PIs should be aware 12 Dec 2013 09:00
of the following paragraph taken from the scheme document.
Xenetic Shareholders should, however, be aware that the deposit of their GSL Consideration Shares into their
existing trading accounts within the UK or outside may be limited due to the internal rules of operations of the
shareholder’s chosen broker-dealer or its clearing firm. It is not uncommon for some broker-dealers and/or their
clearing firms to require, among other things, the following items to effectuate the deposit of newly issued OTCBB
and OTCQB shares: (1) substantial information on the transaction in which the shareholder received the shares;
and/or (2) a legal opinion related to the shares. Moreover, some firms may even outright refuse to accept the deposit
of newly issued OTCBB and OTCQB shares, among other limitations, due to such internal rules. As a result, neither
GSL, nor Xenetic, can assure any shareholder that they will be able to deposit their GSL Consideration Shares in
their existing brokerage accounts or that they will not be required to provide additional information or
documentation, not otherwise provided by either company with stock certificates. Consequently, shareholders may
be required to set up a new trading account with a different broker-dealer or otherwise find themselves subject to
delays and other issues in the deposit of their GSL Consideration Shares. The deposit of the GSL Consideration
Shares will be the responsibility of the recipient shareholder.