Mongolian Economic Indicators

Indicator Date Last Δ%YoY

NGDP /bln. MNT/ 3/31/2016 4,706 2.00

RGDP /bln.MNT/ 3/31/2016 2,938 3.10

Inflation 5/31/2016 1.8 -77.50

Foreign reserve /mln. USD/ 4/30/2016 1,415.9 23.34

Policy rate 5/5/2016 10.50 -2.50

Trade balance /mln. USD/ 4/30/2016 124.70 196.90

Unemployment rate 3/31/2016 11.60 56.80

FX Market

Currency Last Δ%DoD Δ%WoW Δ%MoM

USD/MNT 1,966.00 0.23 0.76 2.42

CNY/MNT 298.92 0.26 0.71 3.37

RUB/MNT 30.01 0.19 0.87 3.35

EUR/MNT 2,220.08 0.33 0.27 2.67

JPY/MNT 18.63 -0.39 -0.75 -0.89

EUR/USD 1.1268 -0.21 0.15 -0.47

USD/JPY 105.73 0.50 1.17 3.12

Debt Markets

Bonds - Coupon

Amt.

issued mln

USD

Last YieldMaturity

date

DBM bond - 5.75 580 98.50 7.792 3/21/2017

DBM bond - 1.52 samurai 284 104.40 0.889 12/25/2023

Mongol 2018 - 4.125 500 96.15 6.452 1/5/2018

Mongol 2022 - 5.125 1,000 80.24 9.144 12/5/2022

Mongol 2018 - 7.5 dim sum 152 91.46 11.966 6/30/2018

Mongol 2021- 10.875 500 103.51 9.802 4/6/2021

TDBM 2017 - 10 dim sum 106 99.97 9.396 1/21/2017

TDBM bond - 9.375 500 96.15 10.595 5/19/2020

MMC bond - 8.875 600 22.75 329.058 3/29/2017

World Indices

Δ%DoD ΔYTD%MSE - TOP 20 MN 11,029.90 -0.28 -14.48

DJIA US 17,732.48 -0.74 1.76

S&P 500 US 2,079.06 -0.81 1.72

S&P/TSX comp US 13,993.88 -0.31 7.56

FTSE 100 UK 6,044.97 -1.16 -3.16

S&P/ASX 200 AUS 5,203.30 -2.06 -1.75

Hang Seng CN 20,481.30 -0.15 -6.54

MICEX/ Moscow Index 50 RUS 1,903.61 0.00 8.08

Shanghai Composite Index RUS 2,831.80 -0.04 -19.99

Bloomberg/Asia Pacific. World ASIA 165.79 -0.34 -8.99

Commodity Prices

Δ%DoD ΔYTD%

Copper Spot /LME 4,540.50 0.99 -3.51

Oil 48.43 -0.92 30.75

Gold Spot /LME 1,279.58 -0.33 20.59

Silver Spot /LME 17.34 -0.62 25.23

USD Δ%MoM ΔYTD%

Iron Ore 58%/Tianjin 54.85 -7.94 38.51

Prime Coking Coal/China Import 63.00 -5.97 1.61

Prime Coking Coal China Import

from Mongolia price 32.00 0.00 -8.57

Source: Bloomberg Finance L.P.

Commodity USDPerformance

Daily Report6/14/2016

Index Country LastPerformance

News Turquoise Hill Climbs on Speculation Rio May Take It Private Turquoise Hill Resources Ltd. soared amid speculation that its controlling shareholder Rio Tinto Group is preparing for a commodity-price recovery by increasing its stake in the company. Rio Tinto has hired Goldman Sachs Group

Inc. to advise it as the world’s second-largest miner looks into the possibility of taking Turquoise Hill private, reported the Sunday Times. Rio Tinto, Turquoise Hill and Goldman Sachs declined to comment on the story. Shares in Vancouver-based Turquoise Hill rose as much as 19 percent in Toronto on Monday, the

biggest intraday gain since October 2011. http://www.bloomberg.com/news/articles/2016-06-13/turquoise-hill-surges-on-report-rio-tinto-may-take-miner-private EBRD mulls USD-25m loan for wind park in Mongolia The European Bank for Reconstruction and Development (EBRD) is looking at providing a senior secured loan of up to USD 25 million (EUR 22.2m) to finance a 50-MW solar park in Mongolia. Clean Energy Asia LLC's Tsetsii project, worth USD120 million, is located in the Tsogttsetsii soum of Umnugovi aimag, the southern parts of the Gobi desert. Bloomberg Mongolia Jan.-May Gold Exports Rise 53% y/y to 5.2t Mongolia gold exports rose 52.9% to 5.2 tons in the first 5 months of 2016, NSO reports. Value of gold exports rose 53.8% to US$204.87m. Copper concentrate exports rose 30% to 697,700 tons; value fell 9.8% to $800.1m. Coal exports rose 38.4% y/y to 7.2m tons; value fell to $222m from $239.1m. Total exports fell to $1.77b in Jan.-May from $1.87b yr earlier. Exports to China fell to $1.47b from $1.6b. Bloomberg

