MONGOLIAN MINING SUMMITPerth, Australia

31 October 2013

Disclaimer

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We have included in this presentation forward-looking statements. All statements that are not historical facts,including statements about our intentions, beliefs, expectations or predictions for the future, are forward-lookingstatements.

The reliance on any forward-looking statement involves risks and uncertainties, and although we believe theassumptions on which the forward-looking statements are based are reasonable, any or all of those assumptionscould prove to be inaccurate and as a result, the forward-looking statements based on those assumptions couldalso be incorrect.

We undertake no obligation to publicly update or revise any forward-looking statements contained in thispresentation, whether as a result of new information, future events or otherwise, except as required by applicablelaws, rules and regulations.

In light of these and other risks and uncertainties, the inclusion of forward-looking statements should not beregarded as representations by us that our plans and objectives will be achieved.

Note: All numbers in this presentation are approximate rounded values for particular item.

Forward-looking statements

Country Overview

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Company Profile

Agenda

Population (2012) 2.86m

Literacy 97.4%

Total area 1.6m sq.km

(c.3x area of France)

GDP per capita (2012) US$3,481

Unemployment rate (1H2012) 8.4%

Imports / exports (2012) US$6.7bn / US$4.4bn

Corporate tax rate 10.0 / 25.0%

Country OverviewMongolian economy at a glance

4

(400)800

2,0003,2004,4005,6006,8008,000

2008 2009 2010 2011 1H 20120%

4%

8%

12%

16%

20%

Total assets (LHS) Total loans (LHS)Total deposits (LHS) NPL ratio (RHS)

Real estate6%

Manufacturing6%

Utilities, Construction

4%

Services43%

Others7%

Mining19%

Agriculture15%

Copper21%

Gold3%

Crude oil8%

Iron ore & scrap13%

Zinc3%

Others4%

Coal48%

9.9

7.8

6.04.7 4.7

18%

59%

36%27%

12%

(1.0)

1.0

3.0

5.0

7.0

9.0

11.0

2008 2009 2010 2011 2012 -10%

10%

30%

50%

70%

GDP (LHS) FDI (%) of GDP (RHS)

(US$bn)

General statistics

Source: CIA World Factbook, National Statistical Office of Mongolia (“NSO”), Bank of MongoliaNote: 1 2012 GDP splits by sector at 2012 current price levels; 2 Percentages computed by dividing export value of each commodity by value of total mineral exports; 3GDP at nominal prices and converted to US$ at an US$:MNT exchange rate of 1:1,396; 4includes banking and non-banking financial institutions

4,301

2,111

3,909

2,481

1,542

0

1,000

2,000

3,000

4,000

5,000

2008 2009 2010 2011 20120%

20%

40%

60%

80%

100%

Total mineral exports (LHS)Mineral exports % of GDP (RHS)Mineral exports % of total exports (RHS)

(US$m)(US$m) (%)(%)

GDP by sector (2012) Export minerals composition (2012)

GDP and FDI growth trends Growing importance of mining sector Expansion of financial sector

Continued economic growth supported by strong mineral exports and investments in mining sector

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3 4

Coking coal export (Mt) 2011Australia 140USA 63Canada 28Mongolia 21Russia 14

Coking coal import (Mt) 2011Japan 69China 45India 30South Korea 26Taiwan 6

Source: Tex Report, GTIS

MONGOLIA

RUSSIA

CHINA

TAIWAN

JAPAN

SOUTH KOREA

Country OverviewMongolia is located in the proximity to major coking coal markets

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6

Country Overview

Opportunities and challenges

Opportunities Challenges

Geographical proximity to China, the largest consumer and importer of coal

Mongolia is the closest potential supply source for coking coal to major consumers in Asia-Pacific region – Japan, China and South Korea

Favorable geological and mining conditions – potential for large scale low cost open-pit mining operations, low precipitation and dry weather conditions

Coal quality comparable with leading coking coal brands from Bowen Basin and Shanxi

Mongolia is land-locked country with limited access to global markets, in particular for bulk commodities like coal

Remote location of projects with undeveloped infrastructure –transportation, road and railway network, water and power supply

