Holding(s) in Company

UK Coal PLC
17 September 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

UK COAL PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

MERRILL LYNCH & CO INC

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

16/09/2002

12)  Total holding following this notification

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



14)  Any additional information

REDUCED HOLDING

15)  Name of contact and telephone number for queries

M. GARNESS 
01302 751751

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

     Date of Notification ...17 SEPTEMBER 2002.......




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