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Stmt re Acq of UK Coal Shares

25th Aug 2005 07:30

WL Ross & Company LLC25 August 2005 WL Ross Confirms, Comments on Acquisition of UK Coal Company Shares New York, New York, August 25, 2005. WL Ross & Co. LLC announced that privateequity funds managed by the firm have notified UK Coal Company PLC that they hadacquired 5,555,283 shares, or 3.74%, of UK Coal's 148,508,167 outstandingshares. Of the investment in UK Coal, Wilbur L. Ross, Jr. said, "Gerry Spindlerand his team have made considerable progress in dealing with the company'sproblems and hopefully this trend will continue." Contact Information:Wilbur L. Ross, Jr.212-826-2111 This information is provided by RNS The company news service from the London Stock Exchange

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