I. Share Structure

Share Structure
.
Authorized shares:
Unlimited
Issued and outstanding
137,501,254
Stock Options
9,215,000
Warrants and other options
45,281,875
Fully diluted
191,998,129

II. Significant shareholders

The holders of more than 5% of the shares are listed in the table below:

Name
Shares
%
Compañía de Tierras Sud Argentino S.A.
36,518,743
26.6%
Panedile S.A.I.C.F. e I.
10,128,196
7.4%
IFZUR S.A.
9,390,000
6.8%
Directors & Officers
15,721,709
11.43%
TOTAL
71,758,648
52.2%