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Corporate Presentation Anglo Pacific Group PLC September 2014 Important disclaimer Certain statements in this presentation, other than statements of historical fact, are forward-looking statements By its nature, this information is subject to

SLIDE 1

Anglo Pacific Group PLC

September 2014

Corporate Presentation

SLIDE 2 Anglo Pacific Group PLC

Important disclaimer

Certain statements in this presentation, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect the expectations of Anglo Pacific Group PLC (the “Company”) and views of future events. Forward-looking statements (which include the phrase “forward-looking information” within the meaning of Canadian securities legislation) are provided for the purposes of assisting the reader in understanding the Company’s financial position and results of operations as at and for the periods ended on certain dates, and to present information about management’s current expectations and plans relating to the

future. Readers are cautioned that such forward-looking statements may not be appropriate for other purposes

than outlined in this presentation. These statements may include, without limitation, statements regarding the

perations, business, financial condition, expected financial results, cash flow, requirement for and terms of

additional financing, performance, prospects, opportunities, priorities, targets, goals, objectives, strategies, growth and outlook of the Company including the outlook for the markets and economies in which the Company

perates, costs and timing of acquiring new royalties, mineral reserve and resources estimates, estimates of

future production, production costs and revenue, future demand for and prices of precious and base metals and

ther commodities, for the current fiscal year and subsequent periods. In addition, statements relating to

“reserves” or “resources” are forward looking statements, as they involve implied assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably produced in the future. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. Forward-looking statements are based upon certain material factors that were applied in drawing a conclusion or making a forecast or projection, including assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. The material factors and assumptions upon which such forward-looking statements are based include: the general economy is stable; local governments are stable; interest rates are relatively stable; equity and debt markets continue to provide access to capital; the ongoing operations of the properties underlying the Company’s portfolio of royalties by the owners or operators of such properties in a manner consistent with past practice; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the Company’s portfolio of royalties and investment interests; no adverse development in respect of any significant property in which the Company holds a royalty or other interest; the successful completion of new development projects; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; planned expansions or other projects within the timelines anticipated and at anticipated production levels; and title to mineral properties. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions, which could cause actual results to differ materially from those anticipated, estimated or intended in the forward-looking statements. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate; that assumptions may not be correct and that objectives, strategic goals and priorities will not be

achieved. A variety of material factors, many of which are beyond the Company’s control, affect the operations,

performance and results of the Company, its businesses and investments, and could cause actual results to differ materially from those suggested any forward-looking information. For additional information with respect to such risks and uncertainties, please refer to the ‘Risk Factors’ section of our most recent Annual Information Form available on www.sedar.com and the Group’s website www.anglopacificgroup.com, and also to the ‘Principal risks and uncertainties’ section of our most recent Annual Report, which is also available on our

website. If any such risks actually occur, they could materially adversely affect the Company’s business, financial

condition or results of operations. The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements.This presentation also contains forward-looking information contained and derived from publicly available information regarding properties and mining operations owned by third parties. The Company’s management relies upon this forward- looking information in its estimates, projections, plans, and analysis. Although the forward-looking statements contained in this presentation are based upon what the Company believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements made in this presentation relate only to events or information as of the date on which the statements are made and, except as specifically required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. This presentation contains reference to past prices of and/or yields on the Company’s shares. Readers are reminded that past performance cannot be relied on as a guide to future performance. As a royalty holder, the Company often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties, or such information is subject to confidentiality provisions. As such, in preparing this presentation, the Company has relied upon the public disclosures of the owners and operators of the properties underlying its portfolio of royalties, as available at the date of this presentation. This presentation is for informational purposes only. This presentation is not a prospectus and does not constitute or form part of any offer, invitation or recommendation in respect of securities, or an offer, invitation, recommendation to sell, or a solicitation of any offer to buy, securities. 1

