Harbert Realty Services Selected to Move Walter Energy Headquarters to Birmingham

Harbert Realty Services was recently selected to represent Walter Energy (NYSE:WLT) in the relocation of its national headquarters to Birmingham, AL. Walter Energy, formerly Walter Industries, is one of the largest producers of metallurgical coal for the global steel industry with significant operations in Alabama. Walter conducted interviews of commercial real estate firms in Birmingham and tapped Harbert Realty as its choice for representation. Larry E. Williams, Senior Vice President with Walter Energy indicates that both Harbert Realty’s corporate real estate experience and the individuals who make up the team were a clear fit for Walter Energy. Dean Nix, Harbert’s Senior Vice President and veteran of the Birmingham office market will lead the search on behalf of Walter. "Harbert Realty Services is thrilled to have the opportunity to help Walter Energy with their relocation to Birmingham and we are proud for Birmingham to have a new corporate headquarters here", says Nix.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the Southeast. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty’s mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. Harbert offers a full corporate services platform for its clients to include site selection, disposition, construction management, lease administration and real estate accounting. For more information, visit www.harbertrealty.com.

About Walter Energy

Walter Energy (NYSE: WLT) is a leading U.S. producer and exporter of premium metallurgical coal for the global steel industry and also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas. The Company has revenues of approximately $1.2 billion and employs approximately 2,100 people. For more information about Walter Energy, please visit the Company Web site at www.walterenergy.com.