Qurtly Results to 31 Dec 02

Anglo Pacific Group PLC 28 January 2003 28 January 2003 ANGLO PACIFIC GROUP PLC REPORT FOR THE QUARTER ENDED 31st DECEMBER 2002 1. Gordon Resources Limited - Coalmine Royalty Entitlements - Queensland (a) Kestrel (Rio Tinto) The royalty received for the quarter to 30th September 2002 was A$2,368,895 compared to A$2,522,342 for the previous quarter. (b) Crinum (Broken Hill Proprietary) The royalty received for the quarter to 30th September 2002 was A$2,437,118 compared to A$2,805,562 for the previous quarter. 2. Mineral Acquisitions The Group continues to make strategic acquisitions in the gold and pgm sectors in Canada and Australia including, • 8% of Platinum Australia Limited (ASX code PLA) • 6.2% of Kirkland Lake Gold Inc. (TSEV code KGI) 3. Interim Dividend The group declared a dividend of 1.1p net per share on 22nd November 2002 For further information see our website: - www.anglopacificgroup.com For further information please contact: Jonathan Rooper CardewChancery 020 7930 0777 Gavin Barry CardewChancery 020 7930 0777 ANGLO PACIFIC GROUP PLC PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS FOR THE QUARTER ENDED 31st DECEMBER 2002 CURRENT YEAR TO QUARTER DATE (12 Months) £m £m CASHFLOWS RELATED TO OPERATING ACTIVITIES Receipts from product sales and related debtors - 0.2 Payments for: Exploration and evaluation - - Development - - Production - (0.2) Administration (0.2) (0.7) Dividends received - - Interest and other items of a similar nature received 0.1 0.1 Interest and other costs of finance paid - - Income taxes paid (0.3) (1.0) Other - Royalties received 1.7 5.7 NET OPERATING CASHFLOWS 1.3 4.1 CASHFLOWS RELATING TO INVESTING ACTIVITIES Payment for equity investments (1.4) (2.9) Payment for purchases of other fixed assets - - Proceeds from sale of equity investments - 0.3 NET INVESTING CASHFLOWS (1.4) (2.6) CASHFLOWS RELATED TO FINANCING ACTIVITIES Proceeds from issue of shares, options etc. 0.1 0.1 Proceeds from borrowings - - Repayment of borrowings - - Dividends paid - - NET FINANCING CASHFLOWS 0.1 0.1 NET INCREASE/(DECREASE) IN CASH HELD - 1.6 Cash at beginning of quarter/period 3.8 2.2 Exchange rate adjustments - - CASH AT END OF QUARTER/PERIOD 3.8 3.8 ANGLO PACIFIC GROUP PLC PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS FOR THE QUARTER ENDED 31ST DECEMBER 2002 Amount Amount Available Used £'000 £'000 FINANCING FACILITIES AVAILABLE Nil Nil Barclays Bank PLC - overdraft facility Nil Nil Barclays Bank PLC - Loan facility ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER £'m Exploration and evaluation Nil Development Nil RECONCILIATION OF CASH Current Quarter Previous Quarter £'000 £'000 Cash on hand and at bank 38 26 Deposits on call 3,704 3,725 Bank overdraft - - Total cash at end of quarter 3,742 3,751 ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER Categories of Securities Number Issued Number Quoted Ordinary Shares 87.46 million 87.46 million Number Exercise Price Expiry Date 1,500,000 18p 10/12/04 Options 900,000 23.5p 13/10/06 This information is provided by RNS The company news service from the London Stock Exchange