Whitehaven Coal : Becoming a substantial holder

603 Page 1 of 10 4/25/2019

			Form 603
			Corporations Act 2001
			Section 671B
			Notice of initial substantial holder
ToCompany Name/Scheme			Whitehaven Coal Limited
ACN/ARSN			ACN 124 425 396
1. Details of substantial holder
Name			Prudential Plc and its subsidiary companies (See Annexure A)
ACN/ARSN (if applicable)

The holder became a substantial holder on

23 April 2019

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)		Voting power (6)
NPV Shares	52,580,134		52,580,134	5.12%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of
		securities
	Power to exercise or control the exercise of, a
M&G Investment Management Limited	right to vote attached to the securities Power to	319,553
	dispose of, or control the exercise of a power to
	dispose of, the securities
	Power to control the voting and/ or disposal of
Eastspring Investments (Singapore) Limited	securities pursuant to its position held as	52,260,581
	investment manager in accordance with
	investment mandates

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

		Registered holder of	Person entitled to be registered as	Class and number of
Holder of Relevant Interest		securities	holder(8)	securities
Eastspring Investments		HSBC Bank Australia
(Singapore) Limited		Limited	HSBC Bank Australia Limited	NPV Shares 14,103,531
Eastspring Investments		HSBC Bank Australia
(Singapore) Limited		Limited	HSBC Bank Australia Limited	NPV Shares 7,714,005
Eastspring Investments		HSBC Custody Nominees
(Singapore) Limited		(Australia) Limited	HSBC Custody Nominees (Australia) Limited	NPV Shares 4,246,104
Eastspring Investments		Citicorp Nominees Pty Ltd,
(Singapore) Limited		Melbourne	Citicorp Nominees Pty Ltd, Melbourne	NPV Shares 1,999,130
Eastspring Investments		HSBC Bank Australia
(Singapore) Limited		Limited	HSBC Bank Australia Limited	NPV Shares 731,941
Eastspring Investments		HSBC Bank Australia
(Singapore) Limited		Limited	HSBC Bank Australia Limited	NPV Shares 95,808

				603	Page 2 of 10 4/25/2019
	Eastspring Investments		National Australia Bank
	(Singapore) Limited		Limited	National Australia Bank Limited	NPV Shares 72,954
	Eastspring Investments		HSBC Bank Australia
	(Singapore) Limited		Limited	HSBC Bank Australia Limited	NPV Shares 44,804
	Eastspring Investments		HSBC Custody Nominees
	(Singapore) Limited		(Australia) Limited	HSBC Custody Nominees (Australia) Limited	NPV Shares 893,975
	Eastspring Investments		HSBC Custody Nominees
	(Singapore) Limited		(Australia) Limited	HSBC Custody Nominees (Australia) Limited	NPV Shares 22,358,329
	M&G Investment		HSBC Custody Nominees
	Management Limited		(Australia) Limited	HSBC Custody Nominees (Australia) Limited	NPV Shares 150,314
	M&G Investment		HSBC Custody Nominees
	Management Limited		(Australia) Limited	HSBC Custody Nominees (Australia) Limited	NPV Shares 119,857
	M&G Investment		HSBC Custody Nominees
	Management Limited		(Australia) Limited	HSBC Custody Nominees (Australia) Limited	NPV Shares 49,382

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

	Person whose			Consideration given		Person's
Date of			Nature of		Class and number of securities
	relevant interest			in relation to		votes
change			Change(6)		affected
				change(7)		affected
	changed
08/01/2019	Eastspring Investments (Singapore) Limited		Purchase	$281,157	NPV Ordinary Shares 62,071	62,071
08/01/2019	Eastspring Investments (Singapore) Limited		Purchase	$90,364	NPV Ordinary Shares 20,000	20,000
09/01/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,393,913	NPV Ordinary Shares 304,122	304,122
09/01/2019	Eastspring Investments (Singapore) Limited		Sale	$11,930	NPV Ordinary Shares 2,657	2,657
16/01/2019	Eastspring Investments (Singapore) Limited		Purchase	$11,073	NPV Ordinary Shares 2,436	2,436
16/01/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,669,217	NPV Ordinary Shares 367,216	367,216
16/01/2019	M&G Investment Management Limited		Purchase	$89,517	NPV Ordinary Shares 19,693	19,693
17/01/2019	Eastspring Investments (Singapore) Limited		Purchase	$500,204	NPV Ordinary Shares 104,501	104,501
21/01/2019	Eastspring Investments (Singapore) Limited		Purchase	$477,620	NPV Ordinary Shares 99,151	99,151
21/01/2019	M&G Investment Management Limited		Purchase	$6,845	NPV Ordinary Shares 1,421	1,421
21/01/2019	M&G Investment Management Limited		Purchase	$13,411	NPV Ordinary Shares 2,784	2,784
11/02/2019	Eastspring Investments (Singapore) Limited		Purchase	$280,787	NPV Ordinary Shares 59,742	59,742
11/02/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,331,618	NPV Ordinary Shares 283,323	283,323
11/02/2019	M&G Investment Management Limited		Purchase	$5,974,320	NPV Ordinary Shares 1,271,132	1,271,132
11/02/2019	M&G Investment Management Limited		Purchase	$271,345	NPV Ordinary Shares 57,733	57,733
14/02/2019	Eastspring Investments (Singapore) Limited		Sale	$4,631	NPV Ordinary Shares 975	975
27/02/2019	Eastspring Investments (Singapore) Limited		Sale	$159,928	NPV Ordinary Shares 35,892	35,892
27/02/2019	Eastspring Investments (Singapore) Limited		Purchase	$211,256	NPV Ordinary Shares 47,300	47,300
27/02/2019	Eastspring Investments (Singapore) Limited		Sale	$11,889	NPV Ordinary Shares 2,682	2,682
04/03/2019	Eastspring Investments (Singapore) Limited		Purchase	$10,976	NPV Ordinary Shares 2,557	2,557

