Mongolian Mining Corporation — Capital/Financing Update 2022

Jul 12, 2022

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute or form part of and should not be construed as an invitation or a solicitation of an offer to acquire, purchase or subscribe for securities or an inducement to enter into investment activity, or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities. This announcement is not an offer of securities for sale in the PRC, Hong Kong, the United States or elsewhere.

This announcement does not constitute an offer to purchase, a solicitation of an offer to purchase, or a solicitation of an offer to sell, any securities referred to herein. This announcement does not constitute, and may not be used in connection with, any form of offer or solicitation in the United States or any place where such offers or solicitations are not permitted by law. This announcement is not for release, publication or distribution in or into, or to any person resident and/or located in any jurisdiction where such release, publication or distribution is unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ Securities Act ”) and may not be offered or sold in the United States except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. Any public offer of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the Company and its management, as well as financial statements. The Company does not intend to make any public offering of securities in the United States.

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MONGOLIAN MINING CORPORATION

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 975)

OVERSEAS REGULATORY ANNOUNCEMENT

This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The following is the full text of the information published by Mongolian Mining Corporation, on the website of the Singapore Exchange Securities Trading Limited on 12 July 2022.

For and on behalf of Mongolian Mining Corporation Odjargal Jambaljamts Chairman

Hong Kong, 12 July 2022

As at the date of this announcement, the board of directors of the Company consists of Mr. Odjargal Jambaljamts and Dr. Battsengel Gotov, being the executive directors of the Company, Mr. Od Jambaljamts, Ms. Enkhtuvshin Gombo and Mr. Myagmarjav Ganbyamba, being the non-executive directors of the Company, and Dr. Khashchuluun Chuluundorj, Mr. Unenbat Jigjid and Mr. Chan Tze Ching, Ignatius, being the independent non-executive directors of the Company.

The Singapore Exchange Securities Trading Limited (the “ SGX-ST ”) assumes no responsibility for the correctness of any of the statements made or opinions expressed or reports contained herein. Admission to the Official List of the SGX-ST and quotation of the Notes on the SGX-ST is not to be taken as an indication of the merits of the Company, its subsidiaries, its associated companies or the Notes.

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MONGOLIAN MINING CORPORATION

(Incorporated in the Cayman Islands with limited liability)

PARTIAL REPURCHASE OF PERPETUAL SECURITIES

This announcement (the “ Announcement ”) is made by Mongolian Mining Corporation (the “ Company ”). References are made to the perpetual securities issued by the Company on 4 May 2017 (ISIN/Common Code: XS1599078059/159907805) and listed on the SGX-ST (the “ Perpetual Securities ”).

The board of directors of the Company (the “ Board ”) is pleased to announce that the Company has repurchased 11.34% of the aggregate principal amount of the Perpetual Securities originally issued. Pursuant to Clause 3.04 of the Perpetual Securities indenture, the Company’s auditor has verified that the Company repurchased an aggregate principal amount of US$22,120,234 of the Perpetual Securities from the open market for a consideration in an aggregate amount of US$7,742,081.90, with the repurchase price being US$350 for each US$1,000 principal amount of the Perpetual Securities. The repurchased Perpetual Securities have been cancelled accordingly. As at the date of this announcement, the outstanding principal amount of the Perpetual Securities is US$148,907,920.

The Company will continue to monitor market conditions and may make further repurchase of the Perpetual Securities as and when appropriate.

The Company may or may not make any further repurchase of the Perpetual Securities in the future. Holders of the Perpetual Securities and potential investors should note that any purchase of the Perpetual Securities from time to time by the Company will be at the Board’s sole and absolute discretion. There is no assurance of the timing, amount or price of any repurchase of the Perpetual Securities or whether the Company will make any further repurchase at all. Holders of the Perpetual Securities and potential investors should therefore exercise caution when dealing in any Perpetual Securities of the Company.

For and on behalf of Mongolian Mining Corporation Odjargal Jambaljamts Chairman

Ulaanbaatar, 12 July 2022