<SEC-DOCUMENT>0000794367-16-000249.txt : 20160531
<SEC-HEADER>0000794367-16-000249.hdr.sgml : 20160531
<ACCEPTANCE-DATETIME>20160531134316
ACCESSION NUMBER:		0000794367-16-000249
CONFORMED SUBMISSION TYPE:	SD
PUBLIC DOCUMENT COUNT:		2
<RULE>
<RULE-NAME>13p-1
<ITEM>
<ITEM-NUMBER>1.01
<ITEM-PERIOD>20151231
</ITEM>
</RULE>
FILED AS OF DATE:		20160531
DATE AS OF CHANGE:		20160531

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Macy's, Inc.
		CENTRAL INDEX KEY:			0000794367
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DEPARTMENT STORES [5311]
		IRS NUMBER:				133324058
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0130

	FILING VALUES:
		FORM TYPE:		SD
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13536
		FILM NUMBER:		161684979

	BUSINESS ADDRESS:	
		STREET 1:		7 WEST SEVENTH STREET
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
		BUSINESS PHONE:		5135797000

	MAIL ADDRESS:	
		STREET 1:		7 W SEVENTH ST
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FEDERATED DEPARTMENT STORES INC /DE/
		DATE OF NAME CHANGE:	19950307

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	R H MACY & CO INC
		DATE OF NAME CHANGE:	19950307

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MACY ACQUIRING CORP
		DATE OF NAME CHANGE:	19861124
</SEC-HEADER>
<DOCUMENT>
<TYPE>SD
<SEQUENCE>1
<FILENAME>esformsd05312016.htm
<DESCRIPTION>FORM SD FILED ON MAY 31, 2016
<TEXT>




</head>

<body lang=EN-US link=blue vlink=purple>

<div style='page:WordSection1;'>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
line-height:normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United
States</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
line-height:normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Securities
and Exchange Commission</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;
margin-bottom:12.0pt;margin-left:0in;text-align:left;line-height:normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Washington, D.C.
20549</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
line-height:normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;FORM
SD</b></p>

<blockquote>
	<blockquote>
		<blockquote>
			<blockquote>
				<blockquote>
					<blockquote>
						<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;
margin-bottom:12.0pt;margin-left:0in;text-align:left;line-height:normal'><b>SPECIALIZED DISCLOSURE
REPORT</b></p>
					</blockquote>
				</blockquote>
			</blockquote>
		</blockquote>
	</blockquote>
</blockquote>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width=602
 style='width:451.8pt;margin-left:18.9pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=602 valign=top style='width:451.8pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;
  margin-bottom:0in;margin-left:-36.7pt;margin-bottom:.0001pt;text-align:center;
  line-height:normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macy's,
  Inc.</b></p>
  </td>
 </tr>
 <tr style='height:15.3pt'>
  <td width=602 valign=top style='width:451.8pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:15.3pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;
  margin-bottom:0in;margin-left:-36.7pt;margin-bottom:.0001pt;text-align:center;
  line-height:normal'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Exact
  name of registrant as specified in its charter)</p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:13.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:13.0pt'>&nbsp;</p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=223 valign=top style='width:167.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>Delaware</p>
  </td>
  <td width=178 valign=top style='width:133.8pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>1-13536</p>
  </td>
  <td width=201 valign=top style='width:150.6pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>13-3324058</p>
  </td>
 </tr>
 <tr>
  <td width=223 valign=top style='width:167.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>(State
  or other jurisdiction of incorporation or organization)</p>
  </td>
  <td width=178 valign=top style='width:133.8pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>(Commission</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>File
  Number)</p>
  </td>
  <td width=201 valign=top style='width:150.6pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>(IRS
  Employer Identification No.)</p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:13.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:13.0pt'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=301 valign=top style='width:225.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>7
  West Seventh Street</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>Cincinnati,
  Ohio</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>and</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>151
  West 34th Street</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>New
  York, New York</p>
  </td>
  <td width=301 valign=top style='width:225.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>45202</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>10001</p>
  </td>
 </tr>
 <tr>
  <td width=301 valign=top style='width:225.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>(Address
  of principal executive offices)</p>
  </td>
  <td width=301 valign=top style='width:225.9pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.0pt'>(Zip
  Code)</p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.55pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:13.0pt'>&nbsp;</p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=602 valign=top style='width:451.8pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:10.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; Dennis
  J. Broderick, Esq.</p>
  </td>
 </tr>
 <tr>
  <td width=602 valign=top style='width:451.8pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:10.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (513)
  579-7000</p>
  </td>
 </tr>
 <tr>
  <td width=602 valign=top style='width:451.8pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:normal'>(Name
  and telephone number, including area code, of the </p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'>person to contact in connection with
  this report.)</p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:13.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.8pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:13.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0in;margin-right:12.25pt;margin-bottom:
0in;margin-left:.1in;margin-bottom:.0001pt;line-height:normal'>Check the
appropriate box to indicate the rule pursuant
to which this form
is being filed, and
provide the period to which the
information in this form applies:</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.35pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:12.0pt'>&nbsp;</p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:9.9pt;border-collapse:collapse;border:none'>
 <tr>
  <td width=24 style='width:.25in;border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:1.45pt;margin-right:-1.0pt;
  margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;
  line-height:13.55pt'>X</p>
  </td>
  <td width=24 valign=top style='width:.25in;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:1.45pt;margin-right:-1.0pt;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;line-height:13.55pt'>&nbsp;</p>
  </td>
  <td width=528 valign=top style='width:5.5in;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0in;margin-right:-.7pt;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Rule 13p-1
  under the Securities Exchange Act
  (17 CFR 240.13p-1)
  for the reporting period from January 1
  to December 31, 2015.</p>
  </td>
 </tr>
</table>

