20 15 ANNUAL REPORT

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ANNOUNCING TerraCom Limited In October 2015, shareholders are being asked to support the transition of Guildford Coal Limited to our new brand: TerraCom Limited. The implementation of our growth strategy will be assisted by the rebranding to TerraCom. The brand TerraCom provides the platform to launch and expand into the global energy and resources market. This new brand will symbolise the delivery of our strategy and leverage off the success of our current Guildford Coal activities, specifically our Mongolian operating business Terra Energy Limited. The values of TerraCom are determined as follows. We will: • Have passion in delivering best practice behaviours in health, safety, the environment and dealing with our communities. • Work with integrity. • Manage the business by: -- Being visible and active in our business and with our people. -- Always having a plan for our business. -- Knowing our business drivers, details and numbers. -- Being commercially and fiscally responsible. • Deliver business outcomes: -- We will do what we say. -- We will have urgency. -- We will not walk past non-compliance. -- We will provide reliable, leading returns to our stakeholders. • Promote accountability and responsibility at all levels of our business. GUILDFORD COAL ANNUAL REPORT Page 10
STRATEGY Explorer to global producer After a recent board and management restructure and as part of a strategic review, a new strategy was adopted by the Company. This positions TerraCom as a producer that is ready to act and is poised for growth. Financial focus to lead to greater returns for shareholders Readiness for global growth • Source JV partner for Australian assets so exploration projects can become self-funding, progress through the approval process and into production • Increase revenue while maintaining spend • Deleverage the balance sheet • Continue excellent progress in Mongolia and further increase production in next financial year • Establish an office in Singapore, allowing closer proximity to shareholders, financiers, existing mining operations and shareholders • Focus on acquisition/relationship growth on regions with inherently low-cost bases and access to Asian markets • Look for revenue producing asset acquisition in stable economies that have supportive company growth frameworks GUILDFORD COAL ANNUAL REPORT Page 11
Page 1 and 2: 20 15 ANNUAL REPORT GUILDFORD COAL
Page 3 and 4: GUILDFORD COAL CONTENTS COMPANY OVE
Page 5 and 6: GUILDFORD COAL CHAIRMAN’S LETTER
Page 7 and 8: GUILDFORD COAL GROUP MANAGING DIREC
Page 9: Above : BNU Operations, Mongolia Ri
Page 13 and 14: PROJECT UPDATE MONGOLIA Equity stak
Page 15 and 16: Mongolia - South Gobi The South Gob
Page 17 and 18: GUILDFORD COAL ANNUAL REPORT Page 1
Page 19 and 20: Above : Map of Queensland Guildord
Page 21 and 22: Springsure Project Key highlights:
Page 23 and 24: Logistics: The projects proximity t
Page 25 and 26: Sierra Project Key highlights: •
Page 27 and 28: mineralisation on Mid Gobi Project
Page 29 and 30: DIRECTORS’ REPORT FOR THE YEAR EN
Page 31 and 32: Mr Michael Avery Qualifications Exp
Page 33 and 34: Loo Hwee Fang Independent Director
Page 35 and 36: Mr Peter Kane Qualifications Experi
Page 37 and 38: - Dates for conversion: at any time
Page 39 and 40: INCOME STATEMENT ANALYSIS The Group
Page 41 and 42: ii. Subsequent to this, an in princ
Page 43 and 44: • JORC Code (2012) resource of 32
Page 45 and 46: elation to OCP convertible notes an
Page 47 and 48: producers, climate, inflation, inte
Page 49 and 50: • There has been no increase to b
Page 51 and 52: 8. Remuneration details for the yea
Page 53 and 54: (6) Craig Ransley is a 0.09% shareh
Page 55 and 56: elation to gender, age, cultural ba
Page 57 and 58: Ernst & Young 111 Eagle Street Bris
Page 59 and 60: CONSOLIDATED STATEMENT OF COMPREHEN
Page 61 and 62:
CONSOLIDATED STATEMENT OF CHANGES I
Page 63 and 64:
The financial report of Guildford C
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the subsidiary and ceases when the
Page 67 and 68:
Other taxes Revenues, expenses and
Page 69 and 70:
The effective interest method is us
Page 71 and 72:
Exchange differences arising on tra
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t) Earnings per share Basic earning
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w) New Accounting Standards and Int
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2015 2014 $ $ Other operating expen
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Basis of accounting for purposes of
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e) Segment assets and liabilities A
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Note 9 Other assets 2015 2014 $ $ C
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Movements in carrying amounts of in
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12929X Mid Gobi, Mongolia 100% 100%
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to extend the principle repayment o
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until 8 July 2015. The Group was th
Page 93 and 94:
) Acquisition reserve Acquisition r
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Note 20 Cash flow Information a) Re
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$ Consideration received - Net asse
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Note 23 Fair value measurement The
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Note 25 Financial risk management T
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Foreign currency risk sensitivity a
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Note 27 Contingencies Contingent li
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Note 29 Events occurring after the
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DECLARATION BY DIRECTORS The direct
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i ii giving a true and fair view of
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GUILDFORD COAL ANNUAL REPORT Page 1
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20 15 ANNUAL REPORT

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