I. Share Structure

Share Structure
.
Authorized shares:
Unlimited
Issued and outstanding
121,552,254
Stock Options
9,585,000
Warrants and other options
57,237,650
Fully diluted
188,374,904

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.
31,883,743
26.2%
Panedile S.A.I.C.F. e I.
9,394,196
7.7%
IFZUR S.A.
8,270,000
6.8%
Directors & Officers
12,646,709
10.4%
TOTAL
62,194,648
51.2%