Holding(s) in Company

UK Coal PLC
15 January 2002

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

       UK COAL PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

      GARTMORE INVESTMENT LIMITED (GIL)
      GARTMORE FUND MANAGERS LTD (GFM)
      AND FENPLACE TWO LTD (FTL)    

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

      30/05/2001

11)  Date company informed

      15/01/2002

12)  Total holding following this notification

      NO LONGER HAVE A REPORTABLE INTEREST
               
13)  Total percentage holding of issued class following this notification



14)  Any additional information

      LATE NOTIFICATION OF CHANGE IN INTEREST BY GARTMORE

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 ....15/01/02.............


LETTER TO: UK COAL PLC

15th January 2002

RE: UK COAL PLC

We, Gartmore Investment Limited (GIL), Gartmore Fund Managers Limited (GFM) and 
Gartmore Global Partners (GGP), write to advise you pursuant to Section 198 of 
the Companies Act 1985 (the 'Act') as amended by the Disclosure of Interest in 
Shares (amendment) Regulations 1993, that we no longer have a reportable 
interest in your company due to various sales on 30th May 2001.

As a result, our aggregate discretionary holding as at 31st May 2001 was 9.96%.

This late disclosure was a result of an unfortunate combination of a systems and
operational failure. We apologise for any inconvenience this may have caused 
you, and trust that this faxed copy is satisfactory for your records.

Additionally, our aggregate discretionary holding is now 2.95%.

LETTER FROM: Gartmore Investment Management plc