Company Overview of Arch Coal Sales Company, Inc.

The US Bankruptcy Court approved the fourth amended plan of reorganization of Arch Coal Inc. on September 13, 2016. As per the approved plan, administrative expense claims of $264 million, priority tax claims of $22.3 million, professional fee claims and DIP facility claims of $275 million shall be paid in full in cash. Other priority claims of $0.7 million, contingent securitization obligations of $178 million and other secured claims of $41.47 million shall receive cash in full satisfaction. First Lien Credit Facility secured claims of $1.89 billion shall receive total cash payment equal to the greater of $144.80 million less the amount of the adequate protection payments and $30 million; $326.5 million in principal amount of New First Lien Debt; and 94% of the new common stock. General unsecured claims of $394 million shall receive a recovery of 1.9 % and shall be paid in cash. Unsecured Funded Debt Claim of Unsecured Funded Debt claims of $4.46 billion shall receive ratable share of cash, new warrants and new common stock. Section 510(b) Claims shall neither receive any distributions nor retain any property on account thereof pursuant to the Plan. All Section 510(b) Claims shall be canceled and extinguished. The holders of Interests in Arch Coal shall neither receive any distributions nor retain any property on account thereof pursuant to the Plan. All Interests in Arch Coal shall be canceled and extinguished. The Interests in the Subsidiary Debtors shall be, in Reorganized Arch Coal’s sole discretion, Reinstated or canceled on the Effective Date or as soon thereafter as reasonably practicable. The plan shall be funded from debtor’s cash in hand, new first lien debt and from issuance of new common stock.

Arch Coal Inc., along with its affiliates, filed a fourth amended joint plan of reorganization in the US Bankruptcy Court on September 11, 2016. Treatment of all the classes of claims remain same as per the previous plan.

Arch Coal Inc., along with its affiliates, filed a third amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on July 6, 2016. As per the amended plan filed, First Lien Credit Facility secured claims of $1.89 billion shall receive total cash payment equal to the greater of $144.80 million less the amount of the adequate protection payments and $30 million; $326.5 million in principal amount of New First Lien Debt; and 94% of the new common stock. Unsecured Funded Debt claims of $4.46 billion shall receive ratable share of $22.636 million in cash, new warrants or $25 million in cash, and new common stock. General unsecured claims of $394 million shall receive its ratable share of the GUC cash distribution with recovery of 1.9%. No other changes were made in the treatment of other claim classes.