Contura Announces Closing of Transaction with Eagle Specialty Materials Related to Powder River Basin Mines

BRISTOL, Tenn., October 21, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the closing on October 18, 2019 of its previously announced transaction with Eagle Specialty Materials, LLC (Eagle Specialty Materials), an affiliate of FM Coal, LLC (FM Coal), in connection with Eagle Specialty Materials’ concurrent acquisition of the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin (PRB) in Campbell County, Wyoming (Western Assets).

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Contura Announces Agreement to Resolve Reclamation Obligations Related to Powder River Basin Mines

Deal Allows for the Replacement of $237M in Contura-Held Reclamation Bonds and Related Collateral

BRISTOL, Tenn., September 18, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that it has entered into an agreement with Eagle Specialty Materials, LLC (Eagle Specialty Materials), an affiliate of FM Coal, LLC, related to Eagle Specialty Materials’ interest in acquiring and operating the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin (PRB) in Campbell County, Wyoming. Subject to the completion of certain agreements with other private and governmental interested parties, the approval of regulatory and legal authorities, the occurrence of the closing and certain other covenants and conditions, Contura will be released of any and all bonding, reclamation, and operational liabilities related to the two PRB mines.

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Emily Medine Appointed to Contura Energy’s Board of Directors

BRISTOL, Tenn., September 11, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that Emily S. Medine has been appointed to the company’s board of directors, effective September 10, 2019. Ms. Medine currently serves as a principal in the coal practice for Energy Ventures Analysis, Inc. (EVA).

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Contura Subsidiary Receives National Reclamation Award

BRISTOL, Tenn., September 10, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading coal supplier, today announced that one of its affiliate operations, Paramont Contura, LLC’s 88 Strip surface mine, earned the 2019 Outstanding Reclamation Award in the coal category given by the National Association of State Land Reclamationists (NASLR). The award was presented September 9 in a ceremony at the NASLR annual conference in Pittsburgh, Pa.

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Contura Announces $100 Million Stock Repurchase Plan

BRISTOL, Tenn., August 29, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that its Board of Directors has approved a stock repurchase plan (the “Company Repurchase Plan”) to acquire up to $100 million in the aggregate of the company’s common stock at prices as set forth in such plan over a specified period, in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934.

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Contura Announces Second Quarter 2019 Results

BRISTOL, Tenn., August 14, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the second quarter ending June 30, 2019.

Highlights include:

• Net Income from continuing operations of $24 million for the second quarter 2019 compared with $8 million in the first quarter and $75 million in the same period last year(1)
• Adjusted EBITDA(3) of $141 million for the quarter compared with $83 million in the first quarter and $86 million in the same period last year(1)
• Significant operational cost improvements in each operating segment compared to the first quarter 2019
• Experienced coal executive David Stetson appointed as the company’s CEO and member of the board on July 29; elected chairman on August 12
• Updating 2019 guidance

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Contura Announces Board and Leadership Changes

BRISTOL, Tenn., August 13, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced a number of changes to both its board of directors and senior management.

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Contura to Announce Second Quarter 2019 Results on August 14

BRISTOL, Tenn., August 8, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, plans to announce its financial results for the second quarter 2019 before the market opens on Wednesday, August 14, 2019.

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Contura Appoints David Stetson as Chief Executive Officer and Member of the Board

BRISTOL, Tenn., July 29, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that its board of directors has unanimously appointed David J. Stetson as the company’s new chief executive officer and as a member of the board, effective July 29, 2019. Mr. Stetson previously served on Contura’s board of directors from November 2018 through April 2019. “Since we began this search process, our board has focused on identifying a candidate with the right mix of coal market acumen, robust executive experience, strategic ability, and natural leadership talent to create value for Contura’s shareholders,” said board chairman, Neale Trangucci. “David exemplifies these qualities and, combined with his existing familiarity with many of Contura’s operational assets, will no doubt hit the ground running in leading Contura forward.”

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Contura Proposes to Be Named Stalking Horse Bidder for Certain Blackjewel Assets

BRISTOL, Tenn., July 25, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that one or more of its subsidiaries (together, Contura) will seek to serve as the stalking horse purchaser for certain assets offered for sale through the bankruptcy proceedings of Blackjewel L.L.C. and Blackjewel Holdings L.L.C. (together, Blackjewel, or the Debtors). Specifically, Contura would acquire substantially all of the assets of the Belle Ayr and Eagle Butte thermal coal mines in the Powder River Basin (PRB) in Campbell County, Wyoming, including related facilities and equipment (Western Assets), as well as substantially all of the assets of the S-7 Surface metallurgical coal mine, (commonly referred to as the Pax Surface mine) in Fayette County, West Virginia, including related facilities and equipment (Pax Assets).

