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Amsterdam / London, 30 July 2014

Update on the Balance Sheet Restructuring


New World Resources Plc (NWR Plc) and New World Resources N.V. (the
Company, and together with NWR Plc and its subsidiaries, the NWR Group)
are today pleased to announce a key milestone in the NWR Groups balance
sheet restructuring process.

On 22 July 2014 the Company commenced the court process for the
restructuring with the first hearing held yesterday, 29 July 2014. Following this
hearing the court has granted the Company permission to hold two meetings
where the two groups of noteholders can vote on the Companys restructuring.
The meetings will be held on 29 August 2014.

With a view to the meetings of the noteholders, the Company has made public
today the necessary explanatory documentation for these stakeholders. This is
the explanatory statement to the proposed Schemes of Arrangement.

Further, Company will submit today a petition for recognition in the United
States of the court process in the United Kingdom.



Introduction

On 2 July 2014, the NWR Group announced that the Company had agreed revised
terms to the previously announced proposed consensual restructuring transaction with
the ad hoc joint committee of holders of its senior secured notes and senior unsecured
notes, certain individual noteholders, and its majority shareholder. This revised
proposed consensual transaction (the Consensual Restructuring Plan) takes into
account the interests of all of the Companys stakeholders.

As announced on 2 July 2014, the Company has as part of its contingency planning
agreed a proposed alternative restructuring plan (the Alternative Restructuring Plan)
with certain holders of its senior secured notes, in case the Consensual Restructuring
Plan is not capable of being implemented.



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The Company has received executed lock-up agreements from approximately 85% of
the holders of the senior secured notes and approximately 65% of the holders of the
senior unsecured notes by value.

Creditor Meetings

On 22 July 2014, the Company issued a Practice Statement Letter to bring the
commencement of the court process to restructure its financial obligations by means of
a court-sanctioned settlement (the Scheme of Arrangement or Scheme) to the
attention of its creditors.

In this letter the Company gave notice that it intended to apply to the High Court of
England and Wales (the Court) at a hearing held on 29 July 2014 for an order,
amongst other, granting permission to convene separate meetings for the two classes
of Scheme creditors the senior secured and the senior unsecured noteholders to
consider, and, if thought fit, approve a Scheme of Arrangement in relation to either the
Consensual Restructuring Plan and/or the Alternative Restructuring Plan (the Scheme
Meetings)

By an order dated 29 July 2014, the Court has directed permission to convene the two
Scheme Meetings as applied for by the Company.

The Scheme Meetings will be held at the offices of White & Case LLP, 5 Old Broad
Street, London EC2N 1DW on 29 August 2014. The meeting of the senior secured
noteholders will commence at 1 p.m. London Time and the meeting of the senior
unsecured noteholders will commence at 2 p.m. London Time. Further details are
provided in the Notice of Scheme Meetings that is published together with this
announcement.

Explanatory Statement

To enable the noteholders to exercise a reasonable judgment as to whether the
Scheme proposed by the Company is in their interests or not, the explanatory
statement provides them with detailed information about the restructuring, including the
proposed Schemes, the Scheme documents, the Scheme process and information on
the Company together with all relevant forms.

The explanatory statement, its appendices and forms (including the Notices of the
Scheme Meetings and an account holder letter for the noteholders to fill in to provide
certain information to the Company) are available for downloading on the website of


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the NWR Group at www.newworldresources.eu. The documents can also be
downloaded from the information agents secure website for creditors (www.lucid-
is.com/nwr) (contact details of the information agent are provided at the end of this
announcement).

Recognition in the United States of the Scheme Process

New York law governs the senior secured notes and the senior unsecured notes. In
light of this the Company submitted today a petition to the United States Bankruptcy
Court for recognition of the Scheme process before the High Court of England and
Wales as a foreign main proceeding and for related relief giving full force and effect to
the Scheme and related documents under Chapter 15 of the United States Bankruptcy
Code.

Sale Process

As announced on 2 July 2014, the Company has commenced a sale process for its
operating subsidiaries: OKD a.s. in the Czech Republic and NWR Karbonia S.A. in
Poland (together the Assets). This process is an important part of the Companys
contingency planning to ensure the continuation of the operations of these Assets
should the Consensual Restructuring Plan not be capable of being implemented. Any
bids received will be assessed against the Company's other options (including the
Alternative Restructuring Plan).

Whilst the sales process is ongoing, it should be noted that in a transaction that is
delivered through an insolvency the Companys stakeholders are being paid in
accordance with their respective rankings; this could leave certain categories of
stakeholders with minimal or no recoveries. In light of this consequence, the Board
repeats its recommendation to support the Consensual Restructuring Plan as it takes
into account the interests of all stakeholders of the Company.

Timing of the Transaction

After the Scheme Meetings on 29 August 2014, it is anticipated that a second and final
court hearing the scheme sanction hearing will be held on or around 5 September
2014 at which the Court will decide whether to exercise its discretion to sanction the
Scheme (assuming that the Scheme is approved at the Scheme Meetings by the
requisite majorities of the noteholders).



