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ADVISER RANKINGS – CORPORATE ADVISERS RANKINGS GUIDE MAY 2020 | Q2 | ISSUE 30

All rights reserved. No part of this publication may be reproduced or transmitted The Corporate Advisers Rankings Guide is available to UK subscribers at £180 per in any form or by any means (including photocopying or recording) without the annum for four updated editions, including postage and packaging. A PDF version written permission of the copyright holder except in accordance with the provision is also available at £360 + VAT. of copyright Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency, Barnard’s Inn, 86 Fetter Lane, London, EC4A To appear in the Rankings Guide or for subscription details, please contact us 1EN. The written permission of the copyright holder must also be obtained before directly on 01732 742743 or 07910 818810. any part of this publication is stored in a retrieval system of any nature. Applications for the copyright holder’s written permission to reproduce, transmit or store in a retrieval system any part of this publication should be addressed to the publisher. Published quarterly by Adviser Rankings Ltd.

The statistical and financial information in this publication has been compiled by Address 9 Oakhill Road, Sevenoaks, Kent, TN13 1NW Adviser Rankings on the basis of factual information and does not constitute any Telephone +44 (0)1732 742743 investment advertisement or investment advice. Email [email protected] Website www.adviser-rankings.com The information contained in this publication has been compiled from sources believed to be reliable, but no warranty, expressed or implied, is given that the Publisher Andrew Parson information is complete or accurate nor that it is fit for a particular purpose. All Corporate Research Manager Kerry Oldfield such warranties are expressly disclaimed and excluded. Research & Production Manager Steve Smith Editorial Mark Robinson FTSE Indices and Sectors source: FTSE Russell. Contents

2 Editorial INTRODUCTION 3 Foreword 4 Methodology

5 Auditors Editorial 6 Total Stock Market Client rankings AUDITORS 11 FTSE 100 rankings by number and market cap of clients 13 FTSE 250 rankings by number and market cap of clients 14 Small Cap / Fledgling rankings by number and market cap of clients 15 AIM rankings by number and market cap of clients 23 Sector Rankings

29 Financial Advisers Editorial 30 Total Stock Market Client rankings FINANCIAL ADVISERS 33 FTSE 100 rankings by number and market cap of clients 35 FTSE 250 rankings by number and market cap of clients 37 Small Cap / Fledgling rankings by number and market cap of clients 39 AIM rankings by number and market cap of clients 47 Sector Rankings

53 Financial PR Advisers Editorial 54 Total Stock Market Client rankings FINANCIAL PR ADVISERS 58 FTSE 100 rankings by number and market cap of clients 59 FTSE 250 rankings by number and market cap of clients 61 Small Cap / Fledgling rankings by number and market cap of clients 63 AIM rankings by number and market cap of clients 65 Sector Rankings

77 Law Firms Editorial LAW FIRMS 78 Total Stock Market Client rankings 86 FTSE 100 rankings by number and market cap of clients 88 FTSE 250 rankings by number and market cap of clients 90 Small Cap / Fledgling rankings by number and market cap of clients 93 AIM rankings by number and market cap of clients 97 Sector Rankings 106 Offshore rankings, by number and market cap of clients

109 Registrars Editorial 110 Total Stock Market Client rankings REGISTRARS 113 FTSE 100 rankings by number and market cap of clients 113 FTSE 250 rankings by number and market cap of clients 114 Small Cap / Fledgling rankings by number and market cap of clients 115 AIM rankings by number and market cap of clients

119 Stockbrokers Editorial 120 Total Stock Market Client rankings STOCKBROKERS 126 FTSE 100 rankings by number and market cap of clients 128 FTSE 250 rankings by number and market cap of clients 130 Small Cap / Fledgling rankings by number and market cap of clients 132 AIM rankings by number and market cap of clients 136 Sector Rankings

Corporate Advisers Rankings Guide Editorial

ith any luck, by the time we review the next all-market An M&A deal, like any other corporate action, needs to be rankings, a semblance of normality may have returned to efficiently communicated to market, hence the opportunity for Wpublic life in the UK. Infection rates in London - seen as PR agencies. FTI Consulting has been joined by Finsbury in a the epicentre of the domestic outbreak - have been falling steadily share of second place in the FTSE 100 rankings, though it was the and from the beginning of June we are likely to witness a step-up market sectors, rather than the indices rankings, which provided in high street activity. much of the activity through the quarter. Walbrook PR has taken The extent to which regular commercial activity will be restored the lead from FTI Consulting in the Health Care sector, while MHP is difficult to predict because of the course of the virus. It is difficult Communications now holds pole position with FTI Consulting in to gauge whether near-term challenges will give way to long- the Industrials rankings. Buchanan added Bidstack Group to its term effects. We will almost certainly witness another spike in the client roster, leaving the consultancy in a four-way tie for third place unemployment rate once the government’s furlough schemes in the Consumer Discretionary & Consumer Staples client rankings. are pulled. Those looking to re-enter to the workforce will find All change in the stockbroker rankings. Peel Hunt changed significantly fewer opportunities. Figures from The Office for places with Numis Securities to take the silver medal in the Health National Statistics (ONS) show that online job vacancies more than Care rankings. However, the stockbroker could not make up any halved from March through to May. ground on sector frontrunner finnCap. J.P.Morgan Cazenove has The turmoil in capital markets we have witnessed prefigure replaced Investec at the head of the Industrials table. Investec has recessionary pressures in the real economy. A sharp fall in aggregate been forced to settle for joint second place with Numis Securities. demand is a given, but its duration is not set in stone. But even if Numis Securities has replaced J.P.Morgan Cazenove at the head the economy rebounds strongly, an unlikely V-shaped recovery, the of the Financials & Real Estate rankings, after the latter stockbroker hiatus in normal commercial activity has served to illustrate how shed a few clients. There is now a three-way tie for third in the many companies are woefully undercapitalised or over-leveraged. Energy sector involving Canaccord Genuity, Peel Hunt and Shore Those which have not gone to the wall could emerge as viable Capital Stockbrokers. J.P.Morgan Cazenove is up into third place M&A targets, particularly as market valuations have been slashed in Consumer Discretionary & Consumer Staples after it secured a by comparison to last year’s highs. We have already seen a step-up handful of mandates. in activity from activist investors and private equity prior to this Initial public offerings (IPOs), already down on their historical year. Though a correlation exists between the level of risk appetite average, virtually dried-up once the pandemic took hold. That is and M&A activity, with many deals either pulled or put on ice since particularly bad news for the financial advisers due to their centrality March, it may not be too long before vulnerable companies, both in the listing process. Rothschild & Co has secured outright second public and private, will be caught in the crosshairs. in the FTSE 100 client rankings at the expense of Bank of America The trouble is in the pricing of risk assets – when is a bargain Securities and Morgan Stanley & Co. The iconic investment not a bargain? The volatility in markets and the widespread sell- house has also taken the outright lead in the Small-Cap/Fledgling off triggered by Covid-19 came on the heels of record highs in rankings. Jefferies Hoare Govett moved alongside Barclays on the benchmark indices. Buyers may find it hard to bridge the gap FTSE 250 table. SP Angel has stretched its lead over industry peers between pre-pandemic valuations and where they are today. in the Basic Materials sector, as Shore Capital & Corporate was on Nevertheless, we are transitioning towards an M&A market which the rise in Financials & Real Estate. favours buyers, particularly those with robust capital positions. Audit reform seems to have been put on the back burner for the Risk management policies will change permanently in the wake moment, as companies scramble to tailor their statutory reports to of the pandemic. Those companies engaged in M&A activity will take account of the potential impact of the virus, or, specifically, our need to take account of specific risk factors relating to the virus reaction to it. Our auditor rankings saw debuts for PKF Francis Clark, as part of any due diligence process, with greater emphasis on Adler Shine and Price Bailey. BDO turned in the most impressive Material Adverse Change (MAC) clauses in transaction documents. performance through the quarter, regardless of the unfavourable Buyers will also need to take greater account of a given target’s main circumstances. The auditor registered multiple gains through the commercial contracts to determine if it can readily invoke force period, enabling it to supplant KPMG in second place in the table majeure clauses. behind PricewaterhouseCoopers (PwC). This is the first time that Increased complexity in any area of business is favourable to the a Big Four firm has not held second place by the total number of UK advisory complex, so the evolution of M&A processes following clients. Deloitte netted a FTSE 250 trifecta through the period, the pandemic should present new opportunities across the board, which moved the adviser into a share of second place with KPMG. A even as others diminish. new mandate from Rio Tinto meant that KPMG has drawn level with Lawyers should certainly be able to derive some benefit from PwC in joint second place in Basic Materials. Multiple gains moved a tightened due diligence regime, particularly those with a ‘full BDO on to the podium in the Industrials sector at the expense of service’ offering such as Slaughter and May, which increased Deloitte, even though the latter adviser registered three new clients its numeric advantage in the FTSE 100 law firm rankings, though of its own. Saffery Champness was again on the rise in the sector. Linklaters leads the way by the representative worth of its top-tier A new mandate from WANdisco enabled BDO to take the lead in constituents. Stephenson Harwood is nestled alongside Herbert the Technology rankings at the expense of KPMG, as Crowe was Smith Freehills in second place in the Small-Cap/Fledgling rankings, heading up through the mid-table positions. while a single client win has moved Fieldfisher into the silver medal position in the AIM rankings. Both Druces and Fladgate were on the rise in Basic Materials. The sector was noteworthy for the number of unranked law firms which pulled in new clients over the quarter. This included the likes of Mourant, Kerman & Co and Howard Kennedy. Meanwhile, Pinsent Masons has pulled alongside Covington & Mark Robinson Burling at the head of the Health Care rankings. Companies Editor – Investors Chronicle

2 Corporate Advisers Rankings Guide What is the ‘new normal’?

last wrote to you from a pre COVID-19 landscape with a sense of we are all saving time on our daily commute and that we are able optimism for the year ahead. As we all know, the world has been to avoid the numerous distractions that office life usually brings. I turned upside down by the rapid and tragic spread of the virus Suddenly, we are in charge of our daily diary and can manage our since then and we are now all emerging from the lockdown and time more efficiently. As always, improved efficiency must be a wondering what the ‘new normal’ holds in store for us. good thing. As readers of this guide, you will likely be categorised as ‘white- All of the above will continue to evolve and change as we emerge collar city workers’, irrespective of profession or location. Your day- from lockdown and start making our way through to the end of to-day work habits have involved a commute to your office and the year. Personally, I doubt that we will have returned to anywhere regular interactions with clients and colleagues. In more recent near ‘normal’ by then and so the lessons we have learned during years, agile and flexible working for individuals has been brought lockdown should be embraced and form the basis of how we work into the mix, along with scalable office facilities for companies. At in the future. the start of the year, the old adage of 70 desks per 100 employees Turning now to the markets. During the three-month period was being tested. ended 30 April 2020, AIM saw a mere five new issues raising As we are now starting to emerge from lockdown, thoughts are £56 million. Surprisingly, both of these figures are broadly turning to our office spaces, travel and working practices within the comparable to 2019 and for those us working in this market, this is ‘new normal’. Popular consensus from facilities managers suggests a reminder of how difficult a year 2019 was. Secondary issues fared that the post COVID-19 ratio will be more along the lines of 30 desks much better with £1.3 billion raised, a figure which is only 20% per 100 employees. Remote working is now a proven concept as a down on 2019. Taking into account the 16 cancellations during the direct consequence of the lockdown and, for city-based tenants, quarter, AIM now stands at 840 issuers, its lowest since 2003. As the question as to how much office space is actually required is can be expected given the turbulent sell-off of equities during the now high on the agenda. Obviously, less office space equates to period, the aggregate market capitalisation of all AIM companies less rent and rates which always helps cashflow. fell 15% from its year end position of £104 billon to £88 billion. As Similarly, the rise of video conferencing during the lockdown has at 30 April 2020, 15 companies had a market capitalisation of over demonstrated that not all meetings need to be conducted face-to- £1 billion, with Boohoo Group retaining its position at the top of the face. As an extreme example, the historical IPO roadshow format tree at £3.77 billion. It is difficult to draw meaningful conclusions involved presenting to potential investors from across 15 countries from the data given the underlying conditions but, in the round, in 15 days. Lockdown IPOs in the US have all been conducted by AIM appears to be faring reasonably well in difficult circumstances. video conference and the vast majority have met their targets. The Main Market fared marginally better than AIM, with 12 This has led to a scratching of heads and the question “why did we new admissions and 19 cancellations, resulting in a net loss of use to do that?” Obviously, there is no substitute for face-to-face seven companies during the quarter. As at 30 April 2020, there meetings in certain circumstances and there will always be a need were 1,131 issuers on the exchange. New monies raised totalled for them, but their frequency has been challenged successfully. £412 million which, when added to secondary issues of £3.9 billion, Again, fewer face-to-face meetings results in less travel, which resulted in total funds raised of £4.3 billion. As at 30 April 2020, the always helps cashflow. aggregate market capitalisation of all Main Market companies was Lockdown conversations with my ‘white-collar city workers’ have £3.0 trillion, with 320 companies having a market capitalisation of often disclosed the fact that we have been more efficient in our over £1 billion. work than we were historically. This is largely due to the fact that I wish all of you and your families a safe and healthy quarter.

Paul Blythe Head of Capital Markets Crowe [email protected] T: +44 (0)20 7842 7231

Corporate Advisers Rankings Guide 3 Methodology

The Corporate Advisers Rankings Guide is published each quarter UK FTSE Indices by Adviser Rankings Ltd. and contains details of institutional FTSE 100 – The index is comprised of the largest 100 stocks listed advisers and their quoted clients. These companies are drawn from on the London Stock Exchange in terms of market capitalisation, UK, Irish, Channel Island and overseas domiciled companies with and represents approximately 81% of the total market by definition. equity shares fully listed on the London Stock Exchange, together with UK and international companies with equity shares listed on FTSE 250 – This index is comprised of the next 250 stocks listed AIM. on the London Stock Exchange in terms of market capitalisation – this currently represents approximately 15% of UK market The Guide shows the much publicised rankings tables for Auditors, capitalisation. Financial Advisers, Financial PR Advisers, Law Firms, Registrars and Stockbrokers, based upon their client numbers and their client FTSE SMALL CAP – This is comprised of companies with a market market capitalisation across the main FTSE indices. Advisers are capitalisation below the FTSE 250, but above a fixed limit – this also ranked according to their number of clients in the eight main currently represents approximately 2% of UK market capitalisation. FTSE sectors. All published rankings and statistics are compiled by FTSE FLEDGLING – This index consists of all UK companies Adviser Rankings Ltd from their Database, and the cut-off date for which qualify for inclusion in UK Index Series but are the current issue was 13 May 2020. too small to be included in the FTSE All-Share Index. The information from the Adviser Rankings Database, relating to Companies whose full market capitalisation is greater institutional advisers, is updated using primary sources. Company than 0.2% of the full market capitalisation of the FTSE Small Cap news releases to the London Stock Exchange are constantly will be added to that index, providing they meet the liquidity monitored, along with statutory reports and press comment. criteria for the FTSE All-Share Index. Advisers regularly inform Adviser Rankings Ltd of any client AIM – This was established in 1995 to cater for new and growing changes and, in addition, a regular proof letter is sent to each businesses seeking the benefits of a public quotation with a flexible adviser requesting an update of their quoted client information. regulatory approach. It has since become the most successful It is important to note that whenever a request is received from an growth market of its type in the world. adviser to add a client to their list, the relevant company is always SECTORS – Client companies are grouped into seven main sectors: contacted to approve the request. This methodology is consistently Basic Materials, Consumer Discretionary & Consumer Staples, applied, and ensures that the quoted companies themselves Energy, Financials & Real Estate, Health Care, Industrials and ultimately determine which advisers are linked to their record. No Technology. The Telecommunications and Utilities sectors have relationship is listed unless it has been approved by both the client very few companies and we therefore do not rank Advisers in these and the adviser. two sectors as the meaningful value is limited. For ranking scores in relation to the tables, a single point is awarded Please note for clarification, that when a client is mentioned as to reflect a confirmed client relationship, regardless of whether it is being lost within one of the editorial pieces, the term ‘’lost’’ can a sole or joint appointment. Please note that a “(J)” after a client mean one of the following: A client has moved to another Adviser, name denotes a joint appointment with another adviser. it has de-listed, it has moved to another index, or it is taken over. The market capitalisation figures are produced using the closing For comparison and where available, values from the February share prices on 1 May 2020. 2020 Rankings Guide are shown in brackets.

4 Corporate Advisers Rankings Guide AUDITORS

• BDO takes second place from KPMG by total number of Stock Market clients • Debuts for PKF Francis Clark, Adler Shine and Price Bailey • Deloitte takes joint second in the FTSE 250 rankings as EY suffers losses

Total Market Sectors It must be said that BDO turned in the most impressive performance A new mandate from Rio Tinto meant that KPMG has drawn level through the quarter, regardless of the unfavourable circumstances. with PwC in joint second place in Basic Materials, even though the The auditor registered multiple gains through the period, latter adviser has been given audit duties for another mining giant in enabling it to supplant KPMG in second place in the table behind Anglo American. BDO increased its lead through new mandates for PricewaterhouseCoopers (PwC). This is the first time that a Big Four Gemfields Group and Quadrise Fuels International. Meanwhile, PKF firm has not held second place by total client numbers. Beyond the Littlejohn was up through the field following its appointment by elevation of BDO, the running order in the top half of the table was Ariana Resources, while Jeffreys Henry joined the fray in 12th place. unchanged. There was more movement in the lower decks, where The positional changes were confined to the lower half of the Haysmacintyre, Saffery Champness and Johnston Carmichael Consumer Discretionary & Consumer Staples rankings. A net brace improved their standings from the previous quarter. There were also for Haysmacintyre, including a new mandate for branded restaurant three debutantes to report in the form of PKF Francis Clark, Adler operator Tasty, pushed the adviser up two placings at the expense of Shine and Price Bailey. a handful of other auditors. PKF Francis Clark dragged itself off the FTSE 100 foot of the table after it was brought in to provide audit services for leather fashion outfit Pittards. The big four still lead the way, with the running order unchanged from the previous quarter. EY added Standard Chartered to its client Energy markets remain in the doldrums and it seems a given that roster, while Deloitte was handed audit duties for building material overall index numbers will contract by the end of the year. For now, heavyweight CRH, the latter of which is not immediately obvious in BDO recorded a solitary gain through the period under review, but the net totals for the top-tier index. its advantage over second placed EY was unchanged after the latter adviser added Tullow Oil to its client roster. PwC and Grant Thornton FTSE 250 were on the rise, albeit due to client losses elsewhere. Deloitte netted a FTSE 250 trifecta through the period, including With several new investment trusts registered over the quarter, BDO a new mandate from Morgan Advanced Materials, which moved managed to replace EY in second place in Financials & Real Estate. the adviser into a share of second place with KPMG. Part of BDO’s Indeed, sector numbers for EY, along with those of KPMG and PwC, success through the period is reflected in its index numbers, as headed south during the period. Johnston Carmichael also pulled Murray International Trust, Temple Bar Investment Trust and Oxford in a couple of investment trusts, pushing the adviser into a four-way Instruments struck deals to secure the auditor’s services. In just two split for 11th place. Mazars was also heading in the right direction, quarters BDO have added no fewer than nine new FTSE 250 clients. and there was a debut at the foot of the table for Saffery Champness Small-Cap/Fledgling following its appointment by Conygar Investment Company. The podium places were unchanged in the Small-Cap/Fledgling PwC still leads the way in Health Care client rankings, extending its rankings, though PwC’s advantage over the field narrowed. BDO saw advantage over second placed KPMG, with Grant Thornton making its numbers increase again, with audit duties secured for Miton UK up the podium places. It was a largely uneventful period, with PKF MicroCap Trust, Value & Income Trust and Augmentum Fintech. This Littlejohn replacing Crowe in ninth place, together with a positional has moved BDO into sole fourth place at the expense of Deloitte. improvement for RSM. Mazars added both JPMorgan Asian Investment Trust and green Multiple gains moved BDO on to the podium in the Industrials sector energy investor Menhaden to its client roster, moving the adviser into at the expense of Deloitte, even though the latter adviser registered seventh place, just ahead of Johnston Carmichael, which was also on three new clients of its own. Saffery Champness was again on the the up through the addition of two trusts: EP Global Opportunities rise, this time through a solitary gain which pushed it into a share of and Mid Wynd International. 11th place with Nexia Smith & Williamson. Total AIM A new mandate for WANdisco enabled BDO to take the lead in the EY swapped places with Crowe to move into seventh on our AIM Technology rankings at the expense of KPMG. Crowe was heading table, though senior rankings for BDO, PwC and Grant Thornton held up through the mid-table positions, just ahead of Nexia Smith & firm from the previous quarter.Cooper Parry Group, MHA MacIntyre Williamson, which was also making headway. And Jeffreys Henry Hudson and Shipleys were the beneficiaries of sliding numbers for debuted in its second sector in the period under review. James Cowper Kreston. They now share 18th place with PKF Francis Clark, the sole debutante on AIM through the period.

Corporate Advisers Rankings Guide 5 AUDITORS

A-Z Total number of Stock Market clients Total Market Cap of Stock Market clients (£M) RANK AUDITOR MAY ‘20 FEB ‘20 RANK AUDITOR MAY ‘20 FEB ‘20 1 (1) - PRICEWATERHOUSECOOPERS 326 (336) 1 (1) PRICEWATERHOUSECOOPERS 1,321,118 (1,602,446) 2 (3) ▲ BDO 297 (281) 2 (2) KPMG 779,220 (990,405) 3 (2) ▼ KPMG 286 (299) 3 (3) DELOITTE 728,326 (911,553) 4 (4) - EY 227 (236) 4 (4) EY 645,212 (777,660) 5 (5) - DELOITTE 215 (220) 5 (5) GRANT THORNTON UK 64,523 (85,411) 6 (6) - GRANT THORNTON UK 116 (122) 6 (6) BDO 44,038 (46,237) 7 (7) - RSM 70 (71) 7 (7) RSM 7,847 (9,988) 8 (8) - PKF LITTLEJOHN 63 (63) 8 (9) MAZARS 2,374 (2,247) 9 (9) - CROWE 59 (61) 9 (8) CROWE 2,138 (3,232) 10 (10) - MAZARS 27 (26) 10 (10) PKF LITTLEJOHN 1,078 (1,215) 11 (10) ▼ JEFFREYS HENRY 26 (26) 11 (12) MHA MACINTYRE HUDSON 907 (908) 12 (10) ▼ NEXIA SMITH & WILLIAMSON 25 (26) 12 (11) NEXIA SMITH & WILLIAMSON 871 (919) 13 (14) ▲ HAYSMACINTYRE 20 (19) 13 (13) JEFFREYS HENRY 584 (616) 14 (13) ▼ UHY HACKER YOUNG 19 (20) 14 (20) JOHNSTON CARMICHAEL 571 (260) 15 (15) - CHAPMAN DAVIS 16 (16) 15 (14) HAYSMACINTYRE 474 (553) 16 (18) ▲ SAFFERY CHAMPNESS 9 (6) 16 (19) CHAPMAN DAVIS 420 (264) 17 (16) ▼ HAZLEWOODS 8 (8) 17 (15) BSG VALENTINE 388 (473) 18 (22) ▲ JOHNSTON CARMICHAEL 7 (5) 18 (17) SAFFERY CHAMPNESS 379 (198) 18 (17) - SHIPLEYS 7 (7) 19 (16) UHY HACKER YOUNG 274 (372) 20 (18) ▼ MHA MACINTYRE HUDSON 6 (6) 20 (18) JAMES COWPER KRESTON 271 (272) 20 (18) ▼ MOORE KINGSTON SMITH 6 (6) 21 (22) BRIGHTMAN ALMAGOR ZOHAR & CO. 247 (189) 22 (22) - COOPER PARRY GROUP 5 (5) 22 (21) RMT ACCOUNTANTS & BUSINESS ADVISORS 198 (245) 22 - ▲ PKF FRANCIS CLARK 5 - 23 (23) M. J. ABEDIN & CO CHARTERED ACCOUNTANTS 146 (172) 24 - ▲ ADLER SHINE 4 - 24 (24) BEGBIES CHETTLE AGAR 130 (171) 24 (22) ▼ BAKER TILLY CI AUDIT 4 (5) 25 - PKF FRANCIS CLARK 107 - 24 (18) ▼ JAMES COWPER KRESTON 4 (6) 26 (25) WHITLEY PENN 106 (151) 24 (22) ▼ MOORE STEPHENS UK 4 (5) 27 - COHNREZNICK 90 - 24 - ▲ PRICE BAILEY 4 - 28 - SHIPLEYS 89 -

ADLER SHINE LLP BSG VALENTINE COOPER PARRY GROUP LTD Curzon Energy PLC Aston House Lynton House Sky View daVictus PLC Cornwall Avenue 7-12 Tavistock Square Argosy Road Destiny Pharma PLC London London East Midlands Airport DP Poland PLC Echo Energy PLC N3 1LF WC1H 9BQ Derby Escape Hunt PLC T: +44 (0)20 8371 3000 T: +44 (0)20 7393 1111 DE74 2SA Filta Group Holdings PLC T: +44 (0)1332 411 163 Fragrant Prosperity Holdings Ltd Grand Fortune High Grade Ltd Hornby PLC BAKER TILLY CI AUDIT LIMITED CAMPBELL DALLAS AUDIT SERVICES Iconic Labs PLC Mont Crevelt House Titanium 1 Jangada Mines PLC Bulwer Avenue King's Inch Place Jarvis Securities PLC St Sampson Glasgow Katoro Gold PLC Guernsey G51 4BP Kibo Energy PLC T: +44 (0)1481 245 244 T: +44 (0)141 886 6644 Learning Technologies Group PLC CROWE Malvern International PLC St Bride's House MENA Land PLC 10 Salisbury Square Metal Tiger PLC BDO LLP CARTER BACKER WINTER LLP London Mining, Minerals & Metals PLC National World PLC 55 Baker Street 66 Prescot Street EC4Y 8EH Nu-Oil and Gas PLC London London T: +44 (0)20 7842 7100 F: +44 (0)20 7583 1720 Orient Telecoms PLC W1U 7EU E1 8NN Pelatro PLC www.crowe.co.uk T: +44 (0)20 7486 5888 T: +44 (0)20 7309 3800 Pennpetro Energy PLC Phoenix Copper Ltd AB Dynamics PLC PHSC PLC Adamas Finance Asia Ltd PipeHawk PLC BEGBIES CHETTLE AGAR CHAPMAN DAVIS LLP AdEPT Technology Group PLC Plexus Holdings PLC 9 Bonhill Street 2 Chapel Court Anglo African Oil & Gas PLC Polarean Imaging PLC Angus Energy PLC London Borough High Street Prime People PLC Aquila Services Group PLC RDL Realisation PLC EC2A 4DJ London Aseana Properties Ltd T: +44 (0)20 7628 5801 SE1 1HH Sound Energy PLC Barkby Group (The) PLC Sunrise Resources PLC T: +44 (0)20 7357 6008 Bermele PLC Tavistock Investments PLC Blencowe Resources PLC Tertiary Minerals PLC Byotrol PLC TruFin PLC Cardiff Property (The) PLC UAE Oil Services PLC CentralNic Group PLC Upland Resources Ltd Challenger Acquisitions Ltd Vast Resources PLC Contango Holdings PLC

6 Corporate Advisers Rankings Guide AUDITORS

Verditek PLC IRF European Finance Investments Ltd HLB MANN JUDD Vertu Capital Ltd ITM Power PLC Level 4 Water Intelligence PLC IXICO PLC 130 Stirling Street Xpediator PLC Jaywing PLC Perth JPMorgan Japan Smaller Companies Trust PLC JPMorgan US Smaller Companies IT PLC WA 6000 Judges Scientific PLC T: +61 (0)8 9227 7500 DELOITTE LLP Landore Resources Ltd KPMG 2 New Street Square LiDCO Group PLC 15 Canada Square Life Settlement Assets PLC London Canary Wharf EC4A 3BZ Livermore Investments Group Ltd LoopUp Group PLC London T: +44 (0)20 7936 3000 LPA Group PLC E14 5GL Marlowe PLC T: +44 (0)20 7311 1000 Mears Group PLC F: +44 (0)20 7311 3311 Medica Group PLC EY www.home.kpmg.com/uk Mercantile Ports and Logistics Ltd JAMES COWPER KRESTON 25 Churchill Place Midwich Group PLC Canary Wharf Reading Bridge House Aberdeen Asian Income Fund Ltd Modern Water PLC Aberdeen Emerging Markets Investment Co. Ltd London Mothercare PLC George Street Reading Aberdeen Japan Investment Trust PLC E14 5EY Mpac Group PLC Aberdeen New India Investment Trust PLC Berkshire T: +44 (0)20 7951 2000 MS International PLC Aberdeen Standard Equity Income Trust PLC MyCelx Technologies Corporation RG1 8LS Aberdeen Standard European Logistics Inc. PLC Netcall PLC T: +44 (0)118 959 0261 accesso Technology Group PLC Norish PLC www.jamescowperkreston.co.uk Acorn Income Fund Ltd Oncimmune Holdings PLC AEW UK REIT PLC Online Blockchain PLC Bioventix PLC Aggreko PLC Ovoca Bio PLC Hardide PLC Agronomics Ltd Oxford BioDynamics PLC One Media iP Group PLC Alcentra European Floating Rate Inc. Fund Ltd Parity Group PLC Volvere PLC Alliance Pharma PLC PCI-PAL PLC Allied Minds PLC GRANT THORNTON UK LLP Pebble Beach Systems Group PLC 30 Finsbury Square Alpha Financial Markets Consulting PLC Pembroke VCT PLC Alternative Income REIT PLC London PJSC PhosAgro Aluminium Bahrain B.S.C EC2P 2YU Pressure Technologies PLC Amedeo Air Four Plus Ltd T: +44 (0)20 7383 5100 Quartix Holdings PLC Amigo Holdings PLC F: +44 (0)20 7383 4715 Quarto Group (The) Inc. Aminex PLC www.grantthornton.co.uk Real Estate Investors PLC AO World PLC Reconstruction Capital II Ltd Apax Global Alpha Ltd Rockfire Resources PLC Aberdeen Frontier Markets Investment Co. Ltd Arricano Real Estate PLC Rosslyn Data Technologies PLC ADVFN PLC Arrow Global Group PLC Safestay PLC AFC Energy PLC Ascential PLC Savannah Energy PLC Allergy Therapeutics PLC JEFFREYS HENRY LLP Ashmore Global Opportunities Ltd Schroder UK Public Private Trust PLC Allianz Technology Trust PLC Finsgate Ashmore Group PLC SDI Group PLC Alternative Liquidity Fund Ltd 5-7 Cranwood Street Asia Dragon Trust PLC Spitfire Oil Ltd Altitude Group PLC Atlas Mara Ltd Staffline Group PLC London Amryt Pharma PLC Auto Trader Group PLC Supply@ME Capital PLC EC1V 9EE Andrews Sykes Group PLC Avacta Group PLC Thruvision Group PLC T: +44 (0)20 7309 2222 AorTech International PLC Avangardco Investments Public Ltd Transense Technologies PLC F: +44 (0)20 7309 2309 Aptitude Software Group PLC AVI Global Trust PLC Tri-Star Resources PLC Ashley House PLC www.jeffreyshenry.com Avon Rubber PLC Tricorn Group PLC Atlantis Japan Growth Fund Ltd B&M European Value Retail SA ULS Technology PLC Aurora Investment Trust PLC Active Energy Group PLC Baillie Gifford Japan Trust (The) PLC Velocity Composites PLC Avingtrans PLC Adams PLC Baillie Gifford Shin Nippon PLC Venture Life Group PLC Avocet Mining PLC Alien Metals Ltd Baillie Gifford US Growth Trust PLC Vianet Group PLC Beeks Financial Cloud Group PLC Baron Oil PLC Balfour Beatty PLC Victoria PLC Billington Holdings PLC Concepta PLC Banco Bilbao Vizcaya Argentaria, S.A. Wetherspoon (J.D.) PLC Biome Technologies PLC Dewhurst PLC Bank of Ireland Group PLC Wilmington PLC Brave Bison Group PLC dotDigital Group PLC Bank Pekao SA Witan Investment Trust PLC Cambridge Cognition Holdings PLC Fandango Holdings PLC Barclays PLC Xeros Technology Group PLC CareTech Holdings PLC Grand Vision Media Holdings PLC Baronsmead Second Venture Trust PLC Zambeef Products PLC Ceiba Investments Ltd Integumen PLC Baronsmead Venture Trust PLC Zoo Digital Group PLC Chamberlin PLC Local Shopping REIT (The) PLC Base Resources Ltd Checkit PLC MobilityOne Ltd BBGI SICAV S.A. City Pub Group (The) PLC New Trend Lifestyle Group PLC Bellway PLC Codemasters Group Holdings PLC Nostra Terra Oil & Gas Company PLC Benchmark Holdings PLC HAINES WATTS - CHARTERED Open Orphan PLC Berkeley Group Holdings (The) PLC Concurrent Technologies PLC ACCOUNTANTS Dods Group PLC OptiBiotix Health PLC BH Global Ltd Downing Strategic Micro-Cap Inv. Trust PLC Sterling House Papillon Holdings PLC BH Macro Ltd e-Therapeutics PLC 97 Lichfield Street Phimedix PLC Big Yellow Group PLC Ediston Property Investment Company PLC Tamworth PowerHouse Energy Group PLC Bloomsbury Publishing PLC Elecosoft PLC B79 7QF REACT Group PLC Bluefield Solar Income Fund Ltd Enteq Upstream PLC T: +44 (0)1827 61835 SkinBioTherapeutics PLC BMO Managed Portfolio Trust PLC EQTEC PLC Sosandar PLC Breedon Group PLC Ethernity Networks Ltd Stanley Gibbons Group (The) PLC British American Tobacco PLC Eurasia Mining PLC Stranger Holdings PLC Brown (N) Group PLC EverArc Holdings Ltd HAYSMACINTYRE LLP Thalassa Holdings Ltd BT Group PLC Flowtech Fluidpower PLC 10 Queen Street Place Windar Photonics PLC C4X Discovery Holdings PLC Cairn Homes PLC Fuller, Smith & Turner PLC London Gateley (Holdings) PLC Caledonia Investments PLC EC4R 1AG Gazprom PJSC Calisen PLC GETECH Group PLC T: +44 (0)20 7969 5500 Cambium Global Timberland Ltd Henderson Alternative Strategies Trust PLC Capita PLC Henderson International Income Trust PLC Carador Income Fund PLC HgCapital Trust PLC Carclo PLC iEnergizer Ltd HAZLEWOODS LLP Card Factory PLC Indus Gas Ltd Windsor House Carillion PLC Ingenta PLC Bayshill Road Carr's Group PLC Inspired Energy PLC Cheltenham CATCo Reinsurance Opportunities Fund Ltd Instem PLC GL50 3AT Charles Stanley Group PLC Chemring Group PLC Invesco Perpetual Select Trust PLC T: +44 (0)1242 237 661 IQGEO Group PLC Circle Property PLC

6 Corporate Advisers Rankings Guide 7 AUDITORS

Smart decisions. Lasting value.

