Walter Energy Offers Response to Audley Capital Notice

Walter Energy Inc.

today confirmed that Audley European Opportunities Fund, Ltd, an affiliate of hedge fund Audley Capital Advisors LLP (Audley), sought to advise the Company of its intent to nominate a slate of five director candidates to stand for election at the Company's 2013 Annual Shareholders Meeting. Audley has not communicated with the Company about its proposed slate of directors outside of its notice of intent prior to today's public announcement. The Company said that its Board and management team remain fully committed to creating value for all shareholders through the successful execution of the Company's strategy. The date for the 2013 Annual Meeting has not yet been announced.