Mongolia Development
Resources (MDR) has become the first
investment holding company listed on the Mongolia Stock Exchange (MSE). The
company shares resumed trading on MSE on July 15, following the approval of the
new charter and new prospectus by the Financial Regulatory Commission. MDR
shares are now traded under new ticker MDR, instead of the earlier TSU, dating
from the time when the company was known as Tuul Songino Water Resource.

The main activity of MDR is to build and provide diversified exposure to the
Mongolian economy for local and international investors. The main areas of
investments are property, mining, oil & gas, infrastructure and financial
services. The company launched its IPO on the Mongolia Stock Exchange in
December 2007, raising MNT 13.7 billion in one of the largest IPOs in the
history of MSE to date, with 90% of shareholders being international investors.

Source: Eurasia Capital and Mongolia Development Resources