Allegiance Coal Limited announced the Strategic Review also concluded that Mark Gray needs to remain closer to the business in light of a number of recent challenges faced in relation to sales and logistics. Mark's unique skillset and deep knowledge and understanding of the business is seen as complementary to CEO Jon Romcke's skill set. As a result, the Board has resolved that Mark will resume his role as Chairman of the Board of Allegiance.

Mark's remuneration and terms of engagement shall remain unchanged. The Board takes this opportunity to thank Mr. Bernie Mason for stepping into this role during the Strategic Review. Mr. Mason resumes his former position as independent non-executive director.