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06/03/2019	Eastspring Investments (Singapore) Limited		Sale	$2,173,799	NPV Ordinary Shares 486,853		486,853
08/03/2019	Eastspring Investments (Singapore) Limited		Sale	$150,309	NPV Ordinary Shares 33,744		33,744
12/03/2019	Eastspring Investments (Singapore) Limited		Sale	$7,191	NPV Ordinary Shares 1,604		1,604
13/03/2019	Eastspring Investments (Singapore) Limited		Purchase	$395,161	NPV Ordinary Shares 90,236		90,236
15/03/2019	Eastspring Investments (Singapore) Limited		Sale	$12,123	NPV Ordinary Shares 2,757		2,757
18/03/2019	Eastspring Investments (Singapore) Limited		Purchase	$11,295	NPV Ordinary Shares 2,629		2,629
19/03/2019	M&G Investment Management Limited		Sale	$44,814	NPV Ordinary Shares 10,747		10,747
22/03/2019	Eastspring Investments (Singapore) Limited		Sale	$12,486	NPV Ordinary Shares 3,009		3,009
25/03/2019	Eastspring Investments (Singapore) Limited		Purchase	$666,488	NPV Ordinary Shares 163,435		163,435
28/03/2019	Eastspring Investments (Singapore) Limited		Purchase	$2,931,041	NPV Ordinary Shares 735,131		735,131
28/03/2019	M&G Investment Management Limited		Purchase	$24,470	NPV Ordinary Shares 6,087		6,087
02/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$2,905,630	NPV Ordinary Shares 698,704		698,704
04/04/2019	M&G Investment Management Limited		Purchase	$29,467	NPV Ordinary Shares 7,258		7,258
08/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$6,164	NPV Ordinary Shares 1,597		1,597
10/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$664	NPV Ordinary Shares 171		171
10/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$16,103	NPV Ordinary Shares 4,145		4,145
10/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$2,639,806	NPV Ordinary Shares 665,257		665,257
10/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$25,726	NPV Ordinary Shares 6,622		6,622
10/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$4,216,900	NPV Ordinary Shares 1,062,700		1,062,700
10/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,057	NPV Ordinary Shares 272		272
10/04/2019	M&G Investment Management Limited		Purchase	$33,661	NPV Ordinary Shares 8,631		8,361
10/04/2019	M&G Investment Management Limited		Purchase	$8	NPV Ordinary Shares 2		2
10/04/2019	M&G Investment Management Limited		Purchase	$183	NPV Ordinary Shares 47		47
10/04/2019	M&G Investment Management Limited		Purchase	$29,800	NPV Ordinary Shares 7,510		7,510
10/04/2019	M&G Investment Management Limited		Purchase	$16	NPV Ordinary Shares 4		4
10/04/2019	M&G Investment Management Limited		Purchase	$357	NPV Ordinary Shares 92		92
10/04/2019	M&G Investment Management Limited		Purchase	$58.335	NPV Ordinary Shares 14.701		14.701
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,101,102	NPV Ordinary Shares 269,878		269,878
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$380,594	NPV Ordinary Shares 95,629		95,629

