New World Resources: Results for the nine-months ended 30 September 2009

Highlights

• Continued quarter on quarter recovery in sales and earnings in Q3
• Consolidated revenues of EUR 291 million, up 19%
• Coal and coke production up 5% and 14% respectively
• Coal and coke sales up 25% and 6% respectively
• Coal and coke inventory down 35% and 10% respectively
• EBITDA of EUR 35 million, up 79%
• Results for the nine months ended September 2009 reflect significantly lower coal and coke prices and volumes
• Consolidated revenues of EUR 776 million, down 44%
• Coal and coke production of 8,031kt and 591kt respectively
• Total external sales of 6,935kt of coal and 498kt of coke
• EBITDA of EUR 111 million, down 78%
• Main operating costs remain under tight control, down 23% year-on-year with mining cash cost per tonne flat year-on-year at EUR 74 despite lower production volumes
• Adjusted loss per A share of EUR (0.27) for the nine month period
• Unrestricted cash of EUR 433 million as at 30 September 2009, EUR 46 million of operating cash flow generated during Q3
• POP 2010 Phase II proceeding to plan and delivering results as expected
• Continued improvement in safety with LTIFR* in mining operations down 12%