AIM Securities

Number of Shares in issue

Issued ordinary shares	184,290,900
Options	13,500,000
Warrants	9,000,000
Fully diluted	206,790,900

The Company's issued share capital consists of 184,290,900 Ordinary Shares of 0.1p each (2014: 412,909 Ordinary Shares of 10p each), with one voting right per share, and 23,790 Deferred Shares of £49.00 each which do not carry voting rights.

This figure of 184,290,900 shares may be used by shareholders as the denominator for calculations by which they will determine if they are required under the Disclosure and Transparency Rules to notify their interest in, or a change to their interest in, the Company. No shares are held in treasury.

All the Company's shares are in public hands, except for those held by the Directors and their related parties and by substantial shareholders (defined in the AIM rules as holding more than 10%), as set out below.

There are no restrictions on the transfer of the Company's Ordinary Shares. These shares are listed on AIM (Alternative Investment Market).

Shareholders owning 3% or over

Shareholder

R Bruce Rowan

K P Legg*

African Potash Limited

C J Ells**

No of Shares

21,250,000

16,955,000

8,750,000

8,660,000

%

11.5

9.2

4.7

* Included in the above number of shares were shares held by Tudeley Holdings Limited (2,900,000 shares), Investeco Overseas Holdings Limited (4,000,000 shares), all companies controlled by K P Legg.

** Included in the above number of shares were shares held by JIM Nominees Ltd (160,000 shares) for the benefit of C J Ells

The information on this page was reviewed and updated on 5th August 2016