Anglo Pacific Group PLC (UK) – PRELIMINARY RESULTS FOR THE YEAR ENDED 31DECEMBER 2009

PRELIMINARY RESULTS FOR THE YEAR ENDED 31DECEMBER 2009
Significant Expansion in Royalty Portfolio and 6.9% Increase in Final Dividend

Anglo Pacific Group PLC (“Anglo Pacific” or “The Group”) (LSE: APF, ASX: AGP), the natural resources royalties company, today announces its Preliminary Results showing further substantial progress in the development of its royalty portfolio and an increase in both its final and full year dividends.

Financial Highlights

Royalties

  • Australian coal royalties independent valuation of £149.9 million (2008: £93.3 million)
  • Total value of other royalties £27.3 million (2008: £7.8 million)
  • Coal royalty income for the year of £20.3 million (2008: £22.1 million)

Assets

  • Total assets increased by 77% to a record £312 million (2008: £176 million)
  • Total quoted and unquoted strategic interests valued at £113.5 million (2008: £45.8 million)
  • Cash and royalty receivables at the year end of £17.9 million (2008: £28.4 million)

Earnings

  • Profit before tax of £25,883,000 (2008: £35,255,000)
  • Earnings per share of 19.20p (2008: 27.25p)
  • Realised profits for the year from non-core mining interests of £6.4 million (2008: £14.0 million)

Dividends

  • Final dividend increased by 6.9% to 4.65p per share (2008: 4.35p)
  • Total dividends for the year increased by 7.1% to 8.35p (2008: 7.80p)

Operational Highlights

  • New royalty rights acquired in gold, platinum and uranium
  • Compliant resources announced for the Trefi and Panorama Canadian coal projects
  • Threefold increase in value of strategic quoted interests
  • Steady coking coal royalty receipts
  • Increased exposure to coal and uranium projects
  • TSX listing progressing

Commenting on the Preliminary Results, Peter Boycott, Chairman of Anglo Pacific Group PLC said:

“Anglo Pacific has made further progress in diversifying its royalty portfolio with four new royalties acquired during the year. Its quoted mining interests have increased in value threefold and the Group has strong cash reserves, no debt and total assets now well in excess of £300 million.

The Group remains committed to a progressive dividend policy and I am pleased to announce a 6.9% increase in the final dividend. Anglo Pacific will continue to make the acquisition of new royalties its overriding strategic focus.”

For further information and enquiries:

Anglo Pacific Group PLC

+44 (0) 20 7318 6360

Peter Boycott, Chairman

Matthew Tack, Finance Director

Liberum Capital

+44 (0) 20 3100 2000

Chris Bowman

Ellen Francis

Scott Harris

+44 (0) 20 7653 0030

Stephen Scott

James O’Shaughnessy

Website: www.anglopacificgroup.com

Anglo Pacific Group PLC

HUG#1387946 HUGIN

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