South Eastern Coalfields IPO (DRHP filed)

Pursuant to resolutions passed by the Board of Directors and shareholder of the Company at its meeting held on October 24,
2026 and October 27, 2026, the existing authorised Equity Share capital of the Company was sub-divided from 15,400,000 Equity
Shares of ₹ 1,000 each into 7,700,000,000 Equity Shares of ₹ 2 each and accordingly the existing paid up Equity Shares of the
Company was sub-divided from 13,361,122 Equity Shares of ₹ 1000 each into 6,680,561,000 Equity Shares of ₹ 2 each.
*The financial information for foreign listed industry peers mentioned above is on a consolidated basis and have been sourced /
computed from the annual report of the latest completed fiscal year of the respective peers, i.e., Fiscal 2025 ended December 31,
2025 being the Financial Year closure of the respective peers. The said information of foreign listed industry peers as stated above
have been computed after conversion of relevant figures from IDR into ₹ for PT Bukit Asam (Persero) Tbk and AUD$ into ₹ for
Yancoal Australia Limited. For information on exchange rate, please see “Certain conventions, Presentation of Financial, Industry
and Market Data and Currency of Presentation – Exchange Rates” in the Draft Red Herring Prospectus.
#Financial information for our Company is derived from the Restated Consolidated Financial Information as at and for the Fiscal
2026.
@Listed on Indonesia Stock Exchange (“IDX”) have been considered as the Industry Peers (the “Listed Industry Peers”)
considering the nature and size of business of the Companies.
%Listed on Australian Securities Exchange (“ASX”) have been considered as the Industry Peers (the “Listed Industry Peers”)
considering the nature and size of business of the Companies.

Notes:

All the financial information for listed industry peers mentioned above is on a consolidated basis.

For Coal India Limited, Bharat Coking Coal Limited and National Mineral Development Corporation Limited, P/E ratio is
calculated as closing share price as of October 29, 2026, divided by the diluted EPS for year ended March 31, 2026.

For PT Bukit Asam (Persero) Tbk and Yancoal Australia Limited, P/E ratio is calculated as closing share price as of October
29, 2026, divided by the diluted EPS for year ended December 31, 2025. Closing share price have been converted into Indian
Rupee at foreign exchange rate of ₹66.9781per AUD$ and ₹0.005242 per IDR.

Basic and diluted EPS refers to the diluted EPS sourced from the financial statements of the respective peer group companies.

For South Eastern Coalfields Limited, Coal India Limited, Bharat Coking Coal Limited and National Mineral Development
Corporation Limited, NAV per equity share represents Net worth as at the end of the financial year ended March 31, 2026,
divided by the number of equity shares (i.e., equity shares and instruments entirely equity in nature) outstanding at the end
of the year.

For Bukit Asam (Persero) Tbk and Yancoal Australia Limited, NAV per Equity Share represents Net worth as of the end of
the Financial Year ended December 31, 2025, divided by the number of equity shares (i.e., equity shares and instruments
entirely equity in nature) outstanding at the end of the year.

RoNW is calculated as restated profit after tax for the year attributable to owners of the company divided by average net
worth as of the last day of the relevant year. Average Net worth of a particular year is the sum of opening net worth and
closing net worth divided by two.

The shares do not have a par value or face value, as the concept of par value for shares has been abolished under the
applicable corporate laws of the jurisdiction of incorporation.

Closing prices are based on data obtained from Bloomberg.

P/E above 100 is not meaningful.