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Warrior agrees to repurchase 500 000 shares of common stock

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World Coal,

Warrior Met Coal, Inc. (Warrior) has announced the pricing of its previously announced underwritten secondary offering of 8 000 000 shares of its common stock by certain of its existing stockholders (the selling stockholders). The company has agreed to repurchase from the underwriter 500 000 shares of common stock.

The selling stockholders will receive all of the net proceeds from the offering. The company is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in the offering. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

The company’s per-share purchase price for the repurchased shares will be the same as the per-share purchase price payable by the underwriter to the selling stockholders. The company expects to fund the stock repurchase with cash on hand. The stock repurchase will be made pursuant to, and would count toward, the company’s recently announced stock repurchase programme. The closing of the stock repurchase is contingent on the consummation of the offering. In addition, the closing of the offering is conditioned on the satisfaction or waiver of various conditions including, without limitation, the consummation of the stock repurchase.

The offering and stock repurchase are expected to close on 10 May 2018, subject to the satisfaction of customary closing conditions.

Credit Suisse Securities (USA) LLC is acting as the sole underwriter for the offering. The offering is being made pursuant to an effective automatic shelf registration statement on Form S-3 previously filed by the Company with the Securities and Exchange Commission (the SEC).

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