Holding(s) in Company

UK Coal PLC
2 May 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     UK COAL PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     PHOENIX ASSET MANAGEMENT PARTNERS 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

     02/05/2002

12)  Total holding following this notification

     6,631,259
               
13)  Total percentage holding of issued class following this notification

     4.55%

14)  Any additional information

     REDUCED HOLDING

15)  Name of contact and telephone number for queries

     M GARNESS - 01302 755002

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

     Date of Notification ...02/05/02......




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