RELINT: PRC: Disclsure of Directors & Officers Interests

24 May 2010 8:30 am

PRC 24/05/2010 RELINT

REL: 0830 HRS Pike River Coal Limited

RELINT: PRC: Disclsure of Directors & Officers Interests

Ongoing Disclosure Notice Disclosure of Directors and Officers Relevant Interests

Section 19T(2), Securities Markets Act 1988

A Details of director or officer Name of director or officer of public issuer: Peter Whittall

Name of public issuer: Pike River Coal Name of related body corporate (if applicable): Position held in public issuer: General Manager Mines

B Securities in public issuer or any related body corporate in which director or officer has relevant interest Number, class, and type of securities now held: 456,030 Ordinary Shares 800,000 Partly Paid Ordinary Shares 137,837 Ordinary Shares 186,769 Options (2011) 24,500 Options (2011)

C Nature of relevant interest and name of registered holder

Nature of relevant interest in securities: Beneficial Interest Beneficial Interest Indirect interest as trustee Name of registered holder of securities Peter Whittall Peter Whittall P & L Whittall Super Fund

D Details of acquisitions and disposals If the relevant interest was acquired-- Date of acquisition: 21 May 2010 No change 21 May 2010 Consideration paid for acquisition: $121,466.40 N/A NZ$13,508 Number of securities acquired: 138,030 N/A 15,350

If the relevant interest was disposed of-- Date of disposal: Consideration paid for disposal:

Type of transaction Describe the arrangement pursuant to which, or the circumstances in which, the acquisition or disposal took place: Pro-rata Rights Issue; entitlements to 138,030 rights were taken up in the Pike River Coal rights issue to shareholders & option holders. No change Pro-rata Rights Issue; entitlements to 15,350 rights were taken up in the Pike River Coal rights issue to shareholders & option holders.

E Total number of transactions this notice relates to: One No change One

F Date of last disclosure notice by the director or officer: 24 April 2009 24 April 2009 24 April 2009

G Signature Signature of person authorised to sign on behalf of director or officer:

Date of signature: 21 May 2010 Name and title of authorised person: Brian Wayne Roulston Company Secretary End CA:00195217 For:PRC Type:RELINT Time:2010-05-24:08:30:56

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