I. Share Structure

Share Structure
.
Authorized shares:
Unlimited
Issued and outstanding
138,451,694
Stock Options
8,395,000
Warrants and other options
34,442,770
Fully diluted
181,289,464

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
26.4%
Panedile S.A.I.C.F. e I.
10,128,196
7.3%
IFZUR S.A.
9,390,000
6.8%
Directors & Officers
15,721,709
11.4%
TOTAL
71,758,648
51.8%