SLIDE 3 Anglo Pacific Group PLC

Anglo Pacific corporate overview

» The only natural resource royalty company listed in London » Dual listing: LSE (Premium Listing) and TSX » Strong existing asset base from which to develop the business » Portfolio includes royalties on six operations that are producing » Diversified commodity exposure across coking coal, iron

re, gold, vanadium and uranium

» Key royalty asset in Kestrel, a Tier 1 coking and thermal coal mine in Australia operated and majority-owned by Rio Tinto » New royalty acquisitions and Kestrel expected to drive royalty income growth over the coming years

Shareholders (5)

Directors 9.0% Liontrust Investment Partners 6.2% Aberforth Partners 5.6% Schroder Investment Management 4.7% AXA Investment Management 4.7% T.Rowe Price 1.2% Total number of shareholders ~2,500

Corporate Information

Ticker APF (LSE), APY (TSX) Share price (1) 161p Market capitalisation (2) £184m Cash (3) £14m Revolving credit facility (undrawn) £9m 2013A Dividend per share 10.2p Dividend yield (4) 6.3% 2 (1) Bloomberg (as at market close on 9 September 2014) (2) Based on ~116.4m ordinary shares outstanding (as at 9 September 2014) (3) Anglo Pacific H1 2014 results announcement (as at 30 June 2014) (4) Based on 2013A dividend and market close on 9 September 2014 (5) Director holdings as disclosed to the Group as of 12 September, 2014. Substantial holdings as per Group notifications of interests of 3% or more in the share capital of the Company as of 6 June, 2014. T.Rowe Price holdings as per RDIR research report dated 4 June 2014

SLIDE 4 Anglo Pacific Group PLC

Anglo Pacific investment highlights



12-year track record of shareholder dividends

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Potential for higher returns vs. precious metal royalty strategies

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Focus on bulk materials, base metals and energy – will opportunistically consider other commodities

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Overhead costs decoupled from royalty income growth

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Strong foundation with existing royalty portfolio

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Experienced management opening up new investment opportunities

”

To create a leading international diversified royalty company

”

M I S S I O N S T A T E M E N T

SLIDE 5 Anglo Pacific Group PLC Copper Price: $4.00 /lb Copper Price: $3.32 /lb 2011 2013 » In contrast to mining companies, most royalty investments have limited direct exposure to: » Operating cost inflation » Capex escalation » Royalty investments are generally less sensitive to commodity price volatility than mining companies » Diversification targeted through exposure to projects in different commodities and jurisdictions

Royalties: Lower risk & lower volatility

Royalty Companies vs. Copper Miners: Margin Change 2011-2013 (1, 2)

(per pound of copper) 4 Copper miner C1 cash cost: $1.27 /lb ( 1) Copper miner cash margin: $2.73 /lb Miner’s change in margin: ~(40%) Royalty Co.’s change in margin: ~(17%) Copper miner C1 cash cost: $1.68 /lb (1) Copper miner cash margin: $1.64 /lb (1) Wood Mackenzie - July 2014, based on Copper Mine Composite Cost Leagues (2) All figures presented for indicative purposes only. Royalty Co. margin assumes constant deductibles

SLIDE 6 Anglo Pacific Group PLC

Royalties: Cash returns & additional upside potential

» Royalty companies can generate cash yields for shareholders – unlike holding ETFs or physical metal » Royalty companies have a relatively low and stable overhead cost base » Potential to participate in commodity price upside » Upside optionality of the royalty model due to increased mine production and mine life / oil & gas field extensions 5 Revenue Growth Via:

Royalty

acquisitions

Production

ramp-up at current portfolio Higher dividends Further royalty acquisitions £2.8 £3.3 £3.4 £3.6 £3.4 £18.4 £28.0 £32.8 £12.2 £12.1 £21.1 £31.3 £36.2 £15.8 £15.5 2009 2010 2011 2012 2013 Operating Expenses Cash Operating Margin

Anglo Pacific’s Historical Operating Margin

SLIDE 7 Anglo Pacific Group PLC 50% 19% 9% 9% 13% Coal Iron Ore Gold Copper Other 2013 Global Mining Production by Value (%)

