Eurasia Top 50 Resource Companies

Eurasia Top 50 Resource Companies value fell 67% • Eurasia Top 50 combined market capitalization fell 67% to US$816.4bn in 2008 from US$2.45 trillion in 2007. • The fall reflects sharp commodity price downward corrections: WTI oil prices dropped half YoY, UBS Bloomberg Commodity index plunged 33% YoY. Majors lost 65% in market capitalization • Top 10 making US$639.7bn in market capitalization (78% of top 50) lost 65% both share price and market capitalization (US$1.2 trillion). • The largest 5 worst performers in terms of loss in US$ were PetroChina (US$463.7bn), Gazprom (US$247.1bn), Sinopec (US$167.4bn), China Shenhua Energy (US$114.8bn) and Rosneft Oil Company (US$61.7bn). Chemicals and mining stocks lost less • In terms of share price performance, mining stocks suffered relatively less in 2008, posting an average 60% fall in comparison with 62% in oil and gas, 72% in metals and steel, and 73% in power and transport. Chemicals stocks lost even less, 59%.