Share Capital


Authorised and Issued Shares

Authorised Shares 1,000,000,000
Current Issued Shares 707,245,906
Warrants outstanding 0
Options outstanding 14,082,500

PetroNeft does not hold any Ordinary Shares in treasury and therefore the total number of Ordinary Shares with voting rights is 707,245,906.

Significant Shareholders as at 1 March 2016

Name of Shareholder Percentage Shares
Natlata Partners Limited 29.47%
208,429,458
General Invest Overseas S.A.
10.70%
75,678,700
 Mr. Duming Zhai  3.68%  26,000,000
Ceres Environmental
3.39%
23,975,066
Ali Sobraliev 3.25% 23,014,273
Dennis Francis 3.66% 25,890,416
J&E Davy
8.37% 59,165,784

Directors Shareholdings

Director Percentage Shares
Dennis Francis 3.66% 25,890,416
David Golder 0.45% 3,165,458
Thomas Hickey 0.31% 2,226,283
Maxim Korobov* 29.47% 208,429,458
Anthony Sacca - -
David Sturt - -
Total Directors Holdings 33.89% 239,711,615

*Shares held by Natlata Partners Limited, Mr. Korobov is the ultimate beneficial owner of Natlata.

Options held by the Directors

Grant date: 15 Dec. 2010 19 Nov. 2012
Strike price: £0.6600 £0.0650
Total
Director No. of Options No. of Options No. of Options
David Golder 120,000 130,000
250,000
Dennis Francis
330,000 475,000
805,000
Thomas Hickey 100,000 110,000
210,000
550,000 715,000 1,265,000