MEDIA RELEASE PR40757
Media Speculation on Whitehaven Coal
GREENWICH, Conn., HOUSTON and LONDON, Aug. 10 /PRNewswire-AsiaNet/ --
First Reserve Corporation (FRC) notes the speculation in the media in Australia concerning a potential buyout of
Whitehaven Coal (WHC) which would involve FRC.
FRC is not involved in any consortium, or in any proposed consortium, to privatise WHC.
In addition FRC's working relations with the WHC management team are excellent, contrary to media speculation.
About First Reserve Corporation
First Reserve is the world's leading private equity firm in the energy industry, making both private equity and
infrastructure investments throughout the energy value chain. For more than 25 years, it has invested solely in the
global energy industry, and has developed an unparalleled franchise, utilizing its broad base of specialized energy
industry knowledge as a competitive advantage. The firm is currently investing its most recent fund, which closed in
2009 at approximately US $9 billion. First Reserve invests strategically across a wide range of energy industry
sectors, developing a portfolio that is diversified across the energy value chain, backing talented management
teams and building value by building companies. Further information is available at www.firstreserve.com.
SOURCE: First Reserve Corporation
CONTACT: Michael Henman
Cubitt Consulting
+44 (0)20 7367 5106
michael.henman@cubitt.co.uk
or Caroline Merrell
Cubitt Consulting
+44 (0)20 7367 5103
caroline.merrell@cubitt.com
or Caroline Harris
CJP Communications
+1-212-279-3115; ext. 222
charris@cjpcom.com
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