Major Shareholders

The Company’s issued share capital consists of 282,939,275 Ordinary Shares
of no par value, each having equal voting rights.

The Company does not hold any Ordinary Shares as treasury shares.

The Company has been notified, in accordance with the Disclosure and Transparency Rules, of the
following shareholdings amounting to 3% or more of the issued share capital of the Company:

Name Number of
Ordinary Shares
Percentage of issued share capital
Frederick Krueger
81,903,560
28.95%
Guy Elliott
26,000,000
9.19%
HSBC Global Custody Nominee (UK) Limited
23,400,000
8.27%
Libra Fund LP
17,250,000
6.1%
Clark Landry
11,957,800
4.23%
Rig III Fund Limited
10,000,000
3.53%
Bellone Investment Services Inc
8,500,000
3.0%

In accordance with the AIM Rules (Rule 26), in so far as the Company is aware, the percentage of the Company’s issued share capital that is not in public hands is 60.09%

There are no restrictions on the transfer of the Company’s AIM securities.

Click here for details of the Company’s Nominated Advisor and other key advisors.

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