COAL BASED ENERGY
IN WESTERN TANZANIA

Share Structure

Total Number of Shares

Total number of shares in issue as of 18 October 2017 is 1,336,317,798 ordinary shares of 0.02p each. No shares are currently held in treasury.

Major Shareholders

Barclayshare Nominees Limited = 8.25%

HSDL Nominees Limited = 8.74%

JIM Nominees Limited = 14.5%

Hargreave Lansdown (Nominees) Ltd = 10.1%

TD Direct Investing Nominees (Europe) Ltd = 10.75%

HSBC Client Holdings Nominees (UK) Ltd = 3.37%

W.B. Nominees Ltd = 4.37%

Director's Shareholdings

Rufus Short 2,222,316 ordinary shares of 0.02p

Warrants

At 18 October 2017, the Company had the following outstanding warrants to subscribe in cash for 0.02p ordinary shares in the company:

Warrant HolderDate of IssueNo. of WarrantsSubscription PriceDate of Expiry
JIM Nominees Limited21/02/17137,500,0001.08p20/08/18
JIM Nominees Limited03/10/17104,166,6670.80p02/10/18

Options

At 18 October 2017, the following share options had been issued and remained outstanding:

NameDate of GrantVesting DateNo. of OptionsExercise Price
Rufus Short22/10/1321/10/143,005,7415p
Rufus Short28/03/1728/03/175,333,3331.08p
Jeffrey Malaihollo28/03/1728/03/173,333,3331.08p
Arun Srivastava28/03/1728/03/172,000,0001.08p
Others22/10/1321/10/143,005,7415p
Others28/03/1728/03/172,000,0001.08p

PERFORMANCE RELATED OPTIONS

NameDate of GrantVesting DateNo. of OptionsExercise Price
Rufus Short28/03/1710,666,6661.08p
Jeffrey Malaihollo28/03/176,666,6661.08p
Arun Srivastava28/03/174,000,0001.08p
Others28/03/1712,000,0001.08p

Shares not in Public Ownership

The total percentage of shares not in public hands is 35.3%, defined as being beneficial holdings of shares held by shareholders holding above 10% and the directors holdings.