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i <br />THE OFFICIAL COMMITTEE <br />OF UNSECURED CREDITORS <br />To: All Holders of Class 6 -General Unsecured Claims <br />From: The Ojftcia! Com~nittee of Unsecured Creditors <br />Re: Committee Recommendation - SUpnort Quaker Coal's Fourth Amended <br />Plan of Reorganization <br />Dated: September 19, 2001 <br />THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS <br />UNANIMOUSLY SUPPORTS THE FOURTH AMENDED PLAN OF <br />REORGANIZATION FILED BY QUAKER COAL, AND UNANIMOUSLY <br />RECOMMENDS A VOTE TO ACCEPT THAT PLAN. CORRESPONDINGLY, THE <br />COMMITTEE RECOMMENDS A VOTE TO REJECT BOTH THE AEP AND <br />WEXFORD PLANS. <br />The Official Committee of Unsecured Creditors was appointed by the United <br />States Trustee on June 30, 2000, to represent and protect the interests of general unsecured <br />creditors of Quaker Coal, and to appear in Court on their behalf as may be required. <br />Additionally, the Committee is charged with negotiating terms of treatment of unsecured <br />creditors in a Plan of Reorganization with the Chapter I 1 Debtors, and with other parties in <br />interest that may appear and offer competing plans. <br />The Committee and its counsel have monitored Quaker Coal's operations and <br />appeared in Court o^ your behalf for the past fifteen months. We have met regulazly with <br />Quaker Coal's management and counsel. For the past several months, we have negotiated with <br />Quaker Coal on the issue of treatment of unsecured creditors in a Plan of Reorganization to be <br />filed by Quaker Coal. We have also conferred with representatives of AEP and Wexford <br />Capital, who expressed an interest in Quaker Coal, and offered their own competing plans of <br />reorganization. <br />On at least two occasions, at [he urging of your Committee, Quaker Coal agreed <br />to revise its [hen pending Plan of Reorganization, to eliminate uncertainties and performance <br />