Expected Timetable of Open Offer

2016

Record Date for the Open Offer

close of business on 6 July

Announcement of the Proposals, publication and posting of this document and posting of the Application Form to Qualifying Shareholders

7 July

Ex-entitlement date for the Open Offer

8.00am on 8 July

Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to stock accounts in CREST of Qualifying CREST shareholders

8 July

Recommended latest time for requesting withdrawal of Open Offer Entitlements from CREST

11.00am on 18 July

Latest time for depositing Open Offer Entitlements in CREST

4.30pm on 19 July

Latest time and date for splitting of Application Forms (to satisfy bona fide market claims only)

3.00pm on 20 July

Latest time and date for completion of completed Application Forms and payment in full under the Open Offer or settlement of relevant CREST instruction

11.00am on 22 July

Last time and date for receipt of CREST Voting Intentions

11.00am on 23 July

Latest time and date for receipt of Forms of Proxy

11.00am on 23 July

Time and date for the General Meeting

11.00am on 25 July

Last day of dealings in the Existing Ordinary Shares

25 July

Record Time and date for the Share Consolidation

5.00 p.m. on 25 July

Admission, completion of the Proposals and commencement of dealings of the Enlarged Ordinary Share Capital on AIM

8.00 a.m. on 26 July

CREST accounts expected to be credited with New Ordinary Shares

8.00 a.m. on 26 July

Despatch of definitive share certificates in respect of New Ordinary Shares

week commencing 1 August