Financial Highlights 2009

Total income £18.78 million in 2009 compared to negative total income of £(1.07) million in 2008.
Revenue £17.51 million in 2009, up 82% compared to 2008 (excluding gains and losses from the Investment Portfolio).
Corporate Finance & Equities revenue £8.95 million in 2009, up more than two and a half times compared to 2008.
Commodities revenue £8.56 million in 2009, an increase of 34% compared to 2008.
Profit before share-based payment charges and tax £4.01 million compared to a loss on the same basis of £(16.30) million in 2008.
Ambrian ranked 1st in small cap metals & mining research (Thomson Reuters Extel Survey 2009) and 1st by number of retained corporate clients in the AIM Basic Materials Sector (Hemscott Fourth Quarter 2009).
Ambrian handled 213,382 tonnes of refined copper in 2009, an amount equivalent to approximately 6.9% of China’s total imports of refined copper in 2009.
Net tangible asset value per share increased 7.23% during the year to 31.18p at 31 December 2009.
Basic earnings per share 2.76p in 2009 compared to a loss per share of (12.92)p in 2008.
Second interim dividend of 0.75p per share declared and no final dividend proposed, taking total dividends for the year to 1.50p per share, unchanged from 2008.