Press Release

New World Resources interim results for the half-year ended 30 June 2008

Strong performance reflects continued strength of coking coal market

Amsterdam, 28 August 2008 - New World Resources N.V. ('NWR" or "the Company"), Central Europe's leading hard coal producer, today announced its financial results for the six months ended 30 June 2008.

Highlights

• Consolidated revenues increased by 60% to EUR 1.04 billion 

• EBITDA increased by 93% to EUR 356 million, significantly increasing EBITDA margin to 34%

• Profit for the period reached EUR 189 million, up 340%

• Adjusted Earnings per A Share of EUR 0.71

• Operating cash flow increased by 176% to EUR 240 million

• Interim dividend declared at EUR 0.28 per share

• Stable external sales volumes, up 1% to 5.9 million tonnes of coal and 0.6 million tonnes of coke

• Production of 6.7 million tonnes of coal and coke, versus 6.5 million tonnes in the first half of 2007. Excellent performance in the first quarter whereas second quarter performance was impacted by lesser number of longwall production days, reduced average seam height as well as reduced longwall availability. This further underpins the importance of POP 2010

• Semi-annual coke contracts for H2 2008 completed at a record price of EUR 477 per tonne, increasing the average coke price for FY 2008 by 21% to EUR 320 per tonne

• POP 2010 investment programme in Czech mines on schedule, with four longwalls delivered at different levels of completion and with one fully installed which has commenced its underground test running procedures.

• Debiensko project in Poland making good progress. 50-year mining licence received in June 2008. Feasibility study by JT Boyd underway. Recruitment of top management started

Comment

Mike Salamon, Executive Chairman of NWR said:

"These results reflect the strength of our markets and the sound overall performance of our operations. Our recent H2 2008 coke price settlements, as well as international coking coal price settlements, indicate that demand from the steel industry remains robust. Our successful application for a mining licence at Debiensko in Poland was an important milestone for New World Resources and brings us a step closer to achieving one of our key goals of expansion within the region. In parallel, the considerable progress in our POP 2010 investment programme, which is running as scheduled, bodes well for the future efficiency and reliability of the OKD business. We expect market conditions in the second half of 2008 to continue to be favourable and believe we are well-placed to build on our first half performance."