Ann: Result of UK Placing, page-68

Substantial ShareholdersBased on available information as at the Prospectus Date and to the extent known bythe Company, those persons which together with their associates have a voting powerin 5% or more of the Shares on issue are set out below:Substantial Shareholder Shares Voting powerSilvercorp Metals Inc. 253,530,994 10.53%In addition to the above, the Company has agreed to issue 19,552,752 Shares and19,552,752 free-attaching unquoted Warrants to Silvercorp (or its nominees) inaccordance with the Subscription Agreement, a summary of which is in Section 5.6.The free-attaching Warrants were issued on the same terms are those issued toparticipants in the Placement.On completion of the Subscription Agreement, it is anticipated that Silvercorp will havea relevant interest in 273,083,746 Shares (representing approximately 11.25% votingpower in the Company).