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Stakeholders
 
| |  Gazmetall Hiolding (Cypruss) Limited (21.0%)* Following an internal transfer from Epion Holdings Ltd ("Epion") to Gazmetall Holding (Cyprus) Ltd ("Gazmetall"), Gazmetall now holds 22.4% of the Company's issued shares. Mr. Alisher Usmanov is the founder of Gazmetall, a subsidiary of the Metalloninvest Group, one of Russia's largest iron ore producers. Metalloinvest Group owns several integrated steel operations and one of the largest and fastest growing mining and metallurgical holdings in Russia. Teck (6.8%)* Teck is a diversified mining and metals company, headquartered in Vancouver, Canada. Since 2006, Teck Cominco has invested a total of US$40 million in equity capital and has a commitment to pay US$12 million as an option to form joint ventures with Nautilus. Teck Cominco is a world leader in the production of zinc and metallurgical coal, a significant producer of copper, gold and specialty metals. They also have interests in several oil sands development assets. Teck Cominco is also an exploration partner. Anglo American plc (11.1%)* Anglo American plc ("Anglo") invested US$25 million in 2006 and holds 5.7% of Nautilus. Anglo is one of the world's largest mining and natural resource groups with a market capitalisation of around US$80 billion as at December 31, 2007. It is a global leader in platinum group metals, gold and diamonds, with significant interests in coal, base and ferrous metals, industrial minerals and paper and packaging. Nautilus and Anglo have signed a Heads of Agreement under which Anglo may assist Nautilus in its development of Solwara and other projects by seconding personnel with specialist skills to the project at Anglo's cost. * Shareholdings as of November 2008. Major Shareholder Agreements All three major shareholders have agreed that if a takeover bid is made for Nautilus and recommended by the Board, that they will accept the bid or make a higher counter offer. All three major shareholders have signed non-compete agreements in various jurisdictions in the South Pacific in seafloor mining for a period of five years from agreement date. For more details, see related press releases. | | |
