Member Info for SHAREALISTIC

Rang the Administraters this morning and had a brief chat with them regarding the current events. I received a email shortly after. It is totally unfair that shareholders would be treated at the bottom of the list of priorities. Hugh amounts have been invested in this company and the guys who have stole peoples hard earned cash need to have respect and return back what was invested. This is total fraud at the highest level. Afren Plc – in Administration (the Company) I can confirm that Simon Appell, Daniel Imison and Catherine Williamson were appointed Administrators of the Company on 31 July 2015. The Administrators are licensed Insolvency Practitioners and are licensed in the UK by the Insolvency Practitioners Association. The Administrators are currently formulating their strategy for the Administration and further details will be provided in the Administrators’ Report and Statement of Proposals, which will provide a detailed assessment of the Administration strategy together with details of the anticipated outcome to each class of creditor. This report will be issued in due course and in any event within eight weeks of the Administrators’ appointment. As a shareholder of the Company you will be entitled to receive a copy of this report. As you may be aware, the order of distribution of realisations of an insolvent estate are as follows: - Creditors secured by a fixed charge - Expenses of the insolvency proceedings - Preferential creditors (primarily amounts due to employees) - Unsecured creditors from floating charge realisations up to a maximum of £600,000 (if the company’s net property is £10,000 or more) - Creditors secured by a floating charge - Unsecured creditors - If creditors are paid in full, statutory interest on both preferential and non-preferential claims - Non-provable liabilities (if any) - Shareholders Please be advised that, based on current information, the Administrators do not anticipate that there will be any funds available for distribution to the shareholders in this case.