Madison Pacific - Appointment of Mongolian Mining Company (In Provisional Liquidation)

Madison Pacific Trust Limited ("Madison Pacific"), a leading independent provider of agency services, announced today that it has been appointed as Agent, Security Agent and Shared Security Agent in the debt restructuring by Mongolian Mining Corporation (In Provisional Liquidation) ("MMC") and its subsidiaries.

MNC announed on May 5, 2017 the completion of its offshore debt restructuring which consisted the implementation of a Notes Restructuring, a Senior Secured Facilities Restructuring and a Promissory Notes Restructuring. The restructuring included the listing and issue of US$412,465,892 Floating Rate Notes due 2022 and US$195,000,000 Floating Perpetual Notes.