIOD 1H2014 3Q2014 4Q2014 1H2015 EVENTS ü Commissioned 2.4Mtpa ROM Kangala opera?on ü Delivered first Kangala coal to ESKOM to schedule ü Commissioned DMS circuit at Kangala ü Increased capacity by 78% to 4.25Mtpa ü Produc?on and sales in line with forecasts Ramp up Kangala to steady state, cashflow posi?ve opera?on Export of first Kangala coal Roodekop Water Use Licence approval Finalise acquisi?on of NCC Commence development ac?vi?es at Roodekop Transfer of new order mining right for NCC to UNV First coal produc?on from NCC Roodekop First coal sales from NCC Roodekop Consider phase 2 expansion of Kangala to 4.25Mtpa 13

14 ASX share price performance and activity Historical share price performance Key company indicators Market cap (10 July 2014) A$35m Shares on issue 321.8m Op?ons on issue 74.1m UNV, UNIVERSAL COAL CDI The chart of daily prices over 1 year for UNV 14

15 Broker coverage Management is establishing a reliable track record with Kangala expected to reach full production ahead of schedule and on budget. The recent purchase of the operational New Clydesdale Colliery (NCC) enables the company to accelerate its growth timetable, with the integration of the contiguous Roodekop deposit expected to deliver first production before the end of 2014, further emphasising management ability. Broker Price Ra<ng BBY (March 14) 40c Buy Paterson s (March 14) 26c Buy Helmsec (April 13) 38c Buy DJ Carmichael s (Jan 12) 83c Buy Atlan?c Securi?es (August 12) 50c Buy ^Source: BBY research 26 February

16 UNV shareholding Major shareholders as at 20 th January 2014 Strategic shareholder AMED, has the following focus: Invests in mineral explora?on and development projects predominantly in Africa Brownfield projects with the poten?al to become world- class deposits with lower quar?le produc?on costs AMED iden?fies and op?mises value from under- valued assets 34.5% 9.6% 7.9% Coal Development Holding BV (AMED) Mr Geoffrey Robert Tarrant and Associated Holdings Ci?corp Nominees Pty Limited 29.8% 6.2% 5.2% 3.8% 3.0% Maple Leaf Interna?onal Holdings Inc Power Origin Developments Ltd Universal Coal Management Remaining Top20 Shareholders Remaining Free float 16

17 Summary On the path to becoming a leading mul<- mine coal producer First mine delivering to forecast 2.4Mtpa ROM Kangala mine delivering to forecast tonnes sold 2Q2014 Net opera?ng cash of A$3.9 million Gross revenue 8.7% higher than expected Cashflow posi?ve opera?on Sufficient resources for 15 years life of mine Poten?al to increase produc?on to 4.25Mtpa with no further CAPEX spend Export produc?on underway, providing significant cashflow upside Agreement to acquire 2.0Mtpa New Clydesdale Colliery Fast tracking of second opera<on Undervalued Con?guous to UNV s 84Mt Roodekop project First produc?on an?cipated before year- end Expor?ng ~600ktpa ESKOM and Domes?c sales ~800ktpa Market cap ~ $35 million 17

18 Contact Universal Coal Plc Tony Weber Chief Executive Officer Office: Fax: Cell: Financial & Corporate Relations Pty Limited Robert Williams Account Director Main: Fax: Mobile: t.weber@universalcoal.com r.williams@fcr.com.au Website: Web site: 18

