Unaudited results for the three-month period ended 31 March 2011

Highlights

• Consolidated revenues1 of EUR 385 million, up 17%
• EBITDA1 of EUR 82 million, up 42%
• Profit before tax of EUR 11 million1 (EUR 14 million loss in Q12010)
• Strong operating cash flow of EUR 119 million, up 342%
• Net debt reduced by 4% to EUR 307 million
• Continued improvement in safety with mining LTIFR2 down 3%
• Coal production of 2,582kt, and external sales of 2,637kt
• Coke production of 202kt, and external sales of 180kt
• Coking coal and coke average prices for Q2 2011 agreed at EUR 215/t and
  EUR 400/t, respectively
• First phase of Debiensko's detailed feasibility study completed
• Reincorporation in the United Kingdom completed, with FTSE UK index series
  inclusion expected in June
• On track to deliver FY 2011 production and sales targets, as previously
  announced