| Shareholder | Shares | Percentage |
| Africa Finance Corporation | 54,988,520 | 15.75% |
| Scott Fletcher | 52,717,038 | 15.10% |
| Polenergia International Societe A Responsabilite Limitee* | 29,111,719 | 8.34% |
| Michael Haworth* | 16,759,462 | 4.80% |
| 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