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New World Resources March 2011 Institutional Presentation New World Resources N.V.

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. 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. This presentation should not be relied upon as a recommendation or forecast by NWR.

CEE’s leading hard coal producer  NWR produces quality coking coal, thermal coal and coke from assets in the Czech Republic for the steel and energy sectors in Central and Eastern Europe (CEE).  Principal subsidiary OKD is the Czech Republic’s largest hard coal mining company.  OKK subsidiary is the Europe’s largest producer of foundry coke.  Strategically located within CEE supplying a blue chip customer base.  Operating in a region with 215 Bnt of total coal resources. 1  Four active coal mines.  Three ongoing development projects and other viable opportunities. �  396Mt of coal reserves. � 11.4Mt of coal produced in 2010, 5.3Mt sold as coking coal, and 5.5Mt as thermal  coal. �  1.1Mt of blast furnace and foundry coke sold in 2010. 1 Czech Republic (19 Bnt), Poland (91 Bnt), Ukraine (105 Bnt); Company estimates 3

Corporate overview Company structure BXR Group Limited 1 Ambitious strategy  Improve efficiency and profitability of mining Free float BXR Mining B.V. operations by: 63.6% (A shares)  Investing in equipment and technology, 36.4% (A shares)  Cost control and cash management, New World Resources N.V.  Maintaining high level of responsiveness to customer specifications, OKD, a.s. OKK Koksovny, a.s. NWR KARBONIA Sp. z o.o.  Strengthening procurement and (Mining business) (Coking business) (Polish projects) operational efficiencies,  Timely deliveries. OKD, HBZS, a.s.  Build the reserve base from existing mines. (Safety unit)  Selectively pursue regional growth opportunities in the region. Long History  Maintain a strong health and safety record. Rothschild Nationalisation Privatisation family  Implement international best practices in our 1946-1994 1994-2004 1782-1946 corporate governance. Asset Public Offerings Consolidation 2007-2008 1 BXR Group Limited owns the shares in NWR indirectly. 2004-2007 4

Management team Mike Salamon Marek Jelinek Klaus-Dieter Ralf Beck Jan Fabian Executive Chairman of NWR Chief Financial Officer & CEO of OKD & Executive Chief Operating Officer of Executive Director of NWR Director of NWR NWR & Vice-Chairman of OKD Board of Directors  Co-President of AMCI  Responsible for the  Significant management  Has overall responsibility Capital and Non- restructuring activities experience from his for the operations of OKK Executive Director of within the NWR Group, previous jobs in and the Polish business Central Rand Gold, Gem finance and treasury prominent managerial operations of NWR Diamonds, and Non- functions posts in international coal Karbonia Executive Director of companies in both  In 2007-2008, he led the  Previously managed large Ferrexpo Europe and the U.S. Group’s bond issue and privatisation projects in  Career spans more than the successful IPO in  Expertise helped NWR the Czech Republic as 30 years, the latter part of London, Prague and achieve strong growth well as Romanian steel which was spent with Warsaw and opened the way to industries BHP Billiton further expansion  Over 15 years experience in iron ore mining, focusing on operational efficiencies 5

Belarus Poland Germany Blue chip Ukraine Czech Rep. Slovakia customers Austria Hungary Switz. Romania Italy Bulgaria Sales volumes by customer (2010) NWR Coke customers Coking coal customers Thermal coal customers Coking Coal Thermal Coal Coke voestalpine Novscom 21% 23% 23% Arcelor Mittal 33% 35% 39% Dalkia Moravia Steel US Steel CEZ voestalpine KSK Handels 18% Verbund 18% 23% Other Other Other 13% 15% 26% 13% 6

Investment programmes POP 2010: Increased productivity COP 2010: Cost optimisation  EUR 63 million programme concluded by the 1,800 30 27 end of 2010. 24 25 20 1,600  Newly constructed battery No. 10 running at 20 17 full capacity. 1,400 15  Coke production now concentrated at single 10 facility. 1,200 5  Lower conversion costs and higher flexibility 1,000 0 between blast furnace and foundry coke 2007 2008 2009 2010 production. Average number of of operating longwalls Average daily production per LW in tonnes (LHS)  EUR 350 milllion capital investment completed by the end of 2009. .  Since then, number of operating LWs further decreased as direct result of POP 2010 investment.  Daily overall longwall productivity at 1,750 tonnes in 2010, a 15% increase compared to 2009.  Improved safety in mining operations due to new equipment. 7

Development projects in Poland D ę bie ń sko Morcinek  50-year mining concession granted in June  Exploration concession for the dormant 2008 to NWR Karbonia (NWR’s wholly- Morcinek mine. owned Polish subsidiary).  New long-wall equipment opens up potential  190Mt of coking coal reserves. to access deeper and more geologically challenging seams.  Identified potential for capturing additional mineable coal reserves M&A  EUR350-400 million of estimated CAPEX to  Privatisation of Polish mining/coking be invested over the next 5 years. companies.  Currently conducting a detailed execution  Other opportunities in the region. study to eliminate much of the uncertainty and execution risk.  Physical start of the project aimed for mid 2011. 8

Safety Mining lost time injury frequency rate 1 (OKD) - 61% 23.48 17.05 15.72 13.05 12.00 9.13 2005 2006 2007 2008 2009 2010 9 1 LTIFR = number of reportable injuries after three days of absence divided by total hours worked expressed in millions of hours.

Reserves Reserve base as of 1 January 2011 1 Active Mines Total Development Total Darkov Karvina CSM Paskov Active Debiensko Active + Dev. Reserves (Mt) 41 93 48 25 206 190 396 Calorific value (MJ/kg) 26.10 27.56 27.40 27.55 27.23 2 Sulfur content 0.43% 0.44% 0.50% 0.61% 0.48% 2 Swelling index 6.5 4.3 7.0 8.0 5.8 2 % with thickness over 2.5m 63% 65% 66% 0% 57% 2 1 Calculations of OKD’s JORC-certified geologist. 2 Reserve-weighted average of all active mines. 10

Historical sales figures Coking coal sales Thermal coal sales Coke sales Volumes Volumes Volumes kt kt kt 1,262 7,767 5,771 5,707 1,103 1,096 1,100 6,970 5,455 1,060 6,781 5,282 5,095 6,293 4,891 5,257 5,170 705 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 Prices Prices Prices EUR/t EUR/t EUR/t 72 141 302 69 137 275 63 48 45 45 88 87 86 181 178 77 149 144 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 11

Capital history  Bridge Loan to finance the Acquisition in 2004.  EUR 1.1bn Senior Secured Facility (SSF) in 2006 to refinance bridge loan.  In 2007 increased leverage by raising 7.375% EUR 300mln of HY 2015 Notes.  In May 2008 listed on the London, Prague and Warsaw Stock Exchanges.  In 2009 raised EUR 141mln Export Credit Agency (ECA) facility to finance POP 2010 capital investment programme.  In April 2010 issued 7.875% EUR 500mln Senior Secured Notes maturing in 2018 to refinance SSF.  In February 2011, EUR 100mln Revolving Credit Facility raised. 12