</div>

<b><br
clear=all style='page-break-before:always'>
</b>

<div style='page:WordSection2;'>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:70.55pt;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Section 1 &#150;
Conflict Minerals Disclosure</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:70.55pt;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Item 1.01&nbsp; Conflict
Minerals Disclosure and Report</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>As required by Rule
13p-1 under the Securities Exchange Act of 1934, as amended, and Form SD, a
Conflict Minerals Report is provided as an exhibit to this Form SD and is
available at the following Internet website: <i>http://
www.macysinc.com/social-responsibility</i>.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>The information
contained on our website is not incorporated by reference into this Form SD or
our Conflict Minerals Report and should not be considered part of this Form SD
or the Conflict Minerals Report.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Information
concerning tin, tantalum, tungsten or gold from recycled or scrap sources that
may be contained in our in-scope products is included in the Conflict Minerals
Report and is incorporated in this Form SD by reference.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Item 1.02 &nbsp;Exhibit</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>The Conflict
Minerals Report required by Item 1.01 is filed as Exhibit 1.01 to this Form SD.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.25in;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Section 2 -
Exhibits</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Item 2.01
Exhibits</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Exhibit 1.01 &#150;
Conflict Minerals Report for the reporting period January 1, 2015 to December
31, 2015.</p>

<b><br
clear=all style='page-break-before:always'>
</b>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:3.8pt;margin-right:178.15pt;
margin-bottom:0in;margin-left:180.1pt;margin-bottom:.0001pt;text-align:left;
line-height:normal'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SIGNATURES</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:3.8pt;margin-right:178.15pt;
margin-bottom:0in;margin-left:180.1pt;margin-bottom:.0001pt;text-align:center;
line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0in;margin-right:15.95pt;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the duly authorized
undersigned.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
10.0pt'>&nbsp;</p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none'>
 <tr style='height:.2in'>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:.2in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;line-height:10.0pt'>Macy's, Inc.</p>
  </td>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:.2in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;line-height:10.0pt'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:15.25pt'>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:15.25pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;line-height:10.0pt'>(Registrant)</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;line-height:10.0pt'>&nbsp;</p>
  </td>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:15.25pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;line-height:10.0pt'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:13.45pt'>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:13.45pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;line-height:10.0pt'>By:&nbsp; <u>/s/&nbsp;&nbsp;&nbsp;
  Dennis J. Broderick&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
  </td>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:13.45pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;line-height:10.0pt'>May 31, 2016</p>
  </td>
 </tr>
 <tr style='height:47.25pt'>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:47.25pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:45.0pt;margin-bottom:.0001pt;text-indent:-45.0pt;line-height:
  10.0pt'>Name:&nbsp;
  Dennis J. Broderick</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;margin-bottom:
  10.0pt;margin-left:31.5pt;text-indent:-31.5pt;line-height:10.0pt'>Title:&nbsp;&nbsp;&nbsp; Executive
  Vice President, General Counsel and Secretary</p>
  </td>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:47.25pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;line-height:10.0pt'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:47.25pt'>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:47.25pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:45.0pt;margin-bottom:.0001pt;text-indent:-45.0pt;line-height:
  10.0pt'>&nbsp;</p>
  </td>
  <td width=301 valign=top style='width:225.9pt;border:none;padding:0in 5.4pt 0in 5.4pt;
  height:47.25pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:6.0pt;margin-right:0in;margin-bottom:
  0in;margin-left:0in;margin-bottom:.0001pt;line-height:10.0pt'>&nbsp;</p>
  </td>
 </tr>
</table>

<br
clear=all style='page-break-before:always'>


<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>EXHIBIT
INDEX</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'><b>&nbsp;</b></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='width:635px;border-collapse:collapse'>
 <tr>
  <td width=73 valign=top style='width:54.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'><b>&nbsp;</b></p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'><b><u>Exhibit</u></b></p>
  </td>
  <td valign=top style='width:536px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'><b><u>Description</u></b></p>
  </td>
 </tr>
 <tr>
  <td width=73 valign=top style='width:54.45pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'>1.01</p>
  </td>
  <td valign=top style='width:536px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'>Conflict Minerals Report for the reporting period
  January 1, 2015 to December 31, 2015</p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'>&nbsp;</p>

</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.01
<SEQUENCE>2
<FILENAME>esexhibit101.htm
<DESCRIPTION>EXHIBIT 1.01
<TEXT>




