ICHOR Coal N.V.: Notice of the Extraordinary General Meeting of Shareholders of Ichor Coal N.V. to be held on 8 May 2020

Ichor Coal N.V. (the Company) invites its shareholders to its Extraordinary General Meeting of Shareholders (EGM) to be held at Apollolaan 15, 1077 AB Amsterdam, the Netherlands, on 8 May 2020, at 12.00 hours (CET). The language of the meeting shall be in English.

The agenda items of the EGM will be as follows:

Agenda

1. Opening and announcements

2. Re-appointment of Ms Nyembezi as managing director of the Company (CEO) (vote)

3. Approval (within the meaning of Section 2:107a of the Dutch Civil Code) of the disposal of the Company's shareholding in Mbuyelo Coal Proprietary Limited (vote)

4. Any other business and close of the meeting

Meeting documents

The agenda above and the explanatory notes thereto (including the particulars of Ms Nyembezi) are available at the Company's website: www.ichorcoal.com. The documents are also available for inspection and can be obtained free of charge at the offices of the Company and via GFEI IR Services GmbH referred to below.

Registration to Vote - in person shareholders attendance strongly discouraged due to COVID-19

In light of the COVID-19 (Corona) virus developments and the wish of the Company to preserve the health and safety of all of our shareholders, shareholders are discouraged to physically attend the meeting but instead encouraged to vote by proxy as described below.

Holders of bearer shares intending to attend the EGM are asked to deposit their shares against receipt of a certificate of deposit not later than on 6 May 2020, 17:00 hours CET. The deposit of the bearer shares means that the bearer shares held by the shareholder in his/her/its securities account are blocked from trading, and as such held in deposit by the shareholder's bank until (and including) the date of the EGM.

A certificate of deposit must be sent to the address GFEI IR Services GmbH (Address: Ostergrube 11, 30559 Hannover, Germany; eFax: [phone]), with a PDF copy to [e-mail], not later than on 6 May 2020, 17:00 hours CET.

Voting by Proxy

The right to attend and to vote at the meeting may be exercised by a written proxy. A form of a written proxy is available at the Company's website. The written proxy must be received by the Supervisory Board of the Company no later than 6 May 2020 at 17:00 hours CET. Due to the Coronavirus we request that the proxy is not granted to others than to Ms J.J.C.A. Leemrijse, civil law notary with Allen & Overy LLP (or her substitute). The proxy can be granted by sending an email with proxy and voting instructions to [e-mail] no later than 6 May 2020 at 17:00 hours CET.

As at 21 April 2020 the issued share capital of the Company amounts to EUR 44,018,457.70, divided into 440,184,577 ordinary shares of EUR 0.10 each.

For further information please see the Company's website www.ichorcoal.com.

All communications to the Company or the Supervisory Board in connection with the foregoing must be addressed as follows: Ichor Coal N.V., 2 Bruton Road Block C Nicol Main Office Park Bryanston 2191, tel: [phone]; fax: [phone]; email: [e-mail].

The Supervisory Board
South Africa, 21 April 2020.