COAL BASED ENERGY
IN WESTERN TANZANIA

Share Structure

Total Number of Shares

Total number of shares in issue as of 15 March 2018 is 1,336,317,798 ordinary shares of 0.02p each. No shares are currently held in treasury.

Major Shareholders

Interactive Investor Services Nominees Limited = 15.58%

HSDL Nominees Limited = 11.60%

Barclays Direct Investing Nominees Limited = 11.15%

Hargreaves Lansdown (Nominees) Ltd = 10.40%

W.B. Nominees Ltd = 6.56%

JIM Nominees Limited = 5.99%

HSBC Client Holdings Nominees (UK) Ltd = 3.81%

Director's Shareholdings

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

Warrants

At 15 March 2018, the Company had the following outstanding warrants to subscribe in cash for 0.02p ordinary shares in the company:

Warrant Holder

Date of Issue

No. of Warrants

Subscription Price

Date of Expiry

JIM Nominees Limited

21/02/17

80,484,134

1.08p

20/08/18

Monecor (London) Ltd

21/02/17

12,500,000

1.08p

20/08/18

SVS (Nominees) Ltd

21/02/17

11,390,866

1.08p

20/08/18

Barnard Nominees Ltd

21/02/17

6,250,000

1.08p

20/08/18

Trium Capital Managers Ltd

21/02/17

6,250,000

1.08p

20/08/18

Puma Nominees Ltd

21/02/17

3,125,000

1.08p

20/08/18

Peel Hunt

21/02/17

2,500,000

1.08p

20/08/18

Winterfloods Securities Ltd

21/02/17

2,500,000

1.08p

20/08/18

Optiva Securities Ltd

21/02/17

12,500,000

1.08p

20/08/18

TOTAL

21/02/17

137,500,000

1.08p

20/08/18

JIM Nominees Limited

03/10/17

39,697,314

0.80p

02/10/18

SVS (Nominees) Ltd

03/10/17

29,411,951

0.80p

02/10/18

Platform Securities Nominees Ltd

03/10/17

17,213,128

0.80p

02/10/18

Barnard Nominees Ltd

03/10/17

12,909,845

0.80p

02/10/18

Puma Nominees Ltd

03/10/17

2,868,853

0.80p

02/10/18

Winterfloods Securities Ltd

03/10/17

2,065,576

0.80p

02/10/18

TOTAL

03/10/17

104,166,667

0.80p

02/10/18

TOTAL OUTSTANDING WARRANTS

241,666,667

Options

At 15 March 2018, the following share options had been issued and remained outstanding:

Name

Date of Grant

Vesting Date

No. of Options

Exercise Price

Rufus Short

22/10/13

21/10/14

3,005,741

5p

Rufus Short

28/03/17

28/03/17

5,333,333

1.08p

Jeffrey Malaihollo

28/03/17

28/03/17

3,333,333

1.08p

Arun Srivastava

28/03/17

28/03/17

2,000,000

1.08p

Others

22/10/13

21/10/14

3,005,741

5p

Others

28/03/17

28/03/17

2,000,000

1.08p

TOTAL OUTSTANDING OPTIONS

18,678,148

PERFORMANCE RELATED OPTIONS

Name

Date of Grant

Vesting Date

No. of Options

Exercise Price

Rufus Short

28/03/17

10,666,666

1.08p

Jeffrey Malaihollo

28/03/17

6,666,666

1.08p

Arun Srivastava

28/03/17

4,000,000

1.08p

Others

28/03/17

12,000,000

1.08p

TOTAL OUTSTANDING OPTIONS

33,333,333

Shares not in Public Ownership

The total percentage of shares not in public hands is 48.8%, defined as being beneficial holdings of shares held by shareholders holding above 10% and the directors holdings.

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