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

Item 4.     Purpose of Transaction.

The Reporting Persons have acquired their Shares of the Issuer for investment. The Reporting Persons have no plans or proposals
as of the date of this filing which, other than as expressly set forth below, would relate to or would result in: (a) the acquisition
by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) any extraordinary corporate
transaction involving the Issuer; (c) any change in the present Board of Directors or management of the Issuer; (d) any material
change in the present capitalization or dividend policy of the Issuer; (e) any material change in the operating policies or corporate
structure of the Issuer; (f) any change in the Issuer’s charter or by-laws; (g) the Shares of the Issuer ceasing to be delisted
from a national securities exchange or to ceasing to be authorized to be quoted in an inter-dealer quotation system of a registered
national securities association; or (h) causing the Issuer becoming eligible for termination of registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934.

The Reporting Persons, however, reserve the right, at a later date, to effect one or more of such changes.

The Reporting Persons have been and may continue to be in contact with members of the Issuer’s management, the Issuer’s Board
of Directors, other significant shareholders and others regarding alternatives that the Issuer could employ to maximize shareholder
value.

The Reporting Persons further reserve the right to act in concert with any other shareholders of the Issuer, or other persons,
for a common purpose should it determine to do so, and/or to recommend courses of action to management and the shareholders of
the Issuer.