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11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$610,122	NPV Ordinary Shares 155,188		155,188
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$927,321	NPV Ordinary Shares 233,001		233,001
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$2,682,841	NPV Ordinary Shares 657,559		657,559
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,486,563	NPV Ordinary Shares 378,116		378,116
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$468	NPV Ordinary Shares 119		119
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$291	NPV Ordinary Shares 73		73
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$845	NPV Ordinary Shares 207		207
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$4,285,640	NPV Ordinary Shares 1,050,402		1,050,402
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$2,374,673	NPV Ordinary Shares 604,012		604,012
11/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,481,327	NPV Ordinary Shares 372,202		372,202
11/04/2019	M&G Investment Management Limited		Purchase	$16,780	NPV Ordinary Shares 4,268		4,268
11/04/2019	M&G Investment Management Limited		Purchase	$10,467	NPV Ordinary Shares 2,630		2,630
11/04/2019	M&G Investment Management Limited		Purchase	$30,286	NPV Ordinary Shares 7,423		7,423
11/04/2019	M&G Investment Management Limited		Purchase	$20,493	NPV Ordinary Shares 5,149		5,149
11/04/2019	M&G Investment Management Limited		Purchase	$59,286	NPV Ordinary Shares 14,531		14,531
11/04/2019	M&G Investment Management Limited		Purchase	$32,852	NPV Ordinary Shares 8,356		8,356
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$81,048	NPV Ordinary Shares 19,934		19,934
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$546,476	NPV Ordinary Shares 134,939		134,939
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$436,662	NPV Ordinary Shares 107,951		107,951
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,063,932	NPV Ordinary Shares 263,024		263,024
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$197,476	NPV Ordinary Shares 48,570		48,570
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,331,489	NPV Ordinary Shares 328,779		328,779
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$61	NPV Ordinary Shares 15		15
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$417	NPV Ordinary Shares 103		103
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$336	NPV Ordinary Shares 83		83
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$2,126,963	NPV Ordinary Shares 525,202		525,202
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$315,453	NPV Ordinary Shares 77,587		77,587
12/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,699,551	NPV Ordinary Shares 420,161		420,161
12/04/2019	M&G Investment Management Limited		Purchase	$15,029	NPV Ordinary Shares 3,711		3,711

					603 Page 5 of 10		4/25/2019
12/04/2019	M&G Investment Management Limited		Purchase	$12,010	NPV Ordinary Shares 2,969		2,969
12/04/2019	M&G Investment Management Limited		Purchase	$2,228	NPV Ordinary Shares 548		548
12/04/2019	M&G Investment Management Limited		Purchase	$29,426	NPV Ordinary Shares 7,266		7,266
12/04/2019	M&G Investment Management Limited		Purchase	$23,510	NPV Ordinary Shares 5,812		5,812
12/04/2019	M&G Investment Management Limited		Purchase	$4,363	NPV Ordinary Shares 1,073		1,073
15/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$318,560	NPV Ordinary Shares 76,196		76,196
15/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$776,166	NPV Ordinary Shares 185,650		185,650
15/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$242	NPV Ordinary Shares 58		58
15/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,239,866	NPV Ordinary Shares 296,562		296,562
15/04/2019	M&G Investment Management Limited		Purchase	$8,763	NPV Ordinary Shares 2,096		2,096
15/04/2019	M&G Investment Management Limited		Purchase	$17,154	NPV Ordinary Shares 4,103		4,103
16/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$122,093	NPV Ordinary Shares 29,047		29,047
16/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,777,683	NPV Ordinary Shares 422,423		422,423
16/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$63,119	NPV Ordinary Shares 15,023		15,023
16/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$297,476	NPV Ordinary Shares 70,772		70,772
16/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$153,796	NPV Ordinary Shares 36,605		36,605
16/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$50	NPV Ordinary Shares 12		12
16/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$92	NPV Ordinary Shares 22		22
16/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$245,674	NPV Ordinary Shares 58,473		58,473
16/04/2019	M&G Investment Management Limited		Purchase	$1,735	NPV Ordinary Shares 413		413
16/04/2019	M&G Investment Management Limited		Purchase	$3,399	NPV Ordinary Shares 809		809
17/04/2019	Eastspring Investments (Singapore) Limited		Sale	$943,421	NPV Ordinary Shares 226,110		226,110
17/04/2019	Eastspring Investments (Singapore) Limited		Sale	$4,396,764	NPV Ordinary Shares 1,051,631		1,051,631
17/04/2019	M&G Investment Management Limited		Sale	$176,434	NPV Ordinary Shares 42,200		42,200
17/04/2019	M&G Investment Management Limited		Sale	$766,923	NPV Ordinary Shares 183,435		183,435
18/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,067,402	NPV Ordinary Shares 241,461		241,461
18/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$1,859,446	NPV Ordinary Shares 420,632		420,632
18/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$218,440	NPV Ordinary Shares 49,414		49,414
18/04/2019	Eastspring Investments (Singapore) Limited		Purchase	$26,148	NPV Ordinary Shares 5,915		5,915