As at 2 March 2010, EMED Mining has:

• 341.4 million shares on issue and does not hold any shares in treasury;
• 153.0 million shares to be potentially issued under $8.5 million Convertible Loan facility provided by Resource Capital Funds and RMB Australia. This reflects the assumptions that the full amount is converted at the fixed conversion price of 4.13p into 145.5 million shares; and
• 68.1 million options and warrants on issue, with various exercise prices ranging from 4.1p to 22p and expiry dates ranging from 9 May 2011 to 1 September 2014.

A total of 562.5 million shares fully-diluted in accordance with the foregoing assumptions.

Other than under corporate law, there are no restrictions on the transfer of any securities.

As at 2 March 2010, the significant shareholders in the Company are:

• Resource Capital Funds 14% (fully-diluted 29%)
• RMB Holdings 4% (fully-diluted 9%)
• MRI Group 9% (fully-diluted 6%)
• OZ Minerals 8% (fully-diluted 5%)
• Standard Life 5% (fully-diluted 3%)
• Altima Partners 4% (fully-diluted 2%)
• Management and Board of Directors 7% (fully-diluted 13%)

The percentage shareholding shown above for management and the Board of Directors represents the percentage of shares not in public hands.