Result of EGM

8 January 2004

                            ANGLO PACIFIC GROUP PLC                            

Anglo Pacific Group plc (the Company) is pleased to announce that, at the
Extraordinary General Meeting held on 7th January 2004, the Ordinary Resolution
giving the Company power to offer shareholders a scrip dividend alternative was
passed.

It is the Board's intention to continue to pay to shareholders as dividends a
large proportion of its revenues from its coal royalty and other mining
interests.

Coal royalties in 2004 from the Company's interests in the Rio Tinto and BHP
mines in Australia will be mainly from the private rather than Crown areas and
should also benefit from the current growing shortage of coking coal worldwide
due to the increasing demand for coal products from China, Japan and the Far
East. This has also resulted in the recent substantial increase in coking coal
prices.

In addition, the Company has in excess of £10M of cash and listed mining
interests. Profits from these and the Company's other private mining projects
will benefit from the Company's available tax losses of over £30M.

The Company has no debt or borrowings and is well positioned to benefit from
the upswing in world demand for coking coal and other mining products.

For further information:

Jonathan Rooper            CardewChancery                 020 7930 0777