Issue of Equity

Global Coal Management PLC
23 April 2007

                           GLOBAL COAL MANAGEMENT PLC



                                ISSUE OF EQUITY





Global Coal Management plc ('the Company'), today announces that pursuant to an
exercise of existing options, it has issued and allotted 10,000 new Ordinary
Shares of 10p each, at a price of 75p.



The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
of 10p each in the Company and trading of these shares on AIM is expected to
commence on 27th April 2007.



The total number of Ordinary Shares in issue following this issue is 48,781,024.



23 April 2007




                      This information is provided by RNS
            The company news service from the London Stock Exchange