</head>

<body lang=EN-US link=blue vlink=purple>

<div style='page:WordSection1;'>

&nbsp;</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection3;'>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'><b>Exhibit 1.01</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0in;margin-right:60.9pt;
margin-bottom:0in;margin-left:39.1pt;margin-bottom:.0001pt;text-align:center;
line-height:normal'><b>C</b><b>onflict Minerals
Report</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Macy's, Inc. has
included this Conflict Minerals Report as an exhibit to its Form SD for calendar
year 2015 as required by Rule 13p-1 under the Securities Exchange Act of 1934,
as amended, and Form SD (collectively, the &quot;Conflict Minerals Rule&quot;).
The date of filing of this Conflict Minerals Report is May 31, 2016.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Unless the
context indicates otherwise, the terms &quot;Company,&quot; &quot;we,&quot;
&quot;its,&quot; &quot;us&quot; and &quot;our&quot; refer to Macy's, Inc. and
its consolidated subsidiaries. As used herein and in the Conflict Minerals
Rule, &quot;Conflict Minerals&quot; or &quot;3TG&quot; are columbite-tantalite (coltan),
cassiterite, gold, wolframite and the derivatives tantalum, tin and tungsten,
without regard to the location of origin of the minerals or derivative metals. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Forward-Looking
Statements</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>This document
contains forward-looking statements within the meaning of the federal
securities laws. Any statements that do not relate to historical or current
facts or matters are forward-looking statements. You can identify some of the
forward-looking statements by the use of forward-looking words, such as
&quot;intend&quot; and the like, or the use of future tense. Statements concerning
current conditions may also be forward-looking if they imply a continuation of
current conditions. Examples of forward-looking statements include, but are not
limited to, statements concerning the additional steps that we intend to take
to mitigate the risk that our necessary 3TG benefit armed groups.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Forward-looking
statements are subject to risks and uncertainties that could cause actual
actions or performance to differ materially from those expressed in the
forward-looking statements. These risks and uncertainties include, but are not
limited to, (1) the continued implementation of satisfactory traceability and
other compliance measures by our direct and indirect suppliers on a timely
basis or at all, (2) whether smelters and refiners and other market
participants responsibly source 3TG and (3) political and regulatory
developments, whether in the Democratic Republic of the Congo (&quot;DRC&quot;)
or an adjoining country (collectively, the &quot;Covered Countries&quot;), the United
States or elsewhere. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of filing of this
document. We do not intend, and undertake no obligation, to publish revised
forward-looking statements to reflect events or circumstances after the date of
filing of this document or to reflect the occurrence of unanticipated events.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Overview;
Applicability of the Conflict Minerals Rule to Our Company </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>We
are an omnichannel retail organization operating stores, websites and mobile
applications. As of April 1, 2016, we operated approximately 870 stores in 45
states, the District of Columbia, Guam and Puerto Rico under the names of
Macy's, Bloomingdale's, Bloomingdale's Outlet, Macy's Backstage and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com
websites. We sell a wide range of merchandise, including apparel and
accessories (men's, women's and children's), cosmetics, home furnishings and
other consumer goods. We acquired Bluemercury, Inc. in March, 2015 and,
therefore, it is not required to be covered by this filing. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>In
2015, we purchased merchandise from approximately 3,350 suppliers. We do not
manufacture any products. Many of the products that we sell are third party
branded products that are available from many retailers, including our company,
and are therefore not &quot;in-scope&quot; for purposes of our compliance with the
Conflict Minerals Rule. In addition, we believe that most of our products do
not contain any 3TG and, for those that do, 3TG content usually constitutes a
small portion of the materials content of the products.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>A
portion of our products are private brand products, primarily consisting of
apparel, accessories and home products. We have determined that we are subject
to the Conflict Minerals Rule because of the degree of influence that we
exercise over the materials, parts, ingredients or components of some of our
private brand products that contain 3TG. Taken together as a whole, our
in-scope products include all four 3TG, but each in-scope product does not
contain all four 3TG. With respect to 2015, we sourced our private brand
products and components that potentially contained 3TG from approximately 750
suppliers, or approximately 22%, of our total supplier base (we refer to the
suppliers of such private-brand merchandise, both in respect of 2015 and
generally as &quot;Suppliers&quot;). The responses that we
received from our Suppliers in respect of 2015 indicated that only a small
portion of these Suppliers supplied us with products that were in-scope for our
Conflict Minerals Rule compliance. See &quot;Product Information&quot; below
for additional information concerning our in-scope products.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>We
do not directly source 3TG from mines, smelters or refiners, and we believe
that we are in most cases many levels removed from these market participants.
However, through the efforts described in this Conflict Minerals Report, we
seek to ensure that our sourcing practices are consistent with our responsible
sourcing values.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Management
Systems and Reporting</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Our
3TG program includes the following established systems and controls. Our
management systems are intended to conform to Step 1 of the OECD Guidance (as
defined later in this Conflict Mineral Report).</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>a.&nbsp;&nbsp;&nbsp;&nbsp;We
have established a task force that includes senior staff under the General Counsel
charged with managing our 3TG compliance strategy. The following functional
areas are represented on the task force: Financial Reporting; Information
Technology; Internal Audit; Legal; Overseas Offices; Quality Assurance/Product
Integrity; Risk Management; and Social Compliance. In addition, we include
merchants and product development teams from all of our business divisions in
the compliance process.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>b.&nbsp;&nbsp;&nbsp;&nbsp;We
utilize specialist outside counsel and other consultants to advise us in
connection with our Conflict Minerals Rule compliance.&nbsp; In addition, we use a third-party
information management service provider (the &quot;Service Provider&quot;) to assist with
our RCOI and due diligence, including to, on our behalf, (i) engage in supplier
outreach and follow-up, (ii) validate supplier responses, (iii) identify risks
based on smelter and refiner sourcing practices of suppliers and (iv) store
records of due diligence processes, findings and resulting decisions on a
computerized database. Some
of the RCOI and due diligence activities described in this Conflict Minerals
Report were performed on our behalf by the Service Provider.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>c.&nbsp;&nbsp;&nbsp;&nbsp;We
use the Conflict Minerals Reporting Template (the &quot;CMRT&quot;) developed
by the Conflict-Free Sourcing Initiative (the &quot;CFSI&quot;) to determine the
Suppliers that include 3TG in our private-label products and to identify
smelters and refiners in our supply chain. Each year, we request that Suppliers
complete the CMRT version recommended by the CFSI for that year.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>d.&nbsp;&nbsp;&nbsp;
We
have adopted both a corporate and vendor Conflict Minerals Policy. We
communicate the applicable policy to impacted company personnel and to our
Suppliers
and have implemented
procedures to ensure that new suppliers receive and review the vendor Conflict
Minerals Policy. We have posted the corporate Conflict Minerals Policy on our
corporate Internet website, at <i>http://macysinc.com/social-responsibility/conflict-minerals-policy</i>. We do not seek
to embargo the sourcing of 3TG from the DRC region.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>e.&nbsp;&nbsp;&nbsp;&nbsp;We
required Suppliers to source metal trim components from a conflict free
nominated trim supplier list. The trim program covers all zippers, all
children's press fasteners, and all other metal trim components for apparel,
accessories, footwear, home textiles and plush toys.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
private brand purchase order terms and conditions and certain testing and
vendor standards manuals include a provision requiring Suppliers to
acknowledge, accept and agree that all products supplied to us will be free of
any 3TG sourced
from mines, smelters or refiners that finance or
benefit armed groups in a Covered Country.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>g.&nbsp;&nbsp;&nbsp;&nbsp;We
encourage participation in the multi-stakeholder initiatives relating to 3TG
traceability and compliance of the following organizations, all of which we are
members of: the CFSI, American Apparel and Footwear Association; the National
Retail Federation; and the United States Fashion Industry Association. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>h.&nbsp;&nbsp;&nbsp;&nbsp;We
