Alpha Natural Resources Announces Completion of Its Tender Offer for 3.250% Convertible Senior Notes due 2015

 Alpha Natural Resources Announces Completion of Its Tender Offer for 3.250%
                      Convertible Senior Notes due 2015

PR Newswire

BRISTOL, Va., Oct. 26, 2012

BRISTOL, Va., Oct. 26, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc.
(NYSE: ANR) ("Alpha") today announced the completion of the previously
announced cash tender offer by Alpha and Alpha Appalachia Holdings, Inc.
(formerly Massey Energy Company) (the "Issuer" and, together with Alpha, the
"Offerors"), for up to $350 million aggregate principal amount of the
outstanding 3.250% Convertible Senior Notes due 2015 issued by the Issuer (the
"Notes") and consent solicitation to amend certain terms of the indenture
under which the Notes were issued as described in the Offer to Purchase and
Consent Solicitation Statement dated September 27, 2012 and the related
Consent and Letter of Transmittal. The tender offer expired at 11:59 p.m., New
York City time, on October 25, 2012 (the "Final Expiration Date").

On October 26, 2012, the Offerors expect to make the payment in cash for all
Notes tendered after 5 p.m. New York City time, on October 11, 2012 (the
"Early Expiration Date") and prior to the Final Expiration Date. The Offerors
expect to fund this cash payment with a portion of the proceeds from Alpha's
public offering of $500 million aggregate principal amount of 9.75% senior
notes due 2018, which closed on October 11, 2012.

Between the Early Expiration Date and the Final Expiration Date, the Offerors
received and accepted tenders in respect of an additional $162,000 aggregate
principal amount of Notes, all of which have been accepted for purchase by the
Offerors. The total cash payment due upon final settlement of these accepted
Notes, including accrued and unpaid interest, is approximately $150,300.

The holders of these accepted Notes are not entitled to receive the "Early
Tender Payment" of $20 per $1,000 principal amount of Notes.

As previously announced, on October 12, 2012, the Offerors purchased for cash
$122,349,000 aggregate principal amount of the Notes, which were tendered on
or before the Early Expiration Date. In total, the Offerors received tenders
of $122,511,000 aggregate principal amount, or 18.6 percent, of the
outstanding Notes. The total cash payment made in connection with early
settlement and final settlement of the accepted Notes, including accrued and
unpaid interest, will be approximately $116.0 million.

Citigroup Global Markets Inc. and Barclays Capital Inc. served as the dealer
managers for the tender offer, and D.F. King served as the tender agent and
information agent.

This announcement does not constitute an offer to purchase or a solicitation
of an offer to sell securities, nor shall there be any offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale would be
unlawful.

About Alpha Natural Resources

Alpha is the nation's largest supplier of metallurgical coal used in the
steel-making process and is a major supplier of thermal coal to electric
utilities and manufacturing industries. In 2011, the company had more than
200 customers on five continents.

SOURCE Alpha Natural Resources, Inc.

Contact: Investor, Todd Allen, CFA, Vice President, Investor Relations,
+1-276-739-5328, tallen@alphanr.com, or Media, Ted Pile, Vice President,
Corporate Communications, +1-276-623-2920, tpile@alphanr.com
 
Press spacebar to pause and continue. Press esc to stop.