SIGNIFICANT SHAREHOLDERS

Shareholder Shares Percentage
Africa Finance Corporation 54,988,520 15.72%
Scott Fletcher 52,717,038 15.08%
Polenergia International Societe A Responsabilite Limitee* 29,111,719 8.32%
Michael Haworth* 16,759,462 4.79%
Mrs & Mr Weatherhead** 14,183,559 4.06%
* Michael Haworth NEL's non-executive chairman holds 3,649,329 shares in his own name and 13,110,133 through a trust
** Mr & Mrs Weatherhead also hold 8 333 333 warrant instruments, which if exercised, would take their holding to 6.45% of the company’s enlarged share capital