Bank loan disbursement decreases As of May, 2016, total loans fell 1.7% m.o.m and 6% y.o.y to MNT11.4 trillion, announced the National Statistics Office of Mongolia. Non-performing loans

accounted for 9.3% of total loans. BloombergTV Mongolia

World news Microsoft Buying LinkedIn in Deal Valued at $26.2B

Microsoft Corp. is acquiring the professional social network LinkedIn Corp. for $26.2 billion, one of the largest technology-industry deals on record. Microsoft will pay $196 per share in an all-cash transaction, including LinkedIn’s net cash, a 49.5 percent premium to LinkedIn’s closing price Friday. LinkedIn will retain its

brand, culture and independence and Jeff Weiner will remain CEO of the social network, Microsoft said in a statement Monday. On Monday, LinkedIn closed at US$192.21, soaring 46.64%. http://www.bloomberg.com/news/videos/2016-06-13/microsoft-buying-linkedin-in-deal-valued-at-26-2b

NEWS & UPDATES

Coal/China Import

Iron ore

Coal/China Import from Mongolia

Copper

Gold

Oil

14 June 2016 2

MONGOLIA RELATED COMPANIES

Company NameClosing

PriceCurrency %ΔDoD YTD %

Daily Traded

value USD

Traded

Volume Day

Avg. 5 day traded

volume

Market cap

mln USD52w high 52w low Industry

Rio Tinto 28.070 USD 0.47 -3.61 139,874,700 4,970,857 5,431,265 52,232.03 44.190 21.885 Metals & Mining

Banpu 12.800 THB 4.92 5.58 24,243,475 67,701,500 40,689,904 1,410.42 20.080 10.911 Oil, Gas & Consumable Fuels

Turquoise Hill Resources 3.260 USD 13.19 28.35 51,334,780 15,705,425 2,715,489 6,560.15 4.190 1.550 Metals & Mining

Areva 3.903 EUR -1.21 -28.04 55,893 12,580 2,673 1,685.62 8.879 3.260 Electrical Equipment

Mongolian Mining Corporation 0.085 HKD 1.19 -51.43 26,070 2,374,500 25,181,000 101.44 0.520 0.026 Metals & Mining

Centerra Gold 6.890 CAD 0.73 4.55 19,185,400 2,739,301 1,456,032 1,667.44 8.670 5.510 Metals & Mining

SouthGobi Resources 1.310 HKD -1.50 -45.42 29,891 176,300 393,170 43.49 5.960 1.240 Oil, Gas & Consumable Fuels

Mongolia Energy Corporation 0.170 HKD -1.76 -5.65 137,398 6,354,380 980,586 38.45 0.550 0.107 Oil, Gas & Consumable Fuels

Denison Mines 0.554 USD -1.95 11.24 210,098 378,360 738,722 295.60 0.821 0.350 Oil, Gas & Consumable Fuels

Genie Energy 7.230 USD -2.17 -34.18 912,783 126,022 39,286 178.07 14.748 6.271 Electric Utilities

Central Asia Metals 147.250 GBp 0.51 -3.99 64,165 30,625 6,763 232.45 188.000 121.250 Metals & Mining

Entrée Gold 0.317 USD 2.13 34.22 296,349 920,144 40,018 48.32 0.400 0.170 Metals & Mining

Xanadu Mines 0.200 AUD 0.00 81.82 14,344 99,000 248,507 66.67 0.260 0.073 Metals & Mining

Guildford coal / Terra Energy 0.006 AUD 0.00 -14.29 18,995 4,277,289 7,789,004 10.66 0.042 0.002 Oil, Gas & Consumable Fuels

Khan Resources 0.656 USD -0.06 163.14 33,156 51,000 116,430 55.17 0.670 0.237 Oil, Gas & Consumable Fuels

Aspire Mining 0.007 AUD 0.00 -12.50 6,780 1,166,994 624,298 4.81 0.026 0.005 Metals & Mining

Prophecy Coal 1.850 CAD -2.12 -47.14 60,693 41,011 19,708 5.32 7.500 1.000 Oil, Gas & Consumable Fuels

Petro Matad Ltd 3.150 GBp 6.78 0.80 0 0 1,040,895 12.81 9.875 1.875 Oil, Gas & Consumable Fuels

Mongolia Growth Group Ltd 0.430 CAD 0.00 26.47 0 208 37,955 21.59 0.970 0.330 Real Estate Management

Erdene Resources Development 0.350 CAD -1.43 115.63 39,175 148,700 204,732 31.40 0.550 0.110 Metals & Mining

General Mining Corp Ltd 0.800 AUD -4.76 213.73 613,582 1,028,524 3,433,782 188.41 0.905 0.038 Metals & Mining

