Sept. 10, 2008 (Ulaanbaatar) Eurasia Capital Group is pleased to announce the launch of Eurasia Capital Mongolia LLC, an investment banking and brokerage firm in Mongolia. ECG has made this investment through Eurasia Capital International, its pan-regional investment banking arm focused on Central Asia, the Caucasus and Mongolia. Eurasia Capital Group is a Singapore-based investment group with diverse investments across Eurasia region. Mr Alisher Ali Djumanov, Chairman of Eurasia Capital Group has officially announced this launch at the Euromoney Mongolia Investment Forum in Ulaanbaatar today in front of over 400 delegates from Mongolia, Russia, China, Hong Kong, Korea, Singapore and a dozen of other countries attracted by the country’s strong macroeconomic fundamentals and its appealing investment story.

Strategically located between China and Russia, Mongolia possesses world class natural resources, including gold, copper, coal and uranium. With population of 3 million living in the country three times larger than France, Mongolia offer investors tremendous investment opportunities across various industries, most prominently in mining sector. With its GDP currently at just USD 3 billion, the Mongolian economy could grow at double-digit rates in the next 10 years if the government is able to reach investment agreements with major global and regional mining groups that have lined up billions of dollars for investments in giant mining projects such as Oyu Tolgoi and Tavan Tolgoi.

Eurasia Capital Mongolia intends to become the leading investment bank and brokerage house in Mongolia providing full fledged services in corporate finance, mergers & acquisitions, capital markets, equities sales and trading, research and advisory. “We are delighted to have an opportunity to build a strong investment banking franchise in Mongolia assisting Mongolian companies to raise capital in regional and international markets as well as advising both portfolio and strategic investors in the country”, said Mr Alisher Ali Djumanov, Chairman of Eurasia Capital Group (ECG).

With appr. USD 200 million under management, Eurasia Capital Management, ECG’s fund management
subsidiary has already made investments in Mongolia through its managed funds, such as Central Asia
Opportunity Fund, Mongolia Discovery Fund and Central Asia Real Estate Fund. Established in January
2008, Mongolia Discovery Fund (MDF), the world’s first Mongolia dedicated fund and its investments in
public equities, property and pre-IPO transactions have generated +12% return the year-to-date enabling MDF to outperform most of frontier and emerging market funds.

For more information:
Mr Temuulin Enkhmunkh
Executive Director
Eurasia Capital Mongolia LLC
Tel: +97699005646
temuulin.enkhmunkh@eurasiacapital.net