Cohort PLC NB Distressed Debt Investment Fund Ltd Total S.A. (J) Compagnie de Saint-Gobain SA (J) NB Private Equity Partners Ltd TR Property Investment Trust PLC Compass Group PLC NCC Group PLC Tracsis PLC Computacenter PLC Network International Holdings PLC Trainline PLC CPL Resources PLC NextEnergy Solar Fund Ltd Travis Perkins PLC NEXIA SMITH & WILLIAMSON CQS New City High Yield Fund Ltd Ninety One PLC Tremor International Ltd 25 Moorgate Creo Medical Group PLC North American Income Trust (The) PLC Tristel PLC London Croda International PLC North Atlantic Smaller Companies Inv. Trust PLC Tritax EuroBox PLC Crystal Amber Fund Ltd Northern 2 VCT PLC UIL Ltd EC2R 6AY Dalata Hotel Group PLC Northern 3 VCT PLC Unilever PLC T: +44 (0)20 7131 4000 Dart Group PLC Northern Venture Trust PLC Unisys Corporation F: +44 (0)20 7131 4001 DCC PLC Oakley Capital Investments Ltd United Utilities Group PLC www.smithandwilliamson.com Taking your Devro PLC Odyssean Investment Trust PLC Utilico Emerging Markets Ltd DFS Furniture PLC Oil & Gas Development Co Ltd (J) Valeura Energy Inc. Alba Mineral Resources PLC Dialight PLC Oilex Ltd Vectura Group PLC Arcontech Group PLC Dolphin Capital Investors Ltd Old Mutual Ltd (J) Vietnam Enterprise Investments Ltd Argentex Group PLC DP Aircraft I Ltd Orascom Investment Holding S.A.E. VietNam Holding Ltd B90 Holdings PLC Dragon-Ukrainian Properties & Development PLC Oryx International Growth Fund Ltd Volga Gas PLC Catenae Innovation PLC business further DX (Group) PLC Oxford BioMedica PLC Volta Finance Ltd CloudCoCo Group PLC Eden Research PLC Pacific Assets Trust PLC Watchstone Group PLC Croma Security Solutions Group PLC EFG-Hermes Holding S.A.E. Paragon Banking Group PLC Webis Holdings PLC DeepMatter Group PLC EIH PLC PayPoint PLC Weiss Korea Opportunity Fund Ltd Deltex Medical Group PLC Our team of Capital Market specialists have a wealth of experience in the mid- EJF Investments Ltd Pendragon PLC Wentworth Resources PLC Egdon Resources PLC EMIS Group PLC Petards Group PLC Wood Group (John) PLC eve Sleep PLC market. We help clients make smarter decisions today that create lasting value EN+ Group PLC Pets at Home Group PLC Workspace Group PLC Fletcher King PLC EPE Special Opportunities Ltd Picton Property Income Ltd Zegona Communications PLC HML Holdings PLC for tomorrow, whether at IPO or with subsequent transactions. Epwin Group PLC PJSC Acron Zenith Bank PLC Immedia Group PLC Equals Group PLC PJSC Lukoil ImmuPharma PLC Ergomed PLC Polar Capital Technology Trust PLC MediaZest PLC As the UK member of Crowe Global, we provide global reach on a personal Everyman Media Group PLC Premier African Minerals Ltd Metals Exploration PLC Experian PLC Premier Foods PLC KRESTON REEVES LLP Michelmersh Brick Holdings PLC scale. Our audit, tax, advisory and risk specialists work with clients to build EZZ Steel Company S.A.E. Premier Global Infrastructure Trust PLC Third floor Ormonde Mining PLC something valuable, substantial and enduring. Fair Oaks Income Ltd Premier Miton Group PLC 24 Chiswell Street Panoply Holdings (The) PLC FIH Group PLC PROACTIS Holdings PLC London Panther Securities PLC Fisher (James) & Sons PLC ProPhotonix Ltd EC1Y 4YX Parkmead Group (The) PLC Flutter Entertainment PLC Providence Resources PLC SRT Marine Systems PLC T: +44 (0)20 7382 1820 Focusrite PLC Prudential PLC Tern PLC Foresight Solar & Technology VCT PLC PureTech Health PLC Urban Logistics REIT PLC Start the conversation Foresight Solar Fund Ltd Quilter PLC Fulcrum Utility Services Ltd Quixant PLC Futura Medical PLC RDI REIT PLC M. J. ABEDIN & CO CHARTERED Paul Blythe ACCOUNTANTS GCP Infrastructure Investments Ltd Reckitt Benckiser Group PLC PKF FRANCIS CLARK Head of Capital Markets Gear4music (Holdings) PLC Redcentric PLC National Plaza (3rd Floor) Vantage Point General Electric Company Redrow PLC 109, Bir Uttam C.R. Datta Road Woodwater Park [email protected] Genesis Emerging Markets Fund Ltd Renew Holdings PLC Dhaka Pynes Hill Glenveagh Properties PLC Rentokil Initial PLC T: +880 (0)2 8629 771 +44 (0)20 7842 7321 Global Ports Holding PLC Ricardo PLC Exeter GoCo Group PLC Rightmove PLC EX2 5FD Goodwin PLC Rio Tinto PLC T: +44 (0)1392 66 7000 Grainger PLC RM PLC MAZARS LLP Gran Tierra Energy Inc. Royal Mail PLC Tower Bridge House Great Western Mining Corporation PLC RSA Insurance Group PLC St Katharine's Way Greggs PLC RTW Venture Fund Ltd Gulf Investment Fund PLC Ryanair Holdings PLC London GVC Holdings PLC Safestyle UK PLC E1W 1DD Hargreaves Services PLC Saga PLC T: +44 (0)20 7063 4000 Hastings Group Holdings PLC San Leon Energy PLC PKF LITTLEJOHN LLP Henderson Far East Income Ltd Schiehallion Fund Ltd (The) 15 Westferry Circus HICL Infrastructure PLC Schroder UK Mid Cap Fund PLC Canary Wharf MOORE KINGSTON SMITH LLP Hill & Smith Holdings PLC Scottish American Investment Company (The) PLC London Hollywood Bowl Group PLC SDL PLC Devonshire House E14 4HD Hydrodec Group PLC Senior PLC 60 Goswell Road T: +44 (0)20 7516 2200 Impax Asset Management Group PLC Sequoia Economic Infrastructure Inc. Fund Ltd London F: + 44 (0)20 7516 2400 Induction Healthcare Group PLC Serco Group PLC EC1M 7AD Integrated Diagnostics Holdings PLC Severfield PLC www.pkf-littlejohn.com T: +44 (0)20 7566 4000 Invesco Asia Trust PLC Severstal PJSC IP Group PLC Shield Therapeutics PLC Alpha Growth PLC IQE PLC Simplybiz Group (The) PLC Altus Strategies PLC ITV PLC SmartSpace Software PLC MOORE STEPHENS UK Anglo African Agriculture PLC IWG PLC Smith & Nephew PLC Arc Minerals Ltd JD Sports Fashion PLC Smiths Group PLC 1 Hill Street Argo Blockchain PLC Just Group PLC Smurfit Kappa Group PLC London Ariana Resources PLC KAZ Minerals PLC South32 Ltd W1J 5LA Attis Oil and Gas Ltd Kenmare Resources PLC Speedy Hire PLC T: +44 (0)20 7334 9191 Bluejay Mining PLC Kromek Group PLC SSP Group PLC F: +44 (0)20 7248 3408 Braveheart Investment Group PLC KSK Power Ventur PLC St Modwen Properties PLC www.moorestephens.co.uk BSF Enterprise PLC Lancashire Holdings Ltd Standard Life Aberdeen PLC Chesterfield Resources PLC Lansdowne Oil & Gas PLC Standard Life UK Smaller Companies Trust PLC China Nonferrous Gold Ltd Legal & General Group PLC Stobart Group Ltd Cobra Resources PLC LSR Group PJSC Stock Spirits Group PLC Condor Gold PLC Luceco PLC Strategic Equity Capital PLC Cora Gold Ltd M&C Saatchi PLC Studio Retail Group PLC Coro Energy PLC M&G PLC Sylvania Platinum Ltd Dev Clever Holdings PLC Manx Financial Group PLC Symphony International Holdings Ltd Dukemount Capital PLC Marble Point Loan Financing Ltd Taseko Mines Ltd ECR Minerals PLC Marston's PLC Ted Baker PLC eEnergy Group PLC MD Medical Group Investments PLC Tekmar Group PLC Emmerson PLC Merian Chrysalis Investment Company Ltd Telecom Egypt SAE Empire Metals Ltd Micro Focus International PLC Telecom Plus PLC Erris Resources PLC Mincon Group PLC Tetragon Financial Group Ltd Global Resources Investment Trust PLC Mitsubishi Electric Corporation TheWorks.co.uk PLC Helios Underwriting PLC Audit / Tax / Advisory / Risk www.crowe.co.uk Moneysupermarket.com Group PLC Total Produce PLC Hemogenyx Pharmaceuticals PLC

Crowe U.K. LLP is a member of Crowe Global, a Swiss verein. Each member firm of Crowe Global is a separate and independent legal entity. Crowe U.K. LLP and its affiliates are not responsible or liable for any acts or omissions of Crowe Global or any other member of Crowe Global. 8 Corporate Advisers Rankings Guide © 2020 Crowe U.K. LLP Smart decisions. Lasting value. Taking your business further Our team of Capital Market specialists have a wealth of experience in the mid- market. We help clients make smarter decisions today that create lasting value for tomorrow, whether at IPO or with subsequent transactions. As the UK member of Crowe Global, we provide global reach on a personal scale. Our audit, tax, advisory and risk specialists work with clients to build something valuable, substantial and enduring.

Start the conversation Paul Blythe Head of Capital Markets [email protected] +44 (0)20 7842 7321

Audit / Tax / Advisory / Risk www.crowe.co.uk

i3 Energy PLC Bank of Cyprus Holdings PLC Future PLC Motorpoint Group PLC Infrastrata PLC BankMuscat (SAOG) G4S PLC Murray Income Trust PLC Inspirit Energy Holdings PLC BioPharma Credit PLC Gabelli Merger Plus+ Trust PLC MySale Group PLC Investment Company (The) PLC BlackRock Latin American Investment Trust PLC Gabelli Value Plus+ Trust PLC NAHL Group PLC IQ-AI Ltd BlackRock North American Income Trust PLC Gama Aviation PLC Nanoco Group PLC Kavango Resources PLC BlackRock Smaller Companies Trust PLC Games Workshop Group PLC NB Global Floating Rate Income Fund Ltd Kazera Global PLC BlackRock Throgmorton Trust PLC Gattaca PLC NewRiver REIT PLC Keras Resources PLC BlackRock World Mining Trust PLC GCP Asset Backed Income Fund Ltd Next PLC Limitless Earth PLC Blancco Technology Group PLC Genel Energy PLC Nexus Infrastructure PLC London Finance & Investment Group PLC BMO Commercial Property Trust Ltd Global Ports Investments PLC Norcros PLC Mila Resources PLC BMO Real Estate Investments Ltd Globaltrans Investment PLC Novolipetsk Steel Mobile Streams PLC Bodycote PLC Gooch & Housego PLC Novorossiysk Commercial Sea Port PJSC Octagonal PLC boohoo group PLC Grafton Group PLC Nucleus Financial Group PLC Oriole Resources PLC Boot (Henry) PLC Griffin Mining Ltd Numis Corporation PLC Panthera Resources PLC British Land Company PLC Grit Real Estate Income Group Ltd NWF Group PLC Path Investments PLC Brooks Macdonald Group PLC Guaranty Trust Bank PLC O'Key Group SA Pembridge Resources PLC Brunner Investment Trust (The) PLC GYG PLC Octopus Renewables Infrastructure Trust PLC Pires Investments PLC Bunzl PLC Halma PLC Oil & Gas Development Co Ltd (J) Plutus PowerGen PLC Burberry Group PLC Hammerson PLC Origin Enterprises PLC Predator Oil & Gas Holdings PLC Cairn Energy PLC Hansa Investment Company Ltd Orosur Mining Inc Randall & Quilter Investment Holdings Ltd Canadian General Investments Ltd Hansard Global PLC Pan African Resources PLC Remote Monitored Systems PLC Capital & Counties Properties PLC Hargreaves Lansdown PLC PAO Novatek Renalytix AI PLC Capital Gearing Trust PLC Harworth Group PLC Pearson PLC RiverFort Global Opportunities PLC Carnival PLC Hays PLC Pebble Group (The) PLC Rockpool Acquisitions PLC Cello Health PLC Headlam Group PLC Permanent tsb Group Holdings PLC Sealand Capital Galaxy Ltd Centamin PLC Henderson High Income Trust PLC Personal Assets Trust PLC SigmaRoc PLC Centaur Media PLC Herald Investment Trust PLC Phoenix Global Resources PLC Spinnaker Opportunities PLC Cerillion PLC Highbridge Tactical Credit Fund Ltd PJSC Magnitogorsk Iron & Steel Works Sure Ventures PLC China New Energy Ltd Hikma Pharmaceuticals PLC PJSC TransContainer Toople PLC Churchill China PLC Hilton Food Group PLC Plus500 Ltd Trident Resources PLC Cineworld Group PLC Hipgnosis Songs Fund Ltd Polar Capital Global Financials Trust PLC Two Shields Investments PLC Circassia Group PLC Hiscox Ltd Polar Capital Global Healthcare Trust PLC UniVision Engineering Ltd City Merchants High Yield Trust Ltd Honeycomb Investment Trust PLC Pollen Street Secured Lending PLC VR Education Holdings PLC City of London Investment Trust (The) PLC Hongkong Land Holdings Ltd Premier Veterinary Group PLC Woodbois Ltd Civitas Social Housing PLC HSBC Holdings PLC Princess Private Equity Holding Ltd Zenith Energy Ltd Clarke (T.) PLC Hutchison China Meditech Ltd Pure Gold Mining Inc. Zoetic International PLC Clarkson PLC IG Design Group PLC PureCircle Ltd Clinigen Group PLC IG Group Holdings PLC PV Crystalox Solar PLC Close Brothers Group PLC IGas Energy PLC QinetiQ Group PLC CMC Markets PLC IMImobile PLC Reach PLC PRICE BAILEY LLP Coca-Cola HBC AG Immunodiagnostic Systems Holdings PLC Record PLC Tennyson House Commercial International Bank (Egypt) SAE (J) Indivior PLC Redde Northgate PLC Cambridge Business Park Compagnie de Saint-Gobain SA (J) Inspiration Healthcare Group PLC Regal Petroleum PLC Cambridge ContourGlobal PLC Intercede Group PLC ReNeuron Group PLC Costain Group PLC International Biotechnology Trust PLC Restore PLC CB4 0WZ Countryside Properties PLC International Business Machines Corporation Revolution Bars Group PLC T: +44 (0)1223 565 035 Countrywide PLC Intertek Group PLC RHI Magnesita N.V. Craneware PLC Invesco Enhanced Income Ltd River and Mercantile UK Micro Cap Inv. Co. Ltd Cranswick PLC Invinity Energy Systems PLC Rockhopper Exploration PLC Crest Nicholson Holdings PLC Jardine Matheson Holdings Ltd RockRose Energy PLC Curtis Banks Group PLC Jardine Strategic Holdings Ltd Rolls-Royce Holdings PLC Daily Mail and General Trust PLC Jersey Electricity PLC Ros Agro PLC Dairy Farm International Holdings Ltd Jersey Oil and Gas PLC RusHydro PJSC Dechra Pharmaceuticals PLC Johnson Matthey PLC RWS Holdings PLC Derwent London PLC Johnson Service Group PLC S4 Capital PLC Diaceutics PLC JPEL Private Equity Ltd Safe Harbour Holdings PLC Diageo PLC JPMorgan Claverhouse Investment Trust PLC Samsung Electronics Co Ltd PRICEWATERHOUSECOOPERS Digital Landscape Group, Inc. JPMorgan Global Core Real Assets Ltd Sanne Group PLC 7 More London Riverside Diploma PLC JPMorgan Indian Investment Trust PLC Savills PLC discoverIE Group PLC JPMorgan Japanese Investment Trust PLC Sberbank of Russia London Diurnal Group PLC JPMorgan Mid Cap Investment Trust PLC Schroder European Real Estate Inv. Trust PLC SE1 2RT Diversified Gas & Oil PLC JPMorgan Multi-Asset Trust PLC Schroder Oriental Income Fund Ltd T: +44 (0)20 7583 5000 Domino's Pizza Group PLC JSC NAC Kazatomprom Scottish Investment Trust (The) PLC www.pwc.com DP Eurasia N.V. JTC PLC Scottish Mortgage Investment Trust PLC Draper Esprit PLC Jupiter Fund Management PLC ScS Group PLC 1Spatial PLC Drum Income Plus REIT PLC Kerry Group PLC SDCL Energy Efficiency Income Trust PLC AA PLC Dunelm Group PLC Keystone Investment Trust PLC SDX Energy PLC Abcam PLC easyJet PLC Kier Group PLC Segro PLC Aberdeen Diversified Inc. and Growth Trust PLC Ebiquity PLC Kin and Carta PLC Sensyne Health PLC Accsys Technologies PLC Eckoh PLC LG Electronics Inc Silence Therapeutics PLC Actual Experience PLC Eddie Stobart Logistics PLC Lindsell Train Investment Trust (The) PLC SME Credit Realisation Fund Ltd Air Partner PLC Edinburgh Investment Trust (The) PLC Liontrust Asset Management PLC St James's Place PLC Amiad Water Systems Ltd Edita Food Industries S.A.E Lloyds Banking Group PLC Starwood European Real Estate Finance Ltd Anglo American PLC EKF Diagnostics Holdings PLC London Security PLC SThree PLC Animalcare Group PLC Electrocomponents PLC Loungers PLC Strix Group PLC Antofagasta PLC Equiniti Group PLC Mandarin Oriental International Ltd STV Group PLC APi Group Corporation Essentra PLC Marwyn Value Investors Ltd Synthomer PLC Applegreen PLC Eurocell PLC MC Mining Ltd Tatneft PJSC Aquila European Renewables Income Fund PLC Euromoney Institutional Investor PLC McBride PLC TBC Bank Group PLC Aquis Exchange PLC European Assets Trust PLC Mediclinic International PLC TCS Group Holding PLC Arix Bioscience PLC European Opportunities Trust PLC Meggitt PLC Team17 Group PLC Artemis Alpha Trust PLC Faron Pharmaceuticals Oy Mercantile Investment Trust (The) PLC Ten Entertainment Group PLC ASOS PLC FastForward Innovations Ltd Metro Bank PLC Thorpe (F.W.) PLC AssetCo PLC FBD Holdings PLC Mirriad Advertising PLC TI Fluid Systems PLC AstraZeneca PLC FDM Group (Holdings) PLC Miton Global Opportunities PLC Time Out Group PLC Aviva PLC Filtronic PLC MJ Gleeson PLC Topps Tiles PLC Babcock International Group PLC Finsbury Food Group PLC Mobile Tornado Group PLC Touchstar PLC Bahamas Petroleum Company PLC Finsbury Growth & Income Trust PLC Mobius Investment Trust PLC Toyota Motor Corporation Baillie Gifford UK Growth Fund PLC Fox Marble Holdings PLC Mondi PLC Trans-Siberian Gold PLC Bakkavor Group PLC Funding Circle Holdings PLC Morrison (Wm) Supermarkets PLC Trinity Exploration & Production PLC Banco Santander, S.A. Fusion Antibodies PLC Motif Bio PLC Troy Income & Growth Trust PLC

10 Corporate Advisers Rankings Guide AUDITORS

Tufton Oceanic Assets Ltd RSM TwentyFour Income Fund Ltd 25 Farringdon Street TwentyFour Select Monthly Income Fund Ltd London Tyman PLC EC4A 4AB U and I Group PLC Uniphar PLC T: +44 (0)20 3201 8000 Velocys PLC Verona Pharma PLC Versarien PLC Vertu Motors PLC SAFFERY CHAMPNESS Vesuvius PLC 71 Queen Victoria Street Victrex PLC London VinaCapital Vietnam Opportunity Fund Ltd EC4V 4BE Vistry Group PLC T: +44 (0)20 7841 4000 Vivo Energy PLC Volex PLC Vp PLC VPC Specialty Lending Investments PLC SHIPLEYS LLP Walker Greenbank PLC 10 Orange Street Weir Group PLC Haymarket WH Smith PLC London Wilmcote Holdings PLC Wizz Air Holdings PLC WC2H 7DQ Worldwide Healthcare Trust PLC T: +44 (0)20 7312 0000 XP Power Ltd YouGov PLC Zotefoams PLC UHY HACKER YOUNG Quadrant House 4 Thomas More Square REES POLLOCK London 35 New Bridge Street E1W 1YW London T: +44 (0)20 7216 4600 EC4V 6BW T: +44 (0)20 7778 7200

WHITLEY PENN LLP 8343 Douglas Avenue RPG CROUCH CHAPMAN LLP Suite 400 62 Wilson Street Dallas London TX 75225 EC2A 2BU T: +1 (0)214 393 9300 T: +44 (0)20 7782 0007

WILKINS KENNEDY Bridge House London SE1 9QR T: +44 (0)20 7403 1877

10 Corporate Advisers Rankings Guide 11 AUDITORS

FTSE 100 Number of clients Client Market Cap (£M) RANK AUDITOR MAY ‘20 FEB ‘20 RANK AUDITOR MAY ‘20 FEB ‘20 1 (1) - PRICEWATERHOUSECOOPERS 27 (27) 1 (1) PRICEWATERHOUSECOOPERS 430,172 (537,833) 2 (2) - KPMG 26 (26) 2 (2) KPMG 419,327 (460,562) 3 (3) - DELOITTE 24 (25) 3 (3) DELOITTE 375,812 (451,040) 4 (4) - EY 23 (22) 4 (4) EY 362,864 (408,104)

DELOITTE LLP EY 2 New Street Square 25 Churchill Place London Canary Wharf EC4A 3BZ London T: +44 (0)20 7936 3000 E14 5EY T: +44 (0)20 7951 2000 KPMG PRICEWATERHOUSECOOPERS 15 Canada Square 7 More London Riverside Canary Wharf London London SE1 2RT E14 5GL T: +44 (0)20 7583 5000 T: +44 (0)20 7311 1000 www.pwc.com F: +44 (0)20 7311 3311 www.home.kpmg.com/uk Anglo American PLC Antofagasta PLC Auto Trader Group PLC AstraZeneca PLC Barclays PLC Aviva PLC Berkeley Group Holdings (The) PLC British Land Company PLC British American Tobacco PLC Bunzl PLC BT Group PLC Burberry Group PLC Compass Group PLC Carnival PLC Croda International PLC Coca-Cola HBC AG DCC PLC Diageo PLC Experian PLC easyJet PLC Flutter Entertainment PLC Halma PLC ITV PLC Hargreaves Lansdown PLC JD Sports Fashion PLC Hikma Pharmaceuticals PLC Legal & General Group PLC HSBC Holdings PLC M&G PLC Intertek Group PLC Prudential PLC Johnson Matthey PLC Reckitt Benckiser Group PLC Lloyds Banking Group PLC Rentokil Initial PLC Meggitt PLC Rightmove PLC Mondi PLC Rio Tinto PLC Morrison (Wm) Supermarkets PLC RSA Insurance Group PLC Next PLC Smith & Nephew PLC Pearson PLC Smiths Group PLC Rolls-Royce Holdings PLC Smurfit Kappa Group PLC Scottish Mortgage Investment Trust PLC Standard Life Aberdeen PLC Segro PLC Unilever PLC St James's Place PLC United Utilities Group PLC

12 Corporate Advisers Rankings Guide AUDITORS

FTSE 250 Number of clients Client Market Cap (£M) RANK AUDITOR MAY ‘20 FEB ‘20 RANK AUDITOR MAY ‘20 FEB ‘20 1 (1) - PRICEWATERHOUSECOOPERS 68 (66) 1 (1) PRICEWATERHOUSECOOPERS 86,964 (111,796) 2 (4) ▲ DELOITTE 57 (54) 2 (3) DELOITTE 86,000 (106,660) 2 (2) - KPMG 57 (58) 3 (2) KPMG 79,899 (109,082) 4 (3) ▼ EY 47 (56) 4 (4) EY 63,019 (93,345) 5 (5) - BDO 15 (11) 5 (5) BDO 15,037 (13,287) 6 (6) - GRANT THORNTON UK 4 (3) 6 (6) GRANT THORNTON UK 4,078 (4,613) 7 (7) - MHA MACINTYRE HUDSON 1 (1) 7 (7) RSM 1,267 (2,459) 7 (7) - RSM 1 (1) 8 (8) MHA MACINTYRE HUDSON 827 (819)

QinetiQ Group PLC Foresight Solar Fund Ltd RHI Magnesita N.V. GCP Infrastructure Investments Ltd Sanne Group PLC Genesis Emerging Markets Fund Ltd Savills PLC Grainger PLC Schroder Oriental Income Fund Ltd Greggs PLC Scottish Investment Trust (The) PLC GVC Holdings PLC GRANT THORNTON UK LLP Synthomer PLC Hastings Group Holdings PLC 30 Finsbury Square TBC Bank Group PLC HICL Infrastructure PLC London TI Fluid Systems PLC Hill & Smith Holdings PLC EC2P 2YU PRICEWATERHOUSECOOPERS Vesuvius PLC IP Group PLC T: +44 (0)20 7383 5100 7 More London Riverside Victrex PLC IWG PLC London VinaCapital Vietnam Opportunity Fund Ltd Just Group PLC F: +44 (0)20 7383 4715 SE1 2RT Vistry Group PLC KAZ Minerals PLC www.grantthornton.co.uk T: +44 (0)20 7583 5000 Vivo Energy PLC Lancashire Holdings Ltd www.pwc.com Weir Group PLC Marston's PLC Allianz Technology Trust PLC WH Smith PLC Micro Focus International PLC HgCapital Trust PLC Wetherspoon (J.D.) PLC Babcock International Group PLC Wizz Air Holdings PLC Moneysupermarket.com Group PLC Witan Investment Trust PLC Bakkavor Group PLC Worldwide Healthcare Trust PLC Network International Holdings PLC BlackRock Smaller Companies Trust PLC XP Power Ltd NextEnergy Solar Fund Ltd BlackRock World Mining Trust PLC Ninety One PLC BMO Commercial Property Trust Ltd Paragon Banking Group PLC RSM Bodycote PLC PayPoint PLC Cairn Energy PLC DELOITTE LLP Pets at Home Group PLC 25 Farringdon Street Capital & Counties Properties PLC 2 New Street Square Polar Capital Technology Trust PLC London Centamin PLC London PureTech Health PLC EC4A 4AB Cineworld Group PLC EC4A 3BZ Quilter PLC T: +44 (0)20 3201 8000 Redrow PLC City of London Investment Trust (The) PLC T: +44 (0)20 7936 3000 Clarkson PLC Royal Mail PLC Close Brothers Group PLC Senior PLC ContourGlobal PLC Sequoia Economic Infrastructure Inc. Fund Ltd Countryside Properties PLC Serco Group PLC Cranswick PLC SSP Group PLC Crest Nicholson Holdings PLC St Modwen Properties PLC Dechra Pharmaceuticals PLC Telecom Plus PLC Derwent London PLC TR Property Investment Trust PLC Diploma PLC Trainline PLC Domino's Pizza Group PLC Travis Perkins PLC Dunelm Group PLC Vietnam Enterprise Investments Ltd Edinburgh Investment Trust (The) PLC KPMG Wood Group (John) PLC Electrocomponents PLC 15 Canada Square Workspace Group PLC Equiniti Group PLC Canary Wharf Essentra PLC London Euromoney Institutional Investor PLC E14 5GL EY European Opportunities Trust PLC T: +44 (0)20 7311 1000 FDM Group (Holdings) PLC 25 Churchill Place Finsbury Growth & Income Trust PLC F: +44 (0)20 7311 3311 Canary Wharf Future PLC www.home.kpmg.com/uk London G4S PLC E14 5EY Games Workshop Group PLC Aggreko PLC T: +44 (0)20 7951 2000 Grafton Group PLC Apax Global Alpha Ltd Hammerson PLC Ascential PLC Hays PLC Ashmore Group PLC Herald Investment Trust PLC AVI Global Trust PLC BDO LLP Avon Rubber PLC Hilton Food Group PLC 55 Baker Street Hipgnosis Songs Fund Ltd B&M European Value Retail SA London Hiscox Ltd Baillie Gifford Japan Trust (The) PLC IG Group Holdings PLC Balfour Beatty PLC W1U 7EU JPMorgan Indian Investment Trust PLC BBGI SICAV S.A. T: +44 (0)20 7486 5888 JPMorgan Japanese Investment Trust PLC Bellway PLC Jupiter Fund Management PLC Big Yellow Group PLC Mediclinic International PLC Caledonia Investments PLC Mercantile Investment Trust (The) PLC Capita PLC Personal Assets Trust PLC Chemring Group PLC Plus500 Ltd Computacenter PLC Pollen Street Secured Lending PLC Fisher (James) & Sons PLC

12 Corporate Advisers Rankings Guide 13 AUDITORS

FTSE Small Cap/Fledgling Number of clients Client Market Cap (£M) RANK AUDITOR MAY ‘20 FEB ‘20 RANK AUDITOR MAY ‘20 FEB ‘20 1 (1) - PRICEWATERHOUSECOOPERS 78 (84) 1 (2) PRICEWATERHOUSECOOPERS 17,062 (23,147) 2 (2) - EY 73 (76) 2 (1) KPMG 16,317 (23,715) 3 (3) - KPMG 65 (71) 3 (3) EY 14,279 (19,676) 4 (4) - BDO 52 (45) 4 (4) DELOITTE 7,748 (12,926) 5 (4) ▼ DELOITTE 43 (46) 5 (5) BDO 7,324 (9,588) 6 (6) - GRANT THORNTON UK 14 (16) 6 (6) GRANT THORNTON UK 2,058 (3,554) 7 (8) ▲ MAZARS 6 (4) 7 (7) RSM 1,185 (1,506) 8 (10) ▲ JOHNSTON CARMICHAEL 5 (3) 8 (8) MAZARS 607 (413) 8 (7) ▼ RSM 5 (5) 9 (11) JOHNSTON CARMICHAEL 455 (99) 10 (8) ▼ HAZLEWOODS 4 (4) 10 (10) BRIGHTMAN ALMAGOR ZOHAR & CO. 247 (189) 11 (10) ▼ HAYSMACINTYRE 3 (3) 11 (9) HAYSMACINTYRE 137 (193) 11 (10) ▼ PKF LITTLEJOHN 3 (3) 12 - FRENCH DUNCAN 47 -