Kincora Copper 0.040 CAD 0.00 100.00 17,634 630,965 306,365 9.80 0.055 0.015 Metals & Mining

Haranga Resources 0.002 AUD 0.00 -50.00 59 40,000 208,000 0.58 0.019 0.002 Metals & Mining

Wolf Petroleum 0.017 AUD 142.86 0.00 15,331 1,672,736 - 0.00 0.020 0.004 Oil, Gas & Consumable Fuels

Viking Mines 0.020 AUD 0.00 25.00 407 27,500 77,300 3.29 0.022 0.008 Metals & Mining

Parmelia Resources 0.084 AUD 3.57 93.33 35,682 565,000 28,711 7.74 0.098 0.020 Metals & Mining

Altan Rio Minerals 0.015 CAD 0.00 50.00 819 70,000 14,000 1.04 0.030 0.010 Metals & Mining

Eumeralla Resources 0.026 AUD 0.00 16.87 257 13,333 - 1.91 0.037 0.019 Metals & Mining

Draig Resources 0.027 AUD 0.00 8.89 500 25,000 69,841 2.13 0.035 0.015 Metals & Mining

Source: Bloomberg

MONGOLIAN STOCK MARKET - MSE TOP 20 INDEX 13/06/2016

Company name

Closing

Price

MNT

%ΔDoD %ΔYTDLast Traded

date

Daily Traded

value USD

Traded

volume Day

Avg. 5 day value

USD

Market Cap

USD

52w

high MNT

52w low

MNTIndustry

MSE TOP 20 Index 11,061 -0.54 -14.48 6/13/2016 463 580 8,727 351,601,793 15,862 10,485 MSE Top 20 Index

APU JSC 3,970 0.00 1.90 6/10/2016 - - 3,123 150,011,276 4,149 3,252 Beverages-Wine/Spirits

Arig Gal JSC 1,800 -5.26 -23.40 6/13/2016 63 69 13 3,185,542 2,560 1,800 Wool

Baganuur JSC 2,400 0.00 -2.83 6/13/2016 92 75 73 25,604,509 3,310 1,350 Coal

Bayangol Hotel JSC 36,000 0.00 -21.88 5/31/2016 - - - 10,286,117 50,000 36,000 Hotels&Motels

BDSec JSC 1,550 0.00 -20.06 5/12/2016 - - - - 2,000 1,300 Finance-Invest Bnkr/Brkr

Hermes Center JSC 120 0.00 -2.44 6/10/2016 - - 5 5,193,586 149 105 Retail-Misc/Diversified

Gobi JSC 8,000 -0.12 -6.07 6/13/2016 297 73 606 31,605,270 12,000 7,010 Apparel Manufacturers

Darkhan Nekhii JSC 15,720 0.00 -13.86 6/8/2016 - - 147 10,402,524 24,040 15,100 Apparel Manufacturers

Jenco Tour Bureau 60 0.00 -18.67 6/8/2016 - - 15 3,102,747 100 60 Travel Services

Makh Impex 2,288 0.00 -19.40 6/8/2016 - - 48 6,186,321 3,600 2,202 Food-Meat Products

Merex JSC 70 0.00 -5.41 5/16/2016 - - - - 93 68 Bldg Prod-Cement/Aggreg

Tavan Tolgoi JSC 1,400 0.00 -52.58 6/10/2016 - - 253 37,476,406 4,350 100 Coal

Talkh Chikher JSC 19,000 0.00 9.32 6/9/2016 - - 3,365 9,893,366 21,000 15,000 Food-Baking

UB-BUK JSC 25,700 0.00 -35.10 6/3/2016 - - - 20,073,372 40,200 25,000 Bldg Prod-Cement/Aggreg

State Department Store JSC 504 0.00 -5.09 6/10/2016 - - 90 9,417,268 885 480 Retail-Misc/Diversified

HB Oil JSC 336 0.00 -7.14 4/15/2016 - - - - 500 330 Oil Refining&Marketing

Khukh Gan JSC 55 0.00 -26.67 6/13/2016 10 362 - 2,807,287 145 55 Metal-Diversified

Sharyn Gol JSC 3,500 0.00 -9.14 5/26/2016 - - - - 8,600 2,000 Coal

Shivee Ovoo JSC 2,360 2.16 -33.01 6/13/2016 1 1 986 16,108,382 5,870 2,190 Coal

E- Trans Logistics JSC 90 0.00 -25.00 4/15/2016 - - - - 120 86 Transport-Services

Source: Bloomberg

Gainers: % Latest News:

Wolf Petroleum 142.86 China Sam Enterprise Group Co Ltd to invest A$3.2 million

Turquoise Hill Resources 13.19 Rio hired Goldman Sachs to advise on possible increase in stake

Losers:

Arig Gal JSC -5.26 No news

General Mining Corp Ltd -4.76 No news

314 June 2016

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