Result of EGM

Anglo-Welsh Group PLC 12 January 2001 Not for release, publication or distribution in or into the United States of America, Canada, Australia, South Africa, the Republic of Ireland or Japan. Anglo-Welsh Group Public Limited Company ('Anglo-Welsh' or the 'Company') Result of extraordinary general meeting Result of placing and open offer of 15,957,250 new ordinary shares On 15 December 2000, Anglo-Welsh announced an issue of 130,357,250 new ordinary shares of 1p each ('new Ordinary Shares') at an issue price of 2p per share ('the Issue Price') through a firm placing of 114,400,000 new Ordinary Shares ('the Firm Placing') and a placing and open offer of 15,957,250 new Ordinary Shares ('the Open Offer') on the basis of 1 new Ordinary Share for every 2 existing ordinary shares held at the close of business on 8 December 2000 taking into account the sub-division. The Company announces that the Open Offer closed at 3.00pm on 11 January 2001 and that valid applications had been received at that time for 7,696,072 new Ordinary Shares under the Open Offer, representing a take up of approximately 48.3 per cent. of the new Ordinary Shares available under the Open Offer. The remaining Open Offer Shares not taken up by qualifying shareholders under the Open Offer, together with the 114,400,000 new Ordinary Shares to be issued pursuant to the Firm Placing, have been conditionally placed at the Issue Price. The Company also announces that the special resolution relating to the Firm Placing and the Open Offer and related matters was passed at an extraordinary general meeting of the Company held today. This resolution included the approval of the sub-division of the Company's existing ordinary shares of 10p each into ordinary shares of 1p each. The Firm Placing and the Placing and Open Offer remain conditional on the admission ('Admission') of the new Ordinary Shares to trading on the Alternative Investment Market ('AIM'). Application has been made for all of the re- designated existing issued and unissued ordinary shares and the new Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will become effective and dealings will commence in these shares on Monday 15 January 2001.