Foundation Coal Holdings, Inc. Common Stock Certificate

  [GRAPHIC OMITTED] [FOUNDATION COAL HOLDINGS, INC. LOGO] [GRAPHIC OMITTED] NUMBER SHARES FCH COMMON STOCK COMMON STOCK FOUNDATION COAL HOLDINGS, INC. INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE CUSIP 000000 00 0 See reverse side for certain definitions This certifies that: is the owner of FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $0.01 PAR VALUE PER SHARE, OF - ---------------------- FOUNDAION COAL HOLDINGS, INC. ------------------------- transferable on the books of the Corporation by said owner in person or by his duly authorized attorney upon surrender of this certificate properly endorsed. This certificate and the shares represented hereby are issued and shall be held subject to the provisions of the Certificate of Incorporation and the Bylaws of the Corporation, as amended, copies of which are on file at the office of the Transfer Agent of the Corporation, and to which reference is hereby expressly made and to all of which the holder hereof by acceptance of this certificate hereby assents. This certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar. Witness the facsimile of the Corporation's seal and the facsimile signatures of its duly authorized officers. Dated: /s/ Greg A. Walker [GRAPHIC OMITTED] /s/ James F. Roberts - ------------------------- FOUNDATION COAL HOLDINGS, INC. ------------------- SECRETARY CORPORATE PRESIDENT AND CHIEF SEAL EXECUTIVE OFFICER 2004 DELAWARE COUNTERSIGNED AND REGISTERED THE BANK OF NEW YORK TRANSFER AGENT AND REGISTRAR BY AUTHORIZED SIGNATURE - --------------------------------------------------- ----------------------------------------------------- AMERICAN BANK NOTE COMPANY PRODUCTION COORDINATOR: VERONICA GLIATTI ###-###-#### 711 ARMSTRONG LANE PROOF OF SEPTEMBER 7, 2004 COLUMBIA, TENNESSEE 38401 FOUNDATION COAL HOLDINGS, INC. (931) 388-3003 TSB 17164 FC - --------------------------------------------------- ----------------------------------------------------- SALES: C. SHARKEY ###-###-#### Operator: Ron - --------------------------------------------------- ----------------------------------------------------- / ETHER 19 / LIVE JOBS / F / FOUNDATION 17164 FC New - --------------------------------------------------- -----------------------------------------------------  The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - ________ Custodian _________ TEN EST - as tenants by the entireties (Cust) (Minor) JT TEN - as joint tenants with right of under Uniform Gifts to Minors survivorship and not as tenants Act ____________________ in common (State) UNIF GIFT MIN ACT - ________ Custodian _________ (Cust) (Minor) under Uniform Transfers to Minors Act ____________________ (State) Additional abbreviations may also be used though not in the above list. For value received, ____________________________ hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE - ----------------------------------------- - ----------------------------------------- - -------------------------------------------------------------------------------- (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE OF ASSIGNEE) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- shares - -------------------------------------------------------------------------- of the common stock represented by the within Certificate, and do hereby irrevocably constitute and appoint --------------------------------------------- Attorney - ---------------------------------------------------------------------- to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. Dated --------------------------------- ----------------------------------------------- NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. ----------------------------------------------- SIGNATURE(S) GUARANTEED: THE SIGNATURES MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-16 KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE. - --------------------------------------------------- ----------------------------------------------------- AMERICAN BANK NOTE COMPANY PRODUCTION COORDINATOR: VERONICA GLIATTI ###-###-#### 711 ARMSTRONG LANE PROOF OF SEPTEMBER 7, 2004 COLUMBIA, TENNESSEE 38401 FOUNDATION COAL HOLDINGS, INC. (931) 388-3003 TSB 17164 BK - --------------------------------------------------- ----------------------------------------------------- SALES: C. SHARKEY ###-###-#### Operator: Ron - --------------------------------------------------- ----------------------------------------------------- / ETHER 19 / LIVE JOBS / F / FOUNDATION 17164 BK New - --------------------------------------------------- -----------------------------------------------------