NB Global Floating Rate Income Fund Ltd Alternative Income REIT PLC DELOITTE LLP NewRiver REIT PLC Amigo Holdings PLC 2 New Street Square Norcros PLC AO World PLC London Octopus Renewables Infrastructure Trust PLC Arrow Global Group PLC EC4A 3BZ Polar Capital Global Financials Trust PLC Asia Dragon Trust PLC Polar Capital Global Healthcare Trust PLC Baillie Gifford Shin Nippon PLC T: +44 (0)20 7936 3000 PureCircle Ltd Baillie Gifford US Growth Trust PLC Reach PLC BH Global Ltd Record PLC BH Macro Ltd PRICEWATERHOUSECOOPERS Redde Northgate PLC Bloomsbury Publishing PLC 7 More London Riverside Revolution Bars Group PLC Bluefield Solar Income Fund Ltd London River and Mercantile UK Micro Cap Inv. Co. Ltd Brown (N) Group PLC SE1 2RT Schroder European Real Estate Inv. Trust PLC Carclo PLC T: +44 (0)20 7583 5000 ScS Group PLC Card Factory PLC www.pwc.com SDCL Energy Efficiency Income Trust PLC Carr's Group PLC GRANT THORNTON UK LLP SME Credit Realisation Fund Ltd CQS New City High Yield Fund Ltd 30 Finsbury Square AA PLC Starwood European Real Estate Finance Ltd Devro PLC London Aberdeen Diversified Inc. and Growth Trust PLC SThree PLC DFS Furniture PLC EC2P 2YU STV Group PLC Dialight PLC Air Partner PLC T: +44 (0)20 7383 5100 Artemis Alpha Trust PLC Ten Entertainment Group PLC GoCo Group PLC Topps Tiles PLC Goodwin PLC F: +44 (0)20 7383 4715 Baillie Gifford UK Growth Fund PLC www.grantthornton.co.uk BlackRock Latin American Investment Trust PLC Troy Income & Growth Trust PLC Henderson Far East Income Ltd BlackRock North American Income Trust PLC TwentyFour Income Fund Ltd Hollywood Bowl Group PLC Aptitude Software Group PLC BlackRock Throgmorton Trust PLC TwentyFour Select Monthly Income Fund Ltd Invesco Asia Trust PLC Atlantis Japan Growth Fund Ltd BMO Real Estate Investments Ltd Tyman PLC Kenmare Resources PLC Aurora Investment Trust PLC Boot (Henry) PLC U and I Group PLC Luceco PLC Downing Strategic Micro-Cap Inv. Trust PLC Brunner Investment Trust (The) PLC Vp PLC Merian Chrysalis Investment Company Ltd Ediston Property Investment Company PLC Capital Gearing Trust PLC Zotefoams PLC NB Private Equity Partners Ltd Advertise with us Fuller, Smith & Turner PLC Centaur Media PLC NCC Group PLC Henderson Alternative Strategies Trust PLC City Merchants High Yield Trust Ltd North American Income Trust (The) PLC • We are the No. 1 trusted provider Henderson International Income Trust PLC Civitas Social Housing PLC North Atlantic Smaller Companies Inv. Trust PLC JPMorgan Japan Smaller Companies Trust PLC Clarke (T.) PLC EY Odyssean Investment Trust PLC displaying rankings data for Corporate JPMorgan US Smaller Companies IT PLC CMC Markets PLC 25 Churchill Place Oxford BioMedica PLC Mears Group PLC Advisers and their Quoted Clients Costain Group PLC Canary Wharf Pacific Assets Trust PLC Medica Group PLC Countrywide PLC London Pendragon PLC Picton Property Income Ltd Mothercare PLC discoverIE Group PLC E14 5EY Premier Foods PLC Schroder UK Public Private Trust PLC DP Eurasia N.V. T: +44 (0)20 7951 2000 • Reach our CFO target audience – European Assets Trust PLC Premier Global Infrastructure Trust PLC Funding Circle Holdings PLC RDI REIT PLC include your client list and branding Gabelli Value Plus+ Trust PLC Ricardo PLC MAZARS LLP GCP Asset Backed Income Fund Ltd Saga PLC Hansard Global PLC Schroder UK Mid Cap Fund PLC Tower Bridge House • National press coverage most quarters Harworth Group PLC Scottish American Investment Company (The) PLC St Katharine’s Way HOW TO IMPROVE YOUR COMPANY’S REACH IN Headlam Group PLC SDL PLC London Henderson High Income Trust PLC Severfield PLC E1W 1DD Speedy Hire PLC Highbridge Tactical Credit Fund Ltd T: +44 (0)20 7063 4000 Indivior PLC Standard Life UK Smaller Companies Trust PLC International Biotechnology Trust PLC Stobart Group Ltd ONE EASY STEP Jersey Electricity PLC KPMG Stock Spirits Group PLC JPMorgan Claverhouse Investment Trust PLC 15 Canada Square Strategic Equity Capital PLC Studio Retail Group PLC RSM JPMorgan Mid Cap Investment Trust PLC Canary Wharf 25 Farringdon Street JPMorgan Multi-Asset Trust PLC Ted Baker PLC London TheWorks.co.uk PLC London JTC PLC E14 5GL Keystone Investment Trust PLC Tritax EuroBox PLC EC4A 4AB Kier Group PLC T: +44 (0)20 7311 1000 Utilico Emerging Markets Ltd T: +44 (0)20 3201 8000 Kin and Carta PLC F: +44 (0)20 7311 3311 Vectura Group PLC Lindsell Train Investment Trust (The) PLC www.home.kpmg.com/uk VietNam Holding Ltd Liontrust Asset Management PLC McBride PLC Aberdeen Asian Income Fund Ltd HAZLEWOODS LLP Metro Bank PLC Aberdeen Japan Investment Trust PLC Windsor House Miton Global Opportunities PLC Aberdeen New India Investment Trust PLC BDO LLP Bayshill Road MJ Gleeson PLC Aberdeen Standard Equity Income Trust PLC 55 Baker Street Cheltenham Mobius Investment Trust PLC Aberdeen Standard European Logistics Inc. 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14 Corporate Advisers Rankings Guide ADVISER RANKINGS LIMITED | 9 Oakhill Road, Sevenoaks, Kent, TN13 1NW | www.adviser-rankings.com | +44 (0) 7910 818810 | +44 (0)1732 742743 AUDITORS

PKF LITTLEJOHN LLP 15 Westferry Circus CROWE Canary Wharf St Bride's House London 10 Salisbury Square E14 4HD London T: +44 (0)20 7516 2200 EC4Y 8EH F: + 44 (0)20 7516 2400 T: +44 (0)20 7842 7100 www.pkf-littlejohn.com F: +44 (0)20 7583 1720 www.crowe.co.uk Global Resources Investment Trust PLC Investment Company (The) PLC Cardiff Property (The) PLC London Finance & Investment Group PLC RDL Realisation PLC

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14 ADVISERCorporate RANKINGS Advisers LIMITED Rankings | 9 Oakhill Guide Road, Sevenoaks, Kent, TN13 1NW | www.adviser-rankings.com | +44 (0) 7910 818810 | +44 (0)1732 74274315 AUDITORS

Total AIM Clients Number of clients Client Market Cap (£M) RANK AUDITOR MAY ‘20 FEB ‘20 RANK AUDITOR MAY ‘20 FEB ‘20 1 (1) - BDO 169 (167) 1 (1) PRICEWATERHOUSECOOPERS 26,218 (28,596) 2 (2) - PRICEWATERHOUSECOOPERS 93 (97) 2 (2) BDO 15,577 (17,504) 3 (3) - GRANT THORNTON UK 85 (89) 3 (3) KPMG 9,685 (14,035) 4 (4) - KPMG 70 (76) 4 (4) EY 9,028 (10,665) 5 (5) - RSM 56 (57) 5 (5) DELOITTE 8,704 (9,551) 6 (6) - DELOITTE 47 (48) 6 (6) GRANT THORNTON UK 6,374 (9,104) 7 (8) ▲ EY 39 (37) 7 (7) RSM 3,094 (3,612) 8 (7) ▼ CROWE 38 (39) 8 (8) CROWE 1,973 (3,020) 9 (9) - PKF LITTLEJOHN 36 (36) 9 (11) MAZARS 969 (1,021) 10 (10) - NEXIA SMITH & WILLIAMSON 25 (26) 10 (9) PKF LITTLEJOHN 883 (1,049) 11 (11) - JEFFREYS HENRY 20 (20) 11 (10) NEXIA SMITH & WILLIAMSON 871 (919) 12 (13) - CHAPMAN DAVIS 16 (16) 12 (12) JEFFREYS HENRY 560 (588) 12 (12) - MAZARS 16 (17) 13 (17) CHAPMAN DAVIS 420 (264) 14 (14) - HAYSMACINTYRE 13 (12) 14 (13) SAFFERY CHAMPNESS 379 (198) 15 (15) - UHY HACKER YOUNG 11 (11) 15 (15) HAYSMACINTYRE 290 (315) 16 (16) - SAFFERY CHAMPNESS 9 (6) 16 (16) JAMES COWPER KRESTON 271 (272) 17 (16) - MOORE KINGSTON SMITH 6 (6) 17 (14) UHY HACKER YOUNG 246 (331) 18 (19) ▲ COOPER PARRY GROUP 5 (5) 18 (18) RMT ACCOUNTANTS & BUSINESS ADVISORS 198 (245) 18 (19) ▲ MHA MACINTYRE HUDSON 5 (5) 19 (19) M. J. ABEDIN & CO CHARTERED ACCOUNTANTS 146 (172) 18 - ▲ PKF FRANCIS CLARK 5 - 20 (20) JOHNSTON CARMICHAEL 117 (161) 18 (19) ▲ SHIPLEYS 5 (5) 21 (24) PKF FRANCIS CLARK 107 (109) 22 (22) - ADLER SHINE 4 (4) 22 (21) WHITLEY PENN 106 (151) 22 (22) - BAKER TILLY CI AUDIT 4 (4) 23 - COHNREZNICK 90 - 22 (22) - HAZLEWOODS 4 (4) 24 (23) RPG CROUCH CHAPMAN 89 (115) 22 (17) ▼ JAMES COWPER KRESTON 4 (6) 25 - MHA MACINTYRE HUDSON 80 - 22 (22) - MOORE STEPHENS UK 4 (4) 26 - SHIPLEYS 75 -

BDO LLP Circassia Group PLC NWF Group PLC 55 Baker Street Clinigen Group PLC Origin Enterprises PLC London Craneware PLC Orosur Mining Inc W1U 7EU Curtis Banks Group PLC Pan African Resources PLC Diaceutics PLC Pebble Group (The) PLC T: +44 (0)20 7486 5888 Diurnal Group PLC Phoenix Global Resources PLC GRANT THORNTON UK LLP Diversified Gas & Oil PLC Regal Petroleum PLC 30 Finsbury Square Draper Esprit PLC ReNeuron Group PLC London Ebiquity PLC Restore PLC EC2P 2YU Eckoh PLC Rockhopper Exploration PLC T: +44 (0)20 7383 5100 Eddie Stobart Logistics PLC RWS Holdings PLC EKF Diagnostics Holdings PLC Safe Harbour Holdings PLC F: +44 (0)20 7383 4715 Faron Pharmaceuticals Oy SDX Energy PLC www.grantthornton.co.uk FastForward Innovations Ltd Sensyne Health PLC Filtronic PLC Silence Therapeutics PLC Aberdeen Frontier Markets Investment Co. Ltd Finsbury Food Group PLC Strix Group PLC ADVFN PLC Fox Marble Holdings PLC Team17 Group PLC AFC Energy PLC Fusion Antibodies PLC Thorpe (F.W.) PLC Allergy Therapeutics PLC PRICEWATERHOUSECOOPERS Gama Aviation PLC Time Out Group PLC Altitude Group PLC 7 More London Riverside Gattaca PLC Touchstar PLC Amryt Pharma PLC London Gooch & Housego PLC Trans-Siberian Gold PLC Andrews Sykes Group PLC SE1 2RT Griffin Mining Ltd Trinity Exploration & Production PLC AorTech International PLC T: +44 (0)20 7583 5000 GYG PLC Uniphar PLC Ashley House PLC Avingtrans PLC www.pwc.com Hutchison China Meditech Ltd Velocys PLC IG Design Group PLC Verona Pharma PLC Beeks Financial Cloud Group PLC IGas Energy PLC Versarien PLC Billington Holdings PLC 1Spatial PLC Biome Technologies PLC IMImobile PLC Vertu Motors PLC Abcam PLC Brave Bison Group PLC Immunodiagnostic Systems Holdings PLC Volex PLC Accsys Technologies PLC Cambridge Cognition Holdings PLC Inspiration Healthcare Group PLC Walker Greenbank PLC Actual Experience PLC CareTech Holdings PLC Intercede Group PLC Wilmcote Holdings PLC Amiad Water Systems Ltd Chamberlin PLC Animalcare Group PLC Invinity Energy Systems PLC YouGov PLC Checkit PLC Applegreen PLC Jersey Oil and Gas PLC City Pub Group (The) PLC Aquis Exchange PLC Johnson Service Group PLC Codemasters Group Holdings PLC ASOS PLC London Security PLC Concurrent Technologies PLC AssetCo PLC Loungers PLC Dods Group PLC Bahamas Petroleum Company PLC MC Mining Ltd e-Therapeutics PLC Blancco Technology Group PLC Mirriad Advertising PLC Elecosoft PLC boohoo group PLC Mobile Tornado Group PLC Enteq Upstream PLC Brooks Macdonald Group PLC Motif Bio PLC EQTEC PLC Cello Health PLC MySale Group PLC Ethernity Networks Ltd Cerillion PLC NAHL Group PLC Eurasia Mining PLC China New Energy Ltd Nexus Infrastructure PLC Flowtech Fluidpower PLC Churchill China PLC Nucleus Financial Group PLC Gateley (Holdings) PLC Numis Corporation PLC

16 Corporate Advisers Rankings Guide AUDITORS

GETECH Group PLC Dragon-Ukrainian Properties & Development PLC Oriole Resources PLC iEnergizer Ltd DX (Group) PLC Panthera Resources PLC Indus Gas Ltd Eden Research PLC Pires Investments PLC Ingenta PLC EIH PLC Plutus PowerGen PLC Inspired Energy PLC EMIS Group PLC CROWE Randall & Quilter Investment Holdings Ltd Instem PLC EPE Special Opportunities Ltd St Bride's House Remote Monitored Systems PLC IQGEO Group PLC Epwin Group PLC Renalytix AI PLC ITM Power PLC Equals Group PLC 10 Salisbury Square RiverFort Global Opportunities PLC IXICO PLC Ergomed PLC London SigmaRoc PLC Jaywing PLC Everyman Media Group PLC EC4Y 8EH Two Shields Investments PLC Judges Scientific PLC FIH Group PLC T: +44 (0)20 7842 7100 UniVision Engineering Ltd Landore Resources Ltd Focusrite PLC F: +44 (0)20 7583 1720 VR Education Holdings PLC LiDCO Group PLC Fulcrum Utility Services Ltd Woodbois Ltd Livermore Investments Group Ltd Futura Medical PLC www.crowe.co.uk LoopUp Group PLC Gear4music (Holdings) PLC LPA Group PLC Great Western Mining Corporation PLC AB Dynamics PLC Marlowe PLC Hargreaves Services PLC Adamas Finance Asia Ltd Mercantile Ports and Logistics Ltd Hydrodec Group PLC AdEPT Technology Group PLC Midwich Group PLC Impax Asset Management Group PLC Anglo African Oil & Gas PLC Modern Water PLC Induction Healthcare Group PLC Angus Energy PLC Mpac Group PLC IQE PLC Barkby Group (The) PLC MS International PLC Kromek Group PLC Byotrol PLC NEXIA SMITH & WILLIAMSON MyCelx Technologies Corporation Lansdowne Oil & Gas PLC CentralNic Group PLC 25 Moorgate M&C Saatchi PLC Netcall PLC Destiny Pharma PLC London Norish PLC Manx Financial Group PLC DP Poland PLC Oncimmune Holdings PLC Mincon Group PLC Echo Energy PLC EC2R 6AY Online Blockchain PLC Oilex Ltd Escape Hunt PLC T: +44 (0)20 7131 4000 Ovoca Bio PLC Petards Group PLC Filta Group Holdings PLC F: +44 (0)20 7131 4001 Oxford BioDynamics PLC Premier African Minerals Ltd Hornby PLC www.smithandwilliamson.com Parity Group PLC Premier Miton Group PLC Jangada Mines PLC PCI-PAL PLC PROACTIS Holdings PLC Jarvis Securities PLC Alba Mineral Resources PLC Pebble Beach Systems Group PLC ProPhotonix Ltd Katoro Gold PLC Arcontech Group PLC Pressure Technologies PLC Providence Resources PLC Kibo Energy PLC Argentex Group PLC Quartix Holdings PLC Quixant PLC Learning Technologies Group PLC B90 Holdings PLC Real Estate Investors PLC Redcentric PLC Malvern International PLC Catenae Innovation PLC Reconstruction Capital II Ltd Renew Holdings PLC Metal Tiger PLC CloudCoCo Group PLC Rockfire Resources PLC Safestyle UK PLC Nu-Oil and Gas PLC Croma Security Solutions Group PLC Rosslyn Data Technologies PLC San Leon Energy PLC Pelatro PLC DeepMatter Group PLC Safestay PLC Shield Therapeutics PLC Phoenix Copper Ltd Deltex Medical Group PLC Savannah Energy PLC Simplybiz Group (The) PLC PHSC PLC SDI Group PLC SmartSpace Software PLC Egdon Resources PLC PipeHawk PLC Spitfire Oil Ltd Sylvania Platinum Ltd eve Sleep PLC Plexus Holdings PLC Staffline Group PLC Tekmar Group PLC Fletcher King PLC Polarean Imaging PLC Thruvision Group PLC Total Produce PLC HML Holdings PLC Prime People PLC Transense Technologies PLC Tracsis PLC Immedia Group PLC Tri-Star Resources PLC Tremor International Ltd Sound Energy PLC ImmuPharma PLC Tricorn Group PLC Tristel PLC Sunrise Resources PLC MediaZest PLC ULS Technology PLC Volga Gas PLC Tavistock Investments PLC Metals Exploration PLC Velocity Composites PLC Watchstone Group PLC Tertiary Minerals PLC Michelmersh Brick Holdings PLC Venture Life Group PLC Webis Holdings PLC TruFin PLC Ormonde Mining PLC Vianet Group PLC Weiss Korea Opportunity Fund Ltd Vast Resources PLC Panoply Holdings (The) PLC Victoria PLC Wentworth Resources PLC Verditek PLC Panther Securities PLC Xeros Technology Group PLC Water Intelligence PLC Parkmead Group (The) PLC Zambeef Products PLC Xpediator PLC SRT Marine Systems PLC Zoo Digital Group PLC Tern PLC RSM Urban Logistics REIT PLC 25 Farringdon Street London EC4A 4AB T: +44 (0)20 3201 8000 PKF LITTLEJOHN LLP 15 Westferry Circus DELOITTE LLP Canary Wharf 2 New Street Square London KPMG London E14 4HD 15 Canada Square EC4A 3BZ T: +44 (0)20 7516 2200 Canary Wharf T: +44 (0)20 7936 3000 F: + 44 (0)20 7516 2400 JEFFREYS HENRY LLP London www.pkf-littlejohn.com Finsgate E14 5GL 5-7 Cranwood Street T: +44 (0)20 7311 1000 Altus Strategies PLC London Arc Minerals Ltd F: +44 (0)20 7311 3311 EY EC1V 9EE Ariana Resources PLC www.home.kpmg.com/uk 25 Churchill Place T: +44 (0)20 7309 2222 Canary Wharf Attis Oil and Gas Ltd Bluejay Mining PLC F: +44 (0)20 7309 2309 accesso Technology Group PLC London Braveheart Investment Group PLC www.jeffreyshenry.com Agronomics Ltd E14 5EY China Nonferrous Gold Ltd Alliance Pharma PLC T: +44 (0)20 7951 2000 Condor Gold PLC Active Energy Group PLC Alpha Financial Markets Consulting PLC Cora Gold Ltd Adams PLC Arricano Real Estate PLC Coro Energy PLC Alien Metals Ltd Avacta Group PLC ECR Minerals PLC Baron Oil PLC Base Resources Ltd eEnergy Group PLC Concepta PLC Benchmark Holdings PLC Empire Metals Ltd Dewhurst PLC Breedon Group PLC Erris Resources PLC dotDigital Group PLC C4X Discovery Holdings PLC Helios Underwriting PLC Integumen PLC Cambium Global Timberland Ltd i3 Energy PLC MobilityOne Ltd Circle Property PLC Infrastrata PLC New Trend Lifestyle Group PLC Cohort PLC Nostra Terra Oil & Gas Company PLC CPL Resources PLC Inspirit Energy Holdings PLC Open Orphan PLC Creo Medical Group PLC Kazera Global PLC Crystal Amber Fund Ltd Keras Resources PLC OptiBiotix Health PLC Dart Group PLC Limitless Earth PLC Phimedix PLC Dolphin Capital Investors Ltd Mobile Streams PLC PowerHouse Energy Group PLC Octagonal PLC REACT Group PLC

16 Corporate Advisers Rankings Guide 17 AUDITORS

SkinBioTherapeutics PLC SAFFERY CHAMPNESS Sosandar PLC 71 Queen Victoria Street Stanley Gibbons Group (The) PLC London Windar Photonics PLC EC4V 4BE T: +44 (0)20 7841 4000 JAMES COWPER KRESTON CHAPMAN DAVIS LLP Reading Bridge House 2 Chapel Court MOORE KINGSTON SMITH LLP George Street Borough High Street Reading Bringing Devonshire House London 60 Goswell Road Berkshire SE1 1HH London RG1 8LS T: +44 (0)20 7357 6008 EC1M 7AD T: +44 (0)118 959 0261 T: +44 (0)20 7566 4000 www.jamescowperkreston.co.uk

MAZARS LLP Bioventix PLC simplicity to Hardide PLC Tower Bridge House COOPER PARRY GROUP LTD One Media iP Group PLC St Katharine’s Way Sky View Volvere PLC London Argosy Road E1W 1DD East Midlands Airport T: +44 (0)20 7063 4000 Derby DE74 2SA the complex T: +44 (0)1332 411 163 HAYSMACINTYRE LLP 10 Queen Street Place London SHIPLEYS LLP EC4R 1AG 10 Orange Street T: +44 (0)20 7969 5500 Haymarket world of London WC2H 7DQ UHY HACKER YOUNG T: +44 (0)20 7312 0000 Quadrant House 4 Thomas More Square London E1W 1YW global T: +44 (0)20 7216 4600 mobility Global reach with a personal scale

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Basic Materials Clients Number of clients RANK AUDITOR MAY ‘20 FEB ‘20 1 (1) - BDO 40 (38) 2 (4) ▲ KPMG 19 (18) 2 (2) - PRICEWATERHOUSECOOPERS 19 (20) GRANT THORNTON UK LLP 30 Finsbury Square (3) (19) 4 ▼ EY 17 London 4 (5) ▲ PKF LITTLEJOHN 17 (16) EC2P 2YU JEFFREYS HENRY LLP T: +44 (0)20 7383 5100 6 (6) - DELOITTE 12 (13) Finsgate F: +44 (0)20 7383 4715 5-7 Cranwood Street 7 (7) - GRANT THORNTON UK 10 (9) www.grantthornton.co.uk London 8 (7) ▼ CHAPMAN DAVIS 9 (9) EC1V 9EE Avocet Mining PLC T: +44 (0)20 7309 2222 8 (7) ▼ CROWE 9 (9) Biome Technologies PLC F: +44 (0)20 7309 2309 Chamberlin PLC 10 (7) ▼ 8 (9) www.jeffreyshenry.com RSM Eurasia Mining PLC 11 (11) - NEXIA SMITH & WILLIAMSON 3 (3) Landore Resources Ltd MS International PLC Alien Metals Ltd 12 - ▲ JEFFREYS HENRY 2 - PJSC PhosAgro Phimedix PLC 12 (11) ▼ MAZARS 2 (3) Rockfire Resources PLC Tri-Star Resources PLC 12 (11) ▼ UHY HACKER YOUNG 2 (3) Tricorn Group PLC MAZARS LLP Tower Bridge House St Katharine’s Way BDO LLP EY CHAPMAN DAVIS LLP London 55 Baker Street 25 Churchill Place 2 Chapel Court E1W 1DD London Canary Wharf Borough High Street T: +44 (0)20 7063 4000 W1U 7EU London London T: +44 (0)20 7486 5888 E14 5EY SE1 1HH T: +44 (0)20 7951 2000 T: +44 (0)20 7357 6008 UHY HACKER YOUNG Quadrant House KPMG 4 Thomas More Square 15 Canada Square London Canary Wharf E1W 1YW London T: +44 (0)20 7216 4600 E14 5GL PKF LITTLEJOHN LLP T: +44 (0)20 7311 1000 CROWE 15 Westferry Circus F: +44 (0)20 7311 3311 St Bride's House Canary Wharf www.home.kpmg.com/uk 10 Salisbury Square London London E14 4HD EC4Y 8EH T: +44 (0)20 7516 2200 T: +44 (0)20 7842 7100 F: + 44 (0)20 7516 2400 F: +44 (0)20 7583 1720 www.pkf-littlejohn.com www.crowe.co.uk JAMES COWPER KRESTON Altus Strategies PLC Reading Bridge House Arc Minerals Ltd Anglo African Oil & Gas PLC George Street Ariana Resources PLC Byotrol PLC Reading Bluejay Mining PLC Jangada Mines PLC Katoro Gold PLC Berkshire Chesterfield Resources PLC RG1 8LS China Nonferrous Gold Ltd Kibo Energy PLC T: +44 (0)118 959 0261 PRICEWATERHOUSECOOPERS Condor Gold PLC Phoenix Copper Ltd 7 More London Riverside Cora Gold Ltd Sunrise Resources PLC www.jamescowperkreston.co.uk London ECR Minerals PLC Tertiary Minerals PLC SE1 2RT Emmerson PLC Vast Resources PLC Hardide PLC T: +44 (0)20 7583 5000 Empire Metals Ltd www.pwc.com Erris Resources PLC Kavango Resources PLC Keras Resources PLC RSM Anglo American PLC Oriole Resources PLC 25 Farringdon Street Antofagasta PLC Panthera Resources PLC London Bodycote PLC Pembridge Resources PLC Centamin PLC EC4A 4AB Griffin Mining Ltd T: +44 (0)20 3201 8000 Johnson Matthey PLC JSC NAC Kazatomprom DELOITTE LLP Mondi PLC Novolipetsk Steel 2 New Street Square Orosur Mining Inc London Pan African Resources PLC EC4A 3BZ PJSC Magnitogorsk Iron & Steel Works T: +44 (0)20 7936 3000 Pure Gold Mining Inc. NEXIA SMITH & WILLIAMSON RHI Magnesita N.V. 25 Moorgate Synthomer PLC Trans-Siberian Gold PLC London Versarien PLC EC2R 6AY Victrex PLC T: +44 (0)20 7131 4000 Zotefoams PLC F: +44 (0)20 7131 4001 www.smithandwilliamson.com

Alba Mineral Resources PLC Metals Exploration PLC Ormonde Mining PLC

20 Corporate Advisers Rankings Guide AUDITORS

Consumer Discretionary & Consumer Staples Clients Number of clients RANK AUDITOR MAY ‘20 FEB ‘20 1 (1) - PRICEWATERHOUSECOOPERS 68 (73) 2 (2) - KPMG 47 (46) CROWE GRANT THORNTON UK LLP 3 (3) - BDO 40 (42) St Bride's House 30 Finsbury Square 10 Salisbury Square 4 (4) - DELOITTE 39 (39) London London EC4Y 8EH EC2P 2YU 5 (5) - EY 37 (37) T: +44 (0)20 7842 7100 T: +44 (0)20 7383 5100 F: +44 (0)20 7583 1720 6 (6) - GRANT THORNTON UK 12 (13) F: +44 (0)20 7383 4715 www.crowe.co.uk 7 (7) - RSM 11 (11) www.grantthornton.co.uk 8 (10) 6 (4) Barkby Group (The) PLC ▲ HAYSMACINTYRE City Pub Group (The) PLC DP Poland PLC Codemasters Group Holdings PLC 9 (8) ▼ JEFFREYS HENRY 5 (5) Escape Hunt PLC Dods Group PLC Hornby PLC 9 (8) ▼ MAZARS 5 (5) Fuller, Smith & Turner PLC Jaywing PLC 11 (10) ▼ CROWE 4 (4) Mothercare PLC 11 (10) ▼ NEXIA SMITH & WILLIAMSON 4 (4) Quarto Group (The) Inc. Safestay PLC 11 (13) ▲ PKF FRANCIS CLARK 4 (3) Victoria PLC Wetherspoon (J.D.) PLC 14 (13) ▼ 3 (3) MHA MACINTYRE HUDSON Wilmington PLC Zambeef Products PLC NEXIA SMITH & WILLIAMSON 25 Moorgate Premier Veterinary Group PLC London EC2R 6AY T: +44 (0)20 7131 4000 PureCircle Ltd RSM Reach PLC F: +44 (0)20 7131 4001 25 Farringdon Street Revolution Bars Group PLC www.smithandwilliamson.com Ros Agro PLC London S4 Capital PLC EC4A 4AB B90 Holdings PLC ScS Group PLC T: +44 (0)20 3201 8000 Catenae Innovation PLC STV Group PLC eve Sleep PLC Team17 Group PLC MediaZest PLC PRICEWATERHOUSECOOPERS Ten Entertainment Group PLC 7 More London Riverside TI Fluid Systems PLC HAYSMACINTYRE LLP London Time Out Group PLC 10 Queen Street Place SE1 2RT Topps Tiles PLC London T: +44 (0)20 7583 5000 Toyota Motor Corporation EC4R 1AG www.pwc.com Uniphar PLC T: +44 (0)20 7969 5500 Vertu Motors PLC AA PLC Vistry Group PLC Air Partner PLC Vivo Energy PLC Walker Greenbank PLC Applegreen PLC JAMES COWPER KRESTON ASOS PLC WH Smith PLC Reading Bridge House Bakkavor Group PLC Wizz Air Holdings PLC boohoo group PLC YouGov PLC George Street Burberry Group PLC Reading Carnival PLC Berkshire RG1 8LS Centaur Media PLC T: +44 (0)118 959 0261 KPMG Churchill China PLC www.jamescowperkreston.co.uk Cineworld Group PLC 15 Canada Square Coca-Cola HBC AG Canary Wharf JEFFREYS HENRY LLP One Media iP Group PLC Countryside Properties PLC London Finsgate Cranswick PLC E14 5GL 5-7 Cranwood Street Crest Nicholson Holdings PLC T: +44 (0)20 7311 1000 London Daily Mail and General Trust PLC F: +44 (0)20 7311 3311 EC1V 9EE Dairy Farm International Holdings Ltd www.home.kpmg.com/uk Diageo PLC T: +44 (0)20 7309 2222 Domino's Pizza Group PLC F: +44 (0)20 7309 2309 DP Eurasia N.V. www.jeffreyshenry.com PKF LITTLEJOHN LLP Dunelm Group PLC BDO LLP 15 Westferry Circus easyJet PLC Grand Vision Media Holdings PLC Canary Wharf Ebiquity PLC 55 Baker Street Integumen PLC Edita Food Industries S.A.E London New Trend Lifestyle Group PLC London Euromoney Institutional Investor PLC W1U 7EU Sosandar PLC E14 4HD Finsbury Food Group PLC T: +44 (0)20 7486 5888 Stanley Gibbons Group (The) PLC T: +44 (0)20 7516 2200 Future PLC F: + 44 (0)20 7516 2400 Games Workshop Group PLC www.pkf-littlejohn.com Headlam Group PLC Hilton Food Group PLC DELOITTE LLP MAZARS LLP Woodbois Ltd IG Design Group PLC 2 New Street Square Tower Bridge House Kerry Group PLC London St Katharine’s Way LG Electronics Inc EC4A 3BZ London Loungers PLC Mandarin Oriental International Ltd T: +44 (0)20 7936 3000 E1W 1DD McBride PLC T: +44 (0)20 7063 4000 MJ Gleeson PLC Morrison (Wm) Supermarkets PLC Motorpoint Group PLC EY MySale Group PLC 25 Churchill Place NAHL Group PLC Canary Wharf Next PLC London O'Key Group SA E14 5EY Origin Enterprises PLC T: +44 (0)20 7951 2000 Pearson PLC Pebble Group (The) PLC

