AIM securities in issue - 701,200,000 ordinary shares.

Percentage of shares not in public hands - 51.8%.

Key Shareholders Ordinary Shares Percent
Kalahari Minerals plc 266,666,667 38.03%

Directors Ordinary Shares Percent
David Steinepreis 18,258,700 3.07%
Martin French 10,000,000 1.68%
Glyn Tonge 666,667 0.11%
Mark Hohnen Nil Nil

Key Shareholders and AIM securities in issue as of 15.05.2012