maintain business records relating to 3TG due diligence, including records of
our due diligence processes, findings and resulting decisions, for at least
five years. We also have instructed the Service Provider to maintain our
records in its possession for at least five years.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have a mechanism at www.macysinc.com/contact-us</i></a> that enables
internal and external stakeholders to provide comments or questions, or
register grievances, to us on various subjects, including with respect to the
sourcing of 3TG contained in our products.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Step 5 of the
OECD Guidance contemplates public reporting on supply chain due diligence. We
take the following steps in respect of Step 5 of the OECD Guidance:</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:-.25in'>a.&nbsp;&nbsp;&nbsp; We
publish a Report on Social Responsibility, which we make publicly available on
our website that discusses our position on 3TG sourcing.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:-.25in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:.5in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>b.&nbsp;&nbsp;&nbsp;
We
file a Form SD and Conflict Minerals Report with the Securities and Exchange
Commission, which we make publicly available on our website.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Reasonable
Country of Origin Inquiry Information</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>As required by
the Conflict Minerals Rule, for 2015, we conducted a &quot;reasonable country
of origin inquiry&quot; (&quot;RCOI&quot;). We designed our RCOI in good faith
to determine the origin of 3TG that are necessary to the functionality or production
of products that we contract to manufacture. Our RCOI utilized the management
systems described above.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Our outreach for
2015 included 751 Suppliers of our private-brand merchandise. We received a
response from over 86% of the Suppliers surveyed. The Suppliers identified 151 smelters
and refiners that may be in our supply chain. Based on our RCOI, we concluded
that 147 of these smelters and refiners sourced entirely from outside of the
Covered Countries, including from recycled or scrap sources. Our conclusions
concerning mineral origin are based on information from CFSI member data. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>For our 2015 RCOI,
we utilized the following processes. See &quot;Due Diligence Program Execution&quot; for
additional information concerning the processes and procedures followed by the
Service Provider on our behalf.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>a.&nbsp;&nbsp;&nbsp;&nbsp;The
Service Provider requested that the Suppliers complete a CMRT. Following the
initial introduction to the 3TG compliance program and the CMRT information
request, the Service Provider sent reminder emails to each non-responsive
Supplier requesting completion of the CMRT.&nbsp; The Service Provider contacted by
phone the Suppliers who remained non-responsive to the email reminders. When
needed, the Service Provider obtained assistance from our personnel in reaching
out to non-responsive Suppliers. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>b.&nbsp;&nbsp;&nbsp;&nbsp;The Service
Provider, in conjunction with our personnel, reviewed the completed responses
received from Suppliers. The Service Provider reviewed the responses for
plausibility, consistency and gaps as described in its procedures.&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>c.&nbsp;&nbsp;&nbsp;&nbsp;If
a Supplier was unable to provide information concerning the processors of 3TG
in its supply chain, the Service Provider requested information on the Supplier's
suppliers of products or components that may have required 3TG for their
functionality or production (the &quot;Tier 2 suppliers&quot;). The Tier 2
suppliers, and subsequent tiers of suppliers as identified to the Service
Provider, were contacted by the Service Provider and asked to complete a CMRT. &nbsp;The
Service Provider sent reminder emails to each non-responsive Tier 2 and
subsequent tiers of suppliers requesting completion of the CMRT. The Service Provider
contacted by phone those suppliers who remained non-responsive to the email
reminders.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>d.&nbsp;&nbsp;&nbsp;
If a Supplier
indicated that there is no 3TG content in the products that it supplied to us,
a senior executive of the Supplier was requested to certify to that
determination.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:.5in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
text-indent:-.25in;line-height:normal;text-autospace:none'>e.&nbsp;&nbsp;&nbsp;&nbsp;To
the extent that a completed response identified a smelter or refiner, the
Service Provider reviewed this information against the list of compliant or the
equivalent smelters and refiners published in connection with the CFSI's
Conflict-Free Smelter Program (&quot;CFSP&quot;), the London Bullion Market
Association's (&quot;LBMA&quot;) Good Delivery List and the Responsible
Jewellery Council's (&quot;RJC&quot;) Chain-of-Custody Certification.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Pursuant to the
Conflict Minerals Rule, based on the results of our RCOI, we were required to
conduct due diligence for 2015. These due diligence efforts are discussed
below.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:
none'><b>Due Diligence Program Design</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>We designed our
due diligence measures relating to 3TG in general conformance with the criteria
set forth in the Organisation for Economic Co-operation and Development's <i>Due
Diligence Guidance for Responsible Supply Chains of Minerals from
Conflict-Affected and High-Risk Areas</i>, including the Supplement on Tin,
Tantalum and Tungsten and the Supplement on Gold (Second Edition 2013) (the
&quot;OECD Guidance&quot;).</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:
none'><b>Due Diligence Program Execution</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
12.0pt;margin-left:0in;line-height:normal'>We undertook the following due diligence
measures with respect to the source and chain of custody of the 3TG that are
necessary to the functionality or production of products that we contracted to
manufacture for 2015. These were not all of the measures that we took in
furtherance of our 3TG compliance program or pursuant to the Conflict Minerals
Rule and the OECD Guidance. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>a.&nbsp;&nbsp;&nbsp;&nbsp;The
Service Provider reviewed the responses on the CMRTs received from Suppliers
for plausibility, consistency and gaps as described in its procedures. It
followed up by email or phone with Suppliers that submitted a response that triggered
specified quality control flags. Under the Service Provider's procedures,
responses that do not identify a smelter or refiner, responses that indicate a
sourcing location without supporting information, and organizations that are
identified as smelters or refiners but were not identified as such by the CFSI
trigger follow-up with either the Supplier or the smelter or refiner.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:-.25in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'>b.&nbsp;&nbsp;&nbsp;&nbsp;For
those smelters and refiners identified by a Supplier that were not listed as
compliant or the equivalent by the CFSI, LBMA or the RJC, the Service Provider
attempted to contact the smelter or refiner to gain information about its
sourcing practices and to determine the source and chain of custody of the 3TG
it processed. Internet research also was performed by it to determine whether
there were any outside sources of information regarding the smelter's or
refiner's sourcing practices.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal;text-autospace:none'><i>&nbsp;</i></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:.5in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
text-indent:-.25in;line-height:normal;text-autospace:none'>c.&nbsp;&nbsp;&nbsp;&nbsp;Our
3TG task force reported the findings of its supply chain risk assessment to our
General Counsel.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
text-indent:-.25in;line-height:normal;text-autospace:none'>d.&nbsp;&nbsp;&nbsp;&nbsp;In addition, to enhance
the effectiveness of our compliance program and mitigate the risk that the
necessary 3TG contained in our in-scope products directly or indirectly finance
or benefit armed groups in a Covered Country, we have taken the actions below
in connection with our 3TG program:</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:103.5pt;margin-bottom:.0001pt;text-indent:-31.5pt;
line-height:normal'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
educated senior management at both Macy's and Bloomingdale's, our merchants,
our international general managers, our product development personnel and
selected other internal personnel on the Conflict Minerals Rule and our
compliance plan. We did so in writing, by telephone and through in-person
meetings.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:103.5pt;margin-bottom:.0001pt;text-indent:-31.5pt;
line-height:normal'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
furnished the Suppliers with written communications discussing the Conflict
Minerals Rule, the OECD Guidance and our compliance requirements. In addition,
we made available to the Suppliers free access to the multi-industry Conflict
Minerals Resource Center site sponsored by seven industry associations and two
service providers that provides, among other things, information and web-based
training for suppliers with respect to the Conflict Minerals Rule and
compliance requirements.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:103.5pt;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:103.5pt;margin-bottom:.0001pt;text-indent:-31.5pt;