20 Corporate Advisers Rankings Guide 21 AUDITORS

Energy Clients Number of clients MAZARS LLP RANK AUDITOR MAY ‘20 FEB ‘20 Tower Bridge House 1 (1) - BDO 29 (28) St Katharine’s Way PKF LITTLEJOHN LLP London 2 (2) - EY 21 (20) 15 Westferry Circus E1W 1DD 3 (3) - DELOITTE 18 (19) Canary Wharf T: +44 (0)20 7063 4000 3 (4) ▲ PRICEWATERHOUSECOOPERS 18 (18) London E14 4HD 5 (5) - KPMG 15 (15) T: +44 (0)20 7516 2200 6 (7) ▲ GRANT THORNTON UK 10 (10) F: + 44 (0)20 7516 2400 www.pkf-littlejohn.com 7 (6) ▼ CROWE 9 (12) 8 (8) - PKF LITTLEJOHN 7 (7) Attis Oil and Gas Ltd Coro Energy PLC 9 (9) - JEFFREYS HENRY 5 (5) eEnergy Group PLC 10 (10) - UHY HACKER YOUNG 4 (4) i3 Energy PLC Predator Oil & Gas Holdings PLC 11 (11) - CHAPMAN DAVIS 3 (3) Zenith Energy Ltd 12 (12) - BENTLEYS 2 (2) Zoetic International PLC 12 (12) - NEXIA SMITH & WILLIAMSON 2 (2)

BDO LLP KPMG 55 Baker Street 15 Canada Square London Canary Wharf W1U 7EU London T: +44 (0)20 7486 5888 E14 5GL T: +44 (0)20 7311 1000 F: +44 (0)20 7311 3311 JEFFREYS HENRY LLP www.home.kpmg.com/uk Finsgate EY 5-7 Cranwood Street 25 Churchill Place London Canary Wharf EC1V 9EE London T: +44 (0)20 7309 2222 E14 5EY F: +44 (0)20 7309 2309 T: +44 (0)20 7951 2000 www.jeffreyshenry.com

Active Energy Group PLC GRANT THORNTON UK LLP DELOITTE LLP Baron Oil PLC 30 Finsbury Square Nostra Terra Oil & Gas Company PLC 2 New Street Square London PowerHouse Energy Group PLC London EC2P 2YU Thalassa Holdings Ltd EC4A 3BZ T: +44 (0)20 7383 5100 T: +44 (0)20 7936 3000 F: +44 (0)20 7383 4715 www.grantthornton.co.uk UHY HACKER YOUNG AFC Energy PLC Quadrant House Enteq Upstream PLC 4 Thomas More Square EQTEC PLC London Gazprom PJSC E1W 1YW GETECH Group PLC T: +44 (0)20 7216 4600 Indus Gas Ltd Inspired Energy PLC ITM Power PLC Savannah Energy PLC CHAPMAN DAVIS LLP PRICEWATERHOUSECOOPERS Spitfire Oil Ltd 2 Chapel Court 7 More London Riverside Borough High Street London London SE1 2RT SE1 1HH T: +44 (0)20 7583 5000 T: +44 (0)20 7357 6008 www.pwc.com

Bahamas Petroleum Company PLC CROWE Cairn Energy PLC Diversified Gas & Oil PLC St Bride's House Genel Energy PLC 10 Salisbury Square IGas Energy PLC London Jersey Oil and Gas PLC EC4Y 8EH NEXIA SMITH & WILLIAMSON MC Mining Ltd T: +44 (0)20 7842 7100 25 Moorgate Oil & Gas Development Co Ltd (J) F: +44 (0)20 7583 1720 London PAO Novatek www.crowe.co.uk Phoenix Global Resources PLC EC2R 6AY PV Crystalox Solar PLC T: +44 (0)20 7131 4000 Angus Energy PLC Regal Petroleum PLC F: +44 (0)20 7131 4001 Curzon Energy PLC Rockhopper Exploration PLC www.smithandwilliamson.com Echo Energy PLC RockRose Energy PLC Nu-Oil and Gas PLC SDX Energy PLC Egdon Resources PLC Pennpetro Energy PLC Tatneft PJSC Parkmead Group (The) PLC Plexus Holdings PLC Trinity Exploration & Production PLC Sound Energy PLC Velocys PLC Upland Resources Ltd Verditek PLC

22 Corporate Advisers Rankings Guide AUDITORS

Financials & Real Estate Clients Number of clients Numis Corporation PLC RANK AUDITOR MAY ‘20 FEB ‘20 Octopus Renewables Infrastructure Trust PLC Permanent tsb Group Holdings PLC 1 (1) - PRICEWATERHOUSECOOPERS 122 (127) Personal Assets Trust PLC 2 (4) ▲ BDO 116 (108) Plus500 Ltd Polar Capital Global Financials Trust PLC GRANT THORNTON UK LLP 3 (2) ▼ EY 113 (120) Polar Capital Global Healthcare Trust PLC 30 Finsbury Square 3 (3) ▼ KPMG 113 (119) Pollen Street Secured Lending PLC London Princess Private Equity Holding Ltd EC2P 2YU (5) - (92) Record PLC 5 DELOITTE 89 T: +44 (0)20 7383 5100 River and Mercantile UK Micro Cap Inv. Co. Ltd 6 (6) - GRANT THORNTON UK 25 (29) Safe Harbour Holdings PLC F: +44 (0)20 7383 4715 www.grantthornton.co.uk 7 (7) - PKF LITTLEJOHN 22 (23) Sanne Group PLC Savills PLC 8 (8) - CROWE 20 (19) Sberbank of Russia Aberdeen Frontier Markets Investment Co. Ltd ADVFN PLC 9 (9) - RSM 14 (15) Schroder European Real Estate Inv. Trust PLC Schroder Oriental Income Fund Ltd Allianz Technology Trust PLC 10 (10) - UHY HACKER YOUNG 11 (10) Scottish Investment Trust (The) PLC Alternative Liquidity Fund Ltd Scottish Mortgage Investment Trust PLC Atlantis Japan Growth Fund Ltd 11 (11) - HAYSMACINTYRE 6 (7) SDCL Energy Efficiency Income Trust PLC Aurora Investment Trust PLC 11 (12) ▲ JEFFREYS HENRY 6 (6) Segro PLC Ceiba Investments Ltd SME Credit Realisation Fund Ltd Downing Strategic Micro-Cap Inv. Trust PLC 11 (17) ▲ JOHNSTON CARMICHAEL 6 (4) St James's Place PLC Ediston Property Investment Company PLC EverArc Holdings Ltd 11 (13) ▲ MAZARS 6 (5) Starwood European Real Estate Finance Ltd TBC Bank Group PLC Henderson Alternative Strategies Trust PLC 15 (13) ▼ HAZLEWOODS 5 (5) TCS Group Holding PLC Henderson International Income Trust PLC Troy Income & Growth Trust PLC HgCapital Trust PLC 15 (13) ▼ NEXIA SMITH & WILLIAMSON 5 (5) Tufton Oceanic Assets Ltd Invesco Perpetual Select Trust PLC 17 (13) ▼ BAKER TILLY CI AUDIT 4 (5) TwentyFour Income Fund Ltd IRF European Finance Investments Ltd TwentyFour Select Monthly Income Fund Ltd JPMorgan Japan Smaller Companies Trust PLC 18 (19) ▲ CHAPMAN DAVIS 2 (2) U and I Group PLC JPMorgan US Smaller Companies IT PLC VinaCapital Vietnam Opportunity Fund Ltd Life Settlement Assets PLC 18 (18) - MOORE STEPHENS UK 2 (3) VPC Specialty Lending Investments PLC Livermore Investments Group Ltd 18 - ▲ SAFFERY CHAMPNESS 2 - Wilmcote Holdings PLC Pembroke VCT PLC Worldwide Healthcare Trust PLC Real Estate Investors PLC 18 (19) ▲ SHIPLEYS 2 (2) Reconstruction Capital II Ltd Schroder UK Public Private Trust PLC Supply@ME Capital PLC BDO LLP Witan Investment Trust PLC Digital Landscape Group, Inc. 55 Baker Street Draper Esprit PLC London Drum Income Plus REIT PLC Edinburgh Investment Trust (The) PLC W1U 7EU European Assets Trust PLC T: +44 (0)20 7486 5888 European Opportunities Trust PLC FastForward Innovations Ltd FBD Holdings PLC PKF LITTLEJOHN LLP EY Finsbury Growth & Income Trust PLC 15 Westferry Circus PRICEWATERHOUSECOOPERS 25 Churchill Place Gabelli Merger Plus+ Trust PLC Canary Wharf 7 More London Riverside Gabelli Value Plus+ Trust PLC Canary Wharf London London GCP Asset Backed Income Fund Ltd London E14 4HD SE1 2RT Grit Real Estate Income Group Ltd E14 5EY T: +44 (0)20 7516 2200 T: +44 (0)20 7583 5000 Guaranty Trust Bank PLC T: +44 (0)20 7951 2000 www.pwc.com Hammerson PLC F: + 44 (0)20 7516 2400 Hansa Investment Company Ltd www.pkf-littlejohn.com Aberdeen Diversified Inc. and Growth Trust PLC Hansard Global PLC APi Group Corporation Hargreaves Lansdown PLC KPMG Alpha Growth PLC Aquila European Renewables Income Fund PLC Harworth Group PLC Anglo African Agriculture PLC Henderson High Income Trust PLC 15 Canada Square Aquis Exchange PLC Canary Wharf Braveheart Investment Group PLC Herald Investment Trust PLC BSF Enterprise PLC Arix Bioscience PLC London Artemis Alpha Trust PLC Highbridge Tactical Credit Fund Ltd Cobra Resources PLC Aviva PLC Hipgnosis Songs Fund Ltd E14 5GL Dukemount Capital PLC Baillie Gifford UK Growth Fund PLC Hiscox Ltd T: +44 (0)20 7311 1000 Global Resources Investment Trust PLC Banco Santander, S.A. Honeycomb Investment Trust PLC F: +44 (0)20 7311 3311 Helios Underwriting PLC Bank of Cyprus Holdings PLC Hongkong Land Holdings Ltd www.home.kpmg.com/uk Investment Company (The) PLC BankMuscat (SAOG) HSBC Holdings PLC Limitless Earth PLC BioPharma Credit PLC IG Group Holdings PLC London Finance & Investment Group PLC BlackRock Latin American Investment Trust PLC International Biotechnology Trust PLC Mila Resources PLC BlackRock North American Income Trust PLC Invesco Enhanced Income Ltd DELOITTE LLP Path Investments PLC BlackRock Smaller Companies Trust PLC JPEL Private Equity Ltd 2 New Street Square Pires Investments PLC BlackRock Throgmorton Trust PLC JPMorgan Claverhouse Investment Trust PLC Plutus PowerGen PLC JPMorgan Global Core Real Assets Ltd London BlackRock World Mining Trust PLC EC4A 3BZ Randall & Quilter Investment Holdings Ltd BMO Commercial Property Trust Ltd JPMorgan Indian Investment Trust PLC RiverFort Global Opportunities PLC T: +44 (0)20 7936 3000 BMO Real Estate Investments Ltd JPMorgan Japanese Investment Trust PLC Rockpool Acquisitions PLC Boot (Henry) PLC JPMorgan Mid Cap Investment Trust PLC Spinnaker Opportunities PLC British Land Company PLC JPMorgan Multi-Asset Trust PLC Sure Ventures PLC Brooks Macdonald Group PLC JTC PLC Trident Resources PLC Brunner Investment Trust (The) PLC Jupiter Fund Management PLC Two Shields Investments PLC Canadian General Investments Ltd Keystone Investment Trust PLC Capital & Counties Properties PLC Lindsell Train Investment Trust (The) PLC Capital Gearing Trust PLC Liontrust Asset Management PLC City Merchants High Yield Trust Ltd Lloyds Banking Group PLC City of London Investment Trust (The) PLC Marwyn Value Investors Ltd Civitas Social Housing PLC Mercantile Investment Trust (The) PLC Close Brothers Group PLC Metro Bank PLC CMC Markets PLC Miton Global Opportunities PLC Commercial International Bank (Egypt) SAE (J) Mobius Investment Trust PLC Countrywide PLC Murray Income Trust PLC Curtis Banks Group PLC NB Global Floating Rate Income Fund Ltd Derwent London PLC NewRiver REIT PLC Nucleus Financial Group PLC

22 Corporate Advisers Rankings Guide 23 AUDITORS

SAFFERY CHAMPNESS 71 Queen Victoria Street London EC4V 4BE CROWE NEXIA SMITH & WILLIAMSON T: +44 (0)20 7841 4000 St Bride's House 25 Moorgate 10 Salisbury Square London London EC2R 6AY EC4Y 8EH JEFFREYS HENRY LLP T: +44 (0)20 7131 4000 SHIPLEYS LLP T: +44 (0)20 7842 7100 Finsgate F: +44 (0)20 7131 4001 10 Orange Street F: +44 (0)20 7583 1720 5-7 Cranwood Street www.smithandwilliamson.com Haymarket www.crowe.co.uk London London EC1V 9EE Argentex Group PLC WC2H 7DQ Adamas Finance Asia Ltd T: +44 (0)20 7309 2222 Fletcher King PLC T: +44 (0)20 7312 0000 Aquila Services Group PLC F: +44 (0)20 7309 2309 HML Holdings PLC Aseana Properties Ltd www.jeffreyshenry.com Panther Securities PLC Bermele PLC Urban Logistics REIT PLC Blencowe Resources PLC Adams PLC Cardiff Property (The) PLC Fandango Holdings PLC Challenger Acquisitions Ltd Local Shopping REIT (The) PLC Contango Holdings PLC Papillon Holdings PLC BAKER TILLY CI AUDIT LIMITED daVictus PLC REACT Group PLC Mont Crevelt House Fragrant Prosperity Holdings Ltd Stranger Holdings PLC Bulwer Avenue Grand Fortune High Grade Ltd St Sampson JAMES COWPER KRESTON Jarvis Securities PLC Guernsey MENA Land PLC Reading Bridge House MAZARS LLP T: +44 (0)1481 245 244 George Street Metal Tiger PLC Tower Bridge House Mining, Minerals & Metals PLC Reading St Katharine’s Way RDL Realisation PLC Berkshire London Tavistock Investments PLC CHAPMAN DAVIS LLP RG1 8LS TruFin PLC E1W 1DD 2 Chapel Court T: +44 (0)118 959 0261 UAE Oil Services PLC T: +44 (0)20 7063 4000 www.jamescowperkreston.co.uk Vertu Capital Ltd Borough High Street London Volvere PLC HAZLEWOODS LLP SE1 1HH Windsor House T: +44 (0)20 7357 6008 RSM Bayshill Road 25 Farringdon Street Cheltenham London GL50 3AT MOORE STEPHENS UK EC4A 4AB T: +44 (0)1242 237 661 T: +44 (0)20 3201 8000 1 Hill Street London W1J 5LA T: +44 (0)20 7334 9191 UHY HACKER YOUNG F: +44 (0)20 7248 3408 Quadrant House www.moorestephens.co.uk 4 Thomas More Square London E1W 1YW T: +44 (0)20 7216 4600

HAYSMACINTYRE LLP 10 Queen Street Place London EC4R 1AG T: +44 (0)20 7969 5500

24 Corporate Advisers Rankings Guide AUDITORS

Health Care Clients Number of clients EY MAZARS LLP RANK AUDITOR MAY ‘20 FEB ‘20 25 Churchill Place Tower Bridge House 1 (1) - PRICEWATERHOUSECOOPERS 24 (24) Canary Wharf St Katharine’s Way London London 2 (2) - KPMG 18 (19) E14 5EY E1W 1DD 3 (3) - GRANT THORNTON UK 14 (13) T: +44 (0)20 7951 2000 T: +44 (0)20 7063 4000 4 (4) - BDO 9 (9) 5 (5) - DELOITTE 7 (8) 5 (6) ▲ RSM 7 (7) 7 (7) - EY 5 (6) 8 (8) 4 (4) - JEFFREYS HENRY NEXIA SMITH & WILLIAMSON 9 (10) ▲ PKF LITTLEJOHN 3 (2) 25 Moorgate London 10 (9) ▼ CROWE 2 (3) EC2R 6AY 10 (10) - MAZARS 2 (2) JEFFREYS HENRY LLP T: +44 (0)20 7131 4000 Finsgate 10 (10) - NEXIA SMITH & WILLIAMSON 2 (2) F: +44 (0)20 7131 4001 5-7 Cranwood Street www.smithandwilliamson.com 10 (10) - RPG CROUCH CHAPMAN 2 (2) London 10 (10) - SAFFERY CHAMPNESS 2 (2) EC1V 9EE Deltex Medical Group PLC T: +44 (0)20 7309 2222 ImmuPharma PLC 10 (10) - SHIPLEYS 2 (2) F: +44 (0)20 7309 2309 www.jeffreyshenry.com

Concepta PLC Open Orphan PLC OptiBiotix Health PLC SkinBioTherapeutics PLC

GRANT THORNTON UK LLP 30 Finsbury Square JAMES COWPER KRESTON London Reading Bridge House George Street PRICEWATERHOUSECOOPERS EC2P 2YU Reading 7 More London Riverside T: +44 (0)20 7383 5100 Berkshire London F: +44 (0)20 7383 4715 PKF LITTLEJOHN LLP RG1 8LS SE1 2RT www.grantthornton.co.uk 15 Westferry Circus T: +44 (0)118 959 0261 T: +44 (0)20 7583 5000 Canary Wharf www.jamescowperkreston.co.uk www.pwc.com Allergy Therapeutics PLC London Amryt Pharma PLC E14 4HD AorTech International PLC Bioventix PLC Abcam PLC T: +44 (0)20 7516 2200 Cambridge Cognition Holdings PLC Animalcare Group PLC F: + 44 (0)20 7516 2400 CareTech Holdings PLC AstraZeneca PLC e-Therapeutics PLC www.pkf-littlejohn.com Cello Health PLC IXICO PLC Circassia Group PLC LiDCO Group PLC Hemogenyx Pharmaceuticals PLC Clinigen Group PLC Medica Group PLC IQ-AI Ltd Craneware PLC Oncimmune Holdings PLC Renalytix AI PLC Dechra Pharmaceuticals PLC Ovoca Bio PLC Diaceutics PLC Oxford BioDynamics PLC Diurnal Group PLC SDI Group PLC EKF Diagnostics Holdings PLC Venture Life Group PLC Faron Pharmaceuticals Oy Fusion Antibodies PLC Hikma Pharmaceuticals PLC Hutchison China Meditech Ltd BDO LLP Immunodiagnostic Systems Holdings PLC CROWE Indivior PLC 55 Baker Street St Bride's House Inspiration Healthcare Group PLC London 10 Salisbury Square Mediclinic International PLC W1U 7EU London Motif Bio PLC T: +44 (0)20 7486 5888 EC4Y 8EH ReNeuron Group PLC Sensyne Health PLC T: +44 (0)20 7842 7100 Silence Therapeutics PLC F: +44 (0)20 7583 1720 Verona Pharma PLC DELOITTE LLP www.crowe.co.uk 2 New Street Square London Destiny Pharma PLC EC4A 3BZ Polarean Imaging PLC KPMG T: +44 (0)20 7936 3000 15 Canada Square Canary Wharf London E14 5GL RSM T: +44 (0)20 7311 1000 25 Farringdon Street F: +44 (0)20 7311 3311 London www.home.kpmg.com/uk EC4A 4AB T: +44 (0)20 3201 8000

24 Corporate Advisers Rankings Guide 25 AUDITORS

Industrials Clients Number of clients Avingtrans PLC MAZARS LLP RANK AUDITOR MAY ‘20 FEB ‘20 Billington Holdings PLC Tower Bridge House Checkit PLC 1 (1) - PRICEWATERHOUSECOOPERS 52 (51) St Katharine’s Way Flowtech Fluidpower PLC London 2 (2) - KPMG 45 (50) Gateley (Holdings) PLC iEnergizer Ltd E1W 1DD 3 (4) ▲ BDO 35 (29) Judges Scientific PLC T: +44 (0)20 7063 4000 4 (3) ▼ DELOITTE 33 (30) LPA Group PLC Marlowe PLC 5 (5) - GRANT THORNTON UK 25 (25) Mears Group PLC Mercantile Ports and Logistics Ltd 6 (6) - 18 (18) EY Midwich Group PLC 7 (7) - RSM 13 (13) Modern Water PLC Mpac Group PLC 8 (8) - CROWE 7 (7) Norish PLC NEXIA SMITH & WILLIAMSON 9 (9) - PKF LITTLEJOHN 6 (6) PCI-PAL PLC 25 Moorgate Pressure Technologies PLC 10 (10) - MAZARS 5 (4) Staffline Group PLC London EC2R 6AY 11 (10) 3 (4) Thruvision Group PLC ▼ NEXIA SMITH & WILLIAMSON Transense Technologies PLC T: +44 (0)20 7131 4000 11 (12) ▲ SAFFERY CHAMPNESS 3 (2) Velocity Composites PLC F: +44 (0)20 7131 4001 Vianet Group PLC www.smithandwilliamson.com 13 (12) ▲ COOPER PARRY GROUP 2 (2) Xeros Technology Group PLC 13 (12) ▲ HAYSMACINTYRE 2 (2) Croma Security Solutions Group PLC Michelmersh Brick Holdings PLC 13 (12) ▲ JEFFREYS HENRY 2 (2) SRT Marine Systems PLC EY 13 (12) ▲ MOORE KINGSTON SMITH 2 (2) 25 Churchill Place 13 (12) ▲ PRICE BAILEY 2 (2) Canary Wharf London SAFFERY CHAMPNESS E14 5EY 71 Queen Victoria Street T: +44 (0)20 7951 2000 London Rolls-Royce Holdings PLC EC4V 4BE RWS Holdings PLC T: +44 (0)20 7841 4000 SThree PLC Strix Group PLC RSM Tyman PLC 25 Farringdon Street Vesuvius PLC COOPER PARRY GROUP LTD Volex PLC London Vp PLC EC4A 4AB Sky View Weir Group PLC T: +44 (0)20 3201 8000 Argosy Road PRICEWATERHOUSECOOPERS XP Power Ltd East Midlands Airport 7 More London Riverside Derby London DE74 2SA SE1 2RT T: +44 (0)1332 411 163 T: +44 (0)20 7583 5000 KPMG www.pwc.com 15 Canada Square Canary Wharf Accsys Technologies PLC London CROWE HAYSMACINTYRE LLP AssetCo PLC E14 5GL St Bride's House 10 Queen Street Place Babcock International Group PLC T: +44 (0)20 7311 1000 10 Salisbury Square London Bunzl PLC F: +44 (0)20 7311 3311 EC4R 1AG China New Energy Ltd London www.home.kpmg.com/uk T: +44 (0)20 7969 5500 Clarke (T.) PLC EC4Y 8EH Clarkson PLC T: +44 (0)20 7842 7100 Compagnie de Saint-Gobain SA (J) F: +44 (0)20 7583 1720 Costain Group PLC BDO LLP www.crowe.co.uk Diploma PLC Eddie Stobart Logistics PLC 55 Baker Street London AB Dynamics PLC Electrocomponents PLC Filta Group Holdings PLC Equiniti Group PLC W1U 7EU Malvern International PLC Essentra PLC T: +44 (0)20 7486 5888 PHSC PLC Eurocell PLC Prime People PLC Fox Marble Holdings PLC Water Intelligence PLC G4S PLC Xpediator PLC Gama Aviation PLC DELOITTE LLP JEFFREYS HENRY LLP Gattaca PLC 2 New Street Square Finsgate Global Ports Investments PLC London 5-7 Cranwood Street Globaltrans Investment PLC EC4A 3BZ Grafton Group PLC London GYG PLC T: +44 (0)20 7936 3000 EC1V 9EE Halma PLC T: +44 (0)20 7309 2222 Hays PLC PKF LITTLEJOHN LLP F: +44 (0)20 7309 2309 Intertek Group PLC www.jeffreyshenry.com Invinity Energy Systems PLC 15 Westferry Circus Jardine Matheson Holdings Ltd Canary Wharf London MobilityOne Ltd Jardine Strategic Holdings Ltd Windar Photonics PLC Johnson Service Group PLC E14 4HD Kier Group PLC T: +44 (0)20 7516 2200 Kin and Carta PLC GRANT THORNTON UK LLP F: + 44 (0)20 7516 2400 London Security PLC 30 Finsbury Square www.pkf-littlejohn.com Meggitt PLC London Nexus Infrastructure PLC EC2P 2YU Inspirit Energy Holdings PLC Norcros PLC T: +44 (0)20 7383 5100 Kazera Global PLC Novorossiysk Commercial Sea Port PJSC Octagonal PLC NWF Group PLC F: +44 (0)20 7383 4715 Remote Monitored Systems PLC PJSC TransContainer www.grantthornton.co.uk SigmaRoc PLC QinetiQ Group PLC UniVision Engineering Ltd Redde Northgate PLC Andrews Sykes Group PLC Restore PLC Ashley House PLC

26 Corporate Advisers Rankings Guide AUDITORS

Technology Clients Number of clients RANK AUDITOR MAY ‘20 FEB ‘20 1 (2) ▲ BDO 21 (20) PKF LITTLEJOHN LLP 2 (1) ▼ KPMG 20 (23) CROWE 15 Westferry Circus 3 (3) - GRANT THORNTON UK 18 (19) St Bride's House Canary Wharf 10 Salisbury Square 4 (4) - PRICEWATERHOUSECOOPERS 17 (17) London London E14 4HD 5 (5) - RSM 12 (12) EC4Y 8EH T: +44 (0)20 7516 2200 T: +44 (0)20 7842 7100 6 (6) - EY 9 (9) F: + 44 (0)20 7516 2400 F: +44 (0)20 7583 1720 www.pkf-littlejohn.com 7 (8) ▲ CROWE 7 (6) www.crowe.co.uk 7 (7) - DELOITTE 7 (7) Argo Blockchain PLC CentralNic Group PLC Dev Clever Holdings PLC 9 (9) - MAZARS 5 (5) Iconic Labs PLC Sealand Capital Galaxy Ltd Learning Technologies Group PLC VR Education Holdings PLC 9 (10) ▲ NEXIA SMITH & WILLIAMSON 5 (4) National World PLC 11 (10) ▼ PKF LITTLEJOHN 4 (4) Orient Telecoms PLC Pelatro PLC 12 (12) - JEFFREYS HENRY 2 (3) PipeHawk PLC

BDO LLP DELOITTE LLP 55 Baker Street 2 New Street Square London London W1U 7EU EC4A 3BZ T: +44 (0)20 7486 5888 T: +44 (0)20 7936 3000 JEFFREYS HENRY LLP Finsgate 5-7 Cranwood Street KPMG PRICEWATERHOUSECOOPERS MAZARS LLP London 15 Canada Square 7 More London Riverside Tower Bridge House EC1V 9EE Canary Wharf London St Katharine’s Way T: +44 (0)20 7309 2222 London SE1 2RT London F: +44 (0)20 7309 2309 E14 5GL T: +44 (0)20 7583 5000 E1W 1DD www.jeffreyshenry.com T: +44 (0)20 7311 1000 www.pwc.com T: +44 (0)20 7063 4000 F: +44 (0)20 7311 3311 Dewhurst PLC www.home.kpmg.com/uk 1Spatial PLC dotDigital Group PLC Actual Experience PLC Blancco Technology Group PLC Cerillion PLC discoverIE Group PLC Eckoh PLC FDM Group (Holdings) PLC Funding Circle Holdings PLC NEXIA SMITH & WILLIAMSON Gooch & Housego PLC 25 Moorgate IMImobile PLC London GRANT THORNTON UK LLP Intercede Group PLC EC2R 6AY 30 Finsbury Square International Business Machines Corporation T: +44 (0)20 7131 4000 London Mirriad Advertising PLC F: +44 (0)20 7131 4001 EC2P 2YU Nanoco Group PLC www.smithandwilliamson.com T: +44 (0)20 7383 5100 Samsung Electronics Co Ltd Thorpe (F.W.) PLC F: +44 (0)20 7383 4715 Arcontech Group PLC Touchstar PLC www.grantthornton.co.uk CloudCoCo Group PLC DeepMatter Group PLC Altitude Group PLC Panoply Holdings (The) PLC Aptitude Software Group PLC Tern PLC RSM Beeks Financial Cloud Group PLC Brave Bison Group PLC 25 Farringdon Street Concurrent Technologies PLC London Elecosoft PLC EC4A 4AB Ingenta PLC T: +44 (0)20 3201 8000 Instem PLC IQGEO Group PLC LoopUp Group PLC Netcall PLC EY Online Blockchain PLC 25 Churchill Place Parity Group PLC Canary Wharf Pebble Beach Systems Group PLC London Quartix Holdings PLC Rosslyn Data Technologies PLC E14 5EY ULS Technology PLC T: +44 (0)20 7951 2000 Zoo Digital Group PLC

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• Rothschild & Co is second on a standalone basis in the FTSE 100 rankings • Deutsche Bank takes second place in the total client market-cap rankings • N+1 Singer moves into third place in the AIM rankings

Total Market Sectors Of the leading three financial advisers, onlyRothschild & Co managed SP Angel has stretched its lead over industry peers in the Basic to increase its numbers through the quarter. Numis Securities leads Materials sector. finnCap, debuted following its appointment by the way by overall client numbers, but UBS holds the advantage by Gemfields Group, a returnee to the AIM ranks. RFC Ambrian also aggregate client market-cap, and Deutsche Bank takes second place made the grade through the period under review. from Goldman Sachs on this basis. Both J.P.Morgan Cazenove and The retail sector has been under the cosh, at least those high street N+1 Singer made sizeable client gains, pushing them into fourth outlets deemed non-essential. It is difficult to gauge the extent to and sixth places, respectively. There were minor additions for Peel which normal administrative functions have been hobbled by the Hunt and SP Angel, while Canaccord Genuity and SPARK Advisory lockdown, but there were no dramatic additions, nor any reversals Partners were moving up through the lower half of the table. apparent for the advisers serving the Consumer Discretionary & FTSE 100 Consumer Staples sector. So, while J.P.Morgan Cazenove made a significant move up the table, it was precipitated by a relatively Rothschild & Co has secured outright second in the FTSE 100 at modest increase in its number of constituents. N+1 Singer moved up the expense of Bank of America Securities and Morgan Stanley to sole fourth place after improving its client count to 14. A solitary & Co. J.P.Morgan Cazenove was handed another couple of top- client win served to move Peel Hunt into sixth place and there was a tier mandates, moving the adviser into a share of sixth place with debut for WH Ireland. Goldman Sachs. Barclays was also on the rise, courtesy of a solitary client win. The numbers were unchanged for the lead advisers in the Energy sector. Strand Hanson remains out in front, ahead of Cenkos FTSE 250 Securities and WH Ireland. Rothschild & Co was the only adviser Jefferies Hoare Govett moved alongside Barclays on the FTSE in the lower half of the table to add to its count from the previous 250 table through new arrangements with PPHE Hotel Group and quarter, which, along with a slight contraction from Arden Partners, Foresight Solar Fund. Morgan Stanley, together with J.P.Morgan triggered several positional changes. Cazenove and Rothschild & Co, are now providing advisory services for Rotork, while Winterflood Securities made headway in the Shore Capital & Corporate was on the rise in the Financials & index rankings. There were also debuts for Canaccord Genuity and Real Estate rankings after it was appointed to act for LMS Capital Fenchurch Advisory Partners. and Nippon Active Value Fund. Jefferies Hoare Govett has taken a share of ninth place with both Beaumont Cornish and N+1 Singer. Small-Cap/Fledgling J.P.Morgan Cazenove leads the way from Numis Securities in second Rothschild & Co has taken the outright lead in the Small-Cap/ place, but there is a substantial gap back to Winterflood Securities Fledgling rankings, but only because of a reduction in client numbers in third. for former joint leader Numis. Some consolation was provided by the A solitary loss for finnCap, combined with a minor gain for Peel Hunt, fact that the latter adviser now holds pole position by aggregate client means that they, alongside Panmure Gordon, are in a three-way tie market-cap. Overall, there were relatively few net gains registered, for the lead in the Health Care sector. N+1 Singer is into a share of with Shore Capital & Corporate, Liberum Capital, and Lazard & Co fifth as it now provides advisory services for LiDCO Group. J.P.Morgan to the fore. finnCap and RBC Capital Markets secured the requisite Cazenove was the sole debutante during the quarter. number of constituents to get them on the table. Rothschild & Co increased its advantage in the Industrials sector via Total AIM three new mandates, including the joint advisory arrangement with N+1 Singer moved into third place in the AIM rankings on the back Rotork. Numbers for N+1 Singer, J.P.Morgan Cazenove and Allenby of new agreements with Empresaria Group, LiDCO Group and AdEPT Capital were all heading in the right direction, but the standout Technology. The primacy of Numis Securities by aggregate market- return belongs to Canaccord Genuity, up seven places into a share cap points to the relative weighting of its constituents. SP Angel, of 11th on the table. SP Angel and SPARK Advisory Partners are the Peel Hunt, Canaccord Genuity, SPARK Advisory Partners and RFC new names on the table from the previous quarter. Ambrian make up the group of advisers which registered a positive Allenby Capital and Cenkos Securities expanded their client roster, outcome for the quarter. while heading up the Technology rankings. finnCap still enjoys a sizeable lead over its fellow financial advisers serving the sector, with nearly double the client count of N+1 Singer, its nearest peer.

