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New South Wales-Coal Exploration License,Gunnedah & China Shenhua Energy Co Ltd	Update Date: 11/24/08
Date Announced: 08/14/08
Value (million $USD): 260.9 million U.S. Dollar 300.0 million Australian Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	08/14/08
Date Originally Announced	08/14/08
Format	Acq. of Assets	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	n/a
Value	260.9 million U.S. Dollar 300.0 million Australian Dollar	Advisor Fees	n/a

SYNOPSIS
AUSTRALIA - China Shenhua Energy Co Ltd, a unit of Chinese state-owned Shenhua Group Corp Ltd, agreed to acquire a coal exploration license, located in Gunnedah, from the New South Wales government, for 300 mil Australian dollars ($260.88 mil US).

TARGET
Name	New South Wales-Coal Exploration License,Gunnedah
Industries	n/a
City	n/a
State	n/a
Nation	Australia
Incorporated in	n/a
Public Status	Subsidiary
Business Description	A coal exploration license, located in Gunnedah, which is owned by the New South Wales government.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	China Shenhua Energy Co Ltd (Hong Kong : 1088)
Industries	Bituminous coal and lignite surface mining; Electric and other services combined; Coal and other minerals and ores
City	Beijing
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Public
Business Description	China Shenhua Energy Co Ltd, located in Beijing, China, is a coal mining company. Its other activities include power distribution in China, transportation, harbour and port, and financial services. The group operates coal mines as well as an integrated railway network and a seaport that are primarily use to transport the group's coal sales. The primary customers of the group's coal sales include power plants and metallurgical producers in the PRC. The group also operates power plants in the PRC, which are engaged in the generation and sale of coal-based power to provincial/regional electric grid companies. The company was founded in 2004.
Advisors	Deutsche Bank AG
Acquiror Sales	11.26 billion U.S. Dollar 82.11 billion Chinese Yuan

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