Walter Energy Suspends Dividend

Walter Energy, Inc. (NYSE: WLT), a leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, has suspended its quarterly dividend on its common stock to enhance financial flexibility in light of current metallurgical coal market conditions. The Company previously paid a quarterly dividend of $0.01 per share. About Walter Energy Walter Energy is a leading, publicly traded "pure-play" metallurgical coal producer for the global steel industry with strategic access to high-growth steel markets in Asia, South America and Europe. The Company also produces thermal coal, anthracite, metallurgical coke and coal bed methane gas. Walter Energy employs approximately 2,700 employees, with operations in the United States, Canada and United Kingdom. For more information about Walter Energy, please visit www.walterenergy.com.