Bringing a diversified commodity royalty portfolio into the mainstream

» Within the metals & mining universe, coal, iron ore and copper accounted for 50%, 19% and 9% of global production (by value) respectively vs. 9% for gold (1) » Bulks and base metals projects are capital intensive and under significant cash constraints due to: » Commodity price softening » Efforts to de-leverage balance sheets » Capex and cost overruns » Royalties and streaming account for a small proportion of overall mining investment: 1.1% in 2012 (2) » “First mover” advantage gives Anglo Pacific the potential to pursue attractive assets and acquire secondary royalties » In addition, Anglo Pacific is currently evaluating oil and gas royalties as well as mining infrastructure royalty opportunities (1) Global production by value during H1 2013. Global Mining Perspective, Arctic Cluster of Raw Materials Conference, IntierraRMG report (September 26, 2013) (2) Three things you need to know about alternative financing in the mining industry, PWC (2013) 6

SLIDE 8 Anglo Pacific Group PLC

Strategy for growth: Sourcing new royalties

» Alternative forms of financing are increasingly popular vs. equity fundraisings in the current cash constrained commodity sector » Anglo Pacific aims to provide the “last dollar” required for companies to achieve economic production » Providing an alternative form of capital to assist with the financing of asset purchases » Providing capital to refinance onerous debt obligations Financing for growth » Natural resource assets often have existing royalties held by the original founding shareholders who require liquidity solutions (e.g. the Maracás royalty acquisition) » Opportunity to acquire existing royalties at attractive prices Providing liquidity » Disposal for cash of existing royalties held by large miners often preferred in order to enhance the stock market rating of the company Monetising hidden royalty assets

The company is actively progressing a number of prospective royalty deals

SLIDE 9 Anglo Pacific Group PLC

Anglo Pacific’s approach to royalty acquisitions

Commodity: » Focused on bulk materials, base metals and energy » Opportunistically consider other commodities, as well as royalties on ports and rail infrastructure Asset specific considerations: » Management’s operating track record » Profit margin & position on the industry cost curve » Counterparty risk » Jurisdictional risk » Compliance with the Group’s corporate social responsibility policy Valuation considerations: » Detailed due diligence on mine production profile » Site visits by technical team and independent technical advisors » Production assumptions based on existing mineable reserves, resources conversion assumptions evaluated on case by case basis » Consider other factors such as geology, infrastructure, and permitting which could impact production volumes

r mine life

Disciplined approach to investments

SLIDE 10 Anglo Pacific Group PLC

Key royalty acquisition characteristics

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Near-term cash flow generation

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Established natural resource jurisdictions

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High quality, long-life assets

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Production and exploration upside

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Strong operational management teams

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Portfolio diversification

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Accretive to EPS and CFPS

Maracás Mine

perated by

2% NSR Royalty US$25 million June 2014 Brazil

Recent Maracás royalty acquisition demonstrates key acquisition characteristics

SLIDE 11 Anglo Pacific Group PLC

Royalty portfolio expansion to drive dividend growth

Current Dividend Yield Compares Favourably to Peers

(2013A Dividend Yield) (1) (1) Company dividend yield calculated as 2013 dividend divided by share price as of 9 September 2014. Index yields as of 9 September 2014. Bloomberg, company filings

Committed to maintaining the dividend per share, with a view to increasing it in the longer term

