The document discusses forward-looking statements and provides disclaimers regarding reliance on third party information and securities offerings. It notes that certain statements could be considered forward-looking and no guarantee is made about expectations reflected in such statements. It also states that the presentation does not constitute an offer to sell securities.

2. 2
Disclaimer
Forward looking statements
Certain statements in this document are not historical facts and are or are deemed to be “forward-looking”. NWR’s
prospects, plans, financial position and business strategy, and statements pertaining to the capital resources, future
expenditure for development projects, results of operations, may constitute forward-looking statements. In addition,
forward-looking statements generally can be identified by the use of forward-looking terminology including, but not
limited to; “may”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “will”, “could”, “may”, “might”, “believe” or
“continue” or the negatives of these terms or variations of them or similar terminology. Although NWR believes that the
expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these
expectations will prove to have been correct. These forward-looking statements involve a number of risks,
uncertainties and other facts that may cause actual results to be materially different from those expressed or implied
in these forward-looking statements because they relate to events and depend on circumstances that may or may not
occur in the future and may be beyond NWR’s ability to control or predict. Forward-looking statements are not
guarantees of future performance. Except as required by applicable regulations or by law, NWR does not undertake
any obligation to publicly update or revise any forward-looking statements whether as a result of new information or
future events.
No offer of securities
This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Reliance on third party information
The information contained and/or views expressed herein may contain and/or be based on information that has been
derived from publicly available sources that have not been independently verified. No representation or warranty is
made as to the accuracy, completeness or reliability of such information.

3. § 9M 2013 Performance overview
§ 9M 2013 Financial overview
§ Delivering on our business optimisation steps
§ Appendix
3
Agenda

4. 9M 2013 PERFORMANCE OVERVIEW

5. § Revenues from continuing operations of EUR 634 million, down 31%.
§ Cash mining unit costs1 of EUR 81/t, up 17% on 25% decline in production, down 12% on stable
production basis.
§ Admin. & selling expenses from continuing operations down 20% to EUR 136 million.
§ EBITDA from continuing operations of EUR (50) million. EUR (1) million in Q3 2013.
§ Underlying2 basic loss from continuing operations per A share of EUR (0.72).
§ Net debt of EUR 672 million. Cash of EUR 157 million3.
§ EUR 85 million of cash-enhancing measures delivered. Additional EUR 16 million expected in Q4 2013.
§ Sale of OKK for gross proceeds of EUR 95 million. Completion expected before year-end4.
§ Waivers agreed for the Revolving Credit Facility. Aim to extend the facility.
§ Advanced negotiations with ECA lenders regarding extension of financial covenant holiday.
5
9M 2013 Financial summary
1 Cash mining costs per tonne reflect the operating costs incurred in production of both coking and thermal coal. They are calculated by deducting from the segmental Cost of
sales the Change in inventories and D&A, and then divided by total coal production.
2 Underlying figures exclude the impact of the asset impairment charge. 9M 2013 reported loss per A share was EUR (1.98). The loss of discontinued operations for the period of
EUR 80 million consists of profit from discontinued operations of EUR 6 million (operating activities) and loss of EUR 86 million recognised on the re-measurement to fair value
less cost to sell.
3 Of which EUR 9 million is Cash classified as assets held for sale.
4 Coke segment treated as discontinued operations.

6. 9M 2013 Operational summary
§ Coal production of 6.5Mt, and coal sales of 7.2Mt2.
§ Coal sales mix of 48% coking coal and 52% thermal coal.
6
Coal segment
Steel markets
§ Steel production in the CE6 for 9M 2013 down 2% year-on-year.
§ World steel capacity utilisation ratio stable at ca. 79%.
Mt %
Steel production in CE61
Source: World Steel Association
1 Refers to Germany, Austria, Czech Republic, Slovakia, Poland and Hungary
2 Includes coking coal volumes sold to OKK.
Coke segment (discontinued operations)
5
15
25
35
45
55
65
75
85
95
0
5
10
15
20
Q1
08
Q3
08
Q1
09
Q3
09
Q1
10
Q3
10
Q1
11
Q3
11
Q1
12
Q3
12
Q1
13
Q3
13
Steel production in NWR's relevant markets (LHS)
Global utilisation ratio of 64 countries (RHS)
§ Coke production of 503kt and external sales of 440kt.

