Polo Resources Limited

In September and October 2008, GCM acquired 74,800,000 shares in Polo Resources Limited (Polo). Polo is an AIM listed mining and exploration group focused on investing in or acquiring and developing advanced stage coal and uranium assets. It currently has an investment portfolio of uranium and coal interests.

Polo owns 29.8% of the issued share capital of GCM and Stephen Dattels, who is the Executive Chairman of Polo, is a Non Executive Director of GCM.