Lack of skilled and trained professional labor

Evolving regulatory and legal environment for mining industry

Insufficient capital and funding sources to meet significant investment requirements

Sustainable growth strategies

Create long-term and stable regulatory environment thus attracting foreign and domestic investments

Support the development of transportation infrastructure, which would expand export potential and lower delivery cost, thus enhancing global competitiveness

Promote coal processing industry to increase value-added production, thus generating higher export revenues

Implement advanced and environmentally friendly technologies for consistently high quality products, thus creating globally recognized brand

Introduce international expertise and best practices and train local human resources, thus establishing globally competitive local industry

Endorse corporate social responsibility and community development, thus securing “social license” for industry growth

671

1,018

1,712 1,932

2,065

2,904

1,284

501

1,660 1,562

1,325 1,152

-

500

1,000

1,500

2,000

2,500

3,000

Jan Feb Mar Apr May Jun 1H 2012 1H 2013

Mongolian coal export volume

Source: NSO

(‘000 tn)

Mongolian coal exports (including lignite) declined by 27% YoY to 7.5 Mt in 1H 2013 from 10.3 Mt in 1H 2012

MMC share of total exports from Mongolia increased from 23% in 1H 2012 to 42% in 1H 2013

With total coal export of 3.2 Mt in 1H 2013, MMC was the only Mongolian coal exporter to report YoY volume increase up by 32%

All other Mongolian exporters have seen substantial decline, of 45% in aggregated volume

Moreover, MMC exports shifted towards washed coking coal products, and in 9M 2013 MMC exported 3.5Mt of washed cokingcoal products, representing 75% increase compared to 2.0Mt in 9M 2012

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Country OverviewMongolian coal exports in 1H 2013

Company Profile

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Country Overview

Agenda

Company snapshot

Increased throughput at border crossing (GS)

Producing assets with operational synergies in the close proximity to China

Company ProfileCompany snapshot

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Mongolian Mining Corporation (MMC,SEHK: 975) owns and operates two open-pit coking coal mines at the UkhaaKhudag (“UHG”) deposit located withinthe Tavan Tolgoi coal formation, as wellas the Baruun Naran (“BN”) coking coaldeposit, both located in South Gobi,Mongolia

MMC was listed on the SEHK in Oct 2010,and was selected as a constituent stock ofthe FTSE Hong Kong Index in Mar 2012

MMC issued largest ever 144A/Reg Scorporate bond from Mongolia in Mar2012

MMC started greenfield development atUHG mine in 2008, including water, powerand transportation infrastructure

As of today, MMC is the largest producerand exporter of washed hard coking coalin Mongolia with fully integrated coalmining, processing, transportation andmarketing platform

Target market region

ROM Coal Reserve (Mt) Proved Probable Total

MMC Coking 273 103 376

Thermal 87 18 105

Total 359 121 480

UHG Coking 155 81 236

Thermal 64 16 80

Total 218 97 315

BN Coking 118 22 140

Thermal 23 2 25

Total 141 24 165

Open-Cut Coal Reserves as at Dec 31, 2012

Increased throughput at border crossing (GS)

Well explored high quality coal resource and reserve base supporting mine life for next 28 years

Company ProfileCoal resource and reserve base

JORC Resources (M+I+I) and Reserves (P+P)

Resource and Reserve optimization Integrated development

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701 315

337

165

1,038

480

-

500

1,000

Resources ReservesUHG Deposit BN Deposit (incl. THG mining license area)

(Mt)

Source: (1) RPM, UHG JORC Reserve Report, Jun 2013 ; (2) MMC, UHG JORC Resource Report, Aug 2012 ;(3) RPM, BN JORC Reserve Report, Jun 2013; (4) MBGS, BN JORC Resource Report, Nov 2012;(5) MBGS, THG JORC Resource Report, May 2013

In addition to existing BN Mining License, MRA granted THG MiningLicense, with estimated JORC Resource 55 Mt in inferred categoryas at Apr 30, 2013

RPM has completed Integrated LOM mining study for UHG and BNDeposits, with updated UHG and BN JORC Reserves as at Dec 31,2012

