HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Orbis Allan Gray Ltd's Holding History (CIK: 0001663865)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,490,148 Value ($000) $28,372 Avg Close $20.26 Range $17.23 - $24.70

Q3 2025

Shares 1,911,787 Value ($000) $37,414 Avg Close $17.18 Range $14.87 - $22.01

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,490,148	$28,372	$20.26	$17.23 - $24.70
Q3 2025	1,911,787	$37,414	$17.18	$14.87 - $22.01