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Alliance Holdings GP, L.P. Increases Quarterly Distribution By 2.8% To $0.74 Per Unit And Reports Financial Results

Alliance Holdings GP, L.P. (NASDAQ: AHGP) today announced that the Board of Directors of its general partner declared a quarterly cash distribution for the quarter ended December 31, 2012 (the "2012 Quarter") of $0.74 per unit, or an annualized rate of $2.96 per unit. The declared distribution will be paid on February 19, 2013 to AHGP’s unitholders of record as of the close of trading on February 12, 2013.

The announced quarterly cash distribution represents a 16.1% increase over the $0.6375 per unit distribution (an annualized rate of $2.55 per unit) for the quarter ended December 31, 2011 (the "2011 Quarter") and an increase of 2.8% over the third quarter 2012 distribution of $0.72 per unit (an annualized rate of $2.88 per unit).

The declared distribution is based on the distribution AHGP will receive from its ownership interests in Alliance Resource Partners, L.P. (NASDAQ: ARLP). ARLP today announced a quarterly distribution for the 2012 Quarter of $1.1075 per unit, or $4.43 per unit on an annualized basis, payable on February 14, 2013 to all unitholders of record as of the close of trading on February 7, 2013. (See ARLP Press Release dated January 29, 2013.)

For the year ended December 31, 2012 (the "2012 Period"), AHGP reported net income of $196.1 million, or $3.28 per basic and diluted limited partner unit, compared to net income for the year ended December 31, 2011 of $214.1 million, or $3.58 per basic and diluted limited partner unit. The decrease in net income during the 2012 Period primarily reflects losses and charges related to ARLP’s idling of the Pontiki mine, including a non-cash asset impairment of $19.0 million, reduced shipments into the metallurgical export markets and increased depreciation, depletion and amortization. For the 2012 Quarter, net income increased slightly to $52.9 million, or $0.88 per basic and diluted limited partner unit, compared to $52.1 million, or $0.87 per basic and diluted limited partner unit, for the 2011 Quarter. (For a discussion of net income presentation, please see the end of this release.)

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