SLIDE 12 Anglo Pacific Group PLC Annual Results 2013 11

Asset Overview

Anglo Pacific Group PLC 11

SLIDE 13 Anglo Pacific Group PLC

Geographic and commodity exposure across principal royalty assets

 Producing royalties  Development royalties  Early-stage royalties Royalty Commodity Operator Location Royalty type and rate (1,2,3) Producing Kestrel Coking & thermal coal Rio Tinto Australia 7 – 15% GRR El Valle-Boinás / Carlés (‘EVBC’) Gold, copper and silver Orvana Minerals Spain 2.5 – 3% NSR Maracás Vanadium Largo Resources Brazil 2% NSR Four Mile Uranium Quasar Resources Australia 1% NSR Amapá Iron ore Zamin Ferrous Brazil 1% GRR Tucano Iron ore Beadell Resources Brazil 1% GRR Development Salamanca Uranium Berkeley Resources Spain 1% NSR Isua Iron ore London Mining Greenland 1 – 1.4% GRR Early-stage Pilbara Iron ore BHP Billiton Australia 1.5% GRR Ring of Fire Chromite Cliffs Natural Resources Canada 1% NSR Dugbe 1 (4) Gold Hummingbird Resources Liberia 2 – 2.5% NSR 1 2 3 4 5 6 7 8 9 10 11 10 11 9 8 7 5 6 2 4 1 3 12 (1) Please refer to 2013 Annual Report for further detail on the Royalty type and rate for Kestrel, Tucano, EVBC, Isua, and Dugbe 1 (2) GRR – Gross Revenue Royalty (3) NSR – Net Smelter Return (4) Dugbe 1 to become a royalty upon the receipt of a mining license

SLIDE 14 Anglo Pacific Group PLC

Principal royalty assets royalty portfolio breakdown

66% 11% 8% 5% 5% 3% 3% Australia Brazil Greenland Spain Liberia Canada Other Geographic Exposure 75% 16% 9% Producing Early-stage Development Exposure by Stage of Production 59% 20% 8% 13% Coal Iron Ore Gold Other Commodity Exposure (1) As percentage of net assets as of 30 June 2014 13

SLIDE 15 Anglo Pacific Group PLC

Kestrel royalty, Rio Tinto, Australia

» A Tier 1 coking and thermal coal mine in Australia operated and majority-owned by Rio Tinto » APG royalty lands cover a portion of Rio Tinto’s licensed mining area » Recently completed a US$2bn capex programme to extend the mine life and increase production capacity (2) » Royalty terms: 7% of value up to A$100/tonne, 12.5% of the value over A$100/tonne and up to A$150/tonne, 15% thereafter (3)

Historical Kestrel Royalty Income

(GBP millions) 14

Forecast Cost Curve Position (1)

(C1 cash cost, US$/tonne) Kestrel Cumulative production (million tonnes) (1) Wood Mackenzie forecasts as of August 2014. AUD:USD FX assumptions of 1.185. Based on Coal Costs Benchmarking seaborne export metallurgical cost curve 2016. (2) Kestrel US$2bn capex program completion and production commencement announced by Rio Tinto on 12 July 2013 (3) Royalty rate set by the Queensland Government. Anglo Pacific has an effective 50% ownership of this royalty

US$25

US$50 US$75 US$100 US$125 US$150 US$175 US$200 Quartile 1 Quartile 2 Quartile 3 Quartile 4

SLIDE 16 Anglo Pacific Group PLC Annual Results 2013 15

Anglo Pacific Update

Anglo Pacific Group PLC 15

SLIDE 17 Anglo Pacific Group PLC

Kestrel information rights

» As announced on August 18, 2014, Anglo Pacific entered into an agreement with Kestrel Coal Pty Ltd, for the provision of certain information in respect of the Kestrel coal mine (1) » Enhanced visibility of expected future production from key royalty » Historical information – to be provided on a quarterly basis » Invoiced payable tonnes (including product mix) » Royalty payable » Split between the public and the private royalty payable » Forecast information » Estimated private royalty payable for the next quarter » Forecast production tonnages, split on a public and private royalty basis, for the next four quarters

Forecast information provides increased visibility on expected Kestrel royalty income Agreement summary

16 (1) Please refer to endnote (i)