Corporate Advisers Rankings Guide 29 FINANCIAL ADVISERS

A-Z Total number of Stock Market clients Total Market Cap of Stock Market clients (£M) RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 1 (1) - NUMIS SECURITIES 97 (102) 1 (1) UBS 311,797 (408,272) 2 (2) - FINNCAP 87 (89) 2 (3) DEUTSCHE BANK AG LONDON 174,091 (186,067) 3 (3) - ROTHSCHILD & CO. 78 (77) 3 (2) GOLDMAN SACHS INTERNATIONAL 159,888 (211,835) 4 (5) ▲ J.P. MORGAN CAZENOVE 77 (73) 4 (4) MORGAN STANLEY & CO INTERNATIONAL 129,507 (180,125) 5 (4) ▼ CENKOS SECURITIES 75 (76) 5 (5) ROTHSCHILD & CO. 110,732 (153,186) 6 (7) ▲ N+1 SINGER 61 (57) 6 (8) BANK OF AMERICA SECURITIES 110,545 (131,807) 7 (6) ▼ INVESTEC BANK 59 (61) 7 (7) CITI 109,328 (142,122) 8 (9) ▲ PEEL HUNT 56 (55) 8 (6) J.P. MORGAN CAZENOVE 108,030 (143,017) 8 (7) ▼ SHORE CAPITAL & CORPORATE 56 (57) 9 (9) BARCLAYS 105,785 (113,375) 10 (10) - WH IRELAND 52 (53) 10 (10) LAZARD & CO 55,120 (75,532) 11 (10) ▼ ALLENBY CAPITAL 51 (53) 11 (11) NUMIS SECURITIES 51,172 (68,963) 12 (12) - BEAUMONT CORNISH 47 (48) 12 (13) DAVY CORPORATE FINANCE 50,837 (64,232) 12 (14) ▲ SP ANGEL 47 (46) 13 (12) CREDIT SUISSE 47,488 (68,354) 12 (12) - STRAND HANSON 47 (48) 14 (15) GREENHILL & CO. INTERNATIONAL 33,680 (37,626) 15 (14) ▼ LIBERUM CAPITAL 45 (46) 15 (14) INVESTEC BANK 31,473 (44,759) 16 (16) - PANMURE GORDON (UK) 40 (42) 16 (18) PEEL HUNT 18,937 (21,683) 17 (18) ▲ CAIRN FINANCIAL ADVISERS 37 (37) 17 (16) RBC CAPITAL MARKETS 16,228 (24,154) 18 (19) ▲ CANACCORD GENUITY 36 (35) 18 (17) NOMURA INTERNATIONAL 14,917 (22,136) 19 (20) ▲ CANTOR FITZGERALD EUROPE 33 (34) 19 (19) JEFFERIES HOARE GOVETT 14,249 (14,779) 19 (20) ▲ STIFEL NICOLAUS EUROPE 33 (34) 20 - GLEACHER SHACKLOCK 12,055 - 21 (17) ▼ ARDEN PARTNERS 32 (38) 21 (20) STIFEL NICOLAUS EUROPE 10,638 (14,071) 22 (23) ▲ SPARK ADVISORY PARTNERS 29 (28) 22 (21) CENKOS SECURITIES 10,182 (12,973) 22 (22) - UBS 29 (32) 23 (23) PANMURE GORDON (UK) 10,142 (11,840) 24 (23) ▼ GRANT THORNTON UK 27 (28) 24 (25) WINTERFLOOD SECURITIES 10,070 (11,078) 25 - ▲ WINTERFLOOD SECURITIES 26 - 25 (22) LIBERUM CAPITAL 9,489 (12,844)

ALLENBY CAPITAL LIMITED Palace Capital PLC BMO CAPITAL MARKETS 5th Floor Pantheon Resources PLC 95 Queen Victoria Street 5 St Helen's Place Parkmead Group (The) PLC London Plant Health Care PLC London BARCLAYS EC4V 4HG SEC Newgate S.p.A (J) EC3A 6AB Serinus Energy PLC (J) 5 The North Colonnade T: +44 (0)20 7236 1010 T: +44 (0)20 3328 5656 Sutton Harbour Group PLC (J) Canary Wharf Tavistock Investments PLC London Trakm8 Holdings PLC E14 4BB CAIRN FINANCIAL ADVISERS LLP Trans-Siberian Gold PLC T: +44 (0)20 7623 2323 Cheyne House Triad Group PLC www.barcap.com Woodbois Ltd Crown Court 62-63 Cheapside Cineworld Group PLC (J) Hastings Group Holdings PLC (J) London ARDEN PARTNERS PLC Just Group PLC (J) EC2V 6AX 125 Old Broad Street London Stock Exchange Group PLC (J) T: +44 (0)20 7148 7900 London Moneysupermarket.com Group PLC (J) EC2N 1AR BANK OF AMERICA SECURITIES National Grid PLC (J) T: +44 (0)20 7614 5900 2 King Edward Street Pennon Group PLC (J) CANACCORD GENUITY F: +44 (0)20 7614 5901 London Petra Diamonds Ltd (J) Rentokil Initial PLC 9th Floor www.arden-partners.co.uk EC1A 1HQ Royal Mail PLC (J) 88 Wood Street T: +44 (0)20 7628 1000 RTW Venture Fund Ltd (J) London F: +44 (0)20 7867 2867 Sabre Insurance Group PLC (J) EC2V 7QR www.bankofamerica.com Synthomer PLC (J) 7digital Group PLC T: +44 (0)20 7523 8000 Anexo Group PLC Tesco PLC (J) AssetCo PLC Admiral Group PLC (J) WH Smith PLC (J) Castings PLC Burberry Group PLC (J) Capital & Counties Properties PLC (J) CyanConnode Holdings PLC CANTOR FITZGERALD EUROPE Deltex Medical Group PLC Hochschild Mining PLC (J) Informa PLC (J) BEAUMONT CORNISH LIMITED 5 Churchill Place Ethernity Networks Ltd Canary Wharf EVR Holdings PLC InterContinental Hotels Group PLC 10th Floor First Property Group PLC Intu Properties PLC (J) 30 Crown Place London Haydale Graphene Industries PLC Just Eat Takeaway.com N.V (J) London E14 5HU Hydrodec Group PLC Lancashire Holdings Ltd (J) EC2A 4EB T: +44 (0)20 7894 7000 National Express Group PLC iEnergizer Ltd T: +44 (0)20 7628 3396 Ince Group (The) PLC National Grid PLC (J) Indus Gas Ltd Persimmon PLC KCR Residential REIT PLC Pets at Home Group PLC (J) KSK Power Ventur PLC Phoenix Group Holdings PLC (J) Royal Bank of Scotland Group (The) PLC BERENBERG Livermore Investments Group Ltd 60 Threadneedle Street Macfarlane Group PLC (J) Royal Mail PLC (J) London Open Orphan PLC WPP PLC (J) Origo Partners PLC EC2R 8HP T: +44 (0)20 3207 7800

30 Corporate Advisers Rankings Guide FINANCIAL ADVISERS

DOWNING CORPORATE FINANCE HANNAM & PARTNERS Intermediate Capital Group PLC (J) LIMITED 2 Park Street Investec PLC (J) Ergon House Mayfair IWG PLC (J) JPEL Private Equity Ltd CENKOS SECURITIES Horseferry Road London London JPMorgan Asia Growth & Income PLC 6.7.8 Tokenhouse Yard W1K 2HX JPMorgan US Smaller Companies IT PLC (J) London SW1P 2AL T: +44 (0)20 7907 8500 Jupiter Fund Management PLC (J) EC2R 7AS T: +44 (0)20) 7416 7780 JZ Capital Partners Ltd T: +44 (0)20 7397 8900 KAZ Minerals PLC F: +44 (0)20 7397 8901 Lamprell PLC HARRIS AND TROTTER www.cenkos.com Local Shopping REIT (The) PLC GCA ALTIUM LIMITED 64 New Cavendish Street LondonMetric Property PLC (J) 1 Southampton Street London Majedie Investments PLC London W1G 8TB Man Group PLC CITI WC2R 0LR T: +44 (0)20 7467 6300 Merchants Trust (The) PLC Citigroup Centre T: +44 (0)20 7484 4040 Oxford Instruments PLC Pearson PLC (J) 33 Canada Square Pharos Energy PLC (J) Canary Wharf HOULIHAN LOKEY Picton Property Income Ltd (J) London GLEACHER SHACKLOCK LLP 83 Pall Mall Pollen Street Secured Lending PLC (J) E14 5LB PPHE Hotel Group Ltd (J) Cleveland House London Premier Global Infrastructure Trust PLC T: +44 (0)20 7986 4000 33 King Street SW1Y 5ES Princess Private Equity Holding Ltd London T: +44 (0)20 7839 3355 Provident Financial PLC SW1Y 6RJ RDI REIT PLC (J) CITY & WESTMINSTER CORPORATE T: +44 (0)20 7484 1150 Restaurant Group (The) PLC FINANCE LLP Rotork PLC (J) 50 Jermyn Street RTW Venture Fund Ltd (J) London Saga PLC (J) Schroder Real Estate Investment Trust Ltd SW1Y 6LX Shaftesbury PLC (J) T: +44(0)20 7917 6824 HSBC BANK PLC Smith (DS) PLC 8 Canada Square Spirax-Sarco Engineering PLC (J) Canary Wharf St James's Place PLC St Modwen Properties PLC (J) COMMERZBANK AG GRANT THORNTON UK LLP London 30 Finsbury Square E14 5HQ Studio Retail Group PLC 30 Gresham Street Temple Bar Investment Trust PLC T: +44 (0)20 7991 8888 London London UK Commercial Property REIT Ltd EC2V 3PG EC2P 2YU F: +44 (0)20 7991 4459 Ultra Electronics Holdings PLC (J) T: +44 (0)20 7653 7000 T: +44 (0)20 7383 5100 www.hsbc.com UNITE Group PLC (J) F: +44 (0)20 7383 4715 Urban&Civic PLC (J) www.grantthornton.co.uk Cineworld Group PLC (J) Vectura Group PLC (J) Crest Nicholson Holdings PLC (J) Victrex PLC CREDIT SUISSE Aberdeen Frontier Markets Investment Co. Ltd Genus PLC WH Smith PLC (J) 1 Cabot Square Africa Opportunity Fund Ltd Phoenix Group Holdings PLC (J) Whitbread PLC (J) Wincanton PLC (J) London Alpha Financial Markets Consulting PLC Witan Investment Trust PLC Arbuthnot Banking Group PLC Witan Pacific Investment Trust PLC E14 4QJ Wood Group (John) PLC (J) T: +44 (0)20 7888 8888 Crossword Cybersecurity PLC Dolphin Capital Investors Ltd Young & Co's Brewery PLC finnCap Group PLC Fiske PLC DAVY CORPORATE FINANCE Galantas Gold Corporation Goldplat PLC J.P. MORGAN CAZENOVE Davy House GRC International Group PLC 25 Bank Street 49 Dawson Street Kropz PLC Canary Wharf Dublin 2 Maestrano Group PLC London JEFFERIES HOARE GOVETT T: +353 (0)1 679 7788 Myanmar Investments International Ltd E14 5JP Vintners Place Numis Corporation PLC T: +44 (0)20 7742 4000 Oriole Resources PLC (J) 68 Upper Thames Street www.jpmorgancazenove.com Pebble Group (The) PLC London reach4entertainment Enterprises PLC EC4V 3BJ Reconstruction Capital II Ltd 3i Infrastructure PLC (J) Abcam PLC T: +44 (0)20 7029 8000 Salt Lake Potash Ltd F: +44 (0)20 7029 8010 St Peter Port Capital Ltd Aberdeen Standard Equity Income Trust PLC Starvest PLC ASOS PLC www.jefferies.com DEUTSCHE BANK AG LONDON Babcock International Group PLC (J) Winchester House Tekmar Group PLC Thor Mining PLC Bankers Investment Trust PLC AVI Global Trust PLC 1 Great Winchester Street Tlou Energy Ltd Barclays PLC (J) BBGI SICAV S.A. (J) London VinaCapital Vietnam Opportunity Fund Ltd Baring Emerging Europe PLC Empiric Student Property PLC (J) EC2N 2DB W Resources PLC BH Macro Ltd Fondul Proprietatea S.A. T: +44 (0)20 7545 8000 Big Yellow Group PLC Foresight Solar Fund Ltd F: +44 (0)20 7545 4577 BlackRock World Mining Trust PLC Gama Aviation PLC Capital & Regional PLC (J) Georgia Healthcare Group PLC www.db.com GREENHILL & CO. INTERNATIONAL LLP Central Asia Metals PLC (J) Greencoat UK Wind PLC (J) Lansdowne House Clinigen Group PLC Gresham House PLC (J) British American Tobacco PLC discoverIE Group PLC Indivior PLC 57 Berkeley Square Drax Group PLC EnQuest PLC Mobius Investment Trust PLC Essentra PLC London F&C Investment Trust PLC NCC Group PLC (J) Non-Standard Finance PLC (J) W1J 6ER Ferrexpo PLC Pharos Energy PLC (J) Reckitt Benckiser Group PLC T: +44 (0)20 7198 7400 Fresnillo PLC PPHE Hotel Group Ltd (J) Unilever PLC (J) G4S PLC Residential Secure Income PLC United Utilities Group PLC Gem Diamonds Ltd (J) SDCL Energy Efficiency Income Trust PLC Virgin Money UK PLC (J) Genesis Emerging Markets Fund Ltd Sequoia Economic Infrastructure Inc. Fund Ltd Hammerson PLC (J) Severfield PLC Henderson High Income Trust PLC Starwood European Real Estate Finance Ltd (J) Herald Investment Trust PLC Superdry PLC (J) Hochschild Mining PLC (J) Tritax Big Box REIT PLC (J) ICG Enterprise Trust PLC Tritax EuroBox PLC (J) Inchcape PLC Vietnam Enterprise Investments Ltd

Corporate Advisers Rankings Guide 31 FINANCIAL ADVISERS

KEITH, BAYLEY, ROGERS & CO LTD MARWYN CAPITAL LTD Oxford Metrics PLC PEEL HUNT LLP 1 Royal Exchange Avenue 11 Buckingham Street Pressure Technologies PLC Moor House London London PRS REIT (The) PLC 120 London Wall EC3V 3LT WC2N 6DF Raven Property Group Ltd (J) London RM Secured Direct Lending PLC T: +44 (0)20 7464 4090 T: +44 (0)20 7248 0802 SDL PLC (J) EC2Y 5ET Sigma Capital Group PLC T: +44 (0)20 7418 8900 SmartSpace Software PLC Springfield Properties PLC KINMONT LIMITED MORGAN STANLEY & CO Summerway Capital PLC 5 Clifford Street INTERNATIONAL PLC Surgical Innovations Group PLC PETERHOUSE CAPITAL LIMITED London 25 Cabot Square Thorpe (F.W.) PLC 3rd Floor W1S 2LG Canary Wharf Tufton Oceanic Assets Ltd (J) 80 Cheapside T: +44 (0)20 7087 9102 London Urban Logistics REIT PLC (J) London E14 4QA Verona Pharma PLC EC2V 6EE T: +44 (0)20 7425 8000 Volex PLC T: +44 (0)20 7469 0930 Weiss Korea Opportunity Fund Ltd Zinc Media Group PLC Zytronic PLC MURPHY RICHARDS CAPITAL PLUMTREE CAPITAL LTD Empire House One Tudor Street 175 Piccadilly NCB CORPORATE FINANCE LTD London London 3 George's Dock EC4Y 0AH W1J 9EN Dublin 1 T: +44 (0)20 7183 5860 KPMG T: +44 (0)20 3214 9930 T: +353 (0)1 611 5611 15 Canada Square Canary Wharf London MXC CAPITAL MARKETS LLP E14 5GL NOBLE GROSSART LTD 25 Victoria Street T: +44 (0)20 7311 1000 48 Queen Street London F: +44 (0)20 7311 3311 Edinburgh SW1H 0EX www.home.kpmg.com/uk EH2 3NR T: +44 (0)20 7965 8149 RBC CAPITAL MARKETS T: +44 (0)131 226 7011 Boot (Henry) PLC Thames Court One Queenhithe London EC4V 3DQ LAZARD & CO T: +44 (0)20 7653 4000 50 Stratton Street F: +44 (0)20 7029 7900 London N+1 SINGER www.rbccm.com W1J 8LL One Bartholomew Lane T: +44 (0)20 7187 2000 London 3i Infrastructure PLC (J) NOVUM SECURITIES LTD Amigo Holdings PLC (J) EC2N 2AX 8-10 Grosvenor Gardens Brewin Dolphin Holdings PLC (J) T: +44 (0)20 7496 3000 London Centamin PLC LEXICON PARTNERS LTD F: +44 (0)20 7496 3150 SW1W 0DH Direct Line Insurance Group PLC 1 Paternoster Square www.n1singer.com T: +44 (0)20 7399 9400 Empiric Student Property PLC (J) London www.novumsecurities.com Gran Tierra Energy Inc. EC4M 3DX 1Spatial PLC Greencoat UK Wind PLC (J) T: +44 (0)20 7653 6000 4D pharma PLC Alpha Growth PLC Melrose Industries PLC (J) Actual Experience PLC Bermele PLC XPS Pensions Group PLC (J) AdEPT Technology Group PLC Papillon Holdings PLC AIREA PLC LIBERUM CAPITAL LIMITED Angling Direct PLC RFC AMBRIAN LIMITED Ropemaker Place, Level 12 Applied Graphene Materials PLC APQ Global Ltd Level 5, Condor House 25 Ropemaker Street OAKLEY ADVISORY LTD. Augean PLC 10 St Paul's Churchyard London 3 Cadogan Gate Autins Group PLC London EC2Y 9LY London Avingtrans PLC EC4M 8AL T: +44 (0)20 3100 2000 Bagir Group Ltd SW1X 0AS Blackstone/GSO Loan Financing Ltd (J) T: +44 (0)20 7766 6900 T: +44 (0)20 3440 6800 Brand Architekts Group PLC Cambria Automobiles PLC LIVINGSTONE PARTNERS LLP Carador Income Fund PLC 15 Adam Street Ceiba Investments Ltd OPTIVA SECURITIES LTD London Checkit PLC 49 Berkeley Square WC2N 6RJ CloudCoCo Group PLC (J) Mayfair CVS Group PLC T: +44 (0)20 7484 4700 London Driver Group PLC W1J 5AZ Eckoh PLC T: +44 (0)20 3137 1902 Eco Animal Health Group PLC EIH PLC LONDON BRIDGE CAPITAL PARTNERS EKF Diagnostics Holdings PLC LLP Empresaria Group PLC Gilmoora House essensys PLC 57-61 Mortimer Street Gear4music (Holdings) PLC London GlobalData PLC W1W 8HS Gresham Technologies PLC T: +44 (0)20 3008 6650 Hargreaves Services PLC PANMURE GORDON (UK) LTD Highcroft Investments PLC One New Change Hipgnosis Songs Fund Ltd London i-nexus Global PLC EC4M 9AF MACQUARIE CAPITAL (EUROPE) IndigoVision Group PLC T: +44 (0)20 7886 2500 LIMITED Instem PLC www.panmure.com Ropemaker Place Itaconix PLC 28 Ropemaker Street LiDCO Group PLC Microsaic Systems PLC London MJ Gleeson PLC EC2Y 9HD MySale Group PLC T: +44 (0)20 3037 2000 Nichols PLC (J)

32 Corporate Advisers Rankings Guide FINANCIAL ADVISERS

RICKITT MITCHELL & PARTNERS LTD SPARK ADVISORY PARTNERS LIMITED Jangada Mines PLC Centurion House 5 St. John's Lane Jersey Oil and Gas PLC 129 Deansgate London Lekoil Ltd Manchester EC1M 4BH Live Company Group PLC Metal Tiger PLC WH IRELAND LTD M3 3WR T: +44 (0)20 3368 3550 Metals Exploration PLC T: +44 (0)161 834 0600 24 Martin Lane Northern Bear PLC London Nostra Terra Oil & Gas Company PLC EC4R 0DR Nu-Oil and Gas PLC Oilex Ltd T: +44 (0)20 7220 1666 ROTHSCHILD & CO. Oracle Power PLC www.whirelandplc.com New Court Pathfinder Minerals PLC St Swithin's Lane PetroTal Corp. St. Brandon’s House London PHSC PLC 29 Great George Street EC4N 8AL STIFEL NICOLAUS EUROPE LTD Physiomics PLC Bristol T: +44 (0)20 7280 5000 150 Cheapside Prospex Oil and Gas PLC BS1 5QT London Reabold Resources PLC T: +44 (0)117 945 3420 EC2V 6ET Red Emperor Resources NL www.whirelandplc.com Regal Petroleum PLC T: +44 (0)20 7710 7600 SMITH SQUARE PARTNERS LLP Richland Resources Ltd Third Floor F: +44 (0)20 7710 7609 Sareum Holdings PLC 80 Pall Mall www.stifel.com Savannah Energy PLC 28 Sovereign Street London Secure Property Development & Investment PLC Leeds SW1Y 5ES Alcentra European Floating Rate Inc. Fund Ltd SigmaRoc PLC LS1 4BJ T: +44 (0)20 3696 7260 Amiad Water Systems Ltd Solo Oil PLC T: +44 (0)113 394 6600 Assura PLC TMT Investments PLC www.whirelandplc.com BMO Global Smaller Companies PLC TomCo Energy PLC Brunner Investment Trust (The) PLC Ukrproduct Group Ltd Adamas Finance Asia Ltd Falanx Group Ltd Verditek PLC (J) AFC Energy PLC Fidelity Asian Values PLC Victoria Oil & Gas PLC AfriTin Mining Ltd Fidelity Japan Trust PLC Zambeef Products PLC Arricano Real Estate PLC GCP Infrastructure Investments Ltd Ascent Resources PLC Hurricane Energy PLC Ashley House PLC SP ANGEL Jadestone Energy Inc. Billington Holdings PLC Prince Frederick House JPMorgan Emerging Markets Investment Trust PLC Braime Group PLC 35-39 Maddox Street Jupiter Green Investment Trust PLC Cadence Minerals PLC (J) Longboat Energy PLC London Caledonia Mining Corporation PLC Marble Point Loan Financing Ltd Cambium Global Timberland Ltd W1S 2PP McKay Securities PLC Cambria Africa PLC T: +44 (0)20 3470 0470 Murray International Trust PLC UBS LIMITED Caspian Sunrise PLC F: +44 (0)20 7629 1341 NB Distressed Debt Investment Fund Ltd 5 Broadgate China Nonferrous Gold Ltd www.spangel.co.uk NB Private Equity Partners Ltd London Croma Security Solutions Group PLC Osirium Technologies PLC EC2M 2QS Digitalbox PLC Active Energy Group PLC Panoply Holdings (The) PLC T: +44 (0)20 7567 8000 Dillistone Group PLC RBG Holdings PLC ECR Minerals PLC Altus Strategies PLC F: +44 (0)20 7568 7722 Amur Minerals Corporation Renalytix AI PLC Entertainment AI PLC www.ibb.ubs.com Anglo Asian Mining PLC ReNeuron Group PLC FIH Group PLC Arc Minerals Ltd SDX Energy PLC French Connection Group PLC Arkle Resources PLC Secure Income REIT PLC Admiral Group PLC (J) GETECH Group PLC Aura Energy Ltd Stobart Group Ltd (J) Ashmore Group PLC (J) Hermes Pacific Investments PLC Baron Oil PLC Supermarket Income REIT PLC Berkeley Group Holdings (The) PLC i3 Energy PLC Beowulf Mining PLC Tissue Regenix Group PLC BP PLC Immotion Group PLC Bluejay Mining PLC (J) Urban&Civic PLC (J) British Land Company PLC Jarvis Securities PLC BlueRock Diamonds PLC WANdisco PLC Capital & Counties Properties PLC (J) Journeo PLC Bushveld Minerals Ltd Wentworth Resources PLC Card Factory PLC London Security PLC Clear Leisure PLC Zoo Digital Group PLC Close Brothers Group PLC Malvern International PLC Cora Gold Ltd CRH PLC (J) Mineral & Financial Investments Ltd Curzon Energy PLC Dunelm Group PLC Minoan Group PLC Edenville Energy PLC Euromoney Institutional Investor PLC NetScientific PLC Empire Metals Ltd (J) Hiscox Ltd Norman Broadbent PLC Holders Technology PLC HomeServe PLC Parity Group PLC IronRidge Resources Ltd Howden Joinery Group PLC (J) Pennant International Group PLC KEFI Minerals PLC Intu Properties PLC (J) Petards Group PLC Keras Resources PLC Lloyds Banking Group PLC (J) Pittards PLC Lansdowne Oil & Gas PLC Prudential PLC PowerHouse Energy Group PLC Latham (James) PLC STRAND HANSON LIMITED RELX PLC Rurelec PLC MediaZest PLC 26 Mount Row Renishaw PLC Scholium Group PLC Mkango Resources Ltd London Rightmove PLC Serinus Energy PLC (J) Sainsbury (J) PLC (J) Mosman Oil and Gas Ltd W1K 3SQ Solid State PLC SEC Newgate S.p.A (J) Spectra Systems Corporation Motif Bio PLC (J) T: +44 (0)20 7409 3494 Novacyt S.A. Segro PLC (J) Tanfield Group PLC F: +44 (0)20 7409 1761 Orosur Mining Inc South32 Ltd (J) Thalassa Holdings Ltd Phoenix Copper Ltd (J) www.strandhanson.co.uk Stobart Group Ltd (J) Touchstar PLC Polarean Imaging PLC (J) Unilever PLC (J) UAE Oil Services PLC Power Metal Resources PLC Agriterra Ltd Vodafone Group PLC (J) UK Oil & Gas PLC Rambler Metals and Mining PLC B90 Holdings PLC Weir Group PLC Verditek PLC (J) Remote Monitored Systems PLC Bahamas Petroleum Company PLC Wincanton PLC (J) Watchstone Group PLC Savannah Resources PLC Bezant Resources PLC Water Intelligence PLC Scotgold Resources Ltd Borders & Southern Petroleum PLC Wey Education PLC Strategic Minerals PLC Catalyst Media Group PLC Tekcapital PLC CIP Merchant Capital Ltd VSA CAPITAL Tertiary Minerals PLC Clontarf Energy PLC New Liverpool House Tower Resources PLC Eco (Atlantic) Oil & Gas Ltd 15-17 Eldon Street WHITMAN HOWARD Tri-Star Resources PLC EQTEC PLC London First Floor Union Jack Oil PLC Equatorial Palm Oil PLC EC2M 7LD Connaught House Europa Metals Ltd URU Metals Ltd T: +44 (0)20 3005 5000 1-3 Mount Street GCM Resources PLC Versarien PLC London Volga Gas PLC GoldStone Resources Ltd W1K 3NB Westminster Group PLC Harvest Minerals Ltd Zoltav Resources Inc Hummingbird Resources PLC T: +44 (0)20 7659 1234

Corporate Advisers Rankings Guide 33 FINANCIAL ADVISERS

WINTERFLOOD SECURITIES The Atrium Building, Cannon Bridge House 25 Dowgate Hill London EC4R 2GA T: +44 (0)20 3100 0000

ZEUS CAPITAL LTD 10 Old Burlington Street London W1S 3AG T: +44 (0)20 3829 5000

ZIFF-IVIN ASSOCIATES LTD 28 Eccleston Square London SW1V 1NZ T: +44(0)20 3773 3410

34 Corporate Advisers Rankings Guide FINANCIAL ADVISERS

FTSE 100 Number of clients Client Market Cap (£M) RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 1 (1) - UBS 13 (13) 1 (1) UBS 284,001 (360,618) 2 (2) - ROTHSCHILD & CO. 11 (10) 2 (2) DEUTSCHE BANK AG LONDON 171,368 (181,437) 3 (2) ▼ BANK OF AMERICA SECURITIES 10 (10) 3 (3) GOLDMAN SACHS INTERNATIONAL 114,272 (160,137) 3 (2) ▼ MORGAN STANLEY & CO INTERNATIONAL 10 (10) 4 (4) MORGAN STANLEY & CO INTERNATIONAL 113,255 (156,353) 5 (5) - CITI 9 (9) 5 (5) BANK OF AMERICA SECURITIES 103,067 (121,432) 6 (5) ▼ GOLDMAN SACHS INTERNATIONAL 8 (9) 6 (7) BARCLAYS 96,148 (95,508) 6 (7) ▲ J.P. MORGAN CAZENOVE 8 (6) 7 (6) CITI 92,271 (115,343) 8 (10) ▲ BARCLAYS 5 (4) 8 (8) ROTHSCHILD & CO. 66,768 (92,407) 8 (8) - CREDIT SUISSE 5 (5) 9 (10) J.P. MORGAN CAZENOVE 48,010 (56,844) 8 (8) - LAZARD & CO 5 (5) 10 (9) CREDIT SUISSE 43,813 (63,272) 11 (10) ▼ DEUTSCHE BANK AG LONDON 4 (4) 11 (11) LAZARD & CO 37,795 (49,603) 12 (12) - GREENHILL & CO. INTERNATIONAL 2 (2) 12 (12) GREENHILL & CO. INTERNATIONAL 29,231 (31,449) 13 (13) - DAVY CORPORATE FINANCE 1 (1) 13 (13) DAVY CORPORATE FINANCE 19,000 (22,588) 13 (13) - GLEACHER SHACKLOCK 1 (1) 14 (14) NOMURA INTERNATIONAL 12,229 (18,224) 13 (13) - HSBC BANK 1 (1) 15 (21) GLEACHER SHACKLOCK 11,919 (11,450) 13 (13) - INVESTEC BANK 1 (1) 16 (19) PJT PARTNERS 7,357 (6,787) 13 (13) - NOMURA INTERNATIONAL 1 (1) 17 (18) NUMIS SECURITIES 5,543 (7,943) 13 (13) - NUMIS SECURITIES 1 (1) 18 (17) INVESTEC BANK 5,086 (7,998) 13 (13) - PJT PARTNERS 1 (1) 19 (15) RBC CAPITAL MARKETS 4,587 (11,329) 13 (13) - RBC CAPITAL MARKETS 1 (1) 20 (20) HSBC BANK 4,346 (5,469)

InterContinental Hotels Group PLC Just Eat Takeaway.com N.V (J) National Grid PLC (J) Persimmon PLC J.P. MORGAN CAZENOVE 25 Bank Street DEUTSCHE BANK AG LONDON UBS LIMITED Phoenix Group Holdings PLC (J) Royal Bank of Scotland Group (The) PLC Canary Wharf Winchester House 5 Broadgate WPP PLC (J) London 1 Great Winchester Street London E14 5JP London EC2N 2DB EC2M 2QS T: +44 (0)20 7742 4000 T: +44 (0)20 7545 8000 T: +44 (0)20 7567 8000 www.jpmorgancazenove.com F: +44 (0)20 7545 4577 F: +44 (0)20 7568 7722 MORGAN STANLEY & CO www.db.com www.ibb.ubs.com INTERNATIONAL PLC 25 Cabot Square Barclays PLC (J) Fresnillo PLC British American Tobacco PLC Admiral Group PLC (J) Canary Wharf Intermediate Capital Group PLC (J) Reckitt Benckiser Group PLC Berkeley Group Holdings (The) PLC London Pearson PLC (J) Unilever PLC (J) BP PLC E14 4QA Smith (DS) PLC United Utilities Group PLC British Land Company PLC T: +44 (0)20 7425 8000 Spirax-Sarco Engineering PLC (J) CRH PLC (J) St James's Place PLC Lloyds Banking Group PLC (J) Whitbread PLC (J) Prudential PLC RELX PLC CITI Rightmove PLC Citigroup Centre Sainsbury (J) PLC (J) 33 Canada Square Segro PLC (J) HSBC BANK PLC Unilever PLC (J) Canary Wharf Vodafone Group PLC (J) London 8 Canada Square E14 5LB BARCLAYS Canary Wharf T: +44 (0)20 7986 4000 5 The North Colonnade London E14 5HQ Canary Wharf T: +44 (0)20 7991 8888 ROTHSCHILD & CO. London F: +44 (0)20 7991 4459 New Court E14 4BB www.hsbc.com St Swithin's Lane T: +44 (0)20 7623 2323 London Phoenix Group Holdings PLC (J) www.barcap.com EC4N 8AL T: +44 (0)20 7280 5000 London Stock Exchange Group PLC (J) National Grid PLC (J) Pennon Group PLC (J) Rentokil Initial PLC Tesco PLC (J)

