NWR results for the first half year ended 30 June 2009

Amsterdam, 19 August 2009 – New World Resources N.V. (“NWR” or the “Company”), Central Europe’s leading hard coal producer, today announces its financial results for the six month period ended 30 June 2009.

Highlights

• Consolidated revenues of EUR 539 million (EUR 484 million for continuing operations )
  
• Coal production down by 17% and coke production down 40% year-on-year
  
• Sales recovered somewhat in June; increased orders in recent weeks
  
• 22% reduction in operating costs year-on-year
  
• EBITDA of EUR 82 million (EUR 76 million for continuing operationsi), reflecting significantly lower coal and coke prices and volumes
  
• Adjusted loss per A share of EUR (0.16)
  
• Unrestricted cash of EUR 392 million
  
• EUR 141 million ECA loan agreement signed for Phase II of POP 2010
  
• POP 2010 Phase I equipment delivered 117% average productivity increases and improved safety performance; Phase II proceeding to plan
  
• Continued improvement in safety with LTIFR in mining operations down 11%
  
• No interim dividend payment due to uncertain market

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NWR results for the first half year ended 30 June 2009