NWR - Unaudited interim results for the first nine months of 2012

9M 2012 Highlights

• Revenues of EUR 1,013 million, down 18%
• Mining unit costs of EUR 79/t, down 2%
• EBITDA of EUR 227 million, down 39%
• Net profit of EUR 47 million
• Earnings per A share of EUR 0.17
• Net debt of EUR 481 million
• Coal production of 8.6Mt, and external sales of 7.2Mt
• External sales mix of 53% coking coal, and 47% thermal coal
• Coke production of 525kt, and external sales of 432kt
• LTIFR1 at 7.48, an improvement of 6%

FY 2012 Outlook

• Coal and coke production targets of 11.0-11.1Mt and 700kt, respectively
• Coal and coke external sales targets of 10.2-10.3Mt and 600kt respectively
• External coal sales expected to be split evenly between coking and thermal coal
• Q4 coking coal and coke prices agreed at EUR 102/t and EUR 264/t respectively
• Expected flat mining unit costs year-on-year at constant FX
• Expected CAPEX of EUR 210-220 million