GUILDFORD COAL LIMITED CHAIRMAN'S ADDRESS TO EXTRAORDINARY GENERAL MEETING 20 JANUARY 2012 INTRODUCTION

Ladies and Gentlemen,
Good morning. Welcome to the Extraordinary General Meeting for Guildford Coal Limited.
Let me introduce myself. I am Craig Ransley, Non-Executive Chairman of Guildford Coal Limited and Chairman of the meeting.
As we have a quorum, being a minimum of 5 shareholders, I declare this meeting open.
After making my preliminary comments and outlining some housekeeping matters, I will proceed with the more formal aspects of the meeting (as described in the Notice of Meeting you have all received).
If you have not already done so, please turn off your mobile phone now as a courtesy to your fellow shareholders.
Let me introduce my fellow directors: