MLP Investor Conference May 23, 2013

1. Joseph W. Craft III Chief Executive Officer MLP Investor ConferenceMay 23, 2013

2. Forward-Looking Statements This presentation contains forward-looking statements and information that are based on the beliefs of Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. (the “Partnerships”) and those of their respective general partners (the “General Partners”), as well as assumptions made by and information currently available to them. When used in this presentation, words such as “anticipate,” “project,” “expect,” “plan,” “goal,” “forecast,” “intend,” “could,” “believe,” “may,” and similar expressions and statements regarding the plans and objectives of the Partnerships for future operations, are intended to identify forward-looking statements. Although the Partnerships and their General Partners believe that such expectations reflected in such forward-looking statements are reasonable at the time such statements are made, neither the Partnerships nor the General Partners can give assurances that such expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those the Partnerships anticipated, estimated, projected or expected. The Partnerships have no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 2

3. First and largest publicly-traded master limited partnership involved in the production and marketing of coal • 3rd largest eastern coal producer with 34.8 Million tons of 2012 production • 920 million tons of reserves at December 31, 2012 • Ownership Interests in ARLP • 1.98% G.P. Interest • 100% of Incentive Distribution Rights • 15.5 mm common units of ARLP representing approximately 41.9% of the ARLP common units outstanding Asset Profile: Alliance Partnership Profiles Market data as of May 20, 2013 NASDAQ close 3

4. Alliance Has Consistently Delivered ~ Twelve Years of Record Results & Counting…. Company filings . 2013(E) reflects guidance ranges provided on April 26, 2013 4

5. Debt / LTM EBITDA(1) ARLP Distribution / Unit AHGP Distribution / Unit Cash Flow Growth Drives Distributions 20 Consecutive Quarters of Increased Distributions ~ CAGR: 16.3% CAGR: 11.5% Company filings - Distributions paid per unit. 2013(E) assumes 2013 distribution increases of 2% per quarter for ARLP and 3%per quarter for AHGP. Source: Company filings 5

6. Current Mining Operations – 1. Pattiki Complex 2. River View Complex 3. Dotiki Complex 4. Warrior Complex 5. Hopkins Complex 6. Gibson Complex 7. Sebree Mining Complex 8. Pontiki Complex 9.MC Mining Complex 10. Mettiki Complex 11. Tunnel Ridge Complex Mine Under Construction – 12. Gibson South Project Mine Development/Reserve Investment – 13. Investment in White Oak Resources Mine Development Projects – 14. Sebree Reserve Project 15. Penn Ridge Project Transfer Terminal – Mt. Vernon Transfer Terminal Alliance Snapshot • Diversified producer and marketer of coal to major U.S. utilities and industrial users Pennsylvania Illinois Indiana Ohio 15 11 Maryland 10 6 West Virginia 12 13 1 8 2 Kentucky Virginia 9 14 7 3 4 5 Illinois Basin Central Appalachia Northern Appalachia 6

7. Focused in Growing Illinois Basin & Northern Appalachia Regions 2012 ARLP Production 34.8 Million Tons ARLP Reserves – 31 Dec 2012 919.5 Million Tons Northern Appalachia 18% Northern Appalachia 13% Illinois Basin 82% Illinois Basin 80% Central Appalachia 5% Central Appalachia 2% Company filings as of December 31, 2012 Source: Company filings 7

8. Global Demand for Coal Continues to Expand World Coal Consumption (Quadrillion Btu) EIA – International Energy Outlook (2011) 8

9. Total Demand for U.S. Coal to Remain Relatively Stable EIA – Annual Energy Outlook (2013)

10. Coal and Natural Gas Will Continue to Dominate U.S. Power Generation and Compete for Market Share Electricity Generation Market Share Utility Coal Consumption (million tons) EIA – Annual Energy Outlook (2013)

11. Current Natural Gas Curve Favors Illinois Basin and Northern Appalachian Coal ILB and NAPP Coal Competes Henry Hub Price per MMBtu NYMEX Natural Gas May 20, 2013 close 11

12. Illinois Basin and Northern Appalachia Continue to Benefit from Basin Switching Average Cash Cost ($MMBtu) Coal Production (Tons) Company Estimates , EVA Quarterly Financial Report, EIA Monthly Utility Transaction Data 12

13. Visible Future Growth Pipeline

14. Tunnel Ridge – New Northern Appalachia Longwall Mine • Longwall operations began May 2012 • Production expected to ramp from 2.0mm tons in 2012 to - • ~ 4.9mm tons in 2013 • ~ 6.0 – 6.2mm tons in 2014 Source: Company filings Company Estimates 14

15. Gibson South – Illinois Basin Organic Growth Project • Development underway • Initially operate with four CM units, increasing to five CM units in 2016 • Production expected to begin Q3 2014 • Production will ramp up in 2015 and reach full production capacity of ~5.2mm tons by 2016 Source: Company filings Company Estimates 15

16. White Oak Investments • Provides ARLP with sustainable long-term cash flow growth… • Longwall production expected to begin mid-2014 and generate cash flows from three sources • Minimum royalties from reserve acquisition and development • Throughput payments from preparation plant and coal handling/surface facilities • Preferred distributions from equity investment • ARLP investments essentially completed in 2014 • ARLP expected cash flows – • ~ $30 - $35 million in 2015 • ~$95 - $100 million in 2016 Source: Company filings Company Estimates 16

17. Production Growth has Driven EBITDA & Distribution Increases Company filings - Distributions paid per unit. 2013(E) reflects hi9h end of production and EBITDA guidance ranges provided on April 26, 2013 and assumes 2013 distribution increases of 2% per quarter for ARLP . Source: Company filings 17

18. Current Projects Provide Visible Future Production Growth Tons (MM’s) • White Oak sales tons will not be included in ARLP’s reported volumes. However, production from White Oak Mine No. 1 will provide ARLP with cash flows from royalties, coal processing fees and priority distributions from its equity investment in White Oak Resources LLC Company filings and projections

19. Conservative Balance Sheet and Robust Liquidity Low Leverage Debt / LTM EBITDA(1) • Bank facilities expanded in May 2012 • $700 Million Revolving Credit Facility • $250 Million Term Loan • Liquidity at 2013Q1 ~$555 million 3.9x 2.7x 1.3x (1) Global Hunter Securities as of March 29, 2013 19

20. Why Alliance? • The MLP Coal Investment leveraging…. • Clear strategy and focus • Well positioned in expanding basins • Low cost producer • Highly contracted sales book with stable prices • Solid balance sheet • Visible future production growth • Exceptional track record • Strong distribution growth 20

21. ARLP EBITDA Reconciliation Note: EBITDA is defined as income before net interest expense, income taxes and depreciation, depletion and amortization. Management believes EBITDA is a useful indicator of its ability to meet debt service and capital expenditure requirements and uses EBITDA as a measure of operating performance. EBITDA should not be considered as an alternative to net income, income from operations, cash flows from operating activities or any other measure of financial performance presented in accordance with generally accepted accounting principles. EBITDA is not intended to represent cash flow and does not represent the measure of cash available for distribution. The Partnership's method of computing EBITDA may not be the same method used to compute similar measures reported by other companies, or EBITDA may be computed differently by the Partnership in different contexts (e.g. public reporting versus computation under financing agreements). Source: Company filings 21

22. Coal Keeps the Lights On