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07 December 2005

Preliminary Results for the year ended 2 October 2005

ATH Resources plc, one of the UK’s largest coal producers, reports its Preliminary Results for the year ended 2 October 2005.

Highlights

turnover of £39.1 million on sales of 1.5 million tonnes (2004: £31.4 million)
profit before interest and tax of £6.4 million (2004: £1.4 million)
EBITDA of £11.4 million (2004: £6.4 million)
final dividend of 7.56 pence per share (2004: 3.36 pence per share)
earnings per share of 11.49 pence (2004: 0.44 pence)
successful 1 for 3 Open Offer raising £15.9 million
acquisition of Grievehill and Glenmuckloch mines for £18.0 million
coal reserves with planning consent of 5.5 million tonnes (2004: 2.5 million tonnes)
substantial investment in Caterpillar plant fleet equipment valued at £25.3 million

Commenting on the Preliminary Results, Tom Allchurch, Chief Executive of ATH Resources, said:

“18 months following the Group’s admission to AIM, these results reflect the Group’s ability to deliver on its strategic plan. In the last year we have increased our reserve base through both organic development and also via the acquisitions of Grievehill and Glenmuckloch. Despite numerous external challenges, we have operated efficiently and delivered on our IPO dividend strategy.

“Coal continues to supply a third of the UK’s electricity and we do not envisage this statistic changing significantly in the medium term. ATH Resources is well positioned to benefit from the current levels of demand and opportunities in the UK market and we remain confident of continuing to deliver shareholder value.”

View the full results

For further information:

ATH Resources
Tom Allchurch, Chief Executive	Tel: +44 (0) 1302 760 462
tom.allchurch@ath.co.uk

Seymour Pierce Limited
Sarah Wharry, Corporate Finance	Tel: +44 (0) 20 7107 8000
sarahwharry@seymourpierce.com	www.seymourpierce.com

Media enquiries:
Abchurch
Henry Harrison-Topham	Tel: +44 (0) 20 7398 7700
henry.ht@abchurch-group.com	www.abchurch-group.com

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