Capital Structure

As at 23 January 2012, KEFI Minerals had on issue:

365,179,689 Ordinary Shares; and
27,945 million options and warrants with exercise prices of 1p to 7p.

The significant shareholders in KEFI are:

EMED Mining (18.5%);
BARCLAYSHARE Nominees Limited (8.5%);
TD Waterhouse Nominees (Europe) Limited (11%);
Starvest Plc (5%);
L R Nominees Limited (6%);
HSDL Nominees Limited (2%);
James Capel Nominees Limited (7%);
Directors, Management and their families (2%).

The above significant shareholdings total to 60% and are the only shares considered not to be in public hands.