Authorised and Issued Shares

Authorised Shares                600,000,000

Current Issued Shares        229,223,034

 

 

Petroneft does not hold any Ordinary Shares in treasury and therefore the total number of Ordinary Shares with voting rights is 229,223,034.

 

Of the issued shares 12.77% are held by the Directors*, 10.04% are held by
Ali Sobraliev, son of Director Vakha Sobraliev**, and the remaining 77.19%
are in public hands.

Significant Shareholders as at 2 June 2009

Name of Shareholder Percentage Shares RAB Energy Fund Limited and RAB Octane Fund Limited 16.52% 37,868,791 Ali Sobraliev 10.04%  23,014,273 Dennis Francis 9.78%  22,409,045 Davycrest Nominees Limited 13.83%  31,694,191 Arawak Energy 4.41%  11,149,400 JP Morgan Asset Mgt. (UK) Limited 4.86%  7,500,000

*12.77% (29,260,362) held by the Directors include shares of Dennis Francis..

 

Directors Shareholdings

Director	Percentage	Shares
Dennis Francis	9.78%	22,409,045
Vakha Sobraliev**	0%	0
David Sanders***	0.92%	2,102,802
David Golder	1.38%	3,165,458
Thomas Hickey	0.67%	1,535,057
Paul Dowling	0.02%	48,000

**On 12 February 2009 Vakha Sobraliev transferred his entire holding of 23,014,273 ordinary shares (10.04%) to his son Ali Sobraliev. Ali Sobraliev has advised the company that he intends being a long term holder of his shares.

***In April 2009 David Sanders transferred 2,102,803 ordinary shares or 50 per