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For personal use TerraCom Limited Blair Athol Mine Access Road Clermont , Queensland , 4721 +61 7 4983 2038 ABN 35 143 533 537 ASX ANNOUNCEMENT TERRACOM 30 July 2021 QUARTERLY REPORT – APRIL TO JUNE 2021 TerraCom Limited ( TerraCom or Company ) ( ASX : TER ) presents its quarterly activities report for the 3 months ending 30 June 2021 ( June Quarter ) . Commenting on the result , Craig Ransley , TerraCom Executive Chairman , said , " TerraCom achieved a solid increase in operating EBITDA of 63 % from the previous quarter demonstrating positive implementation of management changes applied . We are well positioned moving forward to take advantage of the strengthening coal market " . Q4 HIGHLIGHTS ✓ Total group coal sales for the full financial year to 30 June 2021 totalled 9.18 million managed tonnes . South Africa ( SA ) managed coal sales increased by 126kt or 7 % compared to the March 2021 quarter and all three ( 3 ) SA operating mines exceeded contracted off - take quantities to Eskom for the June Quarter . This result demonstrates South Africa returning to pre - pandemic levels . Operating EBITDA¹ result of A $ 23.9 million for the June Quarter , an increase of 63 % from previous quarter . • • The Blair Athol ( BA ) EBITDA margin realised in the June Quarter was A $ 24.0 per sold tonne . All three SA operating mines ( NBC , NCC and Ubuntu ) delivered positive EBITDA for the quarter . The EBITDA margin realised in the June Quarter was A $ 6.4 per sold tonne – representing an increase of 68 % compared to the March 2021 quarter . Immediate operational improvements delivered at the SA operations following the finalisation of the integration of the South African business into the TerraCom management system . Operating EBITDA¹ for the June Quarter for both BA and SA represent a significant portion of the full year EBITDA , 70 % and 43 % respectively . The SA result demonstrates the immediate positive impact of the management changes implemented . 1 Non IFRS measure . Based on management accounts . The data presented represents 100 % of the result from the South Africa Business Unit and therefore includes other equity holders , noting TerraCom's equity interest in the mines ranges from 48.9 % to 70.5 % . The data presented does not include the TerraCom corporate costs . terracomresources.com/info@terracomresources.com Page 1