WORLD INDICES

Change %
(Day)
YTD change %
MSE - Top20 MN 15,797.75 -0.01 -3.09
DJIA US 17,042.90 -0.17 2.81
S&P 500 US 1,972.29 -0.28 6.70
Nasdaq US 4,493.39 -0.28 7.59
S&P/TSX comp CN 14,960.51 -0.11 9.83
FTSE 100 UK 6,622.72 -0.36 -1.87
S&P/ASX 200 US 5,288.30 -0.09 -1.19
Hang Seng HK 22,932.98 -1.28 -1.60
Bloomberg/asia.pac ASIA 172.90 -0.37 2.83
COMMODITY PRICES
Change %
(Day)
YTD change %
Prime Coking Coal /Tianjin 140.08 0.00 -26.50
Zinc Spot /LME 2,281.75 -0.03 11.14
Iron Ore 58% /Tianjin 69.10 0.00 -42.42
Copper Spot /LME 6,720.00 -0.99 -8.89
Oil 91.16 -3.61 -7.38
Gold Spot /LME 1,207.71 -0.04 0.51
Silver Spot /LME 16.95 -0.13 -12.94
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 97.51 6.866 3/21/2017
MMC bond - 8.875 600 66.25 28.838 3/29/2017
Mongol 2018 - 4.125 500 95.10 5.598 1/5/2018
Mongol 2022 - 5.125 1,000 89.57 6.693 12/5/2022
TDBM 2015 - 8.5 300 99.90 8.603 9/20/2015
TDBM 2015 - 12.5 25 99.13 13.086 11/17/2015
TDBM 2017 - 10 dim sum 115 97.73 10.904 1/21/2017
DBM bond - 1.52 sam. 290 103.26 1.139 12/25/2023
INDICES CHANGE
MSE TOP 5 MOST TRADED
Trade value '000
MONGOLIAN RELATED NEWS
First Frontier and Golomt Bank sign Cooperation Agreement
First Frontier Capital Limited (First Frontier) and Golomt Bank LLC (Golomt Bank) are pleased to
announce they have entered into a strategic Cooperation Agreement to promote foreign investment in
Mongolia. First Frontier is an independent London based investment bank focussed on providing
institutional investors with a one-stop-shop in respect of the frontier markets globally. First Frontiers
offering comprises origination, research and execution in frontier and pre-frontier markets. In entering
into this partnership with Golomt, First Frontier continues its expansion in the high growth frontier and
pre-frontier markets, enabling the firms clients to receive co-branded research focused on Mongolia,
trade securities on the local exchange; and have access to the significant capital raising pipeline of
Mongolian corporates. The two firms will also seek to develop a range of financial products that will
be of interest to both domestic and international investors. In expanding the firms Asian presence
into Mongolia, First Frontier is entering one of the key growth markets in the region that is attracting
renewed investor interest following the much anticipated regulatory and securities law changes.
http://golomtbank.com/mn/news/show/418
BOM PRESIDENT SUBMITS DRAFT RESOLUTION TO PARLIAMENT
The president of the Bank of Mongolia (BoM) Tuesday submitted to the Speaker of parliament a draft
resolution on the state fiscal policy for 2015. A stability of the macro economy is ensured when there
are positive environment for the payment balance, a stable level of the inflation rate, balanced and
sustainable conditions for the economic growth. The economic domestic and external situations are
based on the economic absorption capability, the proper policy for accumulation and investment, the
policy on keeping a stable payment balance, and the combination of budgetary and fiscal policy. Thus
it necessary to focus on ensuring of the external balance, on keeping the inflation rate lower, on
sustainable level, and on strengthening of the financial stability, the BoM head said.
