MONGOLIA DEVELOPMENT RESOURCES FIRST INVESTMENT HOLDING COMPANY LISTED ON MSE

Mongolia Development Resources (MDR) has become the first investment holding company listed on the Mongolia Stock Exchange (MSE). The company shares resumed trading on MSE on July 15, following the approval of the new charter and new prospectus by the Financial Regulatory Commission. MDR shares are now traded under new ticker MDR, instead of the earlier TSU, dating from the time when the company was known as Tuul Songino Water Resource.

The main activity of MDR is to build and provide diversified exposure to the Mongolian economy for local and international investors. The main areas of investments are property, mining, oil & gas, infrastructure and financial services. The company launched its IPO on the Mongolia Stock Exchange in December 2007, raising MNT 13.7 billion in one of the largest IPOs in the history of MSE to date, with 90% of shareholders being international investors.