Additional 49 Mt of resources were converted to reserves at UHGDeposit (17% increase including mining depletion in 2012)

Coking coal proportion in total BN ROM Coal Reserve has increasedby 19 Mt (85% of total reserve base)

From an integrated reserve perspective, the total pro-forma combinedROM Coal Reserve base has increased from 460 Mt as at Dec 31,2011 to 480Mt as at Dec 31, 2012, excluding mining depletion in 2012

Integrated LOM mining study covering coal mining, blending andprocessing schedules for UHG and BN mines, demonstrated thepotential to conduct sustainable mining operations with up to 15.8 Mtper annum combined ROM coking coal output from UHG and BN minesfor period between 2013 and 2040

The thermal coal production ramp up from UHG and BN mines hasbeen scheduled in 2016, matching expected TT-GS railway completion

15Mtpa processing capacity Large-scale open-pit coal mining operations

Continuing coal production ramp up, while increasing processing capacity

Company ProfileThe largest coal producer and exporter in Mongolia

ROM coal production (million tonnes) ROM coal processed (million tonnes)

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1.8 3.9

7.1 9.4

7.0

- 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0

10.0

2009 2010 2011 2012 9M 2013

ROM coal mined

- -

2.5

7.4 8.0

- 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0

2009 2010 2011 2012 9M 2013

ROM coal feed

Source: Company data

~5,500 km

~1,400 km

Transportation and logistics cost (USD/tonne):

UHG-Nakhodka (FOB Nakhodka) ~170 USD/tonneUHG-GM (DAP GM) ~20 USD/tonneGM-Tangshan (CFR Jingtang) ~60 USD/tonne

DAP GM

CFR Jingtang

FOB Nakhodka

UHG

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Company ProfileAccess to the market

Improved border crossing capacityFully integrated transport infrastructure

Shift to washed coking coal sales, while improving transportation and logistics efficiency

Company ProfileTransportation and sales

Washed coal products quality indicators Coal exports (million tonnes)

13

- -1.5

3.6 3.5 1.4

3.9

4.8

5.6

4.6

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

2009 2010 2011 2012 9M 2013

Washed coking coal Total coal products

A(d) VM(daf) S(d) CSN CSR CV net (ar)

HCC < 10.5% < 26.0% < 0.7% > 6 67-69

SSCC < 9.5% < 33.0% < 0.7% > 6 40-44

TC < 20.0% < 1.0% > 6,000 kcal/kg

Forest belt project

UHG camp Township development

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School and Kindergarten complex

Company ProfileCorporate social responsibility

MMC is fully committed to the responsible mining practices

Competitive position improvements

Company ProfileCompetitive position

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PROCESSED COAL EXPORTS

In depressed market situation, selling raw coal has become economically challenging as demonstrated by decreased Mongolian market share for coking coal imports to China

Washed HCC pricing @ GM is around 65% higher compared to raw coal

Selling processed product allows to produce one uniform blended product with quality specs meeting customer requirements

Processed coal attracts more end-user customers/buyers increasing competition/pricing, and reduces dependency on “traders”

Exporting wet processed coal enables VAT reimbursements (10%), thus reducing operational and capital expenses

Moreover, lower royalty rates (5-8%) applied for processed coal compared to raw coal (5-10%)

TRANSPORTATION INFRASTRUCTURE IMPROVEMENT

A substantial transportation and logistics costs reduction achieved by moving to UHG-GS paved road operations

UHG-GS railway is already under construction since May 2012 and the construction is expected to be completed by 2015

GM-Jinquan-Baotou railway is already available at Chinese side and GoM decided to initiate process of cross-border access of Chinese railway network to Mongolian border crossing points at GS/GM and Shivee Khuren/ Ceke

WITH ROBUST PRODUCTION PROFILE, MMC IS WELL POSITIONED TO BENEFIT FROM MARKET RECOVERY

MMC established itself as the reliable supplier of high quality products to its end-user customer base

Thank you16F Central Tower Sukhbaatar DistrictUlaanbaatar 14200 Mongoliawww.mmc.mn