7. 7
Lost Time Injury Frequency Rate (‘LTIFR’)1
1 LTIFR represents the number of reportable injuries in NWR’s operations causing at least three days of absence per million hours worked including contractors.
2 Does not include contractors.
10.38
11.32
10.88
11.13
10.44
12.07
10.85
8.25
7.64 7.45
6.83
5.00
2008 2009 2010 2011 2012 9M 2013 2015e
Polish publicly listed peers2
Safety performance
LTIs per million hours

8. 8
Production
§ Coal production of around 9Mt.
Sales
§ External sales of around 9.5Mt equally split between coking coal and thermal coal1.
Prices2
§ Coking coal Q4 2013 average price agreed at EUR 101/t.
§ EUR 60 per tonne applies to CY 2013 thermal coal deliveries3.
Costs
§ Cash mining unit costs of EUR 75-80/t.
CAPEX
§ Around EUR 100 million.
1 Includes approx. 500kt of coking coal sales to OKK and approx. 500kt of middlings and lower grades of thermal coal sales from inventories.
2 Final realised prices can be influenced by a range of factors including, but not limited to, exchange rate fluctuations, quality mix, timing of the deliveries and flexible provisions in
the individual agreements. Thus, the actual realised price for the period may differ from the average agreed prices previously announced. All of the forward-looking price guidance
for 2013 is based on an exchange rate of EUR/CZK of 25.00. Prices are expressed as a blended average between the different qualities of coal and coke and are ex-works.
3 Excluding the impact of approx. 500kt of sales of middlings and lower grades of thermal coal inventories. The majority of thermal coal sales are priced on a calendar year basis.
FY 2013 targets for continuing operations

9. 9M 2013 FINANCIAL OVERVIEW

10. 10
EUR m 9M 2013 9M 2012 Chg
Revenues from continuing operations 634 916 (31%)
Cost of sales from continuing operations 664 652 2%
Gross (loss) / profit from continuing operations (30) 264
Selling and administrative expenses from continuing operations 136 169 (20%)
EBITDA from continuing operations (50) 220
- Coke segment (discontinued operations) 11 7 57%
Impairment on NWR’s assets 310 - -
Underlying2 operating (loss) / profit from continuing operations (173) 95 -
Net financial expenses (58)3
(29) -
Income tax benefit / (expense) 92 (19) -
Underlying2 (loss) / profit for the period from continuing operations (195) 46 -
- (Loss)/Profit from discontinued operations (80)4
1 -
Underlying2 basic loss / earnings from continuing operations per A share (EUR) (0.72) 0.17 -
Net cash flow from operations5 (14) 106 -
CAPEX 1026
165 (38%)
Average EUR/CZK 25.8 25.1 2%
1 The full disclosure on all operational segments including consolidation adjustments & eliminations is presented in the latest Operating and Financial Review.
2 Underlying figures exclude the impact of the asset impairment charge. 9M 2013 and 9M 2012 reported (loss) / profit per A share were EUR (1.98) and EUR 0.17, respectively.
3 Includes one-off expense of EUR 9 million related to 2021 Bond issuance & 2015 Bond redemption incurred in Q1 2013.
4 The loss of discontinued operations for the period of EUR 80 million consists of profit from discontinued operations of EUR 6 million (operating activities) and loss of EUR 86 million
recognised on the re-measurement to fair value less cost to sell.
5 Cash flow from operations after working capital changes, interest payments & taxes.
6 Includes EUR 6 million CAPEX for OKK.
P&L1

11. 11
EUR/t
Coke (discontinued operations)
1 NWR’s final realised prices can be influenced by a range of factors including, but not limited to, exchange rate fluctuations, quality mix, timing of the deliveries and flexible provisions
in the individual agreements. Thus, the actual realised price for the period may differ from the average agreed prices previously announced. All of the forward-looking price guidance
for 2013 is based on an exchange rate of EUR/CZK of 25.00. Prices are expressed as a blended average between the different qualities of coal and coke and are ex-works.
2 PHCC: premium hard coking coal; MVHCC: mid-volatility hard coking coal; SSCC: semi-soft coking coal.
3 Excluding the impact of approx. 500kt of sales of middlings and lower grades of thermal coal inventories. The majority of thermal coal sales are priced on a calendar year basis.
Coking coal2
EUR/t Source: NWR, Platts
Thermal coal
EUR/t
NWR yearly TC blended price (EXW)
Last data point for seaborne spot prices are until 31 October 2013.
Pricing1
184
163
141
127 126
100 101 100
91
101
Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13e
NWR quarterly realised blended CC (EXW)
International PHCC benchmark contract (FOB Australia)
MVHCC spot (FOB Australia)
SSCC spot (FOB Australia)
393
348
348 298 286
255 246 240 232 231
Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13e
NWR quarterly coke blended price (EXW)
67
74
603
2011 2012 2013e

