WORLD INDICES

Change %
(Day)
YTD change %
MSE - Top20 MN 15,659.09 -0.02 -3.94
DJIA US 16,719.39 -1.60 0.86
S&P 500 US 1,935.10 -1.51 4.69
Nasdaq US 4,385.20 -1.56 4.99
S&P/TSX comp CN 14,576.45 -1.13 7.01
FTSE 100 UK 6,495.58 -1.04 -3.76
S&P/ASX 200 US 5,243.80 -0.93 -2.03
Hang Seng HK 23,422.52 0.46 0.50
Bloomberg/asia.pac ASIA 171.54 -0.59 2.02
COMMODITY PRICES
Change %
(Day)
YTD change %
Prime Coking Coal /Tianjin 140.13 0.00 -26.50
Zinc Spot /LME 2,311.50 0.41 12.59
Iron Ore 58%/Tianjin
Copper Spot /LME 6,710.75 -0.58 -9.02
Oil 88.85 -1.65 -9.72
Gold Spot /LME 1,212.38 0.28 0.89
Silver Spot /LME 17.29 0.61 -11.21
MONGOLIAN ECONOMIC INDICATORS
Date Last
YoY change
%
RGDP /bln. MNT/ 2014.07 9,857 5.3
NGDP /bln.MNT/ 2014.07 6,635 14.6
Inflation 2014.07 14.9
Foreign reserve /mln. USD/ 2014.06 1,317.5 -57.6
Policy rate July 31 ,2014 12.00
DEBT MARKET
Bonds - Coupon
Amt.
issued mln
USD
Last Yield Maturity date
DBM bond - 5.75 580 97.75 6.761 3/21/2017
MMC bond - 8.875 600 65.25 29.784 3/29/2017
Mongol 2018 - 4.125 500 95.06 5.613 1/5/2018
Mongol 2022 - 5.125 1,000 89.53 6.717 12/5/2022
TDBM 2015 - 8.5 300 99.52 9.031 9/20/2015
TDBM 2015 - 12.5 25 99.38 12.843 11/17/2015
TDBM 2017 - 10 dim sum 115 97.98 10.713 1/21/2017
DBM bond - 1.52 sam. 290 103.15 1.151 12/25/2023
INDICES CHANGE
MSE TOP 5 MOST TRADED
Trade value '000
MONGOLIAN RELATED NEWS
Erdene Resource Development : October 6, 2014 Erdene Announces Private Placement
Erdene Resource Development Corp. is pleased to announce it intends to issue, by way of a non-
brokered private placement, up to 11,500,000 units at a price of $0.14 per unit for gross proceeds of
up to $1,610,000 ("Private Placement"). Each unit will consist of one common share of the Company
and one-half of one common share purchase warrant, with each whole common share purchase
warrant ("Warrant") entitling the holder to purchase one common share of the Company at a price of
$0.21 for a 24 month period from the closing date. If, during the option period, the closing price of the
Company's common shares trading on the TSX is $0.28 or higher for 30 consecutive trading days,
the Company may, in its sole discretion, accelerate the expiry period of the Warrants by providing
written notice of such acceleration by way of a news release ("Acceleration Notice"), such that the
exercise period of the Warrants will expire on that day which is 30 days from the date of the
Company's Acceleration Notice. Net proceeds of the Private Placement will be used for exploration,
including a resource drilling program, on the Company's 100% owned Altan Nar gold-polymetallic
project, expected to commence in mid-October. The Private Placement is expected to close on or
before October 31, 2014, and is subject to certain conditions, including, but not limited to, the receipt
of all necessary approvals including the approval and acceptance by the TSX. All securities to be
issued pursuant to the Private Placement will be subject to a four month hold period from the closing
date. Finder's fees may be payable on a portion of the financing.
http://www.4-traders.com/ERDENE-RESOURCE-DEVELOPME-1409911/news/Erdene-Resource-
Development--October-6-2014-Erdene-Announces-Private-Placement-19152360/
Mongolia's parliament endorses gov't restructuring bill
Mongolia's lawmakers on Tuesday approved changes in government structure in a bid to clear up
overlapping functions and cut off excess staff. The parliament passed by 73.9 percent of votes a bill
