Acquisition

Anglo Pacific Group PLC
05 June 2003

             Anglo Pacific Group acquires 10% stake in AKD Limited

UK based Anglo Pacific Group plc ('Anglo Pacific') has acquired a substantial
equity position in AKD. Anglo Pacific has purchased 18 million shares in AKD for
a cash consideration of A$270,000. This represents 10% of the issued share
capital of AKD and was part of a placement of 23 million shares announced this
week which raised a total of A$345,000 in working capital for AKD.


AKD is a diversified resources explorer with interests in Australia and Latin
America in diamonds, gold, copper and phosphate. Currently, AKD is bulk testing
the Abaete alluvial diamond project in Brazil, which to date has produced 244
diamonds, the largest 5.5 carats. Additionally, DeBeers and AngloGold are
exploring part of AKD's Seppelt tenements for diamonds and gold respectively in
the North Kimberley of Western Australia. As reported in the Company's last
Quarterly, joint venture partner Newmont Peru Limited, plans to drill 2 diamond
holes to test a robust gold anomaly at AKD's Chinguela gold project in Peru
before the end of this month.


Anglo Pacific will emerge as the largest shareholder in AKD as a result of this
placement. This purchase is part of Anglo Pacific's strategy to seek more active
participation in companies with mineral resource opportunities. Anglo Pacific is
listed in the UK on the London Stock Exchange and on the ASX, and is invested in
a number of gold, diamond and PGM projects in North America, Australia and
Europe. For further information refer to www.anglopacificgroup.com.



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