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Certain other approvals are required to implement the restructuring, including the
approval of shareholders of NWR Plc to the rights issue and placing that will occur as
part of the Consensual Restructuring Plan. Further announcements will be made in due
course in this regard.

Closing of the transaction is expected to occur at the end of September 2014.

End


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Contact details:
Noteholders
Nick Cox-Johnson
+44 (0) 7957 596 729
ncjohnson@nwrgroup.eu
Media
Toby Moore
+44 (0) 207 638 9571
toby.moore@citigatedr.co.uk


Financial Adviser to NWR
The Blackstone Group
International Partners LLP
Martin Gudgeon / Paul ODonnell /
Shirish Joshi
+44 (0) 207 451 4000
gudgeon@blackstone.com
odonnellp@blackstone.com
joshis@blackstone.com


Legal Adviser to NWR
White & Case LLP
Christian Pilkington / Rebecca Campbell /
Boris Docekal
+44 (0) 207 532 1000
cpilkington@whitecase.com
rebecca.campbell@whitecase.com
bdocekal@whitecase.com

Financial Adviser to Committee
Moelis & Company UK LLP
Charles Noel-Johnson/ Rohan Choudhary

+44 (0) 207 634 3500
charles.noel-johnson@moelis.com
rohan.choudhary@moelis.com

Legal Adviser to Committee
Freshfields Bruckhaus Deringer LLP
Sean Lacey / Geoff ODea /
Emma Gateaud
+44 (0) 207 936 4000
sean.lacey@freshfields.com
geoff.odea@freshfields.com
emma.gateaud@freshfields.com

Information Agent
Lucid Issuer Services Limited
Sunjeeve Patel
+44 (0) 207 704 0880
nwr@lucid-is.com







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About NWR Plc
New World Resources Plc is a Central European hard coal producer, listed at the London,
Prague and Warsaw stock exchanges. NWR produces quality coking and thermal coal for the
steel and energy sectors in Central Europe through its (indirect) subsidiary OKD, the largest
hard coal mining company in the Czech Republic.

About NWR N.V

New World Resources N.V. is a wholly owned subsidiary of NWR Plc. It is a company
incorporated under the laws of the Netherlands and registered at Dutch Trade Register of the
Chamber of Commerce under number 34239108 and registered as an overseas company at
Companies House in the UK with UK establishment number BR016952 and its address at 115
Park Street, London, W1K 7AP, United Kingdom (Telephone +44 (0) 207 371 5990, Fax +44 (0)
207 371 5999).


Disclaimer and cautionary note

Certain statements in this announcement are not historical facts and are or are deemed to be
forward-looking. The Companys prospects, plans, financial position and business strategy,
and statements pertaining to the capital resources, future expenditure for development projects
and 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 the Company 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 NWRs ability to control or predict. Forward-looking statements are not guarantees of
future performances.

Factors, risks and uncertainties that could cause actual outcomes and results to be materially
different from those projected include, but are not limited to, the following: risks relating to
changes in political, economic and social conditions in the Czech Republic, Poland and the CEE
region; future prices and demand for the Company's products, and demand for the Company's
customers' products; coal mine reserves; remaining life of the Company's mines; coal
production; trends in the coal industry and domestic and international coal market conditions;
risks in coal mining operations; future expansion plans and capital expenditures; the Company's
relationship with, and conditions affecting, the Company's customers; competition; railroad and
other transportation performance and costs; availability of specialist and qualified workers; and
weather conditions or catastrophic damage; risks relating to Czech or Polish law, regulations
and taxation, including laws, regulations, decrees and decisions governing the coal mining
industry, the environment and currency and exchange controls relating to Czech and Polish
entities and their official interpretation by governmental and other regulatory bodies and by the
courts; and risks relating to global economic conditions and the global economic environment.


7/11
Additional risk factors are as described in the Companys annual report. A failure to achieve a
satisfactory capital structure for liquidity and solvency purposes would pose a significant risk of
the Group ceasing to operate as a going concern.

Forward-looking statements are made only as of the date of this announcement. The Company
expressly disclaims any obligation or undertaking to release, publicly or otherwise, any updates
or revisions to any forward-looking statement contained in this announcement to reflect any
change in its expectations or any change in events, conditions, assumptions or circumstances
on which any such statement is based unless so required by applicable law.












































8/11
IN THE HIGH COURT OF JUSTICE No. 5347 of 2014
CHANCERY DIVISION
COMPANIES COURT

IN THE MATTER OF NEW WORLD RESOURCES N.V.

- and

IN THE MATTER OF THE COMPANIES ACT 2006


Terms defined in this Notice of Senior Secured Scheme Meeting have the same meanings as in the
proposed scheme of arrangement under Part 26 of the Companies Act between New World Resources
N.V. (NWR NV) and the Scheme Creditors (as defined therein) (the Scheme).

NOTICE IS HEREBY GIVEN that, by an order dated 29 July 2014 made in the above matter, the Court
has directed the Senior Secured Scheme Meeting to be convened for the purpose of considering and, if
thought fit, approving (with or without modification) the Scheme.