line-height:normal'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Service Provider requested from each new Supplier that is not covered by our
nominated trim supplier program a copy of that Supplier's Conflict Minerals
policy. We also reached out to Suppliers that failed to respond to our policy
request during 2014. Over 77% of the Suppliers that received such a request
from us during this reporting period complied with our request. Company
personnel reviewed the Supplier policies and encouraged Suppliers with 3TG
policies that did not include due diligence frameworks and management systems
to review the training and educational materials available to them and revise
their policies and processes to better facilitate traceability of their supply
chains and conflict free sourcing.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:1.0in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:103.5pt;margin-bottom:.0001pt;text-indent:-31.5pt;
line-height:normal'>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Service Provider requested an acknowledgment from each Supplier that it had
reviewed our vendor Conflict Minerals Policy, understood its requirements and
would comply with them. We received affirmative acknowledgment of our Conflict
Minerals Policy from 98% of the Suppliers. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:103.5pt;margin-bottom:.0001pt;text-indent:-31.5pt;
line-height:normal'>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
developed and implemented an escalation process for trim Suppliers not
responsive to or in compliance with our nominated trim supplier program. Under our risk
mitigation strategy, we take such other risk mitigation steps as we deem appropriate
based on the findings of our supply chain risk assessment.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:103.5pt;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:.5in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal'>e.&nbsp;&nbsp;&nbsp; We
do not conduct audits of smelters and refiners due to our location in the
supply chain. However, in connection with our due diligence, we utilize
information made available by the CFSI, LBMA and RJC concerning independent
third party audits of smelters and refiners. We also seek to meet Step 4 of the
OECD Guidance through our membership in the CFSI, which operates the
Conflict-Free Smelter Program.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:11.5pt;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Product
Information </b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>Our
in-scope products included:</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; apparel, that includes functional metal hardware such as
zippers and other functional trim;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
accessories, primarily consisting of handbags, shoes, belts
and jewelry; and</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:.5in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
home goods, primarily consisting of cookware and kitchen
gadgets.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>However,
not all of our products in each of these categories contained 3TG or were
otherwise in-scope for purposes of our compliance with the Conflict Minerals
Rule.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>For
a broader discussion of our products, see our Annual Report on Form 10-K for
the fiscal year ended January 30, 2016. The information contained in our Form
10-K is not incorporated by reference into this Conflict Minerals Report or our
Form SD and should not be considered part of this Conflict Minerals Report or
our Form SD.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Identified
Smelters and Refiners; Country of Origin</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>The
Suppliers identified to us 151 smelters and refiners that may have been used to
supply the 3TG contained in our in-scope products. &nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111 of the identified smelters and refiners were listed as compliant
by the CFSI. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 of the identified smelters and refiners were listed as
active by the CFSI.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:.5in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.25in;
line-height:normal'>&#149;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;According to CFSI member data, 4 of the identified smelters
and refiners may have sourced in part from mines located in a Covered Country. Each
of these 4 smelters and refiners were listed as compliant by&nbsp; the CFSI.&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>The
foregoing facilities are listed on <u>Annex 1</u>. <u>Annex 1</u> also lists
possible countries of origin of the 3TG processed by certain of the smelters
and refiners. Due to our position in the supply chain, which we discuss earlier
in this Conflict Minerals Report, we rely on our suppliers for accurate smelter
and refiner information. Our due diligence measures cannot provide absolute
certainty regarding the source and chain of custody of the necessary 3TG
contained in our 2015 in-scope products.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>The
Suppliers generally reported smelter and refiner information at a company level
(i.e., for all of their products, not just those that they sold to us).
Therefore, we were unable to conclusively determine whether any of the identified
smelters or refiners were actually in our supply chain. In addition, the
smelters and refiners identified by the Suppliers may not include all of the
smelters and refiners in our supply chain, since some Suppliers did not
identify all or part of their smelters and refiners and because not all
Suppliers responded to our inquiries. See the notes to the table in <u>Annex 1</u>
for additional information concerning the data presented in the table.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>For 2015, we
were unable to determine the origin of at least a portion of the necessary 3TG in
each of our in-scope products. None of the necessary 3TG contained in the
in-scope products were determined by us to directly or indirectly finance or
benefit armed groups in a Covered Country. However, we did not conclude that
any of our in-scope products were &quot;DRC conflict free&quot;. The terms
&quot;adjoining country,&quot; &quot;armed group&quot; and &quot;DRC conflict
free&quot; have the meanings contained in the Conflict Minerals Rule.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'>We endeavored to
determine the mine or location of origin of the necessary 3TG contained in our
in-scope products by requesting that the Suppliers provide us with a completed
CMRT and through the other measures described in this Conflict Minerals Report.
For the smelters and refiners that were identified by the Suppliers, to the
extent that the origin of their 3TG was not known to the Service Provider, it
attempted to contact the smelter or refiner and/or consulted publicly available
information to attempt to determine the mine or location of origin of the 3TG
processed by the smelter or refiner.&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:
none'><b>Future
Risk Mitigation Efforts</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:
none'>We
intend to take the following additional steps to improve our due diligence
measures and mitigate the risk that the necessary 3TG in our in-scope products
benefit armed groups:</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Continue
to enhance our nominated trim supplier program, including through training of
new merchants and Suppliers.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Continue
to require Suppliers not covered by our nominated trim supplier program to
upload copies of their 3TG policies and require such Suppliers that do not have
a 3TG policy to adopt one.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Review
Supplier 3TG policies for conformance to our requirements, including checking
to see that their policies do not provide for an embargo of the DRC region.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monitor
Supplier compliance with our nominated trim supplier program and determine
steps to implement our escalation process for Suppliers that are non-responsive
or not in compliance.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
the assistance of the Service Provider, conduct independent research on
smelters and refiners that were reported to us that are not operational or may
have been misidentified, and work directly with Suppliers to re-validate,
improve and refine their reported information.&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Continue
to engage with Suppliers that provided incomplete responses or that did not
provide responses for 2015 to help ensure that they provide requested
information for 2016.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expand
our 3TG program to include Bluemercury suppliers as appropriate. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monitor
and encourage the continuing development and progress of traceability measures
at Suppliers that indicated for 2015 that the source of 3TG was unknown or
undeterminable.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Continue
to participate in selected industry initiatives to identify smelters and
refiners in the supply chain.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:.5in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;
margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;
line-height:normal;text-autospace:none'>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Request
that our Tier 1 Suppliers continue to encourage uncertified smelters and
refiners identified in our due diligence process to participate in a program
such as the CFSP to obtain a compliant designation.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:.25in;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>All of the
foregoing steps are in addition to the steps that we took in respect of 2015,
which we intend to continue to take in respect of 2016 to the extent
applicable.</p>