BANK OF AMERICA SECURITIES RBC CAPITAL MARKETS 2 King Edward Street Thames Court London CREDIT SUISSE One Queenhithe EC1A 1HQ 1 Cabot Square London T: +44 (0)20 7628 1000 London EC4V 3DQ F: +44 (0)20 7867 2867 E14 4QJ T: +44 (0)20 7653 4000 www.bankofamerica.com T: +44 (0)20 7888 8888 F: +44 (0)20 7029 7900 www.rbccm.com Admiral Group PLC (J) Burberry Group PLC (J) Melrose Industries PLC (J) Informa PLC (J)

Corporate Advisers Rankings Guide 35 FINANCIAL ADVISERS

FTSE 250 Number of clients Client Market Cap (£M) RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 1 (1) - J.P. MORGAN CAZENOVE 35 (35) 1 (1) J.P. MORGAN CAZENOVE 47,229 (71,750) 2 (2) - ROTHSCHILD & CO. 28 (27) 2 (2) ROTHSCHILD & CO. 34,298 (44,537) 3 (3) - NUMIS SECURITIES 20 (20) 3 (3) NUMIS SECURITIES 26,160 (35,782) 4 (4) - INVESTEC BANK 12 (12) 4 (4) UBS 22,349 (34,076) 5 (4) ▼ CITI 11 (12) 5 (5) CITI 16,244 (25,101) 5 (4) ▼ LAZARD & CO 11 (12) 6 (6) LAZARD & CO 14,445 (22,424) 7 (4) ▼ UBS 10 (12) 7 (7) INVESTEC BANK 13,507 (20,134) 8 (8) - BARCLAYS 8 (9) 8 (10) RBC CAPITAL MARKETS 10,849 (12,234) 8 (10) ▲ JEFFERIES HOARE GOVETT 8 (6) 9 (14) JEFFERIES HOARE GOVETT 9,472 (9,007) 10 (10) - BANK OF AMERICA SECURITIES 6 (6) 10 (8) BARCLAYS 9,446 (17,784) 10 (9) ▼ GOLDMAN SACHS INTERNATIONAL 6 (7) 11 (12) EVERCORE PARTNERS 8,239 (10,126) 10 (10) - PEEL HUNT 6 (6) 12 (15) PEEL HUNT 8,060 (8,292) 13 (16) ▲ MORGAN STANLEY & CO INTERNATIONAL 5 (4) 13 (9) GOLDMAN SACHS INTERNATIONAL 8,020 (13,371) 13 (14) ▲ RBC CAPITAL MARKETS 5 (5) 14 (11) BANK OF AMERICA SECURITIES 7,404 (10,143) 13 (10) ▼ STIFEL NICOLAUS EUROPE 5 (6) 15 (13) MORGAN STANLEY & CO INTERNATIONAL 6,807 (9,448) 13 (16) ▲ WINTERFLOOD SECURITIES 5 (4) 16 (16) STIFEL NICOLAUS EUROPE 6,030 (7,636) 17 (14) ▼ EVERCORE PARTNERS 4 (5) 17 (23) WINTERFLOOD SECURITIES 4,737 (4,619) 18 - ▲ CANACCORD GENUITY 3 - 18 (19) HOULIHAN LOKEY 4,298 (5,112) 18 (20) ▲ COMMERZBANK AG 3 (3) 19 (18) GREENHILL & CO. INTERNATIONAL 4,106 (5,598) 18 (20) ▲ CREDIT SUISSE 3 (3) 20 (28) CANACCORD GENUITY 3,926 (2,977) 18 (20) ▲ DEUTSCHE BANK AG LONDON 3 (3) 21 (17) HSBC BANK 3,873 (5,887) 18 - ▲ FENCHURCH ADVISORY PARTNERS 3 - 22 (21) LIBERUM CAPITAL 3,725 (4,924) 18 (20) ▲ GREENHILL & CO. INTERNATIONAL 3 (3) 23 (20) CREDIT SUISSE 3,605 (4,963) 18 (16) ▼ HSBC BANK 3 (4) 24 (22) LEXICON PARTNERS 3,072 (4,633) 18 (16) ▼ LIBERUM CAPITAL 3 (4) 25 - CENKOS SECURITIES 3,002 - 26 (24) ▼ CENKOS SECURITIES 2 (2) 26 - FENCHURCH ADVISORY PARTNERS 2,754 - 26 (24) ▼ DAVY CORPORATE FINANCE 2 (2) 27 (25) NOMURA INTERNATIONAL 2,688 (3,912) 26 (24) ▼ LEXICON PARTNERS 2 (2) 28 (24) DEUTSCHE BANK AG LONDON 2,680 (4,541)

Ultra Electronics Holdings PLC (J) UNITE Group PLC (J) Victrex PLC J.P. MORGAN CAZENOVE WH Smith PLC (J) 25 Bank Street BARCLAYS Witan Investment Trust PLC UBS LIMITED Canary Wharf Wood Group (John) PLC (J) 5 The North Colonnade 5 Broadgate London Canary Wharf London E14 5JP London EC2M 2QS T: +44 (0)20 7742 4000 E14 4BB ROTHSCHILD & CO. T: +44 (0)20 7567 8000 www.jpmorgancazenove.com T: +44 (0)20 7623 2323 New Court F: +44 (0)20 7568 7722 www.barcap.com 3i Infrastructure PLC (J) St Swithin's Lane www.ibb.ubs.com Babcock International Group PLC (J) London Cineworld Group PLC (J) Bankers Investment Trust PLC EC4N 8AL Ashmore Group PLC (J) Hastings Group Holdings PLC (J) Big Yellow Group PLC T: +44 (0)20 7280 5000 Capital & Counties Properties PLC (J) Just Group PLC (J) BlackRock World Mining Trust PLC Close Brothers Group PLC Moneysupermarket.com Group PLC (J) F&C Investment Trust PLC Dunelm Group PLC Royal Mail PLC (J) Ferrexpo PLC Euromoney Institutional Investor PLC Sabre Insurance Group PLC (J) G4S PLC CITI Hiscox Ltd Synthomer PLC (J) Genesis Emerging Markets Fund Ltd Citigroup Centre HomeServe PLC WH Smith PLC (J) Howden Joinery Group PLC (J) Hammerson PLC (J) 33 Canada Square Renishaw PLC Herald Investment Trust PLC Canary Wharf Hochschild Mining PLC (J) Weir Group PLC London ICG Enterprise Trust PLC Inchcape PLC E14 5LB Investec PLC (J) T: +44 (0)20 7986 4000 IWG PLC (J) Jupiter Fund Management PLC (J) KAZ Minerals PLC LondonMetric Property PLC (J) LAZARD & CO Man Group PLC 50 Stratton Street Oxford Instruments PLC London Pollen Street Secured Lending PLC (J) W1J 8LL PPHE Hotel Group Ltd (J) T: +44 (0)20 7187 2000 Provident Financial PLC Rotork PLC (J) Shaftesbury PLC (J) St Modwen Properties PLC (J) Temple Bar Investment Trust PLC UK Commercial Property REIT Ltd

36 Corporate Advisers Rankings Guide FINANCIAL ADVISERS

JEFFERIES HOARE GOVETT DEUTSCHE BANK AG LONDON Vintners Place RBC CAPITAL MARKETS Winchester House GRANT THORNTON UK LLP 68 Upper Thames Street Thames Court 1 Great Winchester Street 30 Finsbury Square London One Queenhithe London London EC4V 3BJ London EC2N 2DB EC2P 2YU T: +44 (0)20 7029 8000 EC4V 3DQ T: +44 (0)20 7545 8000 T: +44 (0)20 7383 5100 F: +44 (0)20 7029 8010 T: +44 (0)20 7653 4000 F: +44 (0)20 7545 4577 F: +44 (0)20 7383 4715 www.jefferies.com F: +44 (0)20 7029 7900 www.db.com www.grantthornton.co.uk www.rbccm.com AVI Global Trust PLC Drax Group PLC VinaCapital Vietnam Opportunity Fund Ltd BBGI SICAV S.A. (J) 3i Infrastructure PLC (J) Essentra PLC Foresight Solar Fund Ltd Brewin Dolphin Holdings PLC (J) Virgin Money UK PLC (J) Greencoat UK Wind PLC (J) Centamin PLC PPHE Hotel Group Ltd (J) Direct Line Insurance Group PLC Sequoia Economic Infrastructure Inc. Fund Ltd Greencoat UK Wind PLC (J) Tritax Big Box REIT PLC (J) GREENHILL & CO. INTERNATIONAL LLP Vietnam Enterprise Investments Ltd Lansdowne House 57 Berkeley Square N+1 SINGER London One Bartholomew Lane W1J 6ER London T: +44 (0)20 7198 7400 EC2N 2AX T: +44 (0)20 7496 3000 BANK OF AMERICA SECURITIES F: +44 (0)20 7496 3150 2 King Edward Street STIFEL NICOLAUS EUROPE LTD www.n1singer.com London 150 Cheapside EC1A 1HQ London Hipgnosis Songs Fund Ltd T: +44 (0)20 7628 1000 EC2V 6ET F: +44 (0)20 7867 2867 T: +44 (0)20 7710 7600 www.bankofamerica.com F: +44 (0)20 7710 7609 HSBC BANK PLC www.stifel.com 8 Canada Square Capital & Counties Properties PLC (J) Canary Wharf Hochschild Mining PLC (J) Assura PLC London Lancashire Holdings Ltd (J) E14 5HQ BMO Global Smaller Companies PLC PANMURE GORDON (UK) LTD National Express Group PLC GCP Infrastructure Investments Ltd T: +44 (0)20 7991 8888 One New Change Pets at Home Group PLC (J) JPMorgan Emerging Markets Investment Trust PLC F: +44 (0)20 7991 4459 London Royal Mail PLC (J) Murray International Trust PLC www.hsbc.com EC4M 9AF Cineworld Group PLC (J) T: +44 (0)20 7886 2500 www.panmure.com PEEL HUNT LLP Crest Nicholson Holdings PLC (J) WINTERFLOOD SECURITIES Genus PLC Moor House The Atrium Building, Cannon Bridge 120 London Wall House London 25 Dowgate Hill EC2Y 5ET London LIBERUM CAPITAL LIMITED T: +44 (0)20 7418 8900 EC4R 2GA Ropemaker Place, Level 12 T: +44 (0)20 3100 0000 25 Ropemaker Street London EC2Y 9LY MORGAN STANLEY & CO T: +44 (0)20 3100 2000 INTERNATIONAL PLC CANACCORD GENUITY 25 Cabot Square 9th Floor Canary Wharf 88 Wood Street London London E14 4QA EC2V 7QR T: +44 (0)20 7425 8000 T: +44 (0)20 7523 8000 CENKOS SECURITIES 6.7.8 Tokenhouse Yard COMMERZBANK AG London 30 Gresham Street EC2R 7AS London T: +44 (0)20 7397 8900 EC2V 3PG F: +44 (0)20 7397 8901 T: +44 (0)20 7653 7000 www.cenkos.com

CREDIT SUISSE 1 Cabot Square London E14 4QJ T: +44 (0)20 7888 8888

Corporate Advisers Rankings Guide 37 FINANCIAL ADVISERS

FTSE Small Cap/Fledgling Number of clients Client Market Cap (£M) RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 1 (1) - ROTHSCHILD & CO. 29 (30) 1 (3) NUMIS SECURITIES 5,477 (8,142) 2 (1) ▼ NUMIS SECURITIES 28 (30) 2 (2) INVESTEC BANK 5,363 (8,197) 3 (3) - J.P. MORGAN CAZENOVE 24 (24) 3 (4) J.P. MORGAN CAZENOVE 5,327 (7,098) 4 (3) ▼ INVESTEC BANK 22 (24) 4 (1) ROTHSCHILD & CO. 5,275 (9,620) 5 (5) - WINTERFLOOD SECURITIES 18 (19) 5 (5) WINTERFLOOD SECURITIES 4,949 (6,246) 6 (6) - JEFFERIES HOARE GOVETT 12 (12) 6 (6) JEFFERIES HOARE GOVETT 3,015 (3,817) 7 (7) - PEEL HUNT 11 (11) 7 (7) PEEL HUNT 2,624 (3,768) 8 (8) - SHORE CAPITAL & CORPORATE 10 (9) 8 (10) PANMURE GORDON (UK) 2,138 (2,384) 9 (8) ▼ CANTOR FITZGERALD EUROPE 9 (9) 9 (8) STIFEL NICOLAUS EUROPE 2,027 (2,789) 9 (8) ▼ STIFEL NICOLAUS EUROPE 9 (9) 10 (9) LIBERUM CAPITAL 1,940 (2,633) 11 (12) ▲ LIBERUM CAPITAL 8 (8) 11 (12) N+1 SINGER 1,257 (2,023) 11 (8) ▼ PANMURE GORDON (UK) 8 (9) 12 (13) COMMERZBANK AG 1,117 (1,651) 13 (13) - N+1 SINGER 6 (7) 13 (18) CANTOR FITZGERALD EUROPE 1,032 (1,234) 14 (15) ▲ BEAUMONT CORNISH 5 (5) 14 (15) LAZARD & CO 996 (1,330) 15 (14) ▼ CANACCORD GENUITY 4 (6) 15 (19) SHORE CAPITAL & CORPORATE 857 (1,011) 15 (16) ▲ COMMERZBANK AG 4 (4) 16 (17) UBS 749 (1,282) 15 (18) ▲ LAZARD & CO 4 (3) 17 (21) NOBLE GROSSART 712 (798) 15 (16) ▲ UBS 4 (4) 18 (16) AKUR 709 (1,326) 19 (18) ▼ ARDEN PARTNERS 3 (3) 19 (20) CENKOS SECURITIES 709 (823) 19 (18) ▼ CENKOS SECURITIES 3 (3) 20 - RBC CAPITAL MARKETS 700 - 19 - ▲ FINNCAP 3 - 21 (11) CANACCORD GENUITY 649 (2,365) 19 - ▲ RBC CAPITAL MARKETS 3 - 22 (14) MACQUARIE CAPITAL (EUROPE) 628 (1,611)

ROTHSCHILD & CO. WINTERFLOOD SECURITIES CANTOR FITZGERALD EUROPE New Court The Atrium Building, Cannon Bridge 5 Churchill Place St Swithin's Lane House Canary Wharf London London 25 Dowgate Hill PANMURE GORDON (UK) LTD E14 5HU EC4N 8AL London One New Change T: +44 (0)20 7894 7000 T: +44 (0)20 7280 5000 EC4R 2GA London T: +44 (0)20 3100 0000 EC4M 9AF T: +44 (0)20 7886 2500 www.panmure.com

J.P. MORGAN CAZENOVE 25 Bank Street Canary Wharf JEFFERIES HOARE GOVETT STIFEL NICOLAUS EUROPE LTD London Vintners Place 150 Cheapside 68 Upper Thames Street E14 5JP London N+1 SINGER London T: +44 (0)20 7742 4000 EC2V 6ET One Bartholomew Lane EC4V 3BJ www.jpmorgancazenove.com T: +44 (0)20 7710 7600 London T: +44 (0)20 7029 8000 F: +44 (0)20 7710 7609 EC2N 2AX F: +44 (0)20 7029 8010 Aberdeen Standard Equity Income Trust PLC www.stifel.com T: +44 (0)20 7496 3000 Baring Emerging Europe PLC www.jefferies.com F: +44 (0)20 7496 3150 BH Macro Ltd Alcentra European Floating Rate Inc. Fund Ltd www.n1singer.com Capital & Regional PLC (J) Empiric Student Property PLC (J) Brunner Investment Trust (The) PLC discoverIE Group PLC Georgia Healthcare Group PLC Fidelity Asian Values PLC Gresham Technologies PLC EnQuest PLC Indivior PLC Fidelity Japan Trust PLC Highcroft Investments PLC Gem Diamonds Ltd (J) Mobius Investment Trust PLC Jupiter Green Investment Trust PLC MJ Gleeson PLC Henderson High Income Trust PLC NCC Group PLC (J) McKay Securities PLC Raven Property Group Ltd (J) JPMorgan Asia Growth & Income PLC Pharos Energy PLC (J) NB Private Equity Partners Ltd RM Secured Direct Lending PLC JPMorgan US Smaller Companies IT PLC (J) Residential Secure Income PLC Stobart Group Ltd (J) SDL PLC (J) Lamprell PLC SDCL Energy Efficiency Income Trust PLC Urban&Civic PLC (J) Majedie Investments PLC Severfield PLC Merchants Trust (The) PLC Starwood European Real Estate Finance Ltd (J) Pharos Energy PLC (J) Superdry PLC (J) Picton Property Income Ltd (J) Tritax EuroBox PLC (J) LIBERUM CAPITAL LIMITED BEAUMONT CORNISH LIMITED Premier Global Infrastructure Trust PLC Ropemaker Place, Level 12 10th Floor RDI REIT PLC (J) 25 Ropemaker Street 30 Crown Place Restaurant Group (The) PLC London Saga PLC (J) PEEL HUNT LLP London EC2Y 9LY EC2A 4EB Schroder Real Estate Investment Trust Ltd Moor House T: +44 (0)20 7628 3396 Studio Retail Group PLC 120 London Wall T: +44 (0)20 3100 2000 Urban&Civic PLC (J) London Vectura Group PLC (J) Witan Pacific Investment Trust PLC EC2Y 5ET T: +44 (0)20 7418 8900

38 Corporate Advisers Rankings Guide FINANCIAL ADVISERS

CANACCORD GENUITY 9th Floor 88 Wood Street London CENKOS SECURITIES BARCLAYS WH IRELAND LTD EC2V 7QR 6.7.8 Tokenhouse Yard 5 The North Colonnade 24 Martin Lane T: +44 (0)20 7523 8000 London Canary Wharf London EC2R 7AS London EC4R 0DR T: +44 (0)20 7397 8900 E14 4BB T: +44 (0)20 7220 1666 F: +44 (0)20 7397 8901 T: +44 (0)20 7623 2323 COMMERZBANK AG www.whirelandplc.com www.cenkos.com www.barcap.com 30 Gresham Street St. Brandon’s House London Petra Diamonds Ltd (J) EC2V 3PG 29 Great George Street T: +44 (0)20 7653 7000 Bristol BS1 5QT T: +44 (0)117 945 3420 www.whirelandplc.com LAZARD & CO 50 Stratton Street RBC CAPITAL MARKETS Third Floor London Thames Court HSBC BANK PLC 28 Sovereign Street W1J 8LL One Queenhithe 8 Canada Square Leeds T: +44 (0)20 7187 2000 London Canary Wharf LS1 4BJ EC4V 3DQ London T: +44 (0)113 394 6600 T: +44 (0)20 7653 4000 E14 5HQ www.whirelandplc.com F: +44 (0)20 7029 7900 T: +44 (0)20 7991 8888 French Connection Group PLC www.rbccm.com F: +44 (0)20 7991 4459 www.hsbc.com Amigo Holdings PLC (J) Wincanton PLC (J) Empiric Student Property PLC (J) UBS LIMITED XPS Pensions Group PLC (J) 5 Broadgate London EC2M 2QS T: +44 (0)20 7567 8000 MORGAN STANLEY & CO INTERNATIONAL PLC F: +44 (0)20 7568 7722 25 Cabot Square www.ibb.ubs.com Canary Wharf Card Factory PLC London E14 4QA Intu Properties PLC (J) KPMG Stobart Group Ltd (J) T: +44 (0)20 7425 8000 15 Canada Square Wincanton PLC (J) Canary Wharf London E14 5GL T: +44 (0)20 7311 1000 BANK OF AMERICA SECURITIES F: +44 (0)20 7311 3311 2 King Edward Street www.home.kpmg.com/uk London ARDEN PARTNERS PLC Boot (Henry) PLC EC1A 1HQ 125 Old Broad Street T: +44 (0)20 7628 1000 London F: +44 (0)20 7867 2867 EC2N 1AR www.bankofamerica.com T: +44 (0)20 7614 5900 F: +44 (0)20 7614 5901 Intu Properties PLC (J) www.arden-partners.co.uk

Macfarlane Group PLC (J) Palace Capital PLC Triad Group PLC

Corporate Advisers Rankings Guide 39 FINANCIAL ADVISERS

Total AIM Clients Number of clients Client Market Cap (£M) RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 1 (1) - FINNCAP 82 (84) 1 (1) NUMIS SECURITIES 13,062 (15,333) 2 (2) - CENKOS SECURITIES 69 (70) 2 (3) PEEL HUNT 7,557 (8,518) 3 (6) ▲ N+1 SINGER 49 (46) 3 (4) INVESTEC BANK 7,517 (8,430) 3 (3) - WH IRELAND 49 (51) 4 (5) PANMURE GORDON (UK) 6,873 (8,270) 5 (4) ▼ ALLENBY CAPITAL 47 (49) 5 (6) J.P. MORGAN CAZENOVE 6,544 (6,272) 5 (5) - STRAND HANSON 47 (48) 6 (2) CENKOS SECURITIES 6,350 (9,111) 7 (7) - SP ANGEL 46 (45) 7 (8) ZEUS CAPITAL 5,568 (5,488) 8 (8) - NUMIS SECURITIES 41 (43) 8 (7) N+1 SINGER 5,274 (5,882) 9 (9) - SHORE CAPITAL & CORPORATE 38 (41) 9 (9) FINNCAP 4,712 (5,374) 10 (10) - PEEL HUNT 37 (35) 10 (10) LIBERUM CAPITAL 3,132 (4,397) 11 (10) ▼ CAIRN FINANCIAL ADVISERS 34 (35) 11 (11) SHORE CAPITAL & CORPORATE 2,555 (3,571) 12 (12) - BEAUMONT CORNISH 33 (34) 12 (13) CANACCORD GENUITY 2,419 (3,098) 13 (13) - LIBERUM CAPITAL 32 (32) 13 (14) DAVY CORPORATE FINANCE 2,202 (2,677) 14 (15) ▲ PANMURE GORDON (UK) 29 (30) 14 (12) STIFEL NICOLAUS EUROPE 2,107 (3,110) 15 (13) ▼ ARDEN PARTNERS 27 (32) 15 (15) ARDEN PARTNERS 1,453 (1,892) 16 (17) ▲ CANACCORD GENUITY 26 (25) 16 (20) GCA ALTIUM 1,273 (1,296) 17 (16) ▼ GRANT THORNTON UK 25 (26) 17 (22) SP ANGEL 1,273 (1,172) 18 (18) - INVESTEC BANK 24 (24) 18 (17) WH IRELAND 1,174 (1,527) 18 (19) ▲ SPARK ADVISORY PARTNERS 24 (23) 19 (19) GRANT THORNTON UK 1,130 (1,464) 20 (19) ▼ CANTOR FITZGERALD EUROPE 22 (23) 20 (18) MACQUARIE CAPITAL (EUROPE) 1,093 (1,514) 21 (21) - STIFEL NICOLAUS EUROPE 16 (16) 21 (16) CANTOR FITZGERALD EUROPE 1,014 (1,548) 22 (22) - ZEUS CAPITAL 14 (15) 22 (23) ROTHSCHILD & CO. 902 (1,066) 23 (23) - DAVY CORPORATE FINANCE 13 (14) 23 (24) CAIRN FINANCIAL ADVISERS 882 (1,058) 24 (24) - ROTHSCHILD & CO. 7 (7) 24 (21) STRAND HANSON 845 (1,286) 25 (25) - RFC AMBRIAN 6 (5) 25 (26) SPARK ADVISORY PARTNERS 742 (624)

CVS Group PLC ECR Minerals PLC Driver Group PLC Entertainment AI PLC Eckoh PLC FIH Group PLC Eco Animal Health Group PLC GETECH Group PLC CENKOS SECURITIES EIH PLC WH IRELAND LTD Hermes Pacific Investments PLC 6.7.8 Tokenhouse Yard EKF Diagnostics Holdings PLC 24 Martin Lane i3 Energy PLC London Empresaria Group PLC London Immotion Group PLC EC2R 7AS essensys PLC Jarvis Securities PLC EC4R 0DR T: +44 (0)20 7397 8900 Gear4music (Holdings) PLC Journeo PLC T: +44 (0)20 7220 1666 F: +44 (0)20 7397 8901 GlobalData PLC London Security PLC www.whirelandplc.com www.cenkos.com Hargreaves Services PLC Malvern International PLC i-nexus Global PLC Mineral & Financial Investments Ltd IndigoVision Group PLC St. Brandon’s House Minoan Group PLC Instem PLC 29 Great George Street NetScientific PLC Itaconix PLC Bristol Norman Broadbent PLC LiDCO Group PLC BS1 5QT Parity Group PLC Microsaic Systems PLC T: +44 (0)117 945 3420 Pennant International Group PLC MySale Group PLC www.whirelandplc.com Petards Group PLC N+1 SINGER Nichols PLC (J) Pittards PLC Oxford Metrics PLC PowerHouse Energy Group PLC One Bartholomew Lane Third Floor Pressure Technologies PLC Rurelec PLC London Sigma Capital Group PLC 28 Sovereign Street Scholium Group PLC EC2N 2AX SmartSpace Software PLC Leeds Serinus Energy PLC (J) T: +44 (0)20 7496 3000 Springfield Properties PLC LS1 4BJ Solid State PLC F: +44 (0)20 7496 3150 Summerway Capital PLC T: +44 (0)113 394 6600 Spectra Systems Corporation www.n1singer.com Surgical Innovations Group PLC www.whirelandplc.com Tanfield Group PLC Thorpe (F.W.) PLC Touchstar PLC 1Spatial PLC Urban Logistics REIT PLC (J) Adamas Finance Asia Ltd UK Oil & Gas PLC 4D pharma PLC Verona Pharma PLC AFC Energy PLC Verditek PLC (J) Actual Experience PLC Volex PLC AfriTin Mining Ltd Watchstone Group PLC AdEPT Technology Group PLC Weiss Korea Opportunity Fund Ltd Arricano Real Estate PLC Water Intelligence PLC AIREA PLC Zinc Media Group PLC Ascent Resources PLC Wey Education PLC Angling Direct PLC Zytronic PLC Ashley House PLC Applied Graphene Materials PLC Billington Holdings PLC APQ Global Ltd Braime Group PLC Augean PLC Cadence Minerals PLC (J) ALLENBY CAPITAL LIMITED Autins Group PLC Caledonia Mining Corporation PLC 5th Floor Avingtrans PLC Cambium Global Timberland Ltd 5 St Helen's Place Bagir Group Ltd Cambria Africa PLC London Caspian Sunrise PLC Brand Architekts Group PLC EC3A 6AB China Nonferrous Gold Ltd Cambria Automobiles PLC T: +44 (0)20 3328 5656 Checkit PLC Croma Security Solutions Group PLC CloudCoCo Group PLC (J) Digitalbox PLC Dillistone Group PLC

40 Corporate Advisers Rankings Guide FINANCIAL ADVISERS

Bushveld Minerals Ltd Thor Mining PLC Clear Leisure PLC Tlou Energy Ltd Cora Gold Ltd W Resources PLC Edenville Energy PLC Empire Metals Ltd (J) ARDEN PARTNERS PLC Holders Technology PLC 125 Old Broad Street STRAND HANSON LIMITED IronRidge Resources Ltd London SPARK ADVISORY PARTNERS LIMITED 26 Mount Row KEFI Minerals PLC EC2N 1AR 5 St. John's Lane London Keras Resources PLC T: +44 (0)20 7614 5900 London W1K 3SQ Lansdowne Oil & Gas PLC F: +44 (0)20 7614 5901 EC1M 4BH T: +44 (0)20 7409 3494 Latham (James) PLC www.arden-partners.co.uk T: +44 (0)20 3368 3550 F: +44 (0)20 7409 1761 MediaZest PLC www.strandhanson.co.uk Mkango Resources Ltd Mosman Oil and Gas Ltd Motif Bio PLC (J) CANTOR FITZGERALD EUROPE Agriterra Ltd Novacyt S.A. 7digital Group PLC B90 Holdings PLC Orosur Mining Inc Anexo Group PLC 5 Churchill Place Bahamas Petroleum Company PLC Phoenix Copper Ltd (J) AssetCo PLC Canary Wharf Bezant Resources PLC Polarean Imaging PLC (J) CyanConnode Holdings PLC London Borders & Southern Petroleum PLC Power Metal Resources PLC Deltex Medical Group PLC E14 5HU Catalyst Media Group PLC Rambler Metals and Mining PLC Ethernity Networks Ltd T: +44 (0)20 7894 7000 CIP Merchant Capital Ltd Remote Monitored Systems PLC EVR Holdings PLC Clontarf Energy PLC Savannah Resources PLC First Property Group PLC Eco (Atlantic) Oil & Gas Ltd Scotgold Resources Ltd Haydale Graphene Industries PLC EQTEC PLC Strategic Minerals PLC Hydrodec Group PLC Equatorial Palm Oil PLC Tekcapital PLC iEnergizer Ltd Europa Metals Ltd Tertiary Minerals PLC Ince Group (The) PLC GCM Resources PLC Tower Resources PLC Indus Gas Ltd GoldStone Resources Ltd Tri-Star Resources PLC KCR Residential REIT PLC Harvest Minerals Ltd Union Jack Oil PLC Livermore Investments Group Ltd Hummingbird Resources PLC URU Metals Ltd Open Orphan PLC STIFEL NICOLAUS EUROPE LTD Jangada Mines PLC Versarien PLC Origo Partners PLC 150 Cheapside Jersey Oil and Gas PLC Volga Gas PLC Pantheon Resources PLC London Lekoil Ltd Westminster Group PLC Parkmead Group (The) PLC EC2V 6ET Live Company Group PLC Zoltav Resources Inc Plant Health Care PLC T: +44 (0)20 7710 7600 Metal Tiger PLC SEC Newgate S.p.A (J) F: +44 (0)20 7710 7609 Metals Exploration PLC Serinus Energy PLC (J) Northern Bear PLC Sutton Harbour Group PLC (J) www.stifel.com Nostra Terra Oil & Gas Company PLC PEEL HUNT LLP Tavistock Investments PLC Nu-Oil and Gas PLC Amiad Water Systems Ltd Moor House Trakm8 Holdings PLC Oilex Ltd Trans-Siberian Gold PLC Falanx Group Ltd 120 London Wall Oracle Power PLC Woodbois Ltd Hurricane Energy PLC Pathfinder Minerals PLC London Jadestone Energy Inc. PetroTal Corp. EC2Y 5ET Longboat Energy PLC PHSC PLC T: +44 (0)20 7418 8900 Osirium Technologies PLC Physiomics PLC CANACCORD GENUITY Panoply Holdings (The) PLC Prospex Oil and Gas PLC 9th Floor RBG Holdings PLC Reabold Resources PLC 88 Wood Street Renalytix AI PLC Red Emperor Resources NL ReNeuron Group PLC CAIRN FINANCIAL ADVISERS LLP London Regal Petroleum PLC SDX Energy PLC Cheyne House EC2V 7QR Richland Resources Ltd Crown Court Secure Income REIT PLC T: +44 (0)20 7523 8000 Tissue Regenix Group PLC Sareum Holdings PLC 62-63 Cheapside Savannah Energy PLC WANdisco PLC Secure Property Development & Investment PLC London Wentworth Resources PLC SigmaRoc PLC EC2V 6AX Zoo Digital Group PLC Solo Oil PLC T: +44 (0)20 7148 7900 TMT Investments PLC TomCo Energy PLC Ukrproduct Group Ltd ZEUS CAPITAL LTD Verditek PLC (J) BEAUMONT CORNISH LIMITED 10 Old Burlington Street Victoria Oil & Gas PLC 10th Floor GRANT THORNTON UK LLP London Zambeef Products PLC 30 Crown Place 30 Finsbury Square W1S 3AG London London T: +44 (0)20 3829 5000 EC2A 4EB EC2P 2YU T: +44 (0)20 7628 3396 T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 DAVY CORPORATE FINANCE www.grantthornton.co.uk Davy House LIBERUM CAPITAL LIMITED Aberdeen Frontier Markets Investment Co. Ltd 49 Dawson Street Ropemaker Place, Level 12 SP ANGEL Alpha Financial Markets Consulting PLC Dublin 2 Prince Frederick House 25 Ropemaker Street Arbuthnot Banking Group PLC T: +353 (0)1 679 7788 35-39 Maddox Street London Crossword Cybersecurity PLC London EC2Y 9LY Dolphin Capital Investors Ltd finnCap Group PLC W1S 2PP T: +44 (0)20 3100 2000 Fiske PLC ROTHSCHILD & CO. T: +44 (0)20 3470 0470 Galantas Gold Corporation New Court F: +44 (0)20 7629 1341 Goldplat PLC St Swithin's Lane www.spangel.co.uk GRC International Group PLC London Kropz PLC EC4N 8AL Maestrano Group PLC Active Energy Group PLC T: +44 (0)20 7280 5000 Altus Strategies PLC Myanmar Investments International Ltd Amur Minerals Corporation PANMURE GORDON (UK) LTD Numis Corporation PLC Anglo Asian Mining PLC One New Change Oriole Resources PLC (J) Pebble Group (The) PLC Arc Minerals Ltd London RFC AMBRIAN LIMITED Arkle Resources PLC reach4entertainment Enterprises PLC Aura Energy Ltd EC4M 9AF Reconstruction Capital II Ltd Level 5, Condor House Baron Oil PLC T: +44 (0)20 7886 2500 Salt Lake Potash Ltd 10 St Paul's Churchyard Beowulf Mining PLC www.panmure.com St Peter Port Capital Ltd London Bluejay Mining PLC (J) Starvest PLC EC4M 8AL BlueRock Diamonds PLC Tekmar Group PLC T: +44 (0)20 3440 6800 Continued...

