Anglo Pacific - Placing, Hldg in Co, etc

RNS No 7602j
ANGLO PACIFIC RESOURCES PLC
1st July 1997


Anglo Pacific Resources PLC announces that yesterday it completed a placing
for cash, subject to admission to dealing on the Official List, of 4,000,000
new ordinary shares of 10p each at 20p per share, raising #800,000 as
additional working capital for the Company.  It is expected that dealings in
the new ordinary shares will commence on 15th July 1997.

The Company also announces that its major shareholder, Allied and Mineral
Resources Limited, a subsidiary of the Anglovaal Group, has sold its entire
shareholding of 23,226,520 ordinary shares through Williams de Broe Plc, the
Company's brokers.  These have been placed at a price of 16p per share with a
number of institutional and other shareholders including certain directors as
follows:

Mr Peter Boycott has acquired 1,000,000 shares and now has a beneficial
interest in 1,579,810 shares, being 1.84% of the issued share capital; Mr
Brian Wides has acquired 1,250,000 shares and now has a beneficial interest in
2,064,695 shares, being 2.41% of the issued share capital; Mr Harry Michaelis
has acquired 1,400,000 shares and now has a beneficial interest in 1,900,000
shares, being 2.22% of the issued share capital; and Mr David Miltz has
acquired 500,000 shares and now has a beneficial interest in 1,788,000 shares,
being 2.09% of the issued share capital.

In addition, as a result of the placing for cash and the placing of existing
shares, Standard Bank London Limited has acquired an interest in 11,522,000
shares, representing 13.45% of the issued share capital.


END