Holding(s) in Company

UK Coal PLC
23 January 2002

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

UK COAL PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

PHILLIPS & DREW LIFE LIMITED


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18



4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.



5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES


10)  Date of transaction



11)  Date company informed

23/01/2002


12)  Total holding following this notification

NO LONGER HAS A NOTIFIABLE INTEREST

               
13)  Total percentage holding of issued class following this notification



14)  Any additional information



15)  Name of contact and telephone number for queries


M GARNESS
01302 755 002

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ......23/01/02..................


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