Report of voting results at annual general meeting 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 Coal” or “the Company”) REPORT OF VOTING RESULTS AT ANNUAL GENERAL MEETING In accordance with section 11.3 National Instrument 51-102 – Continuous Disclosure Obligations, the following sets out the matters voted on at the Annual and Special General Meeting of Shareholders of Forbes & Manhattan Coal Corp. (the “Company”) held on June 27, 2014. Each of the matters set out below is described in greater detail in the Notice of Annual and Special General Meeting of Shareholders and Management Information Circular mailed to shareholders prior to the Meeting. Election of Directors The shareholders approved the election as directors of the persons listed below, based on the following vote. % Votes For % Votes Withheld John Dreyer 98.96% 1.04% Bob Francis 98.96% 1.04% Michael Price 98.96% 1.04% David Thomas 100% 0% Craig Wiggill 98.96% 1.04% Bernard Wilson 98.96% 1.04% Appointment of Auditors The shareholders approved the appointment of McGovern, Hurley, Cunningham, LLP as the auditors of the Company for 2014 fiscal year and authorized the Board of Directors to fix their remuneration, based on the following vote. % Votes For % Votes Withheld 99.10% 0.90% Convertible Loan The disinterested shareholders approved the payment of an establishment fee in connection with a convertible loan to the Company from Resource Capital Fund V L.P. (“RCF”), the payment of interest on the convertible loan and a refinancing of an existing loan with RCF, and the issuance of common shares in the capital of the Company to RCF in satisfaction of the conversion of the principal amount of an existing bridge loan with RCF, and the establishment fee, interest and conversion of the principal amount of the proposed convertible loan and refinancing. % Votes For % Votes Against 98.11% 1.89% Issuance of Warrants The disinterested shareholders approved the issuance of warrants to Investec Bank Limited (“Investec”), exercisable for common shares in the capital of the Company having an aggregate value of 50 million South African Rand in connection with a restructuring of the Company’s senior debt to Investec. % Votes For % Votes Against 98.10% 1.90% Change of Name The shareholders approved the change of the Company’s name to “Buffalo Coal Corp.” or such other name as may be acceptable to the Ontario Ministry of Government Services and the Toronto Stock Exchange. % Votes For % Votes Withheld 99.05% 0.95% FORBES & MANHATTAN COAL CORP. Neil Said Corporate Secretary 1 July 2014 Johannesburg Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 01/07/2014 10:46:00 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.