Report for Quarter Ended 31 December 1999

Anglo Pacific Group PLC 28 January 2000 REPORT FOR THE QUARTER ENDED 31 DECEMBER 1999 MAIN OPERATIONS 1. Gordon Resources - Coalmine Royalty Entitlements - Queensland The Queensland Government's legistlation to increase the royalty rate from 4% to 7% on the Company's Coalmine Royalty Entitlements in Queensland will become effective from 1st April 2000. (a) Kestrel This mine is now working at normal production rates on our property, and a full royalty is expected in the quarter to 31st March 2000. (b) Crinum The royalty received from the Crinum coalmine, operated by BHP, for the quarter to 30th September 1999 was A$ 404,000 compared to A$ 372,000 for the quarter ended 30th June 1999. 2. Minerals - Scotland. The Group continues to look for new markets and joint ventures for these products. Contact: Peter Boycott 01259 754 700 Chairman Anglo Pacific Group plc Peter Gaze Cardew & Co. 0171 930 0777 ANGLO PACIFIC GROUP PLC PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS FOR THE QUARTER ENDED 31 DECEMBER 2000 CURRENT YEAR TO DATE QUARTER (12 Months) £'00m £'00m CASHFLOWS RELATED TO OPERATING ACTIVITIES Receipts from product sales and related debtors 1.3 5.8 Payments for: exploration and evaluation - - development - - production (1.1) (5.0) administration (0.3) (1.1) Dividends received - - Interest and other items of a similar nature received - - Interest and other costs of finance paid (0.1) (0.4) Income taxes paid - (0.4) Other - Royalties received 0.1 0.8 NET OPERATING CASHFLOWS (0.1) (0.3) CASHFLOWS RELATING TO INVESTING ACTIVITIES Payment for equity investments - (0.1) Payment for purchases of other fixed (0.3) (1.2) assets Proceeds from sale of equity investments 0.4 0.5 NET INVESTING CASHFLOWS 0.1 (0.8) CASHFLOWS RELATED TO FINANCING ACTIVITIES Cash proceeds share issue - 0.4 Proceeds from borrowings - - Repayment of borrowings - - Dividends paid - (0.1) NET FINANCING CASHFLOWS - 0.3 NET (DECREASE) IN CASH HELD - (0.8) Cash at beginning of quarter/year (0.7) 0.1 Exchange rate adjustments - - CASH AT END OF QUARTER (0.7) (0.7) ANGLO PACIFIC GROUP PLC PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS FOR THE QUARTER ENDED 31 DECEMBER 1999 Amount Amount Available Used £'000 £'000 FINANCING FACILITIES AVAILABLE Barclays Bank PLC - overdraft facility 1,160 735 Barclays Bank PLC - Loan facility 3,750 3,750 ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER £ m Exploration and evaluation Nil Development Nil RECONCILIATION OF CASH Current Previous Quarter Quarter £'000 £'000 Cash on hand and at bank 2 1 Deposits on call - - Bank overdraft (735) (685) Total cash at end of quarter (733) (684) ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER Categories of Number Number Par Paid-up Securities Issued Quoted Value Value Ordinary Shares 86.96 86.96 10p 10p million million Number Exercise Expiry Price Date Options 4,000,000 18p 11/12/04 100,000 18p 4/02/09 390,000 18p 3/06/09 30,000 18p 9/06/09 1,300,000 23.5P 13/10/06