REG-Bisichi Plc: Trading Update

BisichiAnnouncement

06/06/2022 07:15

This announcement contains information for the purposes of Article 7 of
Regulation (EU) No 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018

BISICHI PLC
(“Bisichi” or the “Company”)

TRADING UPDATE

Further to the Company’s 2021 financial results published on 20 April 2022
(the “Full Year Results”), the Company is pleased to provide the following
update on current trading.

In the Full Year Results announcement, the Company detailed that the coal
market conditions had improved in 2022 and that in the first of quarter of
2022 the weekly API4 coal price averaged $238 per metric tonne and the export
coal sales from the Company’s South African operations were in line with the
average export tonnages achieved in 2021. The Company confirms that the coal
market conditions have continued to remain strong since the date of the Full
Year Results announcement. Accordingly, the Company expects to report results
for the six months ended 30 June 2022 which are very substantially ahead of
the results reported for the 12 months ended 31 December 2021.

For further information, please call:

Andrew Heller/Garrett Casey
Bisichi PLC
020 7415 5030



Copyright (c) 2022 PR Newswire Association,LLC. All Rights Reserved