COMPANY OVERVIEW

Chairman and CEO: S. Amarsaikhan

Established: December 1, 1992

Employees: 1,100 (January, 2010)

Major businesses: Mining

Banking & Finance

Property Development

Top 100 Award: 6 Consecutive Years

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BUSINESS LINESOU Group

MINING OPERATIONS

MEDIA, COMMUNICATIONS TECHNOLOGY AND CONSUMER ELECTRONICS

PROPERTY DEVELOPMENT

BANKING & FINANCIAL SERVICES

HOTEL & TOURISM

HEALTH CARE & PERSONAL WELLNESS

SME BUSINESS SUPPORT AND COMMUNITY DEVELOPMENT

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MINING & EXPLORATION OPERATIONS OVERVIEW

For the last ten years, OU Group has been working on exploring and developing mining deposits throughout Mongolia with the objective of developing world-class mining operations.

Currently the company holds mineral deposits containing:• COPPER • GOLD • LITHIUM• COAL • TUNGSTEN • ZINC• LEAD• MOLYBDENUM• RARE EARTH MINERALS

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“BAYAN ERCH” Molybdenum Mining and Processing Plant

Progress stage: Mining and ProductionLocation: Erdenetsagaan Soum, Sukhbaatar ProvinceMineral: Molybdenum concentrate (MoS2 min 50%)Date of establishment: 2003Operation: Underground mining and processing of molybdenum ore by flotation. Export molybdenum concentrates to China and other countries.Production capacity: 200-300 MT per month of molybdenum concentrate (MoS2 min 50%)

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ARBAYAN Tungsten-Lithium Mine

Progress stage: Feasibility Study and Mine Development

Location: Erdenetsagaan Soum, Sukhbaatar Province

Mineral: Primary: tungsten & lithiumBy-products: lead, zinc, molybdenum & copper

Commencement date: 2012

Operation: Open pit mining and processing of tungsten & lithium

Planned production capacity: 4,000 – 6,000 MT per year of tungsten concentrate

with an average content of 65 % - 70 % W2O

Estimated mine life: 25-30 years

Type of the mine: Stock work

Exploration to Date:• Diamond drilling 13,000 meters

• Geophysical survey• Magnetic survey• DDIP survey• Hydro geological survey

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ON-GOING EXPLORATION PROJECTS (Mining Cont’d)

Ereen Tolgoi Coal Deposit

Progress stage: Exploration

Location: Erdenetsagaan Soum,Sukhbaatar Province

Mineral: Brown coal, minor & rare minerals (Cs, W, Ni, Pb, Cr,

Bi, Mn, Zn, Mo)

Type of the mine: Open pit

Exploration history: Trenches

Tugrug Nuur Coal Deposit

Progress stage: Exploration

Location: Bayan Soum, Tuv ProvinceMineral: Brown coal, mazut, spar, coal share

Type of the mine: Open pit

Exploration history: Trenches, diamond drilling

Satyr Khudag Copper andGold Deposit

Progress stage: ExplorationLocation: Khaliun Soum,

Bulgan Province. Mineral: Copper & goldType of the mine: Porphyry Exploration history: Mapping, soil and rock

sampling, ground magnetic survey, IP/R survey and RVC/ diamond drilling (6 holes). IP/R Pole-Dipole survey (11 lines, totally 43 km) completed in August 2008. The lines crossed the area of an Au-Cu anomaly. The average depth of the hole was 100 - 300m. Hole No 03.005.005 and 006 appears to be of economic interest. Further drilling and exploration in progress.

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FINANCING & BANKING OPERATIONS OVERVIEW

Mongolian Financial Group (MFG) is a Non Banking Financial Institution and a subsidiary of OU Group. It aims to provide prompt and efficient financial services to customers on flexible conditions. MFG works toward providing financial services based on customers’ individual needs.

The MFG organization includes: Asset Management, Finance & Accounting Management, Business Development & Marketing Departments and Risk Management Division.

FINANCIAL SERVICES

• Corporate loans• Start-up loans• Working capital

loans• SME loans• Credit lines• Consumer loans

• Household loans• Student loans• Car loans• Furniture & equipment

loans• Short term loans• Salary loans

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• To expand its operation in the financial sector of Mongolia, OU Group has acquired a majority equity position in the TransBank of Mongolia.

