Result of AGM

10 June 2016

Steppe Cement Ltd

AGM Results

Steppe Cement Ltd wishes to announce that the following resolutions were passed in the AGM held on Friday, 10 June 2016:

Resolution 1:

To receive and adopt the audited financial statements for year ended 31 December 2015.

Resolution 2:

To re-elect the following directors who offered themselves for re-election:

2.1 Javier Del Ser Perez

2.2 Paul Rodzianko

2.3 Xavier Blutel

The Company's Nominated Adviser and Broker is RFC Ambrian Limited.

Nominated Adviser contact: Stephen Allen or Oliver Morse, at +61 8 9480 2500

Broker contact: Charlie Cryer at +44 20 3440 6800.