On February 25, 2020, Universal Coal Plc announced that it has, in light of the unsolicited offer made by a wholly owned subsidiary of TerraCom Limited, TCIG Resources Pte Ltd, for the shares in the Company it did not, at the date of the Unsolicited Bid, already own, commenced proceedings in the High Court of Justice of England and Wales seeking a determination that certain conditions in article 18.1(b) of the articles of association of the Company have been satisfied. The Company recommended shareholders to take no action in respect of the unsolicited bid, pending receipt and distribution of the independent expert’s report that is being prepared by Deloitte Corporate Finance Pty Ltd.