Capital Structure

Current Capital Structure as at Thursday, 31 December 2009

SecurityASX CodeNumber
Ordinary Fully PaidMFG147,198,254
MFG 2011 OptionsMFGOB6,033,942
MFG 2016 OptionsMFGOC7,882,483
MFG Class B Shares *-10,200,000

* The MFG Class B Shares have no entitlement to receive dividends, have no voting rights, and will convert into MFG Ordinary Shares on the first business day after 21 November 2016. The terms of the MFG Class B Shares are set out in Annexure C of the Notice of General Meeting and Explanatory Memorandum dated 28 December 2007, which can be accessed on the company announcement page of the MFG website (www.magellangroup.com.au) or on the ASX website.