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Pike River Coal
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Capital Structure

updated 24 May 2010

Ordinary Shares 405,301,433
ESOP Partly Paid Shares

Paid to 1 cent each. Remaining balance payable after expiry of 2 year vesting period averages $1.49
8,836,967
Convertible Debt Securities

US$28.9 million convertible bonds maturing 12 March 2012
578
Options

Listed, final exercise date 24 April 2011 - exercise price $1.25
Unlisted, final exercise date 1 May 2012 - exercise price $1.11
 

64,281,875
2,500,000
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