Limited Liability Company APM-Invest has entered into a share purchase agreement to acquire Beringpromugol and Beringugolinvest and Northern Pacific Coal Company from Tigers Realm Coal Limited (ASX:TIG) for $49 million on April 15, 2024. The Purchase Price must be paid to the ?Sellers in full in immediately available funds within thirty (30) days from the ?Closing Date? being the third business day following the fulfilment or waiver of the ?Conditions to Closing?; and in USD or such other currency as might be agreed by the parties in writing.

The Conditions to Closing include the Federal Antimonopoly Service of Russia and its local agencies (FAS) consent to the acquisition by the Purchaser of the Sale Shares, the Purchaser obtaining a consent of the President of Russia as required, a consent of the ?Governmental Commission? as required pursuant to Federal Law, the Purchaser and the Sellers (the Parties) obtaining any other ?Approvals? or actions of any ?Sanctions Authority?

required to consummate the Transaction contemplated by the SPA, if and to the extent applicable, the Sellers providing to the Purchaser the consents of Beringpromugol and the NPCC for the execution of the applicable Assignment Agreements, all other Approvals required to consummate the Transaction having been obtained or otherwise satisfied and remaining in full force and effect, and all statutory waiting periods in respect of such Approvals having expired, Either the Sellers or the Purchaser may terminate the SPA any of the Conditions to Closing are not satisfied or waived within 180 days from the date of the SPA, Payment Confirmation is not provided within 90 days after the Closing Date; or a party fails to comply with an obligation in respect of Closing or Completion on the date such obligation should have been performed. Pursuant to the SPA TIG intends to convene a general meeting of its Shareholders to seek shareholder approval for the Transaction. TIG plans to use the proceeds from the Transaction to return capital to Shareholders.