SLIDE 18 Anglo Pacific Group PLC

Portfolio update: Newly producing royalties

Maracás, Vanadium, Brazil (Largo Resources) (1) » Acquired for US$22 million in cash, up to US$3 million in milestone payments, and 500k warrants in June 2014 (2) » Estimated 29 year mine life (to which royalty area relates) » First production achieved on August 2, 2014 » First shipment of V2O5 made on September 2, 2014 » Largo targeting Phase 1 nameplate capacity of 9,600 tonnes of V2O5 equivalent within 12 months Four Mile, Uranium, South Australia (Alliance Resources) » First production achieved on April 4, 2014 » 685,501 lbs of uranium oxide concentrate produced up and until August 1, 2014 » First sales expected post mid-September 2014 with royalty payments expected to commence shortly thereafter (3) 17 (1) Please refer to endnote (ii) (2) US$1.5 million payable in cash when the Maracás Project reaches, over a calendar quarter, sales of an annualised production rate of 20.9 Mlbs (9,500t) V2O5 equivalent and a further US$1.5 million payable in cash when the Maracás Project reaches, over a calendar quarter, sales of an annualised production rate of 26.5 Mlbs (12,000t) V2O5 equivalent. Each warrant will entitle the holder to acquire one Anglo Pacific ordinary share at a strike price of £2.50 and will be exercisable for 5 years. The warrants will not be admitted to trading on any exchange (3) Please refer to endnote (iii)

SLIDE 19 Anglo Pacific Group PLC

Non-core asset disposals

Equity portfolio monetisation » £7.0m of realised proceeds from the portfolio of non-core equity investments from December 31, 2013 to June 30, 2014 » Number of listed equity holdings reduced by ~50% » Further non-core equity disposals expected over the coming months » Investments in listed equities valued at £14.9 million as of June 30, 2014 Panorama Coal disposal and retention of royalty » Anthracite coal project located in British Columbia, Canada » Located adjacent to the Groundhog project owned by Atrum Coal NL (ASX:ATU) » Entered into an agreement to sell the Panorama Coal project for: » US$0.5m of cash payable on completion » US$2.0m promissory note payable within 12 months » One million Atrum Coal shares » The Group retained a royalty over the project which will be the greater of 1% gross revenue royalty or US$1 /tonne royalty (1) 18 (1) 1% of gross revenues on a “mine gate” basis or US$1/tonne over any coal mined and sold from the properties sold to Atrum Coal

SLIDE 20 Anglo Pacific Group PLC

Deal pipeline

Actively pursuing primary and secondary royalties » Pursuing royalty opportunities in bulk materials and base metals » Developing new royalty opportunities in oil and gas and infrastructure » Currently pursuing a number of transformational transactions Focus on acquiring royalties on high quality natural resource assets that will contribute to earnings and dividend growth

Anglo Pacific is actively pursuing new royalty opportunities

SLIDE 21 Anglo Pacific Group PLC

Strengthened Board of Directors

» Mike Blyth appointed as the Group’s independent non-executive Chairman in April 2014 » Appointment of Robert Stan as independent non-executive director in February 2014 » 34 years of experience in the natural resource industry » Extensive contacts in the Canadian investment community along with working knowledge of operating coal projects in North America » Appointment of Rachel Rhodes as independent non-executive director in May 2014 » Over fifteen years of experience in the natural resource sector » Member of the Institute of Chartered Accountants in England and Wales and the Group’s Audit Committee Chair 20

SLIDE 22 Anglo Pacific Group PLC Annual Results 2013 21

Conclusion

Anglo Pacific Group PLC 21

SLIDE 23 Anglo Pacific Group PLC

Conclusion

» Attractive dividend yield » Accretive acquisitions to grow net income and dividend progressively » Upside potential in Kestrel royalty income » Market opportunity as conventional funding routes for natural resource producers remain limited » Limited competition from other royalty players

SLIDE 24 Anglo Pacific Group PLC Annual Results 2013 23

Appendix

Anglo Pacific Group PLC 23

SLIDE 25 Anglo Pacific Group PLC Julian Treger Director and Chief Executive Officer Julian Treger has over 24 years of investment experience including special situations and distressed investing. He co-founded Audley Capital Advisors LLP (“Audley”) in 2005 and has led the firm’s natural resource investments. Prior to Audley, he co-founded Active Value Advisors Ltd. to invest in undervalued, predominantly UK-listed companies, where he advised on more than US$900m of funds over a 12-year period. Julian Treger began his career working for Lord Rothschild as an in-house corporate financier, managing a portfolio of public and private equity

investments. Julian Treger holds a BA and an MBA from Harvard University.

