Alpha Natural Resources Tenders $122.3M in Notes

Alpha Natural Resources ANR ("Alpha") today announced the early tender results 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 (the "Tender Cap 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 (the "Offer to Purchase") and the related Consent and Letter of Transmittal. As of the previously announced "Early Expiration Date" of 5:00 p.m., New York City time, on October 11, 2012, $122,349,000 in aggregate principal amount, or approximately 18.58 percent, of the Notes outstanding has been validly tendered and not withdrawn. The total cash payment to purchase these Notes, including accrued and unpaid interest, is approximately $115.8 million. Such payment is expected to be made on the "Early Settlement Date," which is expected to be October 12, 2012. Holders who have not already tendered their Notes may continue to tender their Notes prior to 11:59 p.m., New York City time, on October 25, 2012, unless extended or terminated earlier (the "Final Expiration Date"). Such holders will not be entitled to receive the "Early Tender Payment" of $20 per $1,000 principal amount of Notes, and will be subject to any proration in the event that the aggregate principal amount of Notes tendered prior to the Final Expiration Date (including the aggregate principal amount of any Notes purchased at the Early Settlement Date) exceeds the Tender Cap Amount. Withdrawal rights for the tender offer have expired. Accordingly, holders may not withdraw any Notes previously or hereafter tendered, except as contemplated in the Offer to Purchase. The complete terms and conditions of the tender offer are set forth in the Offer to Purchase and related Consent and Letter of Transmittal, along with any amendments and supplements thereto, copies of which may be obtained from D.F. King, which is acting as the tender agent and information agent for the tender offer, at (800) 967-4617 (toll-free). Questions regarding the tender offer also may be directed to the dealer managers for the tender offer, Citigroup Global Markets Inc., at (800) 831-9146 (toll-free) or Barclays Capital Inc., at (800) 438-3242.