• TransBank has been operating in the Mongolia's banking and financial market for 13 years and currently has more than 100 employees.

• TransBank is a full service bank providing financial services such as: transaction services; disbursement of loans; purchase or sale of securities; foreign exchange operations; provision of financial and investment consulting services; acceptance of deposits; receipt of valuables into custody; and provision of payment guarantees to third parties.

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With an aim to contribute to Mongolia's Information Technology development, and to keep up with the rapid growth of the Global IT industry, OU Group focuses on bringing affordable products, services and the most advanced technology into the growing market of the country.

OU Group started its ICT business operations as a Cable TV operator in 1997. Since then, our company has continuously expanded its ICT operations by starting a number of large-scale projects in Mongolia. Our ICT businesses concentrate on the following areas:

•Consumer Electronic Products•Mobile Satellite Services•Telecom Infrastructure•Digital and Cable Televisions•Media and Broadcasting

The company is the authorized partner, distributer and retailer of Grundig, Iridium, Thuraya, and Immarsat.

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OU TECHNOLOGY

“OU Technology” a subsidiary of OU Group provides high quality mobile satellite services with flexible rates and also a telecom infrastructure rental service to Mongolian telecom and mobile operators. Currently OU Technology’s main business lines are in the following sectors:

SATELLITE INTERNET AND MOBILE SATELLITE SERVICEThe company offers mobile and fixed connectivity services from Inmarsat, Iridium and Thuraya through a network of Vizada company, which was formed by the merger of Telenor Satellite Services and France Telecom Mobile Satellite Communications, to all governmental organizations and mining companies in Mongolia.

TELECOM INFRASTRUCTURE RENTAL SERVICEThe company owns around 400 km of telecom pole infrastructure and 100 km of fiber optical backbone in Ulaanbaatar City, capital of Mongolia. The largest Mongolian mobile operators currently rent our infrastructure.

CONSUMER ELECTRONICS PRODUCTS - SALES AND AFTER-SALES SERVICEIn 2010, we entered into an exclusive dealership agreement with Arcelik A.S., which is the 3rd largest manufacturer of white goods in Europe with production facilities in Turkey, Russia, Romania and China. We also became the official distributor of GRUNDIG, one of the most well known electronic product brands in Europe. We provide sales and European standard after-sales services for all GRUNDIG products to our Mongolian customers.

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OU TECHNOLOGY

Established as a subsidiary of OU Group, “MNBC” provided the first digital multi-channel television in Mongolia. MNBC is now a leading information and communication company, which provides high quality digital television services to customers throughout Mongolia. It broadcasts more than 50 domestic and foreign channels. The company has been continuously expanding its coverage and the network based on DVB-T covers the entire Ulaanbaatar City.

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PROPERTY DEVELOPMENT PROJECTS

Oyuny Undra Holdings owns a number of properties throughout the Ulaanbaatar city:

• Oyuny Undra Office Center• Warehouses • Altai University Building • 130 hectares of prime real estate for development

Current Development Projects:

• Zaisan Recreational Complex Center• “Crown Town” premium townhouses and luxury villas• High end residential apartments• USD 225 million currently under development

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OYUNY UNDRA MED WELLNESS CENTEROU Group has officially joined the world renown Vitallife Corporation at Bumrungrad International Hospital (Thailand) and will establish an affiliated clinic in Central Asia. The Wellness Center will provide several services:

• Beauty and Skin Care• Age Management• Sports Medicine• Hormone Treatment• Weight Management• Preventive and Regenerative Care

The competitive advantages and health benefits of these services are known through the tailored programs that are developed to meet the unique individual needs of a customer.

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As a good corporate citizen and socially responsible company, OU Group is proud of it`s constant contribution to the development of our society. As a part of it`s continuous contribution, OU Group has contributed over USD 4.5 million for the construction and establishment of the International Meditation Center and Buddhist Temple in Nalaikh, which was completed in 2010.

NALAIH BUDDHA TEMPLE

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