<br
clear=all style='page-break-before:always'>


<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:120%'><b>ANNEX 1</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
120%'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>Capitalized terms used and not otherwise defined in this
Annex have the meanings set forth in the Conflict Minerals Report of which this
Annex is a part.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>&nbsp;</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'><b>Smelters and Refiners</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>The following facilities may have been used to process the necessary
3TG in our in-scope products.&nbsp; Please see the notes that accompany the table
for information concerning the data in the table.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse;border:none' width="706">

  <tr>
   <td width=66 valign=bottom style='width:49.5pt;border:solid windowtext 1.0pt;
   background:#C6D9F1;padding:0in 5.4pt 0in 5.4pt'>
   <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
   text-align:center;line-height:normal;text-autospace:none'><b>Conflict</b></p>
   <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
   text-align:center;line-height:normal;text-autospace:none'><b>Mineral</b></p>
   </td>
   <td valign=bottom style='border-right:1.0pt solid windowtext; border-top:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:370px;border-left:medium none;background:#C6D9F1;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
   text-align:center;line-height:normal;text-autospace:none'><b>Smelter/Refiner</b></p>
   </td>
   <td valign=top style='border-right:1.0pt solid windowtext; border-top:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:132px;border-left:medium none;background:#C6D9F1;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
   text-align:center;line-height:normal'><b>Smelter Country Location</b></p>
   </td>
   <td valign=top style='border-right:1.0pt solid windowtext; border-top:1.0pt solid windowtext; border-bottom:1.0pt solid windowtext; width:77px;border-left:medium none;background:#C6D9F1;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
   <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
   text-align:center;line-height:normal'><b>Compliance Status</b></p>
   </td>
  </tr>

