The information below is being disclosed for the purposes of AIM Rule 26 and was last updated on 3 May 2013.

• Read about our Description of business here
• Read about our Board and Senior Management here
• Read about our Directors' responsibilities and Committees - Governance here
• Investing Policy

The Company's investment objective and policy is to seek realisation of its portfolio of investments in the ordinary course of business and, subject to retaining sufficient cash to meet operating costs and liabilities, to return the net proceeds of all such realisations to Shareholders on a periodic basis, following which the Company will be wound-up. The Company will make no new investments except follow on investments required to protect the interests of the Company.

• Country of incorporation

The Company was incorporated on 21st of December, 2007 with limited liability as an exempted company under the Companies Law (2000 Revision) of the Cayman Islands and commenced trading on 25th February, 2008.

• Main country of operation

The company is a globally active value investor, main country of operation is the UK.

• Details of any other exchanges or trading platforms

The Company is listed on the Channel Islands Stock Exchange (CISX).

• Shares not in Public hands

66.32% of the AIM securities in issue are not in public hands.

• Where the AIM company is not incorporated in the UK, a statement that the rights of shareholders may be different from the rights of shareholders in a UK incorporated company

As the Company is not incorporated in the UK the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.

• Details of any restrictions on the transfer of the AIM securities

No restrictions on the transfer of AIM securities, other than prohibitions on transfers to minors, bankrupts and persons of unsound mind (Article 40.3).

• Most recent Annual Report (Rule 19)
• Most recent Unaudited Interim Report (Rule 18)
• All notifications the AIM company has made in the past 12 months
• Shareholder Circulars

Will be posted as/when issued

• Current constitutional documents
• AIM Admission Document
• CISX Admission Document
• Advisers
• AGM Notice

Number of Shares in Issue

30,522,669 shs

Shares not in Public Hands

66.32% of the AIM securities in issue are not in public hands.

Significant Shareholders

Directors Interests