Corporate Advisers Rankings Guide 41 FINANCIAL ADVISERS

J.P. MORGAN CAZENOVE 25 Bank Street JEFFERIES HOARE GOVETT UBS LIMITED Canary Wharf Vintners Place 5 Broadgate London 68 Upper Thames Street London E14 5JP London EC2M 2QS T: +44 (0)20 7742 4000 EC4V 3BJ T: +44 (0)20 7567 8000 www.jpmorgancazenove.com T: +44 (0)20 7029 8000 F: +44 (0)20 7029 8010 F: +44 (0)20 7568 7722 Abcam PLC www.jefferies.com www.ibb.ubs.com ASOS PLC SEC Newgate S.p.A (J) Central Asia Metals PLC (J) Gama Aviation PLC Clinigen Group PLC Gresham House PLC (J) Young & Co's Brewery PLC

42 Corporate Advisers Rankings Guide FINANCIAL ADVISERS

Basic Materials Clients Number of clients RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 1 (1) - SP ANGEL 28 (26) J.P. MORGAN CAZENOVE 2 (2) - BEAUMONT CORNISH 15 (15) 25 Bank Street PANMURE GORDON (UK) LTD Canary Wharf One New Change 3 (3) - STRAND HANSON 11 (12) London London 4 (4) - NUMIS SECURITIES 9 (9) E14 5JP EC4M 9AF T: +44 (0)20 7742 4000 T: +44 (0)20 7886 2500 5 (6) ▲ ALLENBY CAPITAL 7 (7) www.jpmorgancazenove.com www.panmure.com 5 (6) ▲ GRANT THORNTON UK 7 (7) Central Asia Metals PLC (J) (6) ▲ (7) 5 J.P. MORGAN CAZENOVE 7 Ferrexpo PLC 5 (5) - WH IRELAND 7 (8) Fresnillo PLC Gem Diamonds Ltd (J) 9 - ▲ FINNCAP 6 - Hochschild Mining PLC (J) 10 (9) ▼ HANNAM & PARTNERS 5 (5) KAZ Minerals PLC Victrex PLC 10 (9) ▼ PEEL HUNT 5 (5) UBS LIMITED 5 Broadgate 10 - ▲ RFC AMBRIAN 5 - London EC2M 2QS T: +44 (0)20 7567 8000 F: +44 (0)20 7568 7722 www.ibb.ubs.com ARDEN PARTNERS PLC 125 Old Broad Street South32 Ltd (J) London SP ANGEL EC2N 1AR Prince Frederick House STRAND HANSON LIMITED T: +44 (0)20 7614 5900 35-39 Maddox Street 26 Mount Row F: +44 (0)20 7614 5901 London London www.arden-partners.co.uk W1S 2PP W1K 3SQ T: +44 (0)20 3470 0470 T: +44 (0)20 7409 3494 F: +44 (0)20 7629 1341 F: +44 (0)20 7409 1761 www.spangel.co.uk www.strandhanson.co.uk Castings PLC Haydale Graphene Industries PLC Altus Strategies PLC Bezant Resources PLC Plant Health Care PLC Amur Minerals Corporation Clontarf Energy PLC Trans-Siberian Gold PLC Anglo Asian Mining PLC Europa Metals Ltd Arc Minerals Ltd GoldStone Resources Ltd Arkle Resources PLC Harvest Minerals Ltd Aura Energy Ltd Hummingbird Resources PLC Beowulf Mining PLC Jangada Mines PLC Bluejay Mining PLC (J) Metals Exploration PLC BlueRock Diamonds PLC Pathfinder Minerals PLC Bushveld Minerals Ltd Prospex Oil and Gas PLC CENKOS SECURITIES Cora Gold Ltd Richland Resources Ltd 6.7.8 Tokenhouse Yard Edenville Energy PLC London Empire Metals Ltd (J) EC2R 7AS IronRidge Resources Ltd T: +44 (0)20 7397 8900 ALLENBY CAPITAL LIMITED KEFI Minerals PLC F: +44 (0)20 7397 8901 Keras Resources PLC 5th Floor www.cenkos.com Mkango Resources Ltd 5 St Helen's Place Orosur Mining Inc London Phoenix Copper Ltd (J) EC3A 6AB Power Metal Resources PLC T: +44 (0)20 3328 5656 Rambler Metals and Mining PLC Savannah Resources PLC Scotgold Resources Ltd Strategic Minerals PLC Tertiary Minerals PLC Tri-Star Resources PLC URU Metals Ltd Versarien PLC

GRANT THORNTON UK LLP 30 Finsbury Square BEAUMONT CORNISH LIMITED London 10th Floor EC2P 2YU 30 Crown Place T: +44 (0)20 7383 5100 London F: +44 (0)20 7383 4715 EC2A 4EB www.grantthornton.co.uk T: +44 (0)20 7628 3396 Galantas Gold Corporation Goldplat PLC Kropz PLC Oriole Resources PLC (J) Salt Lake Potash Ltd Thor Mining PLC W Resources PLC

Corporate Advisers Rankings Guide 43 FINANCIAL ADVISERS

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Consumer Discretionary & Consumer Staples Clients Number of clients RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 1 (1) - NUMIS SECURITIES 21 (24) 2 (2) - ROTHSCHILD & CO. 20 (21) ARDEN PARTNERS PLC UBS LIMITED 125 Old Broad Street 3 (3) - INVESTEC BANK 15 (15) 5 Broadgate London London 4 (4) - N+1 SINGER 14 (13) EC2N 1AR EC2M 2QS T: +44 (0)20 7614 5900 5 (4) ▼ LIBERUM CAPITAL 13 (13) T: +44 (0)20 7567 8000 F: +44 (0)20 7614 5901 6 (8) ▲ PEEL HUNT 11 (10) F: +44 (0)20 7568 7722 www.arden-partners.co.uk www.ibb.ubs.com 7 (6) ▼ ALLENBY CAPITAL 10 (12) 7 (8) ▲ CANACCORD GENUITY 10 (10) Berkeley Group Holdings (The) PLC Card Factory PLC 7 (8) ▲ CITI 10 (10) 7digital Group PLC Dunelm Group PLC SEC Newgate S.p.A (J) 7 (8) ▲ FINNCAP 10 (10) Euromoney Institutional Investor PLC Woodbois Ltd HomeServe PLC 7 (16) ▲ J.P. MORGAN CAZENOVE 10 (8) Howden Joinery Group PLC (J) 7 (7) - UBS 10 (11) RELX PLC Sainsbury (J) PLC (J) 13 (14) ▲ LAZARD & CO 9 (9) SEC Newgate S.p.A (J) Unilever PLC (J) 13 (8) ▼ SHORE CAPITAL & CORPORATE 9 (10) 15 (14) ▼ CENKOS SECURITIES 8 (9) 15 (16) ▲ DAVY CORPORATE FINANCE 8 (8) LAZARD & CO GRANT THORNTON UK LLP 30 Finsbury Square 15 (8) ▼ PANMURE GORDON (UK) 8 (10) 50 Stratton Street London London 18 (18) - BANK OF AMERICA SECURITIES 7 (7) W1J 8LL EC2P 2YU 18 - ▲ WH IRELAND 7 - T: +44 (0)20 7187 2000 T: +44 (0)20 7383 5100 F: +44 (0)20 7383 4715 www.grantthornton.co.uk

ROTHSCHILD & CO. ALLENBY CAPITAL LIMITED Pebble Group (The) PLC New Court 5th Floor reach4entertainment Enterprises PLC St Swithin's Lane 5 St Helen's Place London London CENKOS SECURITIES EC4N 8AL EC3A 6AB 6.7.8 Tokenhouse Yard T: +44 (0)20 7280 5000 T: +44 (0)20 3328 5656 London EC2R 7AS T: +44 (0)20 7397 8900 JEFFERIES HOARE GOVETT F: +44 (0)20 7397 8901 CANACCORD GENUITY Vintners Place www.cenkos.com 9th Floor 68 Upper Thames Street 88 Wood Street London London N+1 SINGER EC4V 3BJ EC2V 7QR DAVY CORPORATE FINANCE T: +44 (0)20 7029 8000 One Bartholomew Lane T: +44 (0)20 7523 8000 London Davy House F: +44 (0)20 7029 8010 EC2N 2AX 49 Dawson Street www.jefferies.com T: +44 (0)20 7496 3000 Dublin 2 PPHE Hotel Group Ltd (J) F: +44 (0)20 7496 3150 CITI T: +353 (0)1 679 7788 Superdry PLC (J) www.n1singer.com Citigroup Centre 33 Canada Square AIREA PLC Canary Wharf Angling Direct PLC London Autins Group PLC E14 5LB Bagir Group Ltd T: +44 (0)20 7986 4000 Brand Architekts Group PLC PANMURE GORDON (UK) LTD Cambria Automobiles PLC CVS Group PLC One New Change London SP ANGEL Gear4music (Holdings) PLC Prince Frederick House GlobalData PLC EC4M 9AF MJ Gleeson PLC T: +44 (0)20 7886 2500 35-39 Maddox Street MySale Group PLC www.panmure.com London Nichols PLC (J) J.P. MORGAN CAZENOVE W1S 2PP Springfield Properties PLC 25 Bank Street T: +44 (0)20 3470 0470 Zinc Media Group PLC Canary Wharf F: +44 (0)20 7629 1341 London BANK OF AMERICA SECURITIES www.spangel.co.uk E14 5JP 2 King Edward Street T: +44 (0)20 7742 4000 London MediaZest PLC LIBERUM CAPITAL LIMITED www.jpmorgancazenove.com EC1A 1HQ Ropemaker Place, Level 12 T: +44 (0)20 7628 1000 25 Ropemaker Street ASOS PLC F: +44 (0)20 7867 2867 London Inchcape PLC www.bankofamerica.com EC2Y 9LY Pearson PLC (J) T: +44 (0)20 3100 2000 PPHE Hotel Group Ltd (J) Restaurant Group (The) PLC Saga PLC (J) Studio Retail Group PLC PEEL HUNT LLP WH Smith PLC (J) Moor House Whitbread PLC (J) 120 London Wall Young & Co's Brewery PLC London EC2Y 5ET T: +44 (0)20 7418 8900

Corporate Advisers Rankings Guide 45 FINANCIAL ADVISERS

Energy Clients Number of clients CANTOR FITZGERALD EUROPE RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 5 Churchill Place 1 (1) - STRAND HANSON 20 (20) Canary Wharf London JEFFERIES HOARE GOVETT 2 (2) - CENKOS SECURITIES 11 (11) E14 5HU Vintners Place 3 (3) - WH IRELAND 10 (10) T: +44 (0)20 7894 7000 68 Upper Thames Street 4 (4) - SP ANGEL 9 (9) London EC4V 3BJ 5 (5) - SHORE CAPITAL & CORPORATE 7 (7) ROTHSCHILD & CO. T: +44 (0)20 7029 8000 6 (6) - BEAUMONT CORNISH 6 (6) New Court F: +44 (0)20 7029 8010 www.jefferies.com 7 (6) ▼ ARDEN PARTNERS 5 (6) St Swithin's Lane London 7 (8) ▲ 5 (5) Pharos Energy PLC (J) CANTOR FITZGERALD EUROPE EC4N 8AL 7 (8) ▲ FINNCAP 5 (5) T: +44 (0)20 7280 5000 7 (11) ▲ ROTHSCHILD & CO. 5 (4) 7 (8) ▲ STIFEL NICOLAUS EUROPE 5 (5) 12 (11) ▼ ALLENBY CAPITAL 4 (4) 12 (11) ▼ INVESTEC BANK 4 (4) PANMURE GORDON (UK) LTD 12 (11) ▼ J.P. MORGAN CAZENOVE 4 (4) One New Change London STIFEL NICOLAUS EUROPE LTD EC4M 9AF 150 Cheapside T: +44 (0)20 7886 2500 London www.panmure.com EC2V 6ET T: +44 (0)20 7710 7600 F: +44 (0)20 7710 7609 www.stifel.com SP ANGEL STRAND HANSON LIMITED Prince Frederick House Hurricane Energy PLC 26 Mount Row 35-39 Maddox Street Jadestone Energy Inc. London London Longboat Energy PLC W1K 3SQ W1S 2PP SDX Energy PLC RBC CAPITAL MARKETS T: +44 (0)20 7409 3494 T: +44 (0)20 3470 0470 Wentworth Resources PLC Thames Court F: +44 (0)20 7409 1761 F: +44 (0)20 7629 1341 One Queenhithe www.strandhanson.co.uk www.spangel.co.uk London EC4V 3DQ Bahamas Petroleum Company PLC Active Energy Group PLC T: +44 (0)20 7653 4000 Borders & Southern Petroleum PLC Baron Oil PLC F: +44 (0)20 7029 7900 Eco (Atlantic) Oil & Gas Ltd Curzon Energy PLC EQTEC PLC Lansdowne Oil & Gas PLC J.P. MORGAN CAZENOVE www.rbccm.com GCM Resources PLC Mosman Oil and Gas Ltd 25 Bank Street Gran Tierra Energy Inc. Jersey Oil and Gas PLC Tower Resources PLC Canary Wharf Lekoil Ltd Union Jack Oil PLC London Nostra Terra Oil & Gas Company PLC Volga Gas PLC E14 5JP Nu-Oil and Gas PLC Zoltav Resources Inc T: +44 (0)20 7742 4000 Oilex Ltd Oracle Power PLC www.jpmorgancazenove.com PetroTal Corp. Reabold Resources PLC BEAUMONT CORNISH LIMITED EnQuest PLC Red Emperor Resources NL Lamprell PLC 10th Floor Pharos Energy PLC (J) UBS LIMITED Regal Petroleum PLC 30 Crown Place Savannah Energy PLC Wood Group (John) PLC (J) 5 Broadgate Solo Oil PLC London London TomCo Energy PLC EC2A 4EB EC2M 2QS Verditek PLC (J) T: +44 (0)20 7628 3396 T: +44 (0)20 7567 8000 Victoria Oil & Gas PLC F: +44 (0)20 7568 7722 www.ibb.ubs.com

BP PLC GRANT THORNTON UK LLP 30 Finsbury Square ARDEN PARTNERS PLC London CENKOS SECURITIES 125 Old Broad Street EC2P 2YU 6.7.8 Tokenhouse Yard London T: +44 (0)20 7383 5100 London EC2N 1AR F: +44 (0)20 7383 4715 EC2R 7AS T: +44 (0)20 7614 5900 www.grantthornton.co.uk T: +44 (0)20 7397 8900 F: +44 (0)20 7614 5901 F: +44 (0)20 7397 8901 www.arden-partners.co.uk Tekmar Group PLC www.cenkos.com Tlou Energy Ltd

Hydrodec Group PLC Indus Gas Ltd Pantheon Resources PLC Parkmead Group (The) PLC Serinus Energy PLC (J)

46 Corporate Advisers Rankings Guide FINANCIAL ADVISERS

Financials and Real Estate Clients Number of clients Marble Point Loan Financing Ltd RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 McKay Securities PLC Murray International Trust PLC (1) - (44) 1 J.P. MORGAN CAZENOVE 44 NB Distressed Debt Investment Fund Ltd 2 (2) - NUMIS SECURITIES 41 (41) NB Private Equity Partners Ltd Secure Income REIT PLC GRANT THORNTON UK LLP 3 (3) - WINTERFLOOD SECURITIES 26 (25) Supermarket Income REIT PLC 30 Finsbury Square 4 (4) - LIBERUM CAPITAL 19 (20) Urban&Civic PLC (J) London EC2P 2YU 5 (4) ▼ CENKOS SECURITIES 18 (20) T: +44 (0)20 7383 5100 6 (7) ▲ SHORE CAPITAL & CORPORATE 17 (15) F: +44 (0)20 7383 4715 6 (6) - STIFEL NICOLAUS EUROPE 17 (18) www.grantthornton.co.uk 8 (7) ▼ PANMURE GORDON (UK) 16 (15) Aberdeen Frontier Markets Investment Co. Ltd 9 (7) ▼ BEAUMONT CORNISH 15 (15) PANMURE GORDON (UK) LTD Africa Opportunity Fund Ltd One New Change Arbuthnot Banking Group PLC 9 (11) ▲ 15 (14) Dolphin Capital Investors Ltd JEFFERIES HOARE GOVETT London finnCap Group PLC 9 (7) ▼ N+1 SINGER 15 (15) EC4M 9AF Fiske PLC 12 (11) ▼ ROTHSCHILD & CO. 13 (14) T: +44 (0)20 7886 2500 Myanmar Investments International Ltd www.panmure.com Numis Corporation PLC 13 (16) ▲ CANTOR FITZGERALD EUROPE 12 (12) Reconstruction Capital II Ltd 13 (13) - FINNCAP 12 (13) St Peter Port Capital Ltd Starvest PLC 13 (13) - GRANT THORNTON UK 12 (13) VinaCapital Vietnam Opportunity Fund Ltd 13 (13) - PEEL HUNT 12 (13) 17 (19) ▲ CAIRN FINANCIAL ADVISERS 10 (9) JEFFERIES HOARE GOVETT 17 (18) ▲ UBS 10 (10) Vintners Place 19 (17) ▼ INVESTEC BANK 9 (11) 68 Upper Thames Street London EC4V 3BJ ARDEN PARTNERS PLC T: +44 (0)20 7029 8000 125 Old Broad Street St Modwen Properties PLC (J) F: +44 (0)20 7029 8010 London Temple Bar Investment Trust PLC www.jefferies.com EC2N 1AR UK Commercial Property REIT Ltd T: +44 (0)20 7614 5900 J.P. MORGAN CAZENOVE UNITE Group PLC (J) AVI Global Trust PLC F: +44 (0)20 7614 5901 25 Bank Street Urban&Civic PLC (J) BBGI SICAV S.A. (J) www.arden-partners.co.uk Canary Wharf Witan Investment Trust PLC Empiric Student Property PLC (J) London Witan Pacific Investment Trust PLC Fondul Proprietatea S.A. E14 5JP Foresight Solar Fund Ltd T: +44 (0)20 7742 4000 Greencoat UK Wind PLC (J) First Property Group PLC www.jpmorgancazenove.com Gresham House PLC (J) KCR Residential REIT PLC Mobius Investment Trust PLC Livermore Investments Group Ltd 3i Infrastructure PLC (J) Residential Secure Income PLC Origo Partners PLC Aberdeen Standard Equity Income Trust PLC SDCL Energy Efficiency Income Trust PLC Palace Capital PLC Sequoia Economic Infrastructure Inc. Fund Ltd Bankers Investment Trust PLC CENKOS SECURITIES Tavistock Investments PLC Starwood European Real Estate Finance Ltd (J) Barclays PLC (J) 6.7.8 Tokenhouse Yard Baring Emerging Europe PLC Tritax Big Box REIT PLC (J) London BH Macro Ltd Tritax EuroBox PLC (J) Big Yellow Group PLC EC2R 7AS Vietnam Enterprise Investments Ltd BlackRock World Mining Trust PLC T: +44 (0)20 7397 8900 Capital & Regional PLC (J) F: +44 (0)20 7397 8901 F&C Investment Trust PLC www.cenkos.com Genesis Emerging Markets Fund Ltd Hammerson PLC (J) SP ANGEL Henderson High Income Trust PLC Prince Frederick House Herald Investment Trust PLC 35-39 Maddox Street N+1 SINGER ICG Enterprise Trust PLC London Intermediate Capital Group PLC (J) One Bartholomew Lane W1S 2PP Investec PLC (J) London T: +44 (0)20 3470 0470 JPEL Private Equity Ltd EC2N 2AX F: +44 (0)20 7629 1341 JPMorgan Asia Growth & Income PLC STIFEL NICOLAUS EUROPE LTD T: +44 (0)20 7496 3000 JPMorgan US Smaller Companies IT PLC (J) www.spangel.co.uk F: +44 (0)20 7496 3150 Jupiter Fund Management PLC (J) 150 Cheapside JZ Capital Partners Ltd London www.n1singer.com Clear Leisure PLC Local Shopping REIT (The) PLC EC2V 6ET LondonMetric Property PLC (J) T: +44 (0)20 7710 7600 APQ Global Ltd Majedie Investments PLC F: +44 (0)20 7710 7609 Blackstone/GSO Loan Financing Ltd (J) Carador Income Fund PLC Man Group PLC www.stifel.com Merchants Trust (The) PLC Ceiba Investments Ltd EIH PLC Picton Property Income Ltd (J) Alcentra European Floating Rate Inc. Fund Ltd Pollen Street Secured Lending PLC (J) Highcroft Investments PLC Assura PLC Hipgnosis Songs Fund Ltd Premier Global Infrastructure Trust PLC BMO Global Smaller Companies PLC Princess Private Equity Holding Ltd PRS REIT (The) PLC Brunner Investment Trust (The) PLC Raven Property Group Ltd (J) Provident Financial PLC Fidelity Asian Values PLC RDI REIT PLC (J) RM Secured Direct Lending PLC Fidelity Japan Trust PLC Sigma Capital Group PLC RTW Venture Fund Ltd (J) GCP Infrastructure Investments Ltd Schroder Real Estate Investment Trust Ltd Summerway Capital PLC JPMorgan Emerging Markets Investment Trust PLC Tufton Oceanic Assets Ltd (J) Shaftesbury PLC (J) Jupiter Green Investment Trust PLC St James's Place PLC Urban Logistics REIT PLC (J) Weiss Korea Opportunity Fund Ltd

Corporate Advisers Rankings Guide 47 FINANCIAL ADVISERS CONFIDENCE WHEN IT COUNTS

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48 Corporate Advisers Rankings Guide

0542 AIM guide advert_V3.indd 1 28/04/2020 15:36 FINANCIAL ADVISERS

Health Care Clients Number of clients RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 1 (1) - FINNCAP 10 (11) 1 (2) ▲ PANMURE GORDON (UK) 10 (10) ARDEN PARTNERS PLC SP ANGEL 125 Old Broad Street 1 (3) ▲ PEEL HUNT 10 (9) Prince Frederick House London 35-39 Maddox Street 4 (3) ▼ CENKOS SECURITIES 9 (9) EC2N 1AR London T: +44 (0)20 7614 5900 5 (5) - CAIRN FINANCIAL ADVISERS 6 (7) W1S 2PP F: +44 (0)20 7614 5901 5 (7) ▲ N+1 SINGER 6 (5) T: +44 (0)20 3470 0470 www.arden-partners.co.uk F: +44 (0)20 7629 1341 5 (5) - NUMIS SECURITIES 6 (7) www.spangel.co.uk 8 (7) ▼ ALLENBY CAPITAL 5 (5) Motif Bio PLC (J) Deltex Medical Group PLC 9 (9) - SPARK ADVISORY PARTNERS 4 (4) Novacyt S.A. Open Orphan PLC 10 - ▲ J.P. MORGAN CAZENOVE 3 - Polarean Imaging PLC (J) 10 (10) - SHORE CAPITAL & CORPORATE 3 (3) 10 (10) - SP ANGEL 3 (3) 10 (10) - STIFEL NICOLAUS EUROPE 3 (3) JEFFERIES HOARE GOVETT Vintners Place STIFEL NICOLAUS EUROPE LTD 68 Upper Thames Street 150 Cheapside London London EC4V 3BJ EC2V 6ET T: +44 (0)20 7029 8000 F: +44 (0)20 7029 8010 N+1 SINGER T: +44 (0)20 7710 7600 PANMURE GORDON (UK) LTD www.jefferies.com One Bartholomew Lane F: +44 (0)20 7710 7609 One New Change www.stifel.com London London Georgia Healthcare Group PLC EC2N 2AX EC4M 9AF Renalytix AI PLC Indivior PLC T: +44 (0)20 7496 3000 T: +44 (0)20 7886 2500 ReNeuron Group PLC www.panmure.com F: +44 (0)20 7496 3150 Tissue Regenix Group PLC www.n1singer.com

4D pharma PLC PEEL HUNT LLP Eco Animal Health Group PLC Moor House EKF Diagnostics Holdings PLC 120 London Wall LiDCO Group PLC London Surgical Innovations Group PLC Verona Pharma PLC EC2Y 5ET T: +44 (0)20 7418 8900

ALLENBY CAPITAL LIMITED 5th Floor 5 St Helen's Place London EC3A 6AB CENKOS SECURITIES T: +44 (0)20 3328 5656 6.7.8 Tokenhouse Yard London EC2R 7AS T: +44 (0)20 7397 8900 SPARK ADVISORY PARTNERS LIMITED F: +44 (0)20 7397 8901 5 St. John's Lane www.cenkos.com London EC1M 4BH T: +44 (0)20 3368 3550

CAIRN FINANCIAL ADVISERS LLP Cheyne House Crown Court 62-63 Cheapside London J.P. MORGAN CAZENOVE EC2V 6AX 25 Bank Street T: +44 (0)20 7148 7900 Canary Wharf London E14 5JP T: +44 (0)20 7742 4000 www.jpmorgancazenove.com

Abcam PLC Clinigen Group PLC Vectura Group PLC (J)

Corporate Advisers Rankings Guide 49 FINANCIAL ADVISERS

Industrials Clients Number of clients RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 PEEL HUNT LLP SPARK ADVISORY PARTNERS LIMITED Moor House 5 St. John's Lane 1 (1) - ROTHSCHILD & CO. 29 (26) 120 London Wall London 2 (2) - CENKOS SECURITIES 15 (15) London EC1M 4BH EC2Y 5ET T: +44 (0)20 3368 3550 2 (2) - WH IRELAND 15 (15) T: +44 (0)20 7418 8900 4 (4) - FINNCAP 14 (14) 4 (4) - INVESTEC BANK 14 (14) ZEUS CAPITAL LTD 6 (6) - NUMIS SECURITIES 11 (11) 10 Old Burlington Street London 6 (6) - SHORE CAPITAL & CORPORATE 11 (11) W1S 3AG 8 (8) - N+1 SINGER 10 (9) T: +44 (0)20 3829 5000 ARDEN PARTNERS PLC 9 (8) ▼ CAIRN FINANCIAL ADVISERS 9 (9) 125 Old Broad Street 10 (11) ▲ J.P. MORGAN CAZENOVE 8 (7) London EC2N 1AR 11 (14) ▲ 7 (6) ALLENBY CAPITAL T: +44 (0)20 7614 5900 11 (18) ▲ CANACCORD GENUITY 7 (4) F: +44 (0)20 7614 5901 11 (11) - PEEL HUNT 7 (7) www.arden-partners.co.uk PANMURE GORDON (UK) LTD One New Change 14 (10) ▼ ARDEN PARTNERS 6 (8) London 15 (15) - LAZARD & CO 5 (5) Anexo Group PLC EC4M 9AF 15 (15) - LIBERUM CAPITAL 5 (5) AssetCo PLC T: +44 (0)20 7886 2500 iEnergizer Ltd www.panmure.com 15 (11) ▼ UBS 5 (7) Ince Group (The) PLC Macfarlane Group PLC (J) 18 (15) ▼ 4 (5) CITI Sutton Harbour Group PLC (J) 18 (18) - DAVY CORPORATE FINANCE 4 (4) 18 - ▲ SP ANGEL 4 - 18 - ▲ SPARK ADVISORY PARTNERS 4 - LAZARD & CO 50 Stratton Street 18 (18) - ZEUS CAPITAL 4 (4) London STIFEL NICOLAUS EUROPE LTD W1J 8LL 150 Cheapside T: +44 (0)20 7187 2000 London ROTHSCHILD & CO. CAIRN FINANCIAL ADVISERS LLP EC2V 6ET New Court Cheyne House T: +44 (0)20 7710 7600 St Swithin's Lane Crown Court LIBERUM CAPITAL LIMITED F: +44 (0)20 7710 7609 London 62-63 Cheapside Ropemaker Place, Level 12 www.stifel.com EC4N 8AL London 25 Ropemaker Street T: +44 (0)20 7280 5000 EC2V 6AX London Falanx Group Ltd T: +44 (0)20 7148 7900 RBG Holdings PLC EC2Y 9LY Stobart Group Ltd (J) T: +44 (0)20 3100 2000

CITI Citigroup Centre CENKOS SECURITIES J.P. MORGAN CAZENOVE 33 Canada Square 6.7.8 Tokenhouse Yard Canary Wharf 25 Bank Street JEFFERIES HOARE GOVETT London London Canary Wharf Vintners Place EC2R 7AS E14 5LB London 68 Upper Thames Street T: +44 (0)20 7397 8900 T: +44 (0)20 7986 4000 E14 5JP London F: +44 (0)20 7397 8901 T: +44 (0)20 7742 4000 EC4V 3BJ www.cenkos.com www.jpmorgancazenove.com T: +44 (0)20 7029 8000 DAVY CORPORATE FINANCE F: +44 (0)20 7029 8010 Babcock International Group PLC (J) Davy House www.jefferies.com G4S PLC 49 Dawson Street IWG PLC (J) Gama Aviation PLC Oxford Instruments PLC Dublin 2 Severfield PLC Rotork PLC (J) T: +353 (0)1 679 7788 Smith (DS) PLC N+1 SINGER Spirax-Sarco Engineering PLC (J) One Bartholomew Lane Ultra Electronics Holdings PLC (J) London EC2N 2AX T: +44 (0)20 7496 3000 F: +44 (0)20 7496 3150 ALLENBY CAPITAL LIMITED www.n1singer.com 5th Floor 5 St Helen's Place SP ANGEL GRANT THORNTON UK LLP Prince Frederick House Avingtrans PLC London 30 Finsbury Square Checkit PLC EC3A 6AB 35-39 Maddox Street London Driver Group PLC T: +44 (0)20 3328 5656 London EC2P 2YU Empresaria Group PLC W1S 2PP T: +44 (0)20 7383 5100 Hargreaves Services PLC T: +44 (0)20 3470 0470 F: +44 (0)20 7383 4715 Itaconix PLC F: +44 (0)20 7629 1341 www.grantthornton.co.uk Microsaic Systems PLC CANACCORD GENUITY www.spangel.co.uk Pressure Technologies PLC 9th Floor Alpha Financial Markets Consulting PLC Volex PLC 88 Wood Street Holders Technology PLC Zytronic PLC London Latham (James) PLC EC2V 7QR Remote Monitored Systems PLC T: +44 (0)20 7523 8000 Westminster Group PLC

50 Corporate Advisers Rankings Guide FINANCIAL ADVISERS

Technology Clients Number of clients RANK FINANCIAL ADVISER MAY ‘20 FEB ‘20 1 (1) - FINNCAP 24 (25) 2 (2) - N+1 SINGER 13 (12) ARDEN PARTNERS PLC 125 Old Broad Street (3) - (10) 3 INVESTEC BANK 10 London 4 (6) ▲ ALLENBY CAPITAL 7 (6) EC2N 1AR 4 (6) ▲ CENKOS SECURITIES 7 (6) T: +44 (0)20 7614 5900 F: +44 (0)20 7614 5901 4 (4) - NUMIS SECURITIES 7 (8) www.arden-partners.co.uk 4 (5) ▲ PEEL HUNT 7 (7) 8 (6) ▼ CANACCORD GENUITY 6 (6) Trakm8 Holdings PLC 9 (6) ▼ WH IRELAND 5 (6) Triad Group PLC 10 (12) ▲ ROTHSCHILD & CO. 4 (4) 10 (10) - SHORE CAPITAL & CORPORATE 4 (5) 10 (12) ▲ STIFEL NICOLAUS EUROPE 4 (4)

