EREDENE CAPITAL PLC

Eredene Capital

INVESTING IN INDIA'S INFRASTRUCTURE

Shareholders

Major Shareholders Shares held % Shareholding
Caledonia & Cayzer Trust combined 68,577,701 24.47%
Ruffer LLP 66,335,124 23.67%
Henderson and related entities 28,171,505 10.05%
Rebelco S.A. 28,629,330 10.22%
Ornaisons Foundation 20,356,250 7.26%
Saffron related holdings 12,679,260 4.52%
Lehman Brothers Int'l as principal
7,605,327
2.71%
Jupiter Asset Management
6,250,000
2.23%
JO Hambro Investment Management
4,800,000 1.71%
Total non-public shares 243,404,497 86.86%
Total public shares 36,835,534 13.14%
Total number of shares in issue 280,240,031 100%