http://news_en.montsame.mn/politics/item/8478-bom-president-submits-draft-resolution-to-parliament
DIRECT FLIGHT SINGAPORE OPENS
In accordance with an intergovernmental agreement between Mongolia and Singapore on the air
relations, the national flag carrier--Mongolian Airlines company (MIAT) launched the direct flight to
Singapore via Beijing on September 24 of 2014. Statistics shows that 8,000 passengers travel
between Mongolia and Singapore. The new flight is expected to increase inter-citizens travels and
open a gate for Australia and Southeast Asian countries. Present at the opening ceremony were Mr
Yam Kum Weng, a vice president of the Changi international airport; Mr Yap Ong Heng, a director-
general of the Civil Aviation Authority of Singapore; Ms B.Delgermaa, the Ambassador of Mongolia to
Singapore; A.Gansukh, Mongolias Minister of Road and Transportation; and Mr G.Jargalsaikhan, the
MIAT executive director. The flight OM231 from Ulaanbaatar to Singapore is scheduled to depart
6.15am on Wednesdays and Saturdays, whereas the flight OM232 will depart Changi Airport at
6.20pm on Wednesdays and 6.45pm on Saturdays.
http://news_en.montsame.mn/society/item/8481-direct-flight-singapore-opens
GLOBAL NEWS
Asian Stock Index Retreats on U.S. Confidence, Hong Kong
Asian stocks fell, with the benchmark index heading for a fourth day of losses, after consumer
confidence in the U.S. unexpectedly declined and Hong Kong braced for bigger protests as Chinese
holidays started. The MSCI Asia Pacific Index (MXAP) slid 0.1 percent to 140.20 as of 9:02 a.m. in
Japan after retreating to a four-month low yesterday. The measure capped its biggest monthly decline
in more than two years in September amid concern Chinese economic growth is slowing and that the
Federal Reserve may increase U.S. borrowing costs sooner as it ends asset purchases. Japans
Topix index slipped 0.2 percent as investors weighed the quarterly Tankan survey of business
sentiment. South Koreas Kospi index sank 0.5 percent after a report showed exports rose less than
expected last month. New Zealands NZX 50 Index fell 0.1 percent. Australias S&P/ASX 200 Index
lost 0.3 percent. Hong Kong is closed today and tomorrow for holidays, while mainland Chinas are
shut through Oct. 7.
http://www.bloomberg.com/news/2014-10-01/asian-stock-index-retreats-on-u-s-confidence-hong-
kong.html
2014-10-01
1 October 2014
Daily Report
Performance
Last Country Index
Indicator
Performance
Last
USD
Commodity
NEWS & ANALYSIS
-3.09
2.81
7.59
9.83
-1.87
-1.19
-1.60
-0.82
-0.93
YTD %
-0.01
-0.17
-0.28
-0.11
-0.36
-0.09
-1.28
0.55
-0.21
MSE - Top20
DJIA
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
DAX
Nikkei 225
Change % (Day)
483
455
255
141
120
112
0 200 400 600
TAV
ACL
UID
RMC
HSR
MDR
0.00%
0.28%
0.35%
-10% -5% 0% 5% 10%
0
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4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
0
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Volume MSETOP Index
Daily Report | 2014.10.01

1 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 3.740 -0.53 13.33 15,194.2 7,526.00 4.36 3.01 1.00
Centerra Gold CG CN Equity CAD 5.020 -7.55 16.20 3,411.2 1,057.87 6.90 2.82 1.12
MMC 975 HK Equity HKD 0.870 3.57 -15.53 459.4 415.05 1.43 0.48 7.77
Denison Mines Corp DML CN Equity CAD 1.280 0.79 -0.78 485.1 576.73 1.95 1.01 1.12
