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Significant Shareholders

ShareholderShares   Percentage
Africa Finance Corporation54,988,520      20.73%
Polenergia International Societe A Responsabilite Limitee*29,111,719      10.97%
Michael Haworth**16,468,087      6.21%
Brooks Macdonald Asset Management (International) Limited as Investment Manager of Secure Nominees Ltd12,460,082      4.70%
RBC Jersey9,710,922      3.66%
Artemis Trustees Limited as Trustee of Hardwick Trust8,907,867      3.36%
Investec Asset Management Ltd8,436,545      3.18%
* Jacek Glowacki NEL's non-executive director is Polenergia's CEO
** Michael Haworth holds 3,357,954 shares in his own name and 13,110,133 througha trust