Mr. Julian Treger reports

ANGLO PACIFIC GROUP PLC: HALF YEARLY REPORT

Anglo Pacific Group PLC has released interim results for the six months ended June 30, 2015, which are available on both the group's website and on SEDAR.

Headlines

• Interim dividend of four pence (2014 interim dividend: 4.45 pence), consistent with previously announced dividend policy of eight pence per annum.
• Total royalty income of 3.8 million British pounds for the period, a 48-per-cent increase on the same period in 2014 (2.6 million British pounds).
  • Further increases anticipated in the second half of 2015 and already ahead of 2014 full-year royalty income of 3.5 million British pounds.
  • Includes first royalty receipts from Narrabri and Maracas (1.8 million British pounds and 400,000 British pounds, respectively).
• Operating profit doubled in the period to 600,000 British pounds (June 30, 2014: 300,000 British pounds).
• Loss after tax of 8.8 million British pounds resulting in a basic loss per share of 5.81 pence (June 30, 2014: loss after tax of 23.0 million British pounds and basic loss per share 20.84 pence, respectively) mainly due to non-cash valuation and impairment provisions.
• Adjusted profit after tax of 1.2 million British pounds resulting in adjusted earnings per share of 0.77 pence (June 30, 2014: loss of 800,000 British pounds and adjusted loss per share 0.77 pence, respectively).
• Net assets at June 30, 2015, of 171.0 million British pounds resulting in net assets per share of 101 pence (Dec. 31, 2014: 161.3 million British pounds and 138 pence, respectively).
• Cash of four million British pounds, net cash of 1.2 million British pounds (Dec. 31, 2014: 8.8 million British pounds cash with no borrowings) in addition to $25.5-million (16.2 million British pounds) undrawn and available, revolving credit facility.
• Acquisition of the Narrabri royalty for 43.0 million British pounds before costs along with successful, oversubscribed equity issue Narrabri exceeding production estimates in the first six months with full-year ROM production guidance of 7.7 million tonnes per year of coal versus 6.5 million tonnes per year estimated at the time of acquisition.

Julian Treger, chief executive officer, commented: "The first six months of 2015 have been encouraging. Income has increased significantly and royalty income in the first half of the year is now ahead of what we received for the whole of 2014. This increase is largely driven by new sources of income from Narrabri and Maracas, which further demonstrates the progress we are making on executing our strategy of adding to, and diversifying, our royalty income."