Posting of circular including notice of General Meeting and proposed change of name Forbes & Manhattan Coal Corp. (Registration number: 002116278) (External company registration number: 2011/011661/10) Share code on the Toronto Stock Exchange: FMC Share code on the JSE Limited: FMC ISIN: CA3451171050 (“Forbes”) POSTING OF A CIRCULAR REGARDING THE FUNDING PACKAGE FROM RESOURCE CAPITAL FUND V L.P. (“RCF”) AND PROPOSED CHANGE OF NAME Shareholders are advised that a circular has been distributed to Forbes shareholders on 11 March 2014 which includes a notice of general meeting to be held on 3 April 2014 (“General Meeting”). Resolutions relating to the RCF funding package and a resolution proposing a change of name from Forbes & Manhattan Coal Corp. to Buffalo Coal Corp. will be presented for shareholder approval at the General Meeting. Shareholders are referred to the salient dates below with regards to the proposed change of name. 2014 Circular posted on Tuesday, 11 March Receipt of forms of proxy in respect of the general meeting by 10h00 (Toronto time) on Tuesday, 1 April General meeting at 10h00 (Toronto time) on Thursday, 3 April Results of the general meeting published on SENS on Friday, 4 April Last day to trade under the old name of Forbes & Manhattan Coal Corp. Wednesday, 16 April Shares trade under the new name of Buffalo Coal Corp. (shareholders will be advised of the new ISIN and JSE and TSX codes which will be provided after the General Meeting) from the commencement of trading on Thursday, 17 April Record date in respect of the change of name 12h00 (“Change of Name Record Date”) on Friday, 25 April Date of issue of replacement share certificates and posting thereof to those holders of certificated shares who have lodged their share certificates and forms of surrender on or before 12h00 on the Change of Name Record Date and updating of CSDP accounts on behalf of holders of dematerialised shares. Tuesday 29 April Notes: 1. All times indicated above are South African times, unless indicated otherwise. 2. New share certificates will be posted to certificated shareholders within five business days of receipt of the form of surrender and the relevant documents of title if received after 12h00 on the Change of Name Record Date. 3. No transfer between the Canadian register and the South African register will be permitted during the period Thursday, 3 April 2014 and Friday, 25 April 2014, both dates inclusive. 4. Share certificates in the name of Forbes & Manhattan Coal Corp. may not be dematerialised or rematerialised after Wednesday, 16 April 2014. 12 March 2014 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 12/03/2014 12:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.