Petro Matad has completed issue
of 3,367,003 new ordinary shares to the European Bank for Reconstruction and
Development. It has also issued 490,500 new ordinary shares following exercise
of options by certain directors and employees. EBRD now holds 17.34% of the
company’s shares, J. Oyungerel 3.53%, Douglas McGay 2.17%, and D. Sarangua
0.04%.