The Company's issued share capital consists of 184,565,284 Ordinary Shares of par value USD$0.01. The Company does not hold any Ordinary Shares in Treasury.

In so far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is 48.63.

The Company is aware of the below shareholders who hold 3% or more of the Company’s issued share capital at 24 November 2011.

Name
Number of Ordinary Shares
Percentage of issued
share capital

Petrovis LLC

36,684,262

19.87%

European Bank for Reconstruction and Development

31,741,110

17.20%

Forestberries LLC

11,000,000

5.96%

GLG Partners LP

10,853,132

5.88%

Janchiv Oyungerel*

6,585,000

3.57%


As the Company is not incorporated in the UK, the rights of the shareholders may be different from the shareholders in a UK incorporated company.

There are no restrictions on the transfer of AIM Securities.

*Pursuant to the definition of Director’s family within AIM Rules for Companies, the respective holdings of Janchiv Oyungerel and Petrovis are aggregated on account of Janchiv Oyungerel’s shareholdings of over 20% in Petrovis. The holdings as set out above is the direct interests of Janchiv Oyungerel, however when applying AIM Rules for Companies the holdings of Petrovis and Janchiv Oyungerel are treated on an aggregated basis and the aggregated holding is treated as a Director’s interest.