 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Aida
  Chemical Industries Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Argor-Heraeus
  SA</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Switzerland</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Asahi
  Pretec Corporation</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Asahi
  Refining Canada Limited</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Canada</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Asahi
  Refining USA Inc.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  States</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Asaka
  Riken Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Aurubis
  AG</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Germany</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Bangko
  Sentral ng Pilipinas (Central Bank of the Philippines)</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Philippines</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Boliden
  AB</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Sweden</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>C.
  Hafner GmbH + Co. KG</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Germany</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>CCR
  Refinery &#150; Glencore Canada Corporation</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Canada</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Chimet
  S.p.A.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Italy</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>DODUCO
  GmbH</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Germany</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Dowa</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Eco-System
  Recycling Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Elemental
  Refining, LLC</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  States</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Emirates
  Gold DMCC</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  Arab Emirates</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Heimerle
  + Meule GmbH</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Germany</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Heraeus
  Ltd. Hong Kong</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Heraeus
  Precious Metals GmbH &amp; Co. KG</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Germany</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Inner
  Mongolia Qiankun Gold and Silver Refinery Share Company Limited</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Ishifuku
  Metal Industry Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Istanbul
  Gold Refinery</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Turkey</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan
  Mint</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Jiangxi
  Copper Company Limited</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>JSC
  Ekaterinburg Non-Ferrous Metal Processing Plant</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Russia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>JSC
  Uralelectromed</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Russia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>JX
  Nippon Mining &amp; Metals Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Kazzinc</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Kazakhstan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Kennecott
  Utah Copper LLC</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  States</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Kojima
  Chemicals Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>LS-NIKKO
  Copper Inc.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>South
  Korea</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Materion</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  States</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Matsuda
  Sangyo Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Metalor
  Technologies (Hong Kong) Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Metalor
  Technologies (Singapore) Pte., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Singapore</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Metalor
  Technologies SA</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Switzerland</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Metalor
  USA Refining Corporation</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  States</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr style='height:12.1pt'>
  <td width=66 valign=bottom style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=bottom style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  height:12.1pt; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>METAL&#218;RGICA
  MET-MEX PE&#209;OLES, S.A. DE C.V.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  height:12.1pt; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Mexico</p>
  </td>
  <td valign=bottom style='width:77px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  height:12.1pt; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Mitsubishi
  Materials Corporation</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Mitsui
  Mining &amp; Smelting</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Moscow
  Special Alloys Processing Plant</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Russia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Nadir
  Metal Rafineri San. Ve Tic. A.&#350;.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Turkey</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Nihon
  Material Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Ohura
  Precious Metal Industry Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>OJSC &quot;The Gulidov Krasnoyarsk Non-Ferrous Metals Plant&quot; (OJSC Krastsvetmet)</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Russia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>OJSC
  Novosibirsk Refinery</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Russia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PAMP
  SA</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Switzerland</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Prioksky
  Plant of Non-Ferrous Metals</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Russia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Aneka Tambang (Persero) Tbk</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PX
  Pr&#233;cinox SA</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Switzerland</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Rand
  Refinery (Pty) Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>South
  Africa</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Republic
  Metals Corporation</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  States</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Royal
  Canadian Mint</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Canada</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Sch&#246;ne
  Edelmetaal B.V.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Netherlands</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>SEMPSA
  Joyer&#237;a Plater&#237;a SA</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Spain</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Shandong
  Zhaojin Gold &amp; Silver Refinery Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Sichuan
  Tianze Precious Metals Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>SOE
  Shyolkovsky Factory of Secondary Precious Metals</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Russia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Solar
  Applied Materials Technology Corp.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Taiwan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Sumitomo
  Metal Mining Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tanaka
  Kikinzoku Kogyo K.K.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>The
  Refinery of Shandong Gold Mining Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tokuriki
  Honten Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Umicore
  Brasil Ltda.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Brazil</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Umicore
  Precious Metals Thailand</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Thailand</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Umicore
  SA Business Unit Precious Metals Refining</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Belgium</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Valcambi
  SA</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Switzerland</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Western
  Australian Mint trading as The Perth Mint</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Australia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Yamamoto
  Precious Metal Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Yokohama
  Metal Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Zhongyuan
  Gold Smelter of Zhongjin Gold Corporation</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Zijin
  Mining Group Co., Ltd. Gold Refinery</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Advanced
  Chemical Company</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  States</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Cendres
  + M&#233;taux SA</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Switzerland</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Daejin
  Indus Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Korea</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>DSC
  (Do Sung Corporation)</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Korea</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Faggi
  Enrico S.p.A.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Italy</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Navoi
  Mining and Metallurgical Combinat</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Uzbekistan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Torecom</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Korea</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Atasay
  Kuyumculuk Sanayi Ve Ticaret A.S.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Turkey</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Caridad</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Mexico</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Chugai
  Mining</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Daye
  Non-Ferrous Metals Mining Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gansu
  Seemine Material Hi-Tech Co Ltd</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Guangdong
  Jinding Gold Limited</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Hangzhou
  Fuchunjiang Smelting Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Hunan
  Chenzhou Mining Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Hwasung
  CJ Co. Ltd</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Korea</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Kaloti
  Precious Metals</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  Arab Emirates</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Korea
  Metal Co. Ltd</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Korea</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Kyrgyzaltyn
  JSC</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Kyrgyzstan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>L'azurde
  Company for Jewelry</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Saudi
  Arabia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Lingbao
  Jinuan Tonghui Refinery Co. Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Luo
  yang Zijin Yinhui Metal Smelt Co Ltd</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Morris
  and Watson</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>New
  Zealand</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Penglai
  Penggang Gold Industry Co Ltd</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Sabin
