Quarter 4 Cash Flow

Anglo Pacific Group PLC 29 January 2004 29th January 2004 ANGLO PACIFIC GROUP PLC REPORT FOR THE QUARTER ENDED 31st DECEMBER 2003 1. Gordon Resources Limited - Coalmine Royalty Entitlements - Queensland For clarification purposes it should be emphasized that the following figures report the cash received during the three months ended 31st December 2003 which relate to the royalties earned and accrued in the previous quarter ended 30th September 2003. (a) Kestrel (Rio Tinto) The royalty received for the quarter to 30th September 2003 was A$221,228 compared to A$354,104 for the previous quarter. (b) Crinum (Broken Hill Proprietary - BHP) The royalty received for the quarter to 30th September 2003 was A$1,738235 compared to A$578,206 for the previous quarter. The Company issued a Press Release on 8th January 2004 (see www.anglopacificgroup.com ) commenting on the outlook for the Company's royalties for 2004 when production is expected to be mainly from the Private Ground rather than the Crown Land. The Company remains optimistic about the prospects for coal prices in 2004 and the demand for coking coal internationally. 2. Mining Projects The Group continues its positive involvement and exposure to coal and coal energy, and the gold, diamond and PGM sectors in North America and Australia. For further information see our website: - www.anglopacificgroup.com Other queries please contact:- Jeffrey D Gold F.C.A., Company Secretary 020 8458 5141 ANGLO PACIFIC GROUP PLC PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS FOR THE QUARTER ENDED 31st DECEMBER 2003 CURRENT QUARTER YEAR TO DATE £m £m CASHFLOWS RELATED TO OPERATING ACTIVITIES Receipts from product sales and related debtors - - Payments for: Exploration and evaluation - - Development - - Production - - Administration (0.1) (0.8) Dividends received - - Interest and other items of a similar nature received - - Interest and other costs of finance paid - - Income taxes paid (0.1) (1.7) Other - Royalties received 0.8 3.6 NET OPERATING CASHFLOWS 0.6 1.1 CASHFLOWS RELATING TO INVESTING ACTIVITIES Payment for equity investments (2.7) (5.0) Payment for purchases of other fixed assets - - Proceeds from sale of equity investments 2.4 3.6 NET INVESTING CASHFLOWS (0.3) (1.4) CASHFLOWS RELATED TO FINANCING ACTIVITIES Proceeds from issue of shares, options etc. - - Proceeds from borrowings - - Repayment of borrowings - - Dividends paid - (1.6) NET FINANCING CASHFLOWS - (1.6) NET INCREASE/(DECREASE) IN CASH HELD 0.3 (1.9) Cash at beginning of quarter/period 1.6 3.8 Exchange rate adjustments - - CASH AT END OF QUARTER/PERIOD 1.9 1.9 ANGLO PACIFIC GROUP PLC PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS FOR THE QUARTER ENDED 31ST DECEMBER 2003 Amount Available Amount Used £'000 £'000 FINANCING FACILITIES AVAILABLE Barclays Bank PLC - overdraft facility Nil Nil Barclays Bank PLC - Loan facility Nil Nil ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER £'m Exploration and evaluation Nil Development Nil Current Quarter Previous Quarter £'000 £'000 RECONCILIATION OF CASH Cash on hand and at bank 34 34 Deposits on call 1,864 1,602 Bank overdraft - - Total cash at end of quarter 1,898 1,636 ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER Number Issued Number Quoted Categories of Securities Ordinary Shares 87.46 million 87.46 million Number Exercise Price Expiry Date Options 1,500,000 18p 10/12/04 900,000 23.5p 13/10/06 This information is provided by RNS The company news service from the London Stock Exchange