13D Filing: Discovery Capital Management and Peabody Energy Corp (BTU)

As of the date hereof, Discovery and Mr. Citrone may be deemed to
be the beneficial owners of 4,601,868 Shares, constituting 4.4% of the Shares. The percentages in the prior sentence are based
upon 105,540,188 Shares outstanding.

Discovery has the sole power to vote or direct the vote of 0 Shares;
has the shared power to vote or direct the vote of 4,601,868 Shares; has the sole power to dispose or direct the disposition of
0 Shares; and has the shared power to dispose or direct the disposition of 4,601,868 Shares.

Robert K. Citrone has the sole power to vote or direct the vote
of 0 Shares; has the shared power to vote or direct the vote of 4,601,868 Shares; has the sole power to dispose or direct the disposition
of 0 Shares; and has the shared power to dispose or direct the disposition of 4,601,868 Shares.

The transactions by the Reporting Persons in the Shares since the
last Schedule 13D are set forth in Exhibit B.

All of the securities reported in this Schedule 13D are owned by
advisory clients of Discovery. No such client is known to have the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, such securities in an amount equal to more than five percent of the class.

As of January 12, 2018, each Reporting Person ceased to be a beneficial
owner of more than five percent of the Shares.