Farallon Acquires Additional Shares in Whitehaven Coal Limited

  Farallon Acquires Additional Shares in Whitehaven Coal Limited

Business Wire

SAN FRANCISCO -- June 18, 2013

Farallon Capital Management, L.L.C. along with its wholly-owned sub-advisor,
Noonday Asset Management Asia Pte. Ltd. ("Farallon"), today announced that its
investment funds ("Farallon Funds") acquired 101,589,656 shares in Whitehaven
Coal Limited ("Whitehaven") from entities associated with Nathan Tinkler
(Aston Resources Investments Pty Ltd and Boardwalk Resources Investments Pty
Ltd). These shares represent approximately 9.91% of the issued shares in

The Farallon Funds have also agreed to purchase an additional 16,672,031
Whitehaven shares (approximately 1.63% of the issued shares in Whitehaven)
from ASM Equities Fund, subject to obtaining FIRB approval. The Farallon Funds
also continue to hold a further 52,153,034 Whitehaven shares (approximately
5.09% of the issued shares in Whitehaven).

Farallon believes the current market price of Whitehaven shares does not
reflect the value of the company. The Farallon Funds now have a sizeable
investment in Whitehaven, and Farallon looks forward to growth in shareholder
value over time.

About Farallon Capital Management

Farallon was founded in 1986 and has been a registered investment adviser with
the United States Securities and Exchange Commission since 1990. It invests
globally across asset classes, seeking to achieve superior risk-adjusted
returns through a process of bottom-up fundamental analysis that emphasizes
capital preservation. While its investment philosophy remains consistent, its
execution is flexible, allowing capital to shift among strategies, asset
classes, and geographies based on prevailing opportunities.


For Media:
Steve Bruce/Katrina Allen
ASC Advisors
sbruce@ascadvisors.com / kallen@ascadvisors.com
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