diminishing government ministries from the current 16 to 13, with 11 regulatory agencies and 19
implementing agencies. According to the bill submitted by Prime Minister Norovyn Altankhuyag,
Ministries of Finance and Economic Development will be merged into the Finance Ministry; Ministries
of Mining and Energy into the Geology, Mining and Energy Ministry; Ministries of Construction and
Urban Development and Road and Transport into the Ministry of Infrastructure Development.
Furthermore, the government will appoint a first deputy prime minister and deputy prime minister. The
bill suggests that the foreign minister be a deputy prime minister and that the foreign minister widen
foreign cooperation, strengthen economic relations with its neighbors and other foreign countries, and
regulate and coordinate foreign relations and collaboration of all ministries. In connection with it, the
first deputy prime minister will be in charge of current deputy prime minister's duties and
responsibilities, according to the bill.
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=245392
GLOBAL NEWS
Asian Stocks Extend Global Drop as Australian Bonds Rise
Asian stocks dropped, extending a global selloff, after the International Monetary Fund cut its world
growth outlook. Australian bonds climbed as oil slid. The MSCI Asia Pacific Index fell 0.8 percent by
9:55 a.m. in Tokyo, declining for the first day this week as Japans Topix (TPX) index dropped toward
an eight-week low. Standard & Poors 500 Index futures rose 0.1 percent after the benchmark U.S.
gauge fell the lowest in almost two months. Ten-year Australian bond yields fell four basis points. The
yen weakened after two days of gains as platinum rose 0.3 percent and palladium climbed. Brent
crude extended losses from a two-year low. Markets in mainland China resume today after a week-
long holiday, with a private gauge of services industries in Asias largest economy due and protesters
in Hong Kong setting talks with the government. The Federal Reserve releases minutes of its last
meeting as Alcoa Inc. unofficially kicks off the U.S. earnings season. The IMF reduced its global
growth forecast to 3.8 percent for 2015, from 4 percent, and warned about risks posed by geopolitical
tensions and frothy stock markets. The Topix slipped 1.7 percent, set for the lowest close since Aug.
13, as Japans smaller Nikkei 225 Stock Average retreated 1.6 percent. The yen, regarded as a
haven by some investors, dropped 0.2 percent to 108.19 per dollar after gaining 1.6 percent over the
past two days. South Koreas Kospi index fell 0.1 percent and the S&P/ASX 200 Index in Sydney lost
0.8 percent.
http://www.bloomberg.com/news/2014-10-07/asian-futures-pace-global-rout-amid-yen-gains-oil-
sinks.html
2014-10-08
8 October 2014
Daily Report
Performance
Last Country Index
Indicator
Performance
Last
USD
Commodity
NEWS & ANALYSIS
-3.94
0.86
4.99
7.01
-3.76
-2.03
0.50
-4.88
-4.38
YTD %
-0.02
-1.60
-1.56
-1.13
-1.04
-0.93
0.46
-1.34
-1.31
MSE - Top20
DJIA
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
DAX
Nikkei 225
Change % (Day)
107
17
1,298
483
1,976
0 1,000 2,000 3,000
GTL
HRM
JTB
ETR
KEK
1.33%
0.00%
-2.44%
-5% 0% 5% 10%
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
0
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4,000
6,000
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16,000
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Volume MSETOP Index
Daily Report | 2014.10.08