19 Appendices

20 Key management team Tony Weber MSc Mining Eng Chief Executive Officer Daryl Edwards CA (SA) Chief Financial Officer Shammy Luvhengo BSc Geology Business Development Mining engineer with 20 years experience in mining spanning project assessment, finance, development and operations. Prior to joining Universal Coal, Tony was an executive director at Nkwe Platinum Limited, operations manager at the Potgietersrus Platinum Mine and at the Gamsberg Project. Tony s coal experience includes working at the New Clydesdale Colliery and Greenside Colliery for Gold Fields Limited and a brief period at the Prosper Hanniel Colliery in Germany. He has significant skills and experience in coordinating project feasibility studies and hands-on operational experience in the coal extraction industry Chartered Accountant with over twelve years professional experience in finance and commerce. Prior to joining Universal Coal, Daryl held the CFO position with Asenjo Energy, a Botswana based coal exploration and development company which is a Joint Venture between Aquila Resources Limited, Sentula Mining Limited and Jonah Capital BVI. Daryl is responsible for all financial and commercial facets of the business and is an integral part of the management team responsible for returning shareholder value Investment banker and qualified geologist. Shammy started his career with Exxaro Resources Limited before moving into the investment world. Previous work experience includes Investec Bank and Nedbank Capital, where he was involved in structuring and implementing project finance and BEE deals within the resources industry. Prior to joining Universal Coal, he worked at Nkwe Platinum Limited as Head of Business Development and Investor Relations Kevin Donaldson BSc Mining Eng Chief Development Engineer Minah Moabi MSc Environmental Science Chief Environmental Manager Jaco Malan MSc Exploration Geology Chief Geologist Mining engineer with over 20 years experience in coal mining. Kevin started his career with the then Rand Mines Limited ( Rand Mines ) in operations where he reached the level of Mine Overseer. After Rand Mines he joined Anglo American Plc where he moved into the mine planning and technical side of mining and project development. Kevin will be involved in the study phases of the projects and will be responsible for the implementation of the Kangala project Qualified Environmental Scientist and member of the South African Council for Natural Scientific professions (SACNASP). Minah has 10 years experience in environmental management, water management and sustainable development. Prior to joining Universal Coal Minah worked for BHP Billiton (BECSA) as a project manager, managing environmental related projects. Minah is responsible for developing, implementing and managing social and environmental management systems, strategies and action plans that ensure corporate sustainable development Geologist with a Masters Degree in Exploration Geology. Jaco started his career with Iscor Limited before moving into independent consulting. He has over 20 years experience in target generation and exploration across a range of commodities including coal, platinum, heavy minerals, gold and industrial minerals. He played a major role in identifying and acquiring Universal Coal s current portfolio of projects. Jaco is responsible for the day to day management of the company s geological functions and is a member of the development and delivery team for the current coal assets.

21 John Hopkins LLB Non-executive directors Non-Executive Chairman Qualified lawyer and professional company director. John has been on the board or chaired nearly 20 public listed companies since 1985 (both in Australia and Canada) and as such has been involved in the financing and development (and subsequent M&A activities) of many gold, base metal, energy (coal and oil and gas), mineral sands and other resource projects all over the world. Previously, John spent 12 years as a partner of what was then a leading Perth law firm, during which time he was involved in a range of corporate, business and resource transactions for major national and international companies. John then went on to establish his own law firm from which he retired in 1998, John has recently stepped down from chairing gold producer Adamus Resources Limited and in his role he has overseen its last 4 years in making the transition from explorer to producer and taking its market capitalisation to over $300m. John is also the Non-Executive Chairman of Australian Securities Exchange ( ASX ) listed Wolf Minerals Limited and is a Fellow of the Australian Institute of Company Directors David Twist BSc Hons (University of Reading), PhD (University of Newcastle) Non-Executive Director Founding member of Platmin and CEO until 2006, subsequently focused on new mineral exploration opportunities with Sephaku Holdings. Previously with Impala Platinum and involved in Bushveld Complex research at University of Pretoria; member of South African Council of Natural Scientific Professions, Geological Society of London, Society of Economic Geologists (US) Hendrik Bonsma Non-Executive Director Businessman with interests throughout South Africa and has been actively investing in the South African mining industry for over a decade. Henry has been involved in various successful chrome, platinum, and iron ore transactions and has been the promoter of several listings on the JSE Limited, AIM on the London Stock Exchange and ASX Carlo Baravalle Non-Executive Director After 4 years experience in finance with an Italian fashion group, GFT, Carlo completed his studies with an MBA at INSEAD. He then spent several years in strategic consulting, working on assignment for many large French conglomerates between Paris and the USA. Carlo then started in the telecoms industry, firstly with BT, starting new ventures outside the UK, and then as a Director of the Corporate Finance Telecoms team at Warburg. He then returned to the industrial side of telecoms with a senior global position at Lucent Technologies. At this point in his career he started getting gradually involved with Private equity industry, first taking a senior assignment with a company owned by Apax Partners as MD International and Main Board Member at The Exchange FS, and later as Senior Vice-President for EMEA, Asia and LatAm for LCC, a telecoms engineering company initially invested by the Carlyle Group.

