PolyMet Mining

Investors

Share Structure

7/15/2011
Capital Structure - as of July 13, 2011
   
Shares of common stock issued160,045,791
 
   (of which, owned by Glencore) 28,634,509
 
   
To be issued to Glencore (equity)
 5,000,000@ US$2.00
Exchange of debentures
 7,053,445@ US$4.00
   
Financing warrants
 7,410,000@ US$3.65
Options
 12,225,000@ US$2.23
   Fully Diluted
 191,734,236 
   Additional cash/conversion of debt         
 $92million
   
Glencore Ownership
  
   currently issued
 17.89%
   partially diluted
 24.95%