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08 December 2004

Preliminary Results for the 10 months ended 26 September 2004

ATH Resources plc, one of the UK’s largest coal producers, reports its maiden set of Preliminary Results for the 10 months ended 26 September 2004.

Highlights

acquisition of Garleffan opencast mine
successful debut on AIM
turnover of £31.4 million (*Pro forma 12 months: £34.6 million)
EBITDA of £6.4 million (*Pro forma 12 months: £7.3 million)
profit before interest and tax of £1.4 million (*Pro forma 12 months: £1.7 million)
final dividend of 3.36 pence per share
earnings per share of 0.44 pence (*Pro forma 12 months 1.27 pence)

Commenting on the Preliminary Results, Tom Allchurch, Chief Executive of ATH Resources, said: “These results confirm that the progress of the business is in line with the Directors’ expectations and underpin the Board’s strategy of making ATH a major player in the UK coal mining industry. The Board is confident of the Group’s ability to deliver all of its targets with both new sites and extensions to existing operations planned in Scotland and France. The continued rise in worldwide demand for coal and increasing prices should present more opportunities for the Group.”

*Pro forma information shows the results for the Group as if it had been trading in its current form for the full 12 month period.

For further information:

ATH Resources
Tom Allchurch, Chief Executive	Tel: +44 (0) 1302 760 462
tom.allchurch@ath.co.uk

Seymour Pierce Limited
Sarah Wharry , Corporate Finance	Tel: +44 (0) 207 107 8000
sarahwharry@seymourpierce.com	www.seymourpierce.com

Media enquiries:
Abchurch
Justin Heath	Tel: +44 (0) 113 390 6389
Justin.heath@abchurch-group.com	www.abchurch-group.com
Henry Harrison-Topham	Tel: +44 (0) 20 7398 7702
henry.ht@abchurch-group.com

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