22 Group structure 100.0% Universal Coal and Energy Holdings South Africa (Pty) Ltd ( Universal Coal ) 70.5% 50.3% 74.0% 50.0% % 15.0% 2 UCD I (Pty) Ltd UCD III (Pty) Ltd UCD IV (Pty) Ltd UCD II (Pty) Ltd UCD V (Pty) Ltd UCD VI (Pty) Ltd 29.5% 49.7% 26.0% 50.0% 50.0% 85.0% Mountain Rush Trading 6 (Pty) Ltd Unity Rocks Mining (Pty) Ltd Xakwa Resources (Pty) Ltd Bono Lithihi Investment Group (Pty) Ltd Solar Spectrum Trading 365 (Pty) Ltd Pacific Breeze Trading 725 (Pty) Ltd Kangala Bernice and Brakfontein Roodekop Somerville 3 Cygnus Donkin Legend Mining company: UCD Universal Coal Development Empowerment partner Universal Coal is an Australian Securities Exchange listed company Thermal coal project Coking coal project Note 1. Option to acquire up to 74% shareholding 2. Earn in to 50% shareholding 3. UCD II (Pty) Ltd is a joint venture between Universal Coal and Bono Lithihi Investment Group (Pty) Ltd which houses both the Bernice and Somerville prospecting rights

23 Berenice Cygnus coking coal Option on massive, shallow coking coal project, ready for prefeasibility study 1.35 billion tonnes coking/thermal coal deposit Option to increase stake from 50% to 74% ASX: UNV 23

24 Coking coal assets Berenice/Cygnus Highlights of Berenice/Cygnus Location ü 90km south-west of Musina, Limpopo Province, 30km from existing rail siding, 680km from Harbour Ownership ü 50% (option to acquire 74%) Concept study ü DRA Consulting Group study confirms viability for 10Mtpa, open cut operation, LOM in excess of 25 years Option on massive coking coal deposit Resource ü 1.35Bt resource including; Indicative theoretical coking coal yield for all plies combined of 18.8% with the S02L, S06L and S08 yielding 22.2%, 21.2% and 29.1% Thermal by-product yield of 26% - calorific value of 22.3 MJ/kg (ad basis), volatile matter content 29%. Status ü Prefeasibility study in the planning phase

25 South African Coal Mining & Market Coal in relation to South Africa Mature Mining culture Good existing infrastructure Strong Domestic Demand Strong Export demand Margins ü Mining contributed 8.8% of SA GDP (2011), with coal mining competing with PGM s as the top earner ü Mature coal mining culture with majors and junior producing 252Mt (2011*) ü Substantial port capacity (RBCT capacity increased 91Mt pa) ü Rail capacity (RBCT rail increase to 81Mtpa commencing development in in 2014) ü alternative rail access to Maputo and Durban ü Total Domestic consumption for mt ü ESKOM consumption 125Mtpa (2011) ü Gap in supply of coal to Eskom to be 60Mt by 2016 ( Supply Cliff ) ü Emphasis from Eskom to fill supply gap from empowered junior miners ü Domestic non-power sector 65.2 Mtpa (2008) (Industry, Sasol coal to liquid fuel) ü Strong demand from Eastern markets India and China ü Coal Growth returning in traditional European markets ü Weathering the current market downturn better than most due to: ü Depreciating Rand ü Lower operating cost base ü Strong and increasing Eskom demand (fixed price)

26 ESKOM and the demand for coal in SA Significant growth prospect Through Kangala, Universal Coal has a 2Mtpa medium term off take in place with ESKOM Both the thermal and coking coal asset base has substan?al poten?al to add to this current supply tonnage, with discussions on the second thermal asset underway. Significant supply expansion exists in this market Courtesy ESKOM ESKOM Coal requirements, 22 June 2012, J Bester

27 SA mining industry at a glance Mining legislation Nationalization as a policy is dead - Mangaung December 2013 Current review of the act on going with likely positive changes on environmental regulations previous contentious changes were withheld new Minister, different approach - willingness to engage industry regarding further amendments ESKOM BEE initiatives will provide upside for Empowered companies supplying to ESKOM Current labour issues Extended period of unprotected strikes have occurred in the previous period Platinum industry was worst affected by recent events (AMCU vs. NUM) This has lead to Government and Chamber of Mines working together to achieve stability and cost effectiveness Stronger bargaining councils in coal and other commodities historically have given more stability Framework Agreement for a Sustainable Mining Industry set up Headed by the ex-deputy President of SA, the Framework will; maintain the rule of law (amongst others eliminating illegal strikes) improve effectiveness of managing changing economic conditions and people issues maintain mining as the foundation of economic growth for SA Stakeholders agreed on a framework to be implemented over the next 12 months