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ASHLAND COAL WILL SEEK TO EXTEND REGISTRATION STATEMENT

 HUNTINGTON, W.Va., Jan. 5 /PRNewswire/ -- Ashland Coal, Inc. (NYSE: ACI) announced today that certain holders of Ashland Coal common stock acquired in connection with the 1992 acquisition by Ashland Coal of Dal-Tex Coal Corporation have elected to take advantage of the company's offer to maintain for an additional year the effectiveness of the shelf registration statement, as amended, currently registering such holders' shares for public offering. In addition, at the request of certain of the selling shareholders named in the registration statement, Ashland Coal has agreed to indemnify such selling shareholders and certain brokers, dealers and agents acting on their behalf against certain liabilities under the Securities Act of 1933, as amended.
 Ashland Coal's obligation to maintain the current registration would have expired on the earlier of the date all registered shares are sold or May 10, 1994. Instead, it is now anticipated that a post-effective amendment to the current registration statement reflecting the extension will be filed with the Securities and Exchange Commission after May 10, 1994, and that Ashland Coal will maintain the effectiveness of the amended registration statement for a one-year period commencing on the date the commission declares the amended registration statement effective.
 Any offer for sale of such securities shall be made only by means of a prospectus, and this release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securites laws of any such state.
 Ashland Coal, Inc. is engaged in the mining, processing and sale of low-sulfur coal, and markets its coal principally to electric utilities in the eastern United States and into the export markets.
 Dal-Tex Coal Corporation is an independent operating subsidiary of Ashland Coal, Inc.
 -0- 1/5/94
 /CONTACT: David G. Todd, vice president of Ashland Coal, 304-526-3755/
 (ACI)


CO: Ashland Coal, Inc.; Dal-Tex Coal Corporation ST: West Virginia IN: MNG SU: OFR

DM-CD -- PG002 -- 9303 01/05/94 11:15 EST
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Publication:PR Newswire
Date:Jan 5, 1994
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