  Metal Corp.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Czech
  Republic</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>SAMWON
  METALS Corp.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Korea</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>So
  Accurate Group, Inc.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  States</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>The
  Great Wall Gold and Silver Refinery of China</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>TongLing
  Nonferrous Metals Group Holdings Co., Ltd</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gold</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Yunnan
  Copper Industry Co Ltd</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Alpha</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>United
  States</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China
  Tin Group Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Cooperativa
  Metalurgica de Rond&#527;nia Ltda.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Brazil</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>CV
  Serumpun Sebalai</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>CV
  United Smelting</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>EM
  Vinto</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Bolivia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Fenix
  Metals</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Poland</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gejiu
  Non-Ferrous Metal Processing Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Jiangxi
  Ketai Advanced Material Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Magnu's
  Minerais Metais e Ligas Ltda.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Brazil</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Malaysia
  Smelting Corporation (MSC)</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Malaysia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Melt
  Metais e Ligas S/A</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Brazil</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Metallo-Chimique
  N.V.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Belgium</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Minsur</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Peru</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Mitsubishi
  Materials Corporation</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>O.M.
  Manufacturing (Thailand) Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Thailand</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Operaciones
  Metalurgical S.A.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Bolivia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Artha Cipta Langgeng</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Babel Inti Perkasa</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Bamgka Tin Industry</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Belitung Industri Sejahtera</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Bukit Timah</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  DS Jaya Abadi</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Eunindo Usaha Mandiri</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Mitra Stania Prima</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Prima Timah Utama</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Refined Bangka Tin</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Sariwiguna Binasentosa</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Stanindo Inti Perkasa</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Timah (Persero) Tbk Kundur</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Timah (Persero) Tbk Mentok</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Tinindo Inter Nusa</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Rui
  Da Hung</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Taiwan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Soft
  Metals Ltda.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Brazil</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Thaisarco</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Thailand</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>White
  Solder Metalurgia e Minera&#231;&#227;o Ltda.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Brazil</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Yunnan
  Tin Group (Holding) Company Limited</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gejiu
  Kai Meng Industry and Trade LLC</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>PT
  Karimun Mining</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Indonesia</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Yunnan
  Chengfeng Non-ferrous Metals Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Active</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Chenzhou
  Yunxiang Mining and Metallurgy Company Limited</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>CNMC
  (Guangxi) PGMA Co. Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Dowa</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Japan</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Estanho
  de Rond&#527;nia S.A.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Brazil</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Gejiu
  Zi-Li</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Huichang
  Jinshunda Tin Co. Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Linwu
  Xianggui Smelter Co</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Minera&#231;&#227;o
  Taboca S.A.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Brazil</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tin</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Nankang
  Nanshan Tin Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Known</p>
  </td>
 </tr>
 <tr>
  <td width=66 valign=top style='width:49.5pt;border:solid windowtext 1.0pt;
  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Tungsten</p>
  </td>
  <td valign=top style='width:370px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Ganzhou
  Huaxing Tungsten Products Co., Ltd.</p>
  </td>
  <td valign=top style='width:132px;border-top:medium none;border-left:
  medium none;border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>China</p>
  </td>
  <td valign=top style='width:77px;border-top:medium none;border-left:medium none;
  border-bottom:1.0pt solid windowtext;border-right:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;line-height:
  normal'>Compliant</p>
  </td>
 </tr>
</table>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:.25in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:.25in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;
text-autospace:none'>We
note the following in connection with the information contained in the
foregoing table:</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:.25in;margin-bottom:.0001pt;text-indent:-.25in;line-height:normal;
text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
text-indent:-.25in;line-height:normal;text-autospace:none'>a.&nbsp;&nbsp;&nbsp;&nbsp;The table only
includes entities that were listed as smelters or refiners by the CFSI, the U.S.
Department of Commerce, the LBMA or the RJC.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>b.&nbsp;&nbsp;&nbsp;&nbsp;Smelter and
refiner status information in the table is as of April 9, 2016 and is based
solely on information made publicly available by the CFSI, LBMA or the RJC,
without independent verification by us.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>c.&nbsp;&nbsp;&nbsp;&nbsp;&quot;Compliant&quot;
means that a smelter or refiner is listed as compliant with the CFSP's
assessment protocols, including through mutual recognition, and those listed as
&quot;Re-audit in process&quot; by the CFSI.&nbsp; Included smelters and refiners
were not necessarily Compliant for all or part of 2015 and may not continue to
be Compliant for any future period. We do not have information on the origin of
the Conflict Minerals processed by any of the Compliant smelters and refiners
prior to their respective compliance dates.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-indent:-.25in;line-height:normal'>d.&nbsp;&nbsp;&nbsp;&nbsp;&quot;Active&quot; means
that the smelter or refiner is listed by the CFSI as having submitted a signed
Agreement for the Exchange of Confidential Information and Auditee Agreement
contracts to the CFSP or, according to information published by the CFSI, the
smelter has agreed to complete a CFSP validation audit within two years of
membership issuance by the Tungsten Industry &#150; Conflict Minerals Council.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;text-indent:-.25in;line-height:normal;text-autospace:none'>e.&nbsp;&nbsp;&nbsp;&nbsp;&quot;Known&quot;
means that a smelter or refiner is listed on the CFSI CMRT Smelter Reference
List Names tab or the Commerce Department list, but is not listed as
&quot;Compliant&quot; or &quot;Active&quot;.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:
..0001pt;line-height:normal;text-autospace:none'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:.5in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0in;margin-bottom:.0001pt;
text-indent:-.25in;line-height:normal;text-autospace:none'>f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&quot;Smelter
Country Location&quot; is the country in which the smelter or refiner is located.
Country location is based solely on information made publicly available by the CFSI, without independent verification by us.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:12.0pt;margin-right:0in;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal'><b>Country
of Origin</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal'>The
countries of origin of the 3TG processed by the Compliant smelters and refiners
listed above may have included countries in each of the categories listed
below. The listed countries of origin are derived from information made
available by the CFSI to its members. Except for the DRC, the CFSI does not
indicate individual countries of origin of the 3TG processed by Compliant
smelters and refiners. Instead, the CFSI indicates country of origin by
category. In addition, for some of the listed Compliant smelters and refiners, origin
information is not disclosed. The countries below are sorted by risk level.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal'>L1
&#150; Countries that are not identified as conflict regions or plausible areas of
smuggling or export of 3TG from these regions: Argentina, Australia, Austria,
Belgium, Bolivia, Brazil, Cambodia, Canada, Chile, China, Colombia, Cote
d'Ivoire, Czech Republic, Djibouti, Ecuador, Egypt, Estonia, Ethiopia, France,
Germany, Guyana, Hungary, India, Indonesia, Ireland, Israel, Japan, Kazakhstan,
Laos, Luxembourg, Madagascar, Malaysia, Mongolia, Myanmar, Namibia,
Netherlands, Nigeria, Peru, Portugal, Russia, Sierra Leone, Singapore,
Slovakia, South Korea, Spain, Suriname, Switzerland, Taiwan, Thailand, United
Kingdom, United States, Vietnam and Zimbabwe. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal'>L2
&#150; Countries that are known or plausible countries for smuggling, export out of
region or transit of materials containing 3TG: Kenya, Mozambique and South
Africa. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal'>L3
&#150; The DRC and its nine adjoining countries: Angola, Burundi, Central African
Republic, Republic of Congo, Rwanda, South Sudan, Uganda, United Republic of
Tanzania and Zambia. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal'>DRC
&#150; The Democratic Republic of the Congo. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal'>In
addition, some of the Compliant smelters and refiners may have processed 3TG
originating in whole or in part from recycled or scrap sources.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt;line-height:normal'>For
2015, we were not able to determine the country of origin of the 3TG processed
by any of the smelters or refiners listed as &quot;Active&quot; or &quot;Known&quot;.</p>

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