12. 12
EUR m
EBITDA from continuing operations
220
118
63
79
107
97
(50)
9M 2012
EBITDA
Coking coal
prices
Thermal coal
prices
Coal volumes
and mix
Change in inventories Other OPEX
and revenues
9M 2013
EBITDA

13. 9M 2012 9M 2013
4,231kt
3,423kt
69
81
9M 2012 9M 2013
+17%
13
1 More information can be found in the latest Operating and Financial Review.
2 In 9M 2013 approx. 42% of coking coal sales were mid-volatility hard coking coal, 50% were semi-soft coking coal and 8% were PCI coking coal. Includes coking coal volumes sold to OKK .
3 In 9M 2013 approx. 77% of thermal coal sales were thermal coal and 23% middlings.
4 Cash mining costs per tonne reflect the operating costs incurred in production of both coking and thermal coal. They are calculated by deducting from the segmental Cost of sales the Change in
inventories and D&A, and then divided by total coal production.
5 9M 2013 rebased for 9M 2012 production.
EBITDA
9M 2012 9M 2013
561
336
9M 2012 9M 2013
245
211
9M 2012 9M 2013
Coking coal revenues Thermal coal revenues
EUR m
Volumes and prices2
EUR m
Volumes and prices3
- 40%
- 14%
EUR 133/t
EUR 98/t
EUR 73/t
EUR 56/t
- 19%
+ 12%
- 26%
Cash mining unit costs4
EUR/t
kt
8,608kt
- 23%
3,373kt
3,762kt
6,452kt
Coal segment1
Production
-25%
228
(42)
9M 2012 9M 2013
160
128
9M 2012 9M 2013
- 20%
Selling &
administrative costs
EUR m
615
- 12%
Volumes sold to OKK
389kt
Inventory levels (eop)
EUR m
1,314
564
9M 2012 9M 2013
- 57%
395kt

14. 100
73
9M 2012 9M 2013
7
11
9M 2012 9M 2013
53 53
9M 2012 9M 2013
14
1 More information can be found in the latest Operating and Financial Review
2 In 9M 2013 approx. 69% of coke sales were foundry coke, 21% blast furnace coke and 10% other types of coke.
3 Cash coke conversion costs per tonne reflect the operating costs incurred in production of all types of coke and are calculated by deducting from the segmental Cost of sales the Costs of
inputted coal, the Change in inventories and D&A, and then divided by total coke production.
Cash coke conversion
unit costs4Coke revenues
Coke segment (discontinued operations)1
Coal purchase
charges
432kt 440kt
9M 2012 9M 2013
+ 2%
EBITDA
EUR 299/t
EUR/t
EUR m
129
106
9M 2012 9M 2013
EUR m
- 18%
EUR 240/t
- 20%
Volumes and prices2
+ 57%
0%
525kt
503kt
- 4%
EUR m
- 27%
Production
Selling &
administrative costs
22
19
9M 2012 9M 2013
- 13%
EUR m

15. 15
Financial position
9M 2013 Net debt development
EUR m
21 14 7 14 14
275
500
2013 2014 2015 2016 2017 2018 2019 2020 2021
2018 Senior Secured Notes (7.875%)
2021 Senior Notes (7.875%)
ECA Loan
Debt maturity profile
EUR m
551
25 2 37
102
5
672
Jan 1 2013
Net Debt
Cashflow from
operations
Taxes Interest CAPEX Other Sep 30 2013
Net Debt
176
3
11
17
6
1571
Jul 1 2013
Cash
Cashflow from
operations
Interest CAPEX Other Sep 30 2013
Cash
Q3 2013 Cash development
EUR m
1 Includes EUR 9 million of cash classified as Assets held for sale.

16. DELIVERING ON OUR BUSINESS
OPTIMISATION STEPS

17. 17
EUR 85m of cash-enhancing measures delivered
8
Personnel cash
cost savings
Contractors
cost savings
Administrative &
material cost savings
12
6
43
5
Cost savings
Active working
capital operations
Target:EUR100m
11
5
4
CAPEX
Optimisation of
receivables & payables
Inventory
sell-down
Q4e: EUR 5m
CAPEX savings & deferrals of
selected gateroad development
& non-critical maintenance
9M: EUR 14m
9M: EUR 12m
9M: EUR 59m
Q4e: EUR 5m
9M 2013 (EUR m)
100% complete 55% complete50% complete
67% complete
100% complete90% complete
Q4e: EUR 6m
Q4e 2013 (EUR m)
9M: EUR 85m
Q4e: EUR 16m
Total
16

