New Hope agrees to combine with Malabar Resources

• New Hope will combine with Malabar Resources in an all-share transaction valuing Malabar's fully diluted equity at AUD 1.8 billion.
• Malabar shareholders will receive one share in the combined group for every two Malabar shares, valuing each Malabar share at AUD 2.92.
• Existing New Hope shareholders will own approximately 79% of the combined group; other Malabar shareholders will hold approximately 21%.
• The combination adds the Maxwell underground coal mine in Australia's Upper Hunter Valley, with resources of 2,320 million metric tons.
• Completion is targeted for February or March 2027, subject to Malabar shareholder, court and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Hope Corporation Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: H281ZNW3VSRGEW9L) on October 21, 2026, and is solely responsible for the information contained therein.