As at 5 May 2010, EMED Mining has:

• 425.0 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
• 72.6 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 13 April 2015.

A total of 650.6 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 5 May 2010, the significant shareholders in the Company are:

• Resource Capital Funds 11% (fully-diluted 25%)
• RMB Holdings 4% (fully-diluted 8%)
• MRI Group 7% (fully-diluted 5%)
• OZ Minerals 6% (fully-diluted 4%)
• Fox-Davies Capital 5% (fully-diluted 5%)
• Standard Life 5% (fully-diluted 3%)
• RBC Asset Management 4% (fully-diluted 3%)
• Altima Partners 3% (fully-diluted 2%)
• Management and Board of Directors 5% (fully-diluted 12%)

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