18. 17
12
32
30
3.5
2012 2014e
CAPEX/production
(EUR/t)
7.45
2012 2014e
18
2014 year-end target – more effective and leaner business
12.5
8-9
2012 2014e
Coal production
Coking coal in the sales mix
Cash mining unit costs1
LTIFR
Elimination of uncompetitive
parts of current operations
(Paskov mine)
EUR231m
Mt
Source: JPMC, FY 2013 data, NWR analysis
%
Selective
mining plan
CAPEX
LTIs per million hours (NWR operations)EUR m
improving
safety through
incentives
Mt
USD/t
1 All-in cash costs including processing, general and selling expenses, royalties, and freight.
JSWJSW
Managing CAPEX intensity
<EUR100m
ANR
CAPEX/production
(EUR/t)
Source: JSW Results Presentations,
ANR Annual Report, Deutsche Bank, NWR analysis.
51
60
2012 2014e
40
60
80
100
120
140
0 20010050 150
Moving down
the global
HCC cash cost
curve

19. 19
§ Coal production between 8-9Mt.
§ Coking coal above 60% of coal sales.
§ Cash mining unit costs of EUR 60/t by year-end.
§ Lower overheads.
§ Annual maintenance CAPEX below EUR 100 million.
§ Further improved LTIFR.
NWR
2017
10Mtpa of
coking coal
sales to
Europe
Become a
‘one-stop
shop’ for
European steel
customers
Fully optimise
current
operations by
the end of 2014
2017 strategic targets – current focus on optimisation
§ Combination of
mining projects and
new marketing
initiatives.
§ Engage in the import
market for seaborne
coking coal.
§ Build on marketing
capabilities.
§ Supply full range of
coking coal
qualities to existing
and expanded
coking coal
customer base,
throughout Europe.

20. 2014 Financial calendar
FY 2013 Results 13 February
Annual Report 20 March
Q1 Results 15 May
H1 Results 21 August
9M Results 13 November
Investor Relations contacts
Radek Nemecek
+31 20 570 2244
rnemecek@nwrgroup.eu
Subscribe to email alerts at www.newworldresources.eu
@NWRPlc for relevant updates on the coal markets
20

21. Appendix

22. 22
Recent developments
Markets
NWR
§ Anglo American settled Q1 2014 LV-HCC deals with Asian
steelmakers at $143/Mt FOB Australia; Q4 benchmark at
USD 152/t.
§ Steel production in the CE6 flat year-on-year (Jan-Nov).
November up 9% y/y.
Coking coal spot market (FOB Australia)
§ 13th Nov 2013: Collective agreement 2014-2018 signed -
8% decrease in personnel expenses at OKD expected in
2014 in CZK terms1.
§ 6th Dec 2013: completion of the sale of the coke subsidiary,
OKK to the METALIMEX group for EUR 95 million.
§ 17th Dec 2013: waivers and amendments in relation to ECA
facility agreed.
§ 6th Jan 2014: OKD signed a Memorandum of Understanding
on the closure of the Paskov mine.
1 Consists of ca. 4% decrease in total remuneration and ca. 4% expected headcount reduction, not taking into account redundancies in relation to the Paskov mine closure.
80
90
100
110
120
130
140
150
160
170
180
Prem Low Vol HCC
HCC 64 Mid Vol
Low Vol 12 Ash PCI
Source: Platts

23. 23
Coking coal sales volumes Thermal coal sales volumes Coke sales volumes
5,451
5,599
4,797
4,998
2009 2010 2011 2012
86
138
177
124
2009 2010 2011 2012
72
60
67
74
2009 2010 2011 2012
kt
Coking coal blended prices Thermal coal blended prices Coke blended prices
kt kt
4,610
5,113
5,849
4,727
2009 2010 2011 2012
EUR/t EUR/t EUR/t
Historical yearly sales figures
705
1,100
555
555
2009 2010 2011 2012
149
275
365
289
2009 2010 2011 2012

24. 24
2012 sales volumes by customer
33%
29%
20%
8%
6%
4%
Arcelor Mittal
US Steel
voestalpine
Moravia Steel
DBK
Other
22%
19%
17%
15%
9%
18% Dalkia
CEZ
Verbund
Novscom
Arcelor Mittal
Other
17%
17%
10%
5%
51%
Moravia Steel
KSK Handels
ThyssenKrupp
LLC Rockwool
Other
Coking coal Thermal coal Coke
Customer base and
NWR’s operations
Legend
1 Karvina mine; 2 CSM mine; 3 Darkov mine; 4 Paskov mine; 5 Svoboda coking plant; 6 Debiensko project;
7 Morcinek project; 8 Frenstat project