Macarthur Coal update on CITIC voting intentions

Further to its update earlier in relation to the advice received from POSCO and ArcelorMittal in relation to their respective voting intentions at the Macarthur Shareholders Meeting scheduled for April 19th 2010, Macarthur advises that it has received advice from its largest shareholder, CITIC Group as follows

In response to your request, CITIC Group advises that based on analysis of all information currently available to it, CITIC Group is supportive of the rationale for the Noble/Gloucester transactions. Further, CITIC Group appreciates and supports the efforts made by Macarthur’s Board and management to grow the company and to build it into a leading independent coal company in Australia.

However, no decision has been made by CITIC Group as to how it will vote on the resolution at the EGM scheduled for April 19th 2010. CITIC Group will continue to carefully monitor and analyze all developments ahead of the EGM and, as you would expect, CITIC Group expressly reserves the right to vote its 22.4% shareholding at the EGM in any manner that it determines in its absolute discretion.”