Press Releases

Continued strong operational performance leads to year-end unrestricted cash levels of $1.01 billion; Company completes additional $200 million of debt reduction and $107 million of share buybacks in quarter; Peabody achieves additional milestone in shareholder returns by initiating quarterly dividend; New revolver upsized to $350 million and Australian surety bond capacity initiated; $175 million in restricted cash released; Capital structure simplified as preferred shares fully converted to common stock in late January 2018.

Peabody's diversified platform delivers strongest mining performance since 2012; Company delivers on 2017 deleveraging targets ahead of schedule and executes on share repurchases; Voluntary debt repayment and term loan amendment reduce annual fixed charges and provide flexibility for additional shareholder returns.

Australian and U.S. mining contributions rise; Australian thermal segment achieves record results; Forward cash profile improves from substantial U.S. NOL position and lower interest expense due to voluntary debt reduction; Operating results and improving cash profile drive accelerated deleveraging and share buyback authorization.

Permits resale of certain common and preferred securities that were restricted at emergence

Significant Milestone Backed By Overwhelming Consensus Positions Peabody for Emergence

- Court approves $800 million of Debtor-in-Possession financing facilities on interim basis, with $200 million of $500 million term loan immediately available to Company

• Peabody Energy Corporation and majority of U.S. entities file for voluntary Chapter 11 protection

- 2015 revenues of $5.61 billion lead to Adjusted EBITDA of $434.6 million, including $23.5 million in restructuring charges

- Third quarter revenues of $1.42 billion lead to Adjusted EBITDA of $129.0 million

- Second quarter revenues of $1.34 billion lead to Adjusted EBITDA of $87.0 million, including $21.2 million in restructuring charges