Management team has established track record in natural resources sector

Mark Potter Director and Chief Investment Officer Mark Potter has more than 13 years of experience in special situations investing, private equity and corporate finance advisory. He joined Audley in 2005 and has been primarily responsible for covering all natural resource investments held by the Audley European Opportunities Fund. From 2003 to 2005, Mark Potter was an Associate at Dawnay Day advising

n M&A, private equity and initial public offerings for UK-listed companies.

Prior to this, he was a Senior Analyst in the Investment Banking division of Schroder Salomon Smith Barney (Citigroup). Mark Potter holds a BA (Hons) and MA degree in Engineering and Management Studies, Trinity College, University of Cambridge.

Julian Treger and Mark Potter bring a disciplined approach to royalty investments

Key management supported by wider Anglo Pacific team

Significant technical, legal, accounting and corporate finance experience across the team

Julian Treger & Mark Potter Have Strong Track Record of Creating Value

Generated over US$600m of profit on US$300m worth of actively structured natural resource investments over a 7-year period(1)
Brokered US$3.3bn sale of Western Coal to Walter Energy, providing significant return on investment
Natural resource investments predominantly focused on coal and iron ore across Canada, US and Africa

(1) Audley Capital Advisors LLP, November 18, 2013 24

SLIDE 26 Anglo Pacific Group PLC

Other members of the Board of Directors

Rachel Rhodes Non-Executive Director Rachel Rhodes (43) was appointed director in May 2014 and currently chairs the Group’s Audit Committee. She has an MA in Economics from the University of Cambridge and is a member of the Institute of Chartered Accountants in England and Wales, having qualified with Coopers and Lybrand in London in 1997. She has

ver fifteen years of experience in

the mining industry, including with Anglo American PLC and, most recently, serving as Chief Financial Officer of London Mining PLC until November 2013. At London Mining PLC, Ms. Rhodes played a leading role in listing the Company on AIM, in raising finance of around US$500 million and in the negotiation of the mining licences and fiscal platforms for the company’s projects in Sierra Leone and Greenland. Robert Stan Non-Executive Director Robert Stan (60) was appointed director in February 2014. He has a B.Comm from the University of

Saskatchewan. He has over 34

years of experience in the mining

industry. He has held several senior

positions with Fording Coal Limited, Westar Mining Ltd, and TECK Corporation before becoming a founding shareholder and director of publicly quoted Grande Cache Coal Corporation ("GCC"), an Alberta- based metallurgical coal mining company, in 2000. At GCC, he served as President, CEO and Director from 2001 to 2012, when the company was sold for $1bn to Winsway Coking Coal and Marubeni Corp, an Asian-backed strategic investor consortium. He has served as Chairman of the Coal Association

f Canada Board of Directors and

has acted as a board member of the International Energy Agency's Coal Industry Advisory Board. He currently serves on the board of several private companies, including Quantex Resources Limited and Spruce Bluff Resources Limited, and of publicly listed Whetstone Minerals Limited. Mike Blyth Non-Executive Chairman Mike Blyth (63) was appointed director in March 2013 and as non- executive chairman in April 2014. He also currently chairs the Nomination Committee. He has a BSc from St Andrews University and is a Chartered Accountant. He was, until his retirement in 2011, a partner for 30 years in Baker Tilly, specialising in providing audit and related services to AIM and full list

clients. During his career he held a

number of senior management positions with the firm, including a period on its National Executive Committee. 25 Paul Cooke Non-Executive Director Paul Cooke (66) was appointed director in December 2012. He has an MA in History from Cambridge University and is a qualified Chartered Surveyor. He is a substantial shareholder in a number

f property companies specialising

in property development, investment and financing. He is also involved in farming and forestry interests in the UK and abroad. He serves on the boards of several charities. Anthony Yadgaroff Non-Executive Director Anthony Yadgaroff (65) was appointed director in March 2003. He is a Member of the Chartered Institute for Securities and Investment, and has specialised in investment research, management, and consultancy during a forty year City career. Allenbridge Group, which he founded in 1984 to provide advisory services to private and institutional investors, was acquired by Close Brothers in February 2011. He is Chairman of AllenbridgeEpic Ltd, which advises major UK pension funds with assets exceeding £25 billion. He serves on the boards of several charities and non-profit organisations.

