Due to increases in individuals requesting information about “Erdenes Tavantolgoi” JSC 1,072 shares the Mongolian Stock Exchange has issued the following recommendation.

“Erdenes Tavantolgoi” JSC shares were to be distributed to Mongolian citizens for free by The Mongolian Parliament 2010 Resolution No.39, Mongolian Government 2011 Resolution No.98 and 2012 Resolution No.116. By Mongolian Government 2010 Resolution No.350 “Erden Tavantolgoi” JSC shares were restricted from any transfer of ownership until secondary markets trading are opened. In other words, until “Erdenes Tavantogloi” JSC shares begin trading on the Mongolian stock exchange the shares cannot be transferred or sold and in order for trading to commence according to the Securities market law “Erdenes Tavantolgoi” must register on the MSE as an open joint stock company and get approval from the Financial Regulatory Commission to open secondary market trading.

Currently, “Erdenes Tavantolgoi” is a closed joint stock company and not listed on the Mongolian stock exchange and share trading has not begun thus individuals cannot transfer or sell their “Erdenes Tavantolgoi” JSC shares to others.

Individuals have the right to open a securities account in order to participate in MSE trading and buy, sell securities and the account can be used to trade shares in securities listed on the exchange and “Erdenes Tavantolgoi” JSC shares can be traded when it’s listed on the exchange. Regardless of whether the individual has opened an account or not if “Erdenes Tavantolgoi” JSC decides to pay dividends every shareholder has the right to the dividends. Thus the false information that the individuals who has not opened a securities account have no rights to dividends, the shares or transferring of those shares has no basis and individuals are advised to choose their securities companies based on service quality, availability and price.

The Mongolian stock exchange is consistently working to inform individuals with the latest information along with member securities companies and “Erdenes Tavantolgoi” JSC.

Source: Mongolian Stock Exchnage