On March 12, 2020, Universal Coal Plc referred to the announcement made by TerraCom Ltd in respect of the interim stop order that was issued by the Australian Securities & Investments Commission in relation to the offer and disclosure document dated February 11, 2020. In the circumstances, the Bid Committee of the Company maintained its recommendation that the shareholders and the holders of CDI take no action in respect of the unsolicited bid pending receipt and distribution by the Company of the independent expert’s report that is being prepared by Deloitte Corporate Finance Pty Ltd in respect of the unsolicited bid.