Yancoal Australia extends bank guarantee facilities through 2028

Yancoal Australia Ltd announced new guarantee facility agreements with independent third-party financiers and related entities, effective December 10, 2025. These include the 2026 Australian Entities Framework Bank Guarantee Agreement, valid for three years from January 1, 2026 to December 31, 2028, and the 2026 Premier Coal Framework Bank Guarantee Agreement, effective for one year from January 1, 2026 to December 31, 2026. These new agreements supersede previous arrangements.

Under these agreements, Australian Entities and Premier Coal, both wholly-owned subsidiaries of controlling shareholder Yankuang Energy, will pay Yancoal Australia bank guarantee fees equivalent to those paid by the Group to financiers, plus an 8.25% margin, within 20 business days. These transactions are considered continuing connected transactions.

The annual cap for the 2026 Australian Entities Framework Bank Guarantee Agreement for each year from 2026 to 2028 is A$60m. For the 2026 Premier Coal Framework Bank Guarantee Agreement, the annual cap for 2026 is A$35m. These caps reflect historical transaction amounts and anticipated future demand for bank support documents from the Australian Entities and Premier Coal.