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Contura Provides Update on CEO Search

Company Also Discusses Permit Holder Obligations for Powder River Basin Mines

BRISTOL, Tenn., July 18, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today provided updates on both the company’s ongoing search process for a new, permanent chief executive officer, and the status of the obligations of its subsidiary, Contura Coal West, LLC (Contura Coal West), as permit holder for the two Powder River Basin surface mines that were divested in December of 2017.

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Contura Announces Completion of Successful Refinancing Through $561.8 Million Term Loan Credit Facility

Terms of the New Facility Increase the Company’s Capital Return Flexibility

BRISTOL, Tenn., June 17, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the completion of its refinancing process through a previously disclosed five-year, $561.8 million senior secured term loan facility. The new facility offers Contura more flexibility to return capital to shareholders by allowing for unlimited restricted payments while the company’s total leverage ratio is 3.0x or less and there is no default.

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Contura Announces First Quarter 2019 Results

BRISTOL, Tenn., May 15, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the first quarter ending March 31, 2019.

Highlights include:

• Net Income from continuing operations of $8 million for the first quarter 2019 compared with $58 million in the same period last year(1)
• Adjusted EBITDA(3) of $83 million for the quarter compared with $99 million in the same period last year(1)
• Under Contura’s new interim leadership, company obtains commitments for new $555 million first lien facility to replace its existing term loan, substantially improving capital return flexibility
• Board of directors adopts capital return program; capital return of up to $250 million authorized
• Company approves new low-cost, West Virginia metallurgical coal project; expected online in 2020
• Integration activities are progressing as planned, and search for permanent CEO well underway
• Updating cost guidance for 2019

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Contura to Announce First Quarter 2019 Results on May 15

BRISTOL, Tenn., May 6, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, plans to announce its financial results for the first quarter 2019 before the market opens on Wednesday, May 15, 2019.

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Contura Announces Appointment of Interim Co-CEOs

BRISTOL, Tenn., April 24, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that the company’s board of directors has appointed Andy Eidson, Contura’s executive vice president and chief financial officer, and Mark Manno, Contura’s executive vice president, chief administrative and legal officer and secretary, as interim co-chief executive officers, effective May 7. As previously announced, Kevin Crutchfield, Contura’s current CEO, is resigning from the company effective May 6.

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Contura Announces Departure of Chief Executive Officer

BRISTOL, Tenn., April 22, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that its chief executive officer, Kevin Crutchfield, will be leaving his role as chief executive officer, effective May 6, in order to pursue an opportunity outside of the coal industry, which is expected to be announced shortly. Mr. Crutchfield’s departure is not the result of any dispute or disagreement with the company or any matter related to the company’s operations, policies, management, or board of directors.

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Contura Announces Fourth Quarter and Full-Year 2018 Results

BRISTOL, Tenn., April 1, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the fourth quarter and full-year 2018 through December 31, 2018.

Highlights include:

• Net income from continuing operations of $156 million for the fourth quarter 2018 compared with net income of $115 million in the same period last year
• Adjusted EBITDA of $111 million for the quarter compared with $44 million in the same period last year
• Merger related synergies progressing ahead of schedule

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Contura to Announce Fourth Quarter and Full-Year 2018 Results on April 1

BRISTOL, Tenn., March 28, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, plans to announce its financial results for the fourth quarter and full-year 2018 before the market opens on Monday, April 1, 2019.

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Contura Announces 2019 Guidance

BRISTOL, Tenn., January 24, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced production, cost of sales and operational guidance for full-year 2019.

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Contura to Announce 2019 Guidance on January 24

BRISTOL, Tenn., January 22, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, plans to announce its production, cost of sales and operational guidance for full-year 2019 before the market opens on Thursday, January 24, 2019.

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Contura Announces Stock Repurchase Plan

Company Also Announces Timing of 2019 Guidance

BRISTOL, Tenn., December 6, 2018 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that its Board of Directors has approved a stock repurchase plan (the “Company Repurchase Plan”) to acquire up to $15 million in the aggregate of the company’s common stock at prices as set forth in such plan over a specified period, in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934.