8 October 2014 2
MONGOLIAN RELATED COMPANIES
Name Sym Currency Last Chg day % YTD %
Trade value
000 USD
Market cap
mln USD/
52w high 52w low
Currency
cross
Turquoise Hill TRQ US Equity USD 3.650 -1.88 10.61 26,547.2 7,344.89 4.36 3.01 1.00
Centerra Gold CG CN Equity CAD 5.020 -4.56 16.20 3,172.2 1,062.42 6.90 2.82 1.12
MMC 975 HK Equity HKD 0.850 0.00 -17.48 482.7 406.11 1.43 0.48 7.75
Denison Mines Corp DML CN Equity CAD 1.190 -1.65 -7.75 791.3 538.48 1.95 1.01 1.12
Winsway Coking Coal Holdings Ltd 1733 HK Equity HKD 0.375 0.00 -23.47 38.2 182.46 0.69 0.31 7.75
MoEnCo 276 HK Equity HKD 0.175 0.00 -27.98 155.4 152.47 0.29 0.15 7.75
SouthGobi Resources 1878 HK Equity HKD 4.760 0.00 -30.81 47.5 114.98 9.90 4.38 7.75
Central Asia Metals PLC CAML LN Equity GBp 173.250 -0.07 22.87 18,641.1 307.26 190.00 134.75 0.62
Mongolia Investment Group Ltd 402 HK Equity HKD 0.245 0.00 -15.52 2,454.0 211.54 0.41 0.16 7.75
Mongolia Growth Group YAK CN Equity CAD 1.910 1.06 -15.86 56.8 59.50 3.07 1.71 1.12
North Asia Resources Holdings Ltd 61 HK Equity HKD 0.160 0.00 -12.09 79.4 83.57 0.21 0.10 7.75
Guildford Coal Ltd GUF AU Equity AUD 0.044 -2.22 -46.90 15.4 32.68 0.14 0.04 1.14
Origo Partners PLC OPP LN Equity GBp 7.625 0.00 3.39 101.1 43.69 9.50 6.63 0.62
Entree Gold Inc ETG CN Equity CAD 0.275 0.00 -11.29 10.7 36.19 0.53 0.27 1.12
Aspire Mining Ltd AKM AU Equity AUD 0.048 0.00 -14.29 #VALUE! 29.62 0.08 0.03 1.14
Prophecy Coal Corp PCY CN Equity CAD 0.050 0.00 -37.50 7.0 11.27 0.13 0.04 1.12
FeOre Ltd FEO AU Equity AUD 0.055 0.00 34.15 0.4 25.57 0.08 0.03 1.14
Petro Matad Ltd MATD LN Equity GBp 2.875 0.00 -23.33 69.0 12.90 11.50 2.63 0.62
Xanadu Mines Ltd XAM AU Equity AUD 0.120 0.00 140.00 0.0 25.47 0.18 0.03 1.14
Haranga Resources Ltd HAR AU Equity AUD 0.023 0.00 -62.90 0.2 4.89 0.09 0.02 1.14
Wolf Petroleum Ltd WOF AU Equity AUD 0.052 4.00 -25.71 12.3 11.97 0.09 0.03 1.14
Manas Petroleum Corp MNAP US Equity USD 0.122 1.33 77.52 14.8 20.99 0.17 0.04 1.00
KRI CN Equity CAD 0.430 0.00 50.88 77.8 26.23 0.45 0.17 1.12
Voyager Resources Ltd VOR AU Equity AUD 0.002 0.00 -50.00 0.9 2.72 0.01 0.00 1.14
East Asia Minerals Corp EAS CN Equity CAD 0.030 -14.29 -25.00 0.4 2.91 0.11 0.03 1.14
Erdene Resource Development Corp ERD CN Equity CAD 0.130 -10.34 -7.14 1.0 8.72 0.26 0.07 1.12
Modun Resources Ltd MOU AU Equity AUD 0.004 0.00 0.00 4.4 5.70 0.01 0.00 1.14
Kincora Copper Ltd KCC CN Equity CAD 0.040 0.00 60.00 0.1 11.09 0.09 0.02 1.12
General Mining Corp Ltd GMM AU Equity AUD 0.007 0.00 -58.82 0.1 0.83 0.03 0.01 1.14
Draig Resources Ltd DRG AU Equity AUD 0.015 0.00 -57.14 2.8 0.87 0.04 0.01 1.14
Newera Resouces Ltd NRU AU Equity AUD 0.002 0.00 -66.67 1.8 2.07 0.01 0.00 1.14
Blina Minerals NL BDI AU Equity AUD 0.001 0.00 0.00 0.0 1.31 0.00 0.00 1.14
Source: Bloomberg
MONGOLIAN STOCK MARKET
5 October 2014 7 JSC's 21,825 shares worth 4.34 mln MNT have been
traded.
TOP20 index was 15,659.09 -0.02% YTD -3.94%
Company name Trade volume
Trade
value '000
Last Chg day Chg day %
Buy
volume
Buy price Sell price Sell volume
EER 50 119.5 2390 0 0.00% 450 2390 2399 60
GOV 42 340.41 8105 5 0.06% 272 8100 8200 144
GTL 10 106.5 10650 140 1.33% 400 10500 12080 1
HRM 100 16.5 165 0 0.00% 1900 165 175 1229
JTB 16,225 1298 80 -2 -2.44% 1000 79 80 755
ETR 5,190 482.67 93 -2 -2.11% 15000 90 93 200
KEK 208 1976 9500 500 5.56% 50 9000 0 0
Change day
30 day graphic
3
0
2013.06 2702.1
2013.06 7591
13606.65
2390
8 October 2014
Diclaimer
This document has been prepared by the investment banking division of Golomt Bank for information purpose only. The views
expressed are the views of the analyst and are subject to change based on market and other conditions and factors. The
information provided does not constitute investment advice or other recommendations and should not be relied on as such. It
should not be considered a solicitation to buy or an offer to sell a security or to pursue any trading or investment strategy. All
material, including information sourced from or attributed to Golomt Bank, has been obtained from sources believed to be
reliable, but its accuracy is not guaranteed. Past performance is no guarantee for future results. Accordingly you must
independently determine, with your own advisors, the appropriateness for you of the securities/transactions before investing
or transacting.
Investment Banking Division of Golomt Bank

The principal activities of Investment Banking Division constitute structuring, sourcing, negotiating and closing debt and equity
financings as well as the provision of incisive advisory services for private and public companies as well as institutions, public sector
agencies and authorities.

Our vision is to fuel the profitable growth of our valued clients by providing the highest-quality investment banking services, and in so
doing create an environment which will lead to long term, mutually beneficial relationships. We strive to achieve these lasting
relationships by matching each client assignment with the collaborative expertise of the Banks team of seasoned banking and
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Contact

Sukhbaatar Square, Ulaanbaatar 210620A, Mongolia
Fax: +976-70117676 /1402/
E-mail: ibd@golomtbank.com
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