Proxy Access Statement

On Dec. 10, 2015, the Board of Directors of Peabody Energy Corporation approved proxy access amendments to the company's bylaws.  The Board of Directors approved proxy access at this time as part of its ongoing governance review and shareholder outreach, and to recognize of the growing trend of increased proxy access.  Proxy access allows eligible shareholders to place their own director nominees in Peabody's proxy materials, along with the board candidates nominated by the company.  Peabody's bylaw amendment specifies a three-percent and three-year holding requirement for eligibility.  Peabody's proxy access process will first be available for Peabody's 2017 Annual Meeting of Shareholders.