Eurasia TOP 50 Resource Companies 1H2009

Eurasia TOP‐50 Resource Companies marketcap up 48.5% YTD in 1H2009

Eurasia TOP‐50’s combined marketcap rose 48.5% to US$1.22trillion in 1H2009 from US$821.6bn at end‐2008. The rise reflects surge in commodity prices: UBS Bloomberg Commodity Index soared 16.1%YTD.

Majors gained 45%

The largest 10 companies, making US$920.4bn in marketcap (75.4% of TOP‐50), gained 45% or US$285.7bn The largest 5 best performers in terms of gain in US dollar were PetroChina (US$107.1bn), China Petroleum and Chemical, also known as Sinopec (US$39.9bn), Gazprom (US$38.1bn), China Shenhua Energy (US$31.2bn) and Rosneft Oil (US$19.6bn).

Metals & Steel stocks outperformed

Metals & Steel stocks increased 69% followed by chemicals (66%), mining (62%), oil and gas (44%) and power and transport (40%) Kazakhmys, a FTSE‐100 member with assets in Kazakhstan, surged 172.7%YTD on gains in copper prices.

Only 4 companies declined

China’s Offshore Oil Engineering is the worst performer followed by Panzhihua New Steel, Irkutskenrgo and Qinghai Salt Lake Potash.