UMC Energy PLC

The Company was incorporated in England (Registration No: 5331770) in January 2005 and was readmitted to Londons AIM market in October 2006. The Company is not admitted to trading on any other exchanges or trading platforms. The company has 30,806,668 ordinary shares on issue. No shares are held in treasury. 15,872,667 shares are restricted from trading. The percentage of shares not in public hands is 60.9%. Significant shareholders are Cline Mining Corporation (39.8%), Investika Ltd (20.4%) and RAB Energy Fund (3.2%). There are no restrictions on the transfers of the Company's securities.

This website was updated: 12/05/2008

The Company owns an 80% equity interest in URAMAD S.A. URAMAD has the equivalent of beneficial ownership of eight exploration permits issued by the government of Madagascar covering approximately 9,994 square kilometres (the "Exploration Permits") in western Madagascar.

The Exploration Permits, which have been granted for 10 years expiring in 2015 and 2016, are located in the Morondava Basin, which is infilled and layered with sediments, most notably the Karoo formation that hosts uranium mineralization.

The areas were previously identified and explored during the uranium cycles of 1956 to 1963 and 1979 to 1982 by the United Nations (PUND) and the Office of National Mines and Strategic Industries, a Malagasy State body, ("OMNIS") respectively. Later, the French uranium company Cogema took on large permits and continued regional exploration that terminated in the late 1990s with the downturn in uranium prices and demand.

URAMAD is the owner of a data base for the Morondava Basin that includes the results of airborne geophysical and radiometric surveys, drill logs for 790 drill holes (approximately 83,000 metres of drilling) with indicated uranium values, and visible uranium mineralization associated with targets picked from 7,000 radioactive anomalies, recorded and plotted.