Reduction of Capital

Anglo Pacific Group PLC
31 July 2002


                            Anglo Pacific Group PLC

Anglo Pacific Group PLC ('the Company') announces that the High Court has now
confirmed the Special Resolution passed at the Annual General Meeting of the
Company on 27 June 2002 to effect the reduction of capital of the Company. The
Company's authorised share capital is accordingly being reduced from £50,000,000
to £10,000,000 by reducing the nominal value of its shares from 10p each to 2p
each, the Share Premium Account of the Company is being reduced by £2,240,608,
and the Capital Redemption Reserve of the Company (standing at £122,500) is
being cancelled in its entirety. The Court Order will be lodged with Companies
House as soon as possible, so making this reduction fully effective.




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