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Significant Shareholders

ShareholderShares   Percentage
Africa Finance Corporation54,988,520      19.51%
Polenergia International Societe A Responsabilite Limitee*29,111,719      10.33%
Michael Haworth**16,468,087      5.84%
Brooks Macdonald Asset Management (International) Limited as Investment Manager of Secure Nominees Ltd12,460,082      4.42%
RBC Jersey9,710,922      3.45%
Artemis Trustees Limited as Trustee of Hardwick Trust8,907,867      3.16%
Scott Fletcher8,666,983      3.08%
* 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