Amber Capital

Amber Capital as of Dec. 31, 2010

Portfolio Holdings for Amber Capital

Amber Capital holds 14 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares MSCI Brazil Index (EWZ) 40.2 $252M 3.3M 77.40
SPDR Gold Trust (GLD) 28.4 $178M 1.3M 138.72
Gran Tierra Energy 7.6 $47M 5.8M 8.11
Sara Lee 5.7 $36M 2.0M 17.51
Colgate-Palmolive Company (CL) 3.7 $23M 288k 80.37
Nortel Inversora 2.7 $17M 557k 29.90
Citi 2.5 $15M 3.3M 4.73
Barrick Gold Corp (GOLD) 2.1 $13M 250k 53.18
Agnico (AEM) 1.7 $11M 140k 76.70
Eldorado Gold Corp 1.3 $8.4M 450k 18.57
Petrobras Energia Participaciones SA 1.3 $8.2M 313k 26.38
Compania de Minas Buenaventura SA (BVN) 0.9 $5.9M 120k 48.96
Novagold Resources Inc Cad (NG) 0.9 $5.7M 400k 14.27
BBVA Banco Frances 0.9 $5.6M 486k 11.60