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Contura Announces Third Quarter 2018 Results

BRISTOL, Tenn., November 14, 2018 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the third quarter and year-to-date through September 30, 2018.

Highlights include:

• Net Income from continuing operations of $14 million for the third quarter 2018 compared with $10 million in the same period last year(1)
• Adjusted EBITDA of $39 million for the quarter compared with $42 million in the same period last year(1)
• Merger with Alpha officially closed on November 9, 2018, creating the largest metallurgical coal supplier in the U.S. The third quarter results disclosed herein do not include any effects of the Alpha transaction
• The company now trades on the NYSE under the symbol “CTRA”
• Successfully refinanced the company’s and legacy Alpha’s term loans with a new 7-year, $550 million term loan credit facility
• Upsized the asset-backed revolving credit facility from $125 million to $225 million

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Contura Announces Completion of Business Combination With Alpha Natural Resources

Combined Company Begins Trading Immediately on the NYSE as CTRA

Company Also Announces Completion of its Transaction-Related Refinancing Process

BRISTOL, Tenn., November 9, 2018 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the successful closing of its previously announced business combination with ANR, Inc. (“ANR”) and Alpha Natural Resources Holdings, Inc. (“Holdings” and together with ANR, “Alpha”). In conjunction with the transaction closing, Contura common shares were listed on the New York Stock Exchange (NYSE) and began trading immediately under the symbol CTRA.

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Alpha Stockholders Approve Merger With Contura Energy

Transaction Expected to Close on November 9, 2018

BRISTOL, Tenn., November 7, 2018 – Contura Energy, Inc. (“Contura”), ANR, Inc. (“ANR”) and Alpha Natural Resources Holdings, Inc. (“Holdings” and together with ANR, “Alpha”), today announced that, in connection with the proposed business combination between Contura and Alpha (the “Proposed Transaction”), common stockholders of both Holdings and ANR voted affirmatively to adopt the Amended and Restated Agreement and Plan of Merger, dated as of September 26, 2018, among Contura, ANR, Holdings, Prime Acquisition I, Inc. and Prime Acquisition II, Inc. A special meeting of the stockholders of ANR and a separate special meeting of the stockholders of Holdings, both held earlier today, were previously announced on October 17, 2018.

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Contura Energy and Alpha Natural Resources Announce Date for Special Meetings of Alpha Stockholders to Approve Proposed Transaction

Special Stockholder Meetings Scheduled for November 7, 2018

Registration Statement Declared Effective by the SEC

BRISTOL, Tenn., October 17, 2018 – Contura Energy, Inc. (“Contura”), ANR, Inc. (“ANR”) and Alpha Natural Resources Holdings, Inc. (“Holdings” and together with ANR, “Alpha”) today announced that, in connection with the proposed business combination between Contura and Alpha (the “Proposed Transaction”), a special meeting of the stockholders of Holdings will be held at 10:00 a.m. on November 7, 2018, and a special meeting of the stockholders of ANR will be held at 10:30 a.m. on November 7, 2018, in each case, at the offices of Katten Muchin Rosenman LLP, 575 Madison Avenue, New York, NY 10022. At the meetings, stockholders will be asked to consider and vote on the adoption of the Amended and Restated Agreement and Plan of Merger, dated as of September 26, 2018, among Contura, ANR, Holdings, Prime Acquisition I, Inc. and Prime Acquisition II, Inc. Stockholders of record of ANR or Holdings at the close of business on September 26, 2018 (the “Record Date”) are entitled to vote their shares, either in person or by proxy, at the applicable special stockholder meeting.

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Contura Energy and Alpha Natural Resources Announce Amended and Restated Merger Agreement

BRISTOL, Tenn., September 27, 2018 – Contura Energy, Inc. (“Contura”), along with ANR, Inc. and Alpha Natural Resources Holdings, Inc. (together, “Alpha”), today announced that the companies have entered into an amended and restated merger agreement, providing an increase in merger consideration to Alpha stockholders and the payment of a special dividend by Alpha. The transaction, the amended terms of which have been unanimously approved by the boards of directors of all parties, is expected to close in the fourth quarter of 2018, subject to Alpha stockholder approval and the satisfaction of other customary conditions.

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Contura Energy and Alpha Natural Resources Announce Public Filing of S-4 Registration Statement Related to Proposed Transaction

BRISTOL, Tenn., August 21, 2018 – Contura Energy, Inc. (“Contura”), along with ANR, Inc. and Alpha Natural Resources Holdings, Inc. (together, “Alpha”), today announced the public filing by Contura of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (SEC) relating to the previously announced proposed merger between the companies. The registration statement was previously submitted confidentially to the SEC on July 16, 2018.

