Aug 19 (Reuters) - ANCORA:

* ANCORA ISSUES LETTER TO CSX'S BOARD REGARDING NEED TO

AVERT A

PERMANENT IMPAIRMENT OF VALUE AND AGGRESSIVELY PURSUE A

VALUE-MAXIMIZING MERGER

* ANCORA HOLDINGS GROUP: URGES CSX BOARD TO TERMINATE JOE

HINRICHS, IF A MERGER CANNOT BE CONSUMMATED IN A TIMELY MANNER

* ANCORA HOLDINGS GROUP: BELIEVES CSX SHOULD BE CONDUCTING

ONGOING

CONVERSATIONS WITH BNSF RAILWAY COMPANY AND CANADIAN PACIFIC

KANSAS CITY LIMITED

* ANCORA HOLDINGS GROUP: CSX BOARD SHOULD IMMEDIATELY

ANNOUNCE

FORMAL RETENTION OF AN INVESTMENT BANK & PLAN TO EXPLORE MERGERS