Mongolia Investment Group Limited provided earnings guidance for the year ended March 31, 2012. As a result of the unsatisfactory progress in production of the coal mine operated by Tugrugnuuriin Energy LLC, an indirect wholly-owned subsidiary of the company, in Tugrug Valley, Mongolia, an impairment loss on the valuation of the mining rights of the TNE Mine is expected to be recognised. Accordingly, the board of directors of the company announced that it is expected that the consolidated results of the company and its subsidiaries for the year ended March 31, 2012 may experience a significant loss. The impairment loss is subject to the results of valuation of the rights on the TNE Mine.