SLIDE 27 Anglo Pacific Group PLC

Experienced wider Anglo Pacific team

26 Kevin Flynn Chief Financial Officer Kevin Flynn joined the Group as Chief Financial Officer in January 2012. A Chartered Accountant, having qualified with Deloitte, he has overall responsibility for corporate reporting, cash management and taxation. Prior to joining the Group, he spent several years in finance roles in the London commercial real estate sector, with both FTSE 100 and FTSE 250 companies. Peter Mason General Counsel and Company Secretary Peter Mason joined the Group in October 2010 and was appointed Company Secretary in July 2011. He has a BA in History from the University of Warwick and is a qualified solicitor. He began his career in private practice with Freshfields Bruckhaus Deringer LLP, working in London and Tokyo with a focus on M&A. Prior to joining the Group, he worked for the Malaysian oil and gas corporation, PETRONAS, advising on its European production and gas storage businesses. Juan Alvarez Group Mining Analyst Juan Alvarez joined the Group in 2012 as Group Mining Analyst. He has a Bachelors degree in geology from Macquarie University and currently has over twenty years experience in exploration, mining geology, resource estimation and mining

finance. Juan worked as a Senior Mining

Geologist for AngloGold and Rio Tinto before joining global mining consultant, Golder Associates as a Senior Consultant. Juan moved into mining finance when he joined niche mining focused stockbroker, Fox Davies Capital, as a sell side equities analyst before joining the Group. Marc Bishop Lafleche Investment Associate Marc Bishop Lafleche joined the Group as an Investment Associate in April 2014. He has an MSc in Banking and International Finance from Cass Business School and a BA (Hons) in Political Science from the University of Western Ontario. Marc became a CFA charter holder in 2013. Prior to joining the Group, between 2010 and April 2014 he worked in Citigroup’s Global Industrials Investment Banking team focusing on metals & mining, and in Citigroup’s European Leveraged Finance team. 26

SLIDE 28 Anglo Pacific Group PLC

Endnotes

Third party information As a royalty holder, the Company often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties, or such information is subject to confidentiality provisions. As such, in preparing this preliminary announcement, the Company has relied upon the public disclosures of the owners & operators of the properties underlying its portfolio of royalties, as available at the date of this presentation. i. This announcement contains information and statements that are based on certain estimates and forecasts that have been provided to the Group by Kestrel Coal Pty Ltd (“KCPL”), the accuracy of which KCPL does not warrant and on which readers may not rely. ii. Largo is listed on the TSX Venture Exchange and reports in accordance with the NI 43-101 standards. First production achieved August 2, 2014, material test work, expected ramp-up, and targeted phase 1 nameplate capacity as per August 5, 2014 Largo Resources Limited press release “Largo achieves first production at Maracás Vanadium Project”. First shipment made on 2 September 2014 as per Largo Resources Limited press release “Largo makes first shipment of vanadium pentoxide”. Estimated mine life (p. 2-1) extracted from NI 43-101 Technical Report dated 4 March 2013 (effective date 4 March 2013). iii. Alliance Resources Limited is listed on the Australian Securities Exchange and reports in accordance with the JORC Code. Production commencement date, total production as of August 1, 2014, and expected date of first sales as per Alliance Resources Limited August 8, 2014 press release “Four Mile Production Status”. Alliance Resources Limited owns 25% of the project, with Quasar Resources Pty Ltd owning the other 75%. 27