The Senior Secured Scheme Meeting will be held at the offices of White & Case LLP, 5 Old Broad Street,
London, EC2N 1DW, United Kingdom on 29 August 2014 and will commence at 2:00 p.m. London time.
All Senior Secured Scheme Creditors are requested to attend at such place and time either in person or by
proxy.

Senior Secured Scheme Creditors may vote in person at the Senior Secured Scheme Meeting or they may
appoint another person, whether a Scheme Creditor or not, as their proxy to attend and vote in their place.
Each Senior Secured Scheme Creditor or his proxy will be required to register his attendance at the Senior
Secured Scheme Meeting prior to its commencement. Registration will commence at or about 12:00 p.m.
London time on the day of the Senior Secured Scheme Meeting.

It is requested that Account Holder Letters are properly completed and returned to NWR NV c/o Lucid
Issuer Services Limited, Leroy House, 436 Essex Road, London N1 3QP, for the attention of Sunjeeve
Patel / Thomas Choquet by:
fax: +44 (0)20 7067 9098

or nwr@lucid is.com
The deadline for receiving Account Holder Letters is 5.00 p.m. (London time) on 28 August 2014 in
accordance with the instructions set out in the Account Holder Letter.

If further copies of the Scheme are required, please send your request to NWR NV, c/o Lucid Issuer
Services Limited, Leroy House, 436 Essex Road, London N1 3QP, for the attention of Sunjeeve Patel /
Thomas Choquet by:
fax: +44 (0)20 7067 9098 or nwr@lucid is.com


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By the said order, the Court has appointed Mr. Boudewijn Wentink or, failing him, Mr Christian Pilkington,
to act as Chairman of the Senior Secured Scheme Meeting and has directed the Chairman to report the
result of the Senior Secured Scheme Meeting to the Court.

Dated 30 July 2014

NEW WORLD RESOURCES N.V.
New World Resources N.V., a public company with limited liability (Naamloze Vennootschap) organised
under the laws of the Netherlands with registered number 34239108 and whose head office and principal
place of business is at 115 Park Street, W1K 7AP, London, United Kingdom.











































10/11
IN THE HIGH COURT OF JUSTICE No. 5347 of 2014
CHANCERY DIVISION
COMPANIES COURT

IN THE MATTER OF NEW WORLD RESOURCES N.V.

- and

IN THE MATTER OF THE COMPANIES ACT 2006

Terms defined in this Notice of Senior Unsecured Scheme Meeting have the same meanings as in the
proposed scheme of arrangement under Part 26 of the Companies Act between New World
Resources N.V. (NWR NV) and the Scheme Creditors (as defined therein) (the Scheme).

NOTICE IS HEREBY GIVEN that, by an order dated 29 July 2014 made in the above matter, the
Court has directed the Senior Unsecured Scheme Meeting to be convened for the purpose of
considering and, if thought fit, approving (with or without modification) the Scheme.

The Senior Unsecured Scheme Meeting will be held at the offices of White & Case LLP, 5 Old Broad
Street, London, EC2N 1DW, United Kingdom on 29 August 2014 and will commence at 1.00 p.m.
London time. All Senior Unsecured Scheme Creditors are requested to attend at such place and time
either in person or by proxy.

Senior Unsecured Scheme Creditors may vote in person at the Senior Unsecured Scheme Meeting or
they may appoint another person, whether a Scheme Creditor or not, as their proxy to attend and vote
in their place. Each Senior Unsecured Scheme Creditor or his proxy will be required to register his
attendance at the Senior Unsecured Scheme Meeting prior to its commencement. Registration will
commence at or about 12:00 p.m. London time on the day of the Senior Unsecured Scheme Meeting.

It is requested that Account Holder Letters are properly completed and returned to NWR NV c/o Lucid
Issuer Services Limited, Leroy House, 436 Essex Road, London N1 3QP, for the attention of
Sunjeeve Patel / Thomas Choquet by:
fax: +44 (0)20 7067 9098

or nwr@lucid is.com
The deadline for receiving Account Holder Letters is 5.00 p.m. (London time) on 28 August 2014 in
accordance with the instructions set out in the Account Holder Letter.

If further copies of the Scheme are required, please send your request to NWR NV, c/o Lucid Issuer
Services Limited, Leroy House, 436 Essex Road, London N1 3QP, for the attention of Sunjeeve Patel
/ Thomas Choquet by:
fax: +44 (0)20 7067 9098

or nwr@lucid is.com


11/11
By the said order, the Court has appointed Mr. Boudewijn Wentink or, failing him, Mr Christian
Pilkington, to act as Chairman of the Senior Unsecured Scheme Meeting and has directed the
Chairman to report the result of the Senior Unsecured Scheme Meeting to the Court.

Dated 30 July 2014

NEW WORLD RESOURCES N.V.
New World Resources N.V., a public company with limited liability (Naamloze Vennootschap)
organised under the laws of the Netherlands with registered number 34239108 and whose head office
and principal place of business is at 115 Park Street, W1K 7AP, London, United Kingdom.