Winsway Coking Coal Holdings Ltd 1733 HK Equity HKD 0.380 4.11 -22.45 76.3 184.62 0.69 0.31 7.77
MoEnCo 276 HK Equity HKD 0.169 -1.74 -30.45 176.0 147.03 0.29 0.15 7.77
SouthGobi Resources 1878 HK Equity HKD 4.460 -1.98 -35.17 75.1 107.57 9.90 4.38 7.77
Central Asia Metals PLC CAML LN Equity GBp 170.750 0.44 21.10 444,493.3 305.38 190.00 134.75 0.62
Mongolia Investment Group Ltd 402 HK Equity HKD 0.260 7.44 -10.34 9,166.6 224.16 0.41 0.16 7.77
Mongolia Growth Group YAK CN Equity CAD 1.950 2.63 -14.10 46.4 60.49 3.07 1.71 1.12
North Asia Resources Holdings Ltd 61 HK Equity HKD 0.159 2.58 -12.64 81.4 82.92 0.21 0.10 7.77
Guildford Coal Ltd GUF AU Equity AUD 0.045 2.27 -45.69 1.5 33.18 0.14 0.04 1.15
Origo Partners PLC OPP LN Equity GBp 7.875 0.00 6.78 2,551.4 45.51 9.50 6.63 0.62
Entree Gold Inc ETG CN Equity CAD 0.295 1.72 -4.84 0.8 38.65 0.53 0.27 1.12
Aspire Mining Ltd AKM AU Equity AUD 0.050 0.00 -10.71 #VALUE! 30.64 0.08 0.03 1.15
Prophecy Coal Corp PCY CN Equity CAD 0.055 0.00 -31.25 3.5 12.35 0.13 0.04 1.12
FeOre Ltd FEO AU Equity AUD 0.055 0.00 34.15 0.4 25.39 0.08 0.03 1.15
Petro Matad Ltd MATD LN Equity GBp 2.875 0.00 -23.33 0.0 13.01 11.50 2.63 0.62
Xanadu Mines Ltd XAM AU Equity AUD 0.125 0.00 150.00 0.0 26.34 0.18 0.03 1.15
Haranga Resources Ltd HAR AU Equity AUD 0.027 0.00 -56.45 2.7 5.69 0.09 0.03 1.15
Wolf Petroleum Ltd WOF AU Equity AUD 0.050 0.00 -28.57 8.2 11.42 0.09 0.03 1.15
Manas Petroleum Corp MNAP US Equity USD 0.134 11.58 95.47 3.8 23.11 0.17 0.04 1.00
Khan Resources Inc KRI CN Equity CAD 0.400 0.00 40.35 8.9 24.29 0.45 0.17 1.12
Voyager Resources Ltd VOR AU Equity AUD 0.003 50.00 -25.00 1.5 4.05 0.01 0.00 1.15
East Asia Minerals Corp EAS CN Equity CAD 0.030 0.00 -25.00 8.1 2.88 0.11 0.03 1.15
Erdene Resource Development Corp ERD CN Equity CAD 0.145 3.57 3.57 1.2 9.69 0.26 0.07 1.12
Modun Resources Ltd MOU AU Equity AUD 0.003 0.00 -25.00 0.4 4.24 0.01 0.00 1.15
Kincora Copper Ltd KCC CN Equity CAD 0.040 0.00 60.00 3.8 11.05 0.09 0.02 1.12
General Mining Corp Ltd GMM AU Equity AUD 0.007 0.00 -58.82 0.1 0.82 0.03 0.01 1.15
Draig Resources Ltd DRG AU Equity AUD 0.015 0.00 -57.14 0.7 0.87 0.04 0.01 1.15
Newera Resouces Ltd NRU AU Equity AUD 0.002 0.00 -66.67 0.4 2.06 0.01 0.00 1.15
Blina Minerals NL BDI AU Equity AUD 0.001 0.00 0.00 0.1 1.30 0.00 0.00 1.15
Source: Bloomberg
MONGOLIAN STOCK MARKET
30 September 2014 13 JSC's 3,738 shares worth 5.94 mln MNT have been
traded.
TOP20 index was 15,797.75 -0.01% YTD -3.09%
Company name Trade volume
Trade
value '000
Last Chg day Chg day %
Buy
volume
Buy price Sell price Sell volume
APU 887 3281 3699 -1 -0.03% 300 3671 3700 2993
NEH 43 796 18500 -500 -2.63% 24 18500 19000 20
TAV 20 483 24140 0 0.00% 30 22000 24140 2
ACL 632 455 720 2 0.28% 500 718.5 0 0
UID 449 255 569 2 0.35% 100 569 629 410
RMC 1,010 141 140 9 6.80% 1079 121 140 1990
HSR 30 120 4000 -100 -2.44% 0 0 4100 475
MDR 200 112 559 -31 -5.25% 0 0 585 50
MMX 30 99 3295 7 0.21% 107 3255 3300 93
GOV 10 80 8000 0 0.00% 2 7950 8100 200
HRM 421 67 158 -12 -7.06% 405 158 170 5
SUL 1 53 52900 5900 12.55% 1 46800 54950 1
MSH 5 4 700 -35 -4.76% 1000 630 700 4685
Change day
30 day graphic
3
0
2013.06 2702.1
2013.06 7591
13606.65
3700
1 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
investment professionals.

Contact

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