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Anglo Pacific Group PLC: Results of Placing of 5,544,371 New Ordinary Shares at a Placing Price of 180 Pence per Share


June 2, 2014 - London, United Kingdom

Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF) (TSX: APY)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, JERSEY, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES IN THE UNITED STATES, CANADA, SOUTH AFRICA, AUSTRALIA, JAPAN, JERSEY OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

Anglo Pacific Group PLC

Results of placing of 5,544,371 new ordinary shares at a placing price of 180 pence per share

Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF) (TSX: APY) is pleased to announce the completion of the placing announced earlier today (the "Placing").

A total of 5,544,371 new ordinary shares of 2 pence each in Anglo Pacific (the "Placing Shares") have been placed by Barclays Bank PLC and BMO Capital Markets Limited at a price of 180 pence per Placing Share, raising gross proceeds of approximately £ 10 million (US$16.7 million). The Placing Shares being issued represent approximately 5.0 per cent. of the Company's issued ordinary share capital prior to the Placing.

The Placing Shares will, when issued, be credited as fully paid and will rank equally in all respects with the existing ordinary shares of 2 pence each in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such shares after the date of issue of the Placing Shares.

Application will be made to the Financial Conduct Authority for admission of the Placing Shares to the premium listing segment of the Official List and to the London Stock Exchange (the "LSE") for admission to trading of the Placing Shares on the LSE's main market for listed securities (together "Admission"). It is expected that Admission will take place at 8:00 a.m. on June 5, 2014 (at which time the Placing will become unconditional) and that dealings in the Placing Shares on the LSE's main market for listed securities will commence at the same time. An application to the Toronto Stock Exchange (the "TSX") has been made to list the Placing Shares.

The full announcement can be viewed by clicking on the following link

http://www.rns-pdf.londonstockexchange.com/rns/6304I_1-2014-6-2.pdf

For further information:

Anglo Pacific Group PLC
Julian Treger
Chief Executive Officer

Mark Potter
Chief Investment Officer

+44 (0) 20 3435 7400

Barclays Bank PLC
Chris Madderson/Matthew Bungey
+44 (0) 20 7623 2323

BMO Capital Markets Limited
Jeffrey Couch/Neil Haycock/Tom Rider
+44 (0) 20 7664 8020

Bell Pottinger
Nick Lambert / Lorna Cobbett
+44 (0) 20 7861 3232

MarketWire

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