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Contura Announces Second Quarter 2018 Results

BRISTOL, Tenn., August 16, 2018 – Contura Energy, Inc., a leading U.S. coal supplier, today reported results for the second quarter and year-to-date through June 30, 2018.

Highlights include:

• Net Income from continuing operations of $75 million for the second quarter 2018 compared with $18 million in the same period last year(1)
• Adjusted EBITDA of $86 million for the quarter compared with $73 million in the same period last year(1)
• Merger with Alpha progressing with important milestones achieved; transaction expected to close before year-end, likely in early- to mid-fourth quarter
• Strong Trading and Logistics performance, increasing 2018 guidance to 5.6 million to 6.2 million tons
• Cumberland soft clay issue mitigated ahead of schedule; mine back to full operation

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Contura Energy and Alpha Natural Resources Announce Confidential Submission of S-4 Registration Statement Related to Proposed Transaction

BRISTOL, Tenn., July 16, 2018 – Contura Energy, Inc. (“Contura”), along with ANR, Inc. and Alpha Natural Resources Holdings, Inc. (together, “Alpha”), today announced the confidential submission by Contura of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (SEC) relating to the previously announced proposed merger between the companies.

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Contura Updates Cumberland Outlook for 2018

BRISTOL, Tenn., July 2, 2018 – Contura Energy, Inc., a leading U.S. coal supplier, today updated its 2018 production outlook for the Cumberland mine, its longwall thermal coal mine located in Northern Appalachia (NAPP).

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Contura Announces First Quarter 2018 Results

BRISTOL, Tenn., May 24, 2018 – Contura Energy, Inc., a leading U.S. coal supplier, today reported results for the first quarter ending March 31, 2018.

Highlights include:

• Net Income from continuing operations of $58 million for the first quarter 2018 compared with $31 million in the same period last year
• Adjusted EBITDA of $99 million for the quarter compared with $119 million in the same period last year
• Announced all-stock transaction with ANR, Inc. and Alpha Natural Resources Holdings, Inc. (together, “Alpha”) on April 30, 2018
• In conjunction with the Alpha transaction closing, Contura expects to list its common shares on the NYSE

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Contura Energy and Alpha Natural Resources Announce Definitive Merger Agreement

Combined company expected to be the largest metallurgical coal supplier in the U.S.

BRISTOL, Tenn., April 30, 2018 – Contura Energy, Inc. (“Contura”), along with ANR, Inc. and Alpha Natural Resources Holdings, Inc. (together, “Alpha”), today announced that the companies have entered into a definitive merger agreement providing for an all-stock transaction to create a premier U.S. metallurgical coal platform and cost-competitive thermal coal portfolio. The transaction, which has been unanimously approved by the boards of directors of all parties, is expected to close in the third quarter of 2018, subject to Alpha shareholder approval and the satisfaction of other customary conditions.

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Contura Announces Fourth Quarter and Full-Year 2017 Results

BRISTOL, Tenn., March 29, 2018 – Contura Energy, Inc., a leading U.S. coal supplier, today reported results for the fourth quarter and full year through December 31, 2017.

Highlights include:

• Net Income of $97 million for the fourth quarter and $155 million for the full-year 2017
• Adjusted EBITDA from continuing and discontinued operations of $45 million for the fourth quarter and $300 million for the full-year 2017
• Repurchased 530,000 shares for $31.8 million in December and a total of 839,310 shares for $49.2 million over the course of the year
• Paid $100.7 million in special dividends in 2017
• Divested Powder River Basin assets for deferred consideration of up to $50 million; transaction reduces the company’s reclamation obligations by approximately $120 million

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Contura Announces Board Member Resignation

BRISTOL, Tenn., February 13, 2018 – Contura Energy, Inc., a leading U.S. coal supplier, today announced that Jonathan Segal has resigned from the company’s Board of Directors, effective February 13, 2018, in order to focus on other business obligations.

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Contura Announces 2018 Guidance

BRISTOL, Tenn., February 12, 2018 – Contura Energy, Inc., a leading U.S. coal supplier, today announced production, cost and sales guidance for full-year 2018. The company expects to announce its fourth quarter and year-end 2017 results on or around March 29, 2018.

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