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Press Releases / 2008 / Dividend in specie of assets of the Real Estate Division to the holder of the B Shares in NWR 

Dividend in specie of assets of the Real Estate Division to the holder of the B Shares in NWR

1/10/2008

Dividend in specie of assets of the Real Estate Division to the holder of the B Shares in New World Resources N.V.

Please click here for PDF version of this press release

DividendinspecieofassetsoftheRealEstateDivisiontotheholderoftheBSharesinNewWorldResourcesN.V. (73 Kb PDF)

Amsterdam, 1 October 2008 - New World Resources N.V. (“NWR”) announces that the Board of Directors of NWR approved a distribution of some of the assets of the Real Estate Division to RPG Industries S.E. (“RPGI”), the sole holder of the B Shares in NWR.

The distribution was made on 30 September 2008, and the value of the assets distributed was EUR 89.9 million.  The assets distributed are not used by the Mining Division, and comprise companies holding assets of the Real Estate Division, as well as the sale proceeds of assets belonging to the Real Estate Division and therefore have no impact on the Mining Division.

The A Shares are currently listed on the London Stock Exchange, Prague Stock Exchange and Warsaw Stock Exchange, and track the performance of the Mining Division.  RPGI holds approximately 63.8% of the A Shares.  The B Shares are designed to track the performance of the Real Estate Division and are privately held by RPGI.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.



Notes for editors:

New World Resources N.V.

New World Resources is the sole owner of OKD, a.s., the Czech Republic’s largest hard coal mining company and one of the largest producers in Central Europe by revenue and volume. Serving customers in the Czech Republic, Slovakia, Austria, Poland, Hungary and Germany, the Company sold approximately 13.1 mt of coal in 2007, over 6.8 mt of which was coking coal supplied to its steel industry customers.

For further information please contact:

New World Resources N.V.
Agnes Blanco Querido
Investor Relations
Tel: +31 20 570 2270
Email: ablanco@nwrgroup.eu

Website:  www.newworldresources.eu



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