MSC SHAREHOLDERS AGREEMENT Entered into as of September 25, 2006 among APEX SILVER MINES SWEDEN AB, APEX LUXEMBOURG S.À R.L., GOTLEX LAGERAKTIEBOLAG nr 451 (organization number 556702-1083), and MINERA SAN CRISTÓBAL, S.A.MSC Shareholders Agreement • November 9th, 2006 • Apex Silver Mines LTD • Gold and silver ores • New York
Contract Type FiledNovember 9th, 2006 Company Industry JurisdictionAPEX SILVER MINES SWEDEN AB, a privat aktiebolag duly organized and validly existing under the Laws of the Kingdom of Sweden (“Apex Sweden”), with its registered office at c/o Accurate Accounting AB, Drakegatan 7, SE-412 50 Göteborg, Sweden;