J.P. MORGAN CAZENOVE CANACCORD GENUITY 25 Bank Street 9th Floor Canary Wharf 88 Wood Street London E14 5JP N+1 SINGER London T: +44 (0)20 7742 4000 One Bartholomew Lane EC2V 7QR www.jpmorgancazenove.com London T: +44 (0)20 7523 8000 EC2N 2AX discoverIE Group PLC T: +44 (0)20 7496 3000 ROTHSCHILD & CO. F: +44 (0)20 7496 3150 New Court www.n1singer.com St Swithin's Lane 1Spatial PLC London Actual Experience PLC EC4N 8AL CloudCoCo Group PLC (J) T: +44 (0)20 7280 5000 Eckoh PLC JEFFERIES HOARE GOVETT essensys PLC Vintners Place Gresham Technologies PLC 68 Upper Thames Street i-nexus Global PLC London IndigoVision Group PLC EC4V 3BJ Instem PLC T: +44 (0)20 7029 8000 Oxford Metrics PLC SDL PLC (J) F: +44 (0)20 7029 8010 www.jefferies.com SmartSpace Software PLC STIFEL NICOLAUS EUROPE LTD Thorpe (F.W.) PLC 150 Cheapside NCC Group PLC (J) London EC2V 6ET ALLENBY CAPITAL LIMITED T: +44 (0)20 7710 7600 5th Floor F: +44 (0)20 7710 7609 5 St Helen's Place www.stifel.com London Osirium Technologies PLC EC3A 6AB PANMURE GORDON (UK) LTD T: +44 (0)20 3328 5656 Panoply Holdings (The) PLC WANdisco PLC One New Change Zoo Digital Group PLC London EC4M 9AF T: +44 (0)20 7886 2500 www.panmure.com

CENKOS SECURITIES 6.7.8 Tokenhouse Yard London EC2R 7AS GRANT THORNTON UK LLP T: +44 (0)20 7397 8900 30 Finsbury Square London F: +44 (0)20 7397 8901 SP ANGEL www.cenkos.com EC2P 2YU T: +44 (0)20 7383 5100 Prince Frederick House F: +44 (0)20 7383 4715 35-39 Maddox Street www.grantthornton.co.uk London PEEL HUNT LLP W1S 2PP Moor House Crossword Cybersecurity PLC T: +44 (0)20 3470 0470 120 London Wall GRC International Group PLC F: +44 (0)20 7629 1341 London Maestrano Group PLC www.spangel.co.uk EC2Y 5ET T: +44 (0)20 7418 8900 Tekcapital PLC

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May CARG 2019.indb 52 24/05/2019 10:16:24 FINANCIAL PR ADVISERS

• Finsbury joins FTI Consulting in a share of second place in the FTSE 100

• Maitland/AMO adds the most new clients

• Walbrook PR has taken the lead in the Health Care sector

• MHP Communications is now joint frontrunner with FTI Consulting in Industrials

Total Market Sectors Positive developments for Camarco as the consultancy joined Teneo continued its good run in the quarter, with the addition Brunswick in a share of third place within our financial PR rankings. of RHI Magnesita N.V. to its clients, enabling the adviser to move MHP Communications was also heading ever upwards, but the alongside Buchanan and Hudson Sandler in a share of fourth place standout feature through the quarter was the elevation of Maitland/ in Basic Materials rankings. Blytheweigh remains out in front in the AMO into the mid-table positions. Teneo also improved its standing sector, ahead of St Brides Partners and Tavistock Communications. from the previous quarter, while Headland debuted at the foot of Meanwhile, Camarco joins the fray in 11th place on the table. the table. Buchanan added Bidstack Group to its client roster, leaving FTSE 100 the consultancy in a four-way tie for third place in Consumer Discretionary & Consumer Staples. A net brace for Headland saw it Brunswick retained its sizeable advantage over peers in the FTSE 100 edge up the mid-table rankings, while Maitland/AMO bolstered its rankings, and FTI Consulting has been joined by Finsbury in a share clients through the addition of tea plantation group Camellia. of second place. Maitland/AMO and Powerscourt were head-and- head in sixth place, alongside Citigate Dewe Rogerson, on the back Camarco extended its lead in the Energy sector though the addition of solitary gains. The FTSE 100 table certainly has a long tail, with 11 of Active Energy Group. The net constituent total for St Brides advisers with just a single constituent on their books. Partners was unchanged despite a new mandate from Oracle Power. FTI Consulting drew into joint third place with Celicourt FTSE 250 Communications after it added Wentworth Resources to its sector FTI Consulting increased its advantage at the head of the FTSE 250 clients. rankings following its appointment by Investec spin-off Ninety One. FTI Consulting extended its client advantage over Lansons in MHP Communications saw a marginal increase in its numbers for Financials & Real Estate. A trio of new business mandates enabled the quarter, along with Maitland/AMO and Instinctif Partners. In the Maitland/AMO to move into outright fourth place, but it was Kaso lower reaches of the table, Teneo was on the rise on the back of a Legg Communications which made the most noticeable move net brace, while Headland secured new mandates from Aggreko and up through the rankings, up six places into a share of 10th with Watches of Switzerland. Four Broadgate moved up from the foot of St Brides Partners. A handful of consultancies improved their the table, through courtesy of a new mandate. numeric standing in the lower half of the table, but that was due to Small-Cap/Fledgling a fall-away in overall constituent numbers for both TB Cardew and Alma PR. The podium places were unchanged in the Small-Cap/Fledgling rankings with Buchanan leading the way from FTI Consulting and Walbrook PR has taken the lead from FTI Consulting in the Health Lansons. Buchanan also secured pole position by aggregate client Care sector on the back of a new mandate from IXICO. Consilium market-cap during the period under review. Again, it was Camarco Strategic Communications was unmoved in third place, despite which caught the eye, netting four index constituents, including a new commission from CareTech Holdings. Those three advisers Strategic Equity Capital and Polar Capital Global Financials. Tulchan dominate a sector which now features Alma PR in a share of eighth Communications, Maitland/AMO and Powerscourt improved their place. numbers and/or their rankings from the previous quarter. Once MHP Communications now holds pole position with FTI Consulting again, Headland was edging up through the field following its in the Industrials client rankings. Third placed Buchanan also appointment by over-50s travel/insurance group Saga. increased its constituent count through the addition of Equals Group, Total AIM while Finsbury pulled in a net brace to move it up four places into a share of sixth. Hudson Sandler and Walbrook PR also improved their Camarco’s progress was not confined to the Main Market, evidenced standings from the previous quarter. by its elevation to fourth place in the AIM rankings. There were several changes in the running order of the mid-table advisers, albeit due to It was a relatively uneventful affair in theTechnology sector. Alma attrition for the most part. MHP Communications did move up three PR holds a clear advantage over FTI Consulting, followed by an even places on its own steam, and there was a debut to celebrate from clearer gap to the rest of the field. Instinctif Partners was on the Maitland/AMO. FTI Consulting increased its commanding lead, as rise following its appointment by D4t4 Solutions, but numbers were second placed Alma PR shed two clients during the quarter. broadly static otherwise.

Corporate Advisers Rankings Guide 53 FINANCIAL PR ADVISERS

A-Z Total number of Stock Market clients Total Market Cap of Stock Market clients (£M) RANK FINANCIAL PR MAY ‘20 FEB ‘20 RANK FINANCIAL PR MAY ‘20 FEB ‘20 1 (1) - FTI CONSULTING 137 (137) 1 (1) BRUNSWICK GROUP 575,581 (709,467) 2 (2) - BUCHANAN 70 (74) 2 (2) FINSBURY 335,502 (360,841) 3 (3) - BRUNSWICK GROUP 64 (66) 3 (3) FTI CONSULTING 243,893 (276,657) 3 (4) ▲ CAMARCO 64 (61) 4 (5) TENEO 146,936 (160,284) 5 (6) ▲ MHP COMMUNICATIONS 60 (58) 5 (4) TULCHAN COMMUNICATIONS 142,407 (175,766) 6 (4) ▼ TULCHAN COMMUNICATIONS 58 (61) 6 (6) POWERSCOURT 90,571 (113,293) 7 (8) ▲ WALBROOK PR 47 (47) 7 (7) MAITLAND/AMO 79,533 (101,055) 8 (7) ▼ ALMA PR 46 (48) 8 (9) SARD VERBINNEN 71,797 (77,017) 9 (8) ▼ INSTINCTIF PARTNERS 45 (47) 9 (10) MHP COMMUNICATIONS 52,657 (64,407) 10 (11) ▲ TAVISTOCK COMMUNICATIONS 39 (41) 10 (8) CITIGATE DEWE ROGERSON 49,210 (80,893) 11 (10) ▼ ST BRIDES PARTNERS 38 (43) 11 (11) TAVISTOCK COMMUNICATIONS 39,496 (50,358) 12 (12) - NEWGATE COMMUNICATIONS 34 (37) 12 (13) CAMARCO 36,765 (44,197) 12 (13) ▲ POWERSCOURT 34 (34) 13 (12) BUCHANAN 35,709 (45,185) 14 (16) ▲ HUDSON SANDLER 33 (33) 14 (14) SMITHFIELD CONSULTANTS 34,386 (43,709) 14 (21) ▲ MAITLAND/AMO 33 (29) 15 (16) DRURY PORTER NOVELLI 28,040 (31,822) 16 (19) ▲ FINSBURY 32 (32) 16 (15) NEWGATE COMMUNICATIONS 23,562 (35,212) 16 (13) ▼ LANSONS 32 (34) 17 (17) HUDSON SANDLER 21,312 (25,590) 18 (13) ▼ BLYTHEWEIGH 31 (34) 18 (18) INSTINCTIF PARTNERS 18,481 (23,096) 18 (20) ▲ TENEO 31 (30) 19 (22) FOUR BROADGATE 15,021 (14,311) 20 (16) ▼ IFC ADVISORY 29 (33) 20 (19) LANSONS 14,836 (19,607) 20 (16) ▼ YELLOW JERSEY PR 29 (33) 21 (23) WILSON HARTNELL PUBLIC RELATIONS 11,775 (12,737) 22 (23) ▲ VIGO COMMUNICATIONS 24 (26) 22 - HEADLAND 10,794 - 23 (22) ▼ CITIGATE DEWE ROGERSON 23 (28) 23 (21) EDELMAN 10,611 (16,336) 24 (24) - CONSILIUM STRATEGIC COMMUNICATIONS 17 (17) 24 - MURRAY CONSULTANTS 10,022 - 25 - ▲ HEADLAND 15 - 25 - EM COMMUNICATIONS 7,869 -

Jardine Strategic Holdings Ltd Bidstack Group PLC KAZ Minerals PLC BioPharma Credit PLC Mandarin Oriental International Ltd Blancco Technology Group PLC BRUNSWICK GROUP LLP Micro Focus International PLC Bluefield Solar Income Fund Ltd 16 Lincoln's Inn Fields Morgan Advanced Materials PLC boohoo group PLC ALMA PR London Numis Corporation PLC Braemar Shipping Services PLC Old Mutual Ltd Capital Drilling Ltd 71-73 Carter Lane WC2A 3ED OneSavings Bank PLC Cello Health PLC London T: +44 (0)20 7404 5959 Pearson PLC Cenkos Securities PLC EC4V 5EQ F: +44 (0)20 7831 2823 Pollen Street Secured Lending PLC Centamin PLC T: +44 (0)20 3405 0205 www.brunswickgroup.com Polypipe Group PLC Churchill China PLC Provident Financial PLC Civitas Social Housing PLC www.almapr.co.uk Anglo American PLC Prudential PLC (J) Clipper Logistics PLC Antofagasta PLC RIT Capital Partners PLC Connect Group PLC Aston Martin Lagonda Global Holdings PLC Rolls-Royce Holdings PLC ConvaTec Group PLC Royal Mail PLC Dart Group PLC BELVEDERE COMMUNICATIONS Barclays PLC Barratt Developments PLC RSA Insurance Group PLC Dev Clever Holdings PLC 25 Finsbury Circus BHP Group PLC (J) RTW Venture Fund Ltd Dignity PLC London BT Group PLC Sainsbury (J) PLC Diversified Gas & Oil PLC EC2M 7EE Burberry Group PLC Schroders PLC DP Eurasia N.V. Smith & Nephew PLC Egdon Resources PLC T: +44 (0)20 3687 2756 Bushveld Minerals Ltd (J) Cairn Energy PLC Smith (DS) PLC Equals Group PLC Compass Group PLC St James's Place PLC GCP Asset Backed Income Fund Ltd ContourGlobal PLC Superdry PLC GCP Infrastructure Investments Ltd Countryside Properties PLC Trainline PLC GCP Student Living PLC Dairy Farm International Holdings Ltd Weir Group PLC Genus PLC De La Rue PLC WH Smith PLC Gooch & Housego PLC Derwent London PLC William Hill PLC Gore Street Energy Storage Fund PLC Diageo PLC Hargreaves Services PLC Dixons Carphone PLC Headlam Group PLC Domino's Pizza Group PLC Hunting PLC Kenmare Resources PLC (J) BLYTHEWEIGH Electra Private Equity PLC Ferguson PLC Keystone Law Group PLC 4-5 Castle Court Fevertree Drinks PLC LSL Property Services PLC London Finablr PLC Mears Group PLC EC3V 9DL FirstGroup PLC BUCHANAN Mercia Asset Management PLC GlaxoSmithKline PLC Moss Bros Group PLC T: +44 (0)20 7138 3204 107 Cheapside Northbridge Industrial Services PLC www.blytheweigh.com/ Global Ports Holding PLC London Gulf Marine Services PLC Octopus Renewables Infrastructure Trust PLC HgCapital Trust PLC EC2V 6DN Pan African Resources PLC (J) Hiscox Ltd T: +44 (0)20 7466 5000 Petropavlovsk PLC Hongkong Land Holdings Ltd F: +44 (0)20 7466 5001 Porvair PLC Primary Health Properties PLC HSBC Holdings PLC www.buchanan.uk.com InterContinental Hotels Group PLC Purplebricks Group PLC Record PLC Investec PLC (J) Alliance Pharma PLC ITV PLC Redde Northgate PLC Anexo Group PLC Regional REIT Ltd IWG PLC Asimilar Group PLC Jardine Matheson Holdings Ltd ReNeuron Group PLC Belvoir Group PLC Restore PLC

54 Corporate Advisers Rankings Guide 55 FINANCIAL PR ADVISERS

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RPS Group PLC Beximco Pharmaceuticals Ltd (J) Spectris PLC Inland Homes PLC Science in Sport PLC Blue Prism Group PLC Spirent Communications PLC Kcell JSC ScS Group PLC Bodycote PLC St Modwen Properties PLC Lekoil Ltd Solo Oil PLC British American Tobacco PLC (J) Syncona Ltd Loungers PLC Sportech PLC C&C Group PLC (J) Target Healthcare REIT PLC Manolete Partners PLC SQN Asset Finance Income Fund Ltd Cambria Automobiles PLC Tate & Lyle PLC Marston's PLC SQN Secured Income Fund (The) PLC Capital & Regional PLC Thruvision Group PLC MJ Gleeson PLC Tharisa PLC Carador Income Fund PLC TI Fluid Systems PLC Morgan Sindall Group PLC ThinkSmart Ltd Carclo PLC Time Out Group PLC Naked Wines PLC VAALCO Energy, Inc. Circassia Group PLC Tissue Regenix Group PLC Nostrum Oil & Gas PLC Victoria PLC Coats Group PLC TransGlobe Energy Corporation Parkmead Group (The) PLC Vp PLC Dalata Hotel Group PLC UK Commercial Property REIT Ltd PJSC TransContainer VR Education Holdings PLC (J) Destiny Pharma PLC Upland Resources Ltd (J) PZ Cussons PLC Walker Greenbank PLC Devro PLC Urban&Civic PLC Redrow PLC Watkin Jones PLC Diurnal Group PLC Volga Gas PLC Renold PLC Wincanton PLC Drax Group PLC WANdisco PLC Revolution Bars Group PLC WPP PLC e-Therapeutics PLC Warehouse REIT PLC Safestore Holdings PLC Eckoh PLC Wentworth Resources PLC Serica Energy PLC Eddie Stobart Logistics PLC Wilmington PLC Shearwater Group PLC essensys PLC Wizz Air Holdings PLC Simplybiz Group (The) PLC CAMARCO Euromoney Institutional Investor PLC YouGov PLC SkinBioTherapeutics PLC 107 Cheapside First Derivatives PLC Smart Metering Systems PLC Fisher (James) & Sons PLC Spire Healthcare Group PLC London Forterra PLC Ten Entertainment Group PLC EC2V 6DN Greencoat Renewables PLC FTI CONSULTING Van Elle Holdings PLC T: +44 (0)20 3757 4980 GYG PLC PO Box 71253, Office 804, Level 8 Hammerson PLC Harworth Group PLC South Tower, Emirates Financial Towers Helical PLC Dubai International Financial Centre CITIGATE DEWE ROGERSON Helios Towers PLC Dubai Hikma Pharmaceuticals PLC T: +971 (0)4 437 2100 3 London Wall Buildings Hyve Group PLC London iEnergizer Ltd IG Group Holdings PLC EC2M 5SY Commercial Bank of Qatar (Q.S.C.) T: +44 (0)20 7638 9571 Induction Healthcare Group PLC LANSONS Inspecs Group PLC 24a St John Street International Personal Finance PLC London International Public Partnerships Ltd Intertek Group PLC HEADLAND EC1M 4AY EDELMAN JZ Capital Partners Ltd Cannon Green T: +44 (0)20 7490 8828 Southside Kainos Group PLC 27 Bush Lane F: +44 (0)20 7490 5460 105 Victoria Street Kier Group PLC London www.lansons.com Lancashire Holdings Ltd London EC4R 0AA SW1E 6QT Learning Technologies Group PLC Aberdeen Diversified Inc. and Growth Trust PLC Lenta PLC T: +44 (0)20 3805 4822 T: +44 (0)20 3047 2000 Allianz Technology Trust PLC Lloyds Banking Group PLC Artemis Alpha Trust PLC LondonMetric Property PLC BlackRock Energy and Resources Inc. Trust PLC Longboat Energy PLC BlackRock Frontiers Investment Trust PLC LoopUp Group PLC HUDSON SANDLER BlackRock Greater Europe Investment Trust PLC FINSBURY Marlowe PLC 29 Cloth Fair BlackRock Income and Growth Inv. Trust PLC McBride PLC The Adelphi London BlackRock Latin American Investment Trust PLC 1-11 John Adam Street McKay Securities PLC BlackRock North American Income Trust PLC Medica Group PLC EC1A 7NN London BlackRock Smaller Companies Trust PLC Mediclinic International PLC T: +44 (0)20 7796 4133 BlackRock Throgmorton Trust PLC WC2N 6HT Meggitt PLC BlackRock World Mining Trust PLC T: +44 (0)20 7251 3801 Mereo BioPharma Group PLC (J) Brunner Investment Trust (The) PLC MHP SE City Merchants High Yield Trust Ltd Midwich Group PLC IFC ADVISORY LTD City of London Group PLC Mondi PLC 24 Cornhill Fidelity China Special Situations PLC Motorpoint Group PLC FOUR BROADGATE London Fidelity European Values PLC 20 St Thomas Street NAHL Group PLC Fidelity Special Values PLC Ninety One PLC EC3V 3ND London IntegraFin Holdings PLC Novacyt S.A. T: +44 (0)20 3934 6633 International Biotechnology Trust PLC SE1 9BF On the Beach Group PLC Invesco Asia Trust PLC T: +44 (0)20 3697 4200 Oncimmune Holdings PLC Invesco Enhanced Income Ltd Origin Enterprises PLC Invesco Income Growth Trust PLC Oxford BioDynamics PLC Invesco Perpetual Select Trust PLC Oxford Metrics PLC Invesco Perpetual UK Smaller Companies Inv. Trust PLC PageGroup PLC Investec PLC (J) Palace Capital PLC Keystone Investment Trust PLC Petro Matad Ltd INSTINCTIF PARTNERS Martin Currie Global Portfolio Trust PLC Plaza Centers N.V. 65 Gresham Street Mercantile Investment Trust (The) PLC Polymetal International PLC Merchants Trust (The) PLC FTI CONSULTING PureTech Health PLC London Mid Wynd International Investment Trust PLC (J) 200 Aldersgate Quadrise Fuels International PLC EC2V 7NQ Templeton Emerging Markets Inv. Trust PLC Aldersgate Street Randall & Quilter Investment Holdings Ltd T: +44 (0)20 7457 2020 Rank Group (The) PLC London RDI REIT PLC F: +44 (0)20 7866 7900 EC1A 4HD instinctif.com Redx Pharma PLC LUTHER PENDRAGON LTD T: +44 (0)20 3727 1000 Renewi PLC 600 Group (The) PLC 48 Gracechurch Street F: +44 (0)20 3727 1007 Residential Secure Income PLC Rotork PLC ADES International Holding PLC London www.fticonsulting.com Safestyle UK PLC AJ Bell PLC EC3V 0EJ Sage Group (The) PLC Allied Minds PLC AA PLC T: +44 (0)20 7618 9100 Scancell Holdings PLC Altitude Group PLC Abcam PLC Scapa Group PLC Barr (A.G.) PLC accesso Technology Group PLC Schroder Real Estate Investment Trust Ltd City Pub Group (The) PLC Accsys Technologies PLC Schroder UK Public Private Trust PLC Clinigen Group PLC Admiral Group PLC Secure Income REIT PLC D4t4 Solutions PLC MAITLAND/AMO Advanced Oncotherapy PLC Segro PLC Danakali Ltd 13 King's Boulevard Amino Technologies PLC SEPLAT Petroleum Development Company PLC discoverIE Group PLC London ANGLE PLC Sherborne Investors (Guernsey) B Ltd Dolphin Capital Investors Ltd Argentex Group PLC N1C 4BU Sherborne Investors (Guernsey) C Ltd Ebiquity PLC Arrow Global Group PLC T: +44 (0)20 7379 5151 Shoe Zone PLC Feedback PLC Ascential PLC SIG PLC Fuller, Smith & Turner PLC Ashmore Group PLC SIMEC Atlantis Energy Ltd Future PLC Ashoka India Equity Investment Trust PLC Smiths Group PLC GLI Finance Ltd AVEVA Group PLC Smurfit Kappa Group PLC (J) Gym Group (The) PLC Babcock International Group PLC Softcat PLC Hastings Group Holdings PLC Bango PLC Inchcape PLC

56 Corporate Advisers Rankings Guide 57 FINANCIAL PR ADVISERS

NEWGATE COMMUNICATIONS TENEO Vertu Capital Ltd Sky Light City Tower 5th Floor Westminster Group PLC 50 Basinghall Street 6 More London Place Yourgene Health PLC London London EC2V 5DE SE1 2DA MHP COMMUNICATIONS T: +44 (0)20 7653 9850 T: +44 (0)20 7260 2700 4th Floor 60 Great Portland Street London W1W 7RT POWERSCOURT TULCHAN COMMUNICATIONS LLP T: +44 (0)20 3128 8100 1 Tudor Street 85 Fleet Street F: +44 (0)20 3128 8171 London London www.mhpc.com EC4Y 0AH EC4Y 1AE T: +44 (0)20 7250 1446 T: +44 (0)20 7353 4200 4imprint Group PLC Applegreen PLC (J) Appreciate Group PLC ASA International Group PLC QUILL PR VIGO COMMUNICATIONS Avon Rubber PLC Axiom European Financial Debt Fund Ltd 107 Cheapside Sackville House Bank of Georgia Group PLC London 40 Piccadilly Begbies Traynor Group PLC EC2V 6DN London Benchmark Holdings PLC T: +44 (0)20 7466 5050 W1J ODR Brooks Macdonald Group PLC T: +44 (0)20 7390 9230 Brown (N) Group PLC Cake Box Holdings PLC Chemring Group PLC Cohort PLC SMITHFIELD CONSULTANTS Costain Group PLC Southside YELLOW JERSEY PR LTD Dialight PLC 105 Victoria Street Top Floor Dunelm Group PLC London 70-71 Wells Street EMIS Group PLC SW1E 6QT London Epwin Group PLC Franchise Brands PLC T: +44 (0)20 3047 2000 W1T 3QE FRP Advisory Group PLC T: +44 (0)203 735 8825 Georgia Healthcare Group PLC Grafton Group PLC (J) Halma PLC Harbourvest Global Private Equity Ltd Hill & Smith Holdings PLC IDOX PLC JD Sports Fashion PLC Keywords Studios PLC Knights Group Holdings PLC WALBROOK PR Lookers PLC 4 Lombard Street ST BRIDES PARTNERS Luceco PLC London Marble Point Loan Financing Ltd WeWork EC3V 9HD Marshalls PLC 51 Eastcheap Mothercare PLC T: +44 (0)20 7933 8780 London MySale Group PLC F: +44 (0)20 7933 8781 EC3V 9DS Nanoco Group PLC www.walbrookpr.com NextEnergy Solar Fund Ltd T: +44 (0)20 7236 1177 NWF Group PLC F: +44 (0)20 7236 1188 1pm PLC Oxford Instruments PLC www.stbridesmedia.co.uk Audioboom Group PLC Plus500 Ltd Baskerville Capital PLC Real Good Food PLC Bigblu Broadband PLC Restaurant Group (The) PLC St Brides Partners is a London based Collagen Solutions PLC River and Mercantile Group PLC specialist multi-divisional investor Concepta PLC RWS Holdings PLC and public relations consultancy for Creo Medical Group PLC Science Group PLC growth companies. The company Diaceutics PLC Shaftesbury PLC (J) Dillistone Group PLC Speedy Hire PLC provides a broad range of services, EKF Diagnostics Holdings PLC SSE PLC extending beyond the traditional Evgen Pharma PLC Telecom Plus PLC Filtronic PLC Town Centre Securities PLC relations to include business analysis, Fusion Antibodies PLC TR Property Investment Trust PLC genedrive PLC TT Electronics PLC Good Energy Group PLC Tyman PLC in the development of strategy, Great Western Mining Corporation PLC Ultra Electronics Holdings PLC increasing media exposure to boost Hemogenyx Pharmaceuticals PLC Urban Exposure PLC corporate image, promoting market Honye Financial Services Ltd Vesuvius PLC position to investors and raising Ilika PLC Vitec Group (The) PLC Instem PLC WH Ireland Group PLC Intelligent Ultrasound Group PLC Young & Co's Brewery PLC are amongst some of the services the IXICO PLC highly reputable and complementary LiDCO Group PLC Mobile Tornado Group PLC Motif Bio PLC (J) MONTFORT COMMUNICATIONS New Century AIM VCT 2 PLC 2nd Floor Berkeley Square House New Century AIM VCT PLC Berkeley Square Omega Diagnostics Group PLC TAVISTOCK COMMUNICATIONS LTD OptiBiotix Health PLC Mayfair 1 Cornhill OTAQ PLC London London PCI-PAL PLC W1J 6BD Pennant International Group PLC EC3V 3ND T: +44 (0)20 3514 0897 Polarean Imaging PLC T: +44 (0)20 7920 3150 Renalytix AI PLC Renew Holdings PLC Shield Therapeutics PLC MURRAY CONSULTANTS LTD Solid State PLC TEMPLE BAR ADVISORY STM Group PLC 40 Lower Baggot Street 60 Cannon Street Supply@ME Capital PLC Dublin 2 London Surgical Innovations Group PLC D02Y793 Trinity Exploration & Production PLC EC4N 6NP T: +353 (0)1 498 0300 Tristel PLC T: +44 (0)20 7002 1080 UAE Oil Services PLC ULS Technology PLC

56 Corporate Advisers Rankings Guide 57 FINANCIAL PR ADVISERS

FTSE 100 Number of clients Client Market Cap (£M) RANK FINANCIAL PR MAY ‘20 FEB ‘20 RANK FINANCIAL PR MAY ‘20 FEB ‘20 1 (1) - BRUNSWICK GROUP 23 (23) 1 (1) BRUNSWICK GROUP 449,786 (558,696) 2 (3) ▲ FINSBURY 13 (12) 2 (2) FINSBURY 315,550 (326,981) 2 (2) - FTI CONSULTING 13 (13) 3 (3) FTI CONSULTING 164,563 (193,303) 4 (4) - TULCHAN COMMUNICATIONS 10 (10) 4 (4) TENEO 128,656 (143,821) 5 (5) - TENEO 8 (9) 5 (5) TULCHAN COMMUNICATIONS 106,858 (124,495) 6 (6) - CITIGATE DEWE ROGERSON 5 (5) 6 (6) SARD VERBINNEN 71,797 (77,017) 6 (7) ▲ MAITLAND/AMO 5 (4) 7 (8) POWERSCOURT 63,045 (68,989) 6 (7) ▲ POWERSCOURT 5 (4) 8 (7) MAITLAND/AMO 59,444 (76,712) 9 (9) - MHP COMMUNICATIONS 3 (3) 9 (9) CITIGATE DEWE ROGERSON 36,139 (47,712) 10 (10) - DRURY PORTER NOVELLI 2 (2) 10 (10) TAVISTOCK COMMUNICATIONS 30,263 (39,969) 10 (10) - WILSON HARTNELL PUBLIC RELATIONS 2 (2) 11 (11) SMITHFIELD CONSULTANTS 28,167 (35,056) 12 (12) - BUCHANAN 1 (1) 12 (14) DRURY PORTER NOVELLI 26,357 (29,375) 12 (12) - CAMARCO 1 (1) 13 (12) MHP COMMUNICATIONS 25,828 (31,594) 12 (12) - FOUR BROADGATE 1 (1) 14 (13) NEWGATE COMMUNICATIONS 19,395 (29,647) 12 (12) - MONTFORT COMMUNICATIONS 1 (1) 15 (15) CAMARCO 15,441 (18,463) 12 (12) - NEWGATE COMMUNICATIONS 1 (1) 16 (16) WILSON HARTNELL PUBLIC RELATIONS 11,448 (12,290) 12 (12) - NOVELLA COMMUNICATIONS 1 (1) 17 (21) FOUR BROADGATE 9,376 (8,475) 12 (12) - ROWBELL PR 1 (1) 18 (19) V+O COMMUNICATIONS 7,481 (10,121) 12 (12) - SARD VERBINNEN 1 (1) 19 (17) BUCHANAN 7,234 (11,774) 12 (12) - SMITHFIELD CONSULTANTS 1 (1) 20 (20) ROWBELL PR 6,363 (9,182) 12 (12) - TAVISTOCK COMMUNICATIONS 1 (1) 21 (22) NOVELLA COMMUNICATIONS 5,405 (6,596) 12 (12) - V+O COMMUNICATIONS 1 (1) 22 (18) MONTFORT COMMUNICATIONS 4,587 (11,329)

CITIGATE DEWE ROGERSON 3 London Wall Buildings London BRUNSWICK GROUP LLP EC2M 5SY BUCHANAN 16 Lincoln's Inn Fields FTI CONSULTING T: +44 (0)20 7638 9571 107 Cheapside London 200 Aldersgate London WC2A 3ED Aldersgate Street EC2V 6DN T: +44 (0)20 7404 5959 London T: +44 (0)20 7466 5000 F: +44 (0)20 7831 2823 EC1A 4HD MAITLAND/AMO F: +44 (0)20 7466 5001 www.brunswickgroup.com T: +44 (0)20 3727 1000 13 King's Boulevard www.buchanan.uk.com F: +44 (0)20 3727 1007 London Anglo American PLC www.fticonsulting.com N1C 4BU WPP PLC Antofagasta PLC T: +44 (0)20 7379 5151 Barclays PLC Admiral Group PLC Barratt Developments PLC AVEVA Group PLC BHP Group PLC (J) British American Tobacco PLC (J) CAMARCO BT Group PLC Hikma Pharmaceuticals PLC POWERSCOURT 107 Cheapside Burberry Group PLC Intertek Group PLC 1 Tudor Street Compass Group PLC London Lloyds Banking Group PLC London Diageo PLC Meggitt PLC EC2V 6DN EC4Y 0AH Ferguson PLC Mondi PLC T: +44 (0)20 3757 4980 GlaxoSmithKline PLC Polymetal International PLC T: +44 (0)20 7250 1446 HSBC Holdings PLC Sage Group (The) PLC InterContinental Hotels Group PLC Segro PLC ITV PLC Smiths Group PLC FOUR BROADGATE Pearson PLC Smurfit Kappa Group PLC (J) 20 St Thomas Street Prudential PLC (J) London SE1 9BF Rolls-Royce Holdings PLC T: +44 (0)20 3697 4200 RSA Insurance Group PLC Sainsbury (J) PLC TULCHAN COMMUNICATIONS LLP Schroders PLC 85 Fleet Street MHP COMMUNICATIONS Smith & Nephew PLC London 4th Floor MONTFORT COMMUNICATIONS Smith (DS) PLC 2nd Floor Berkeley Square House St James's Place PLC EC4Y 1AE 60 Great Portland Street T: +44 (0)20 7353 4200 London Berkeley Square W1W 7RT Mayfair T: +44 (0)20 3128 8100 London FINSBURY W1J 6BD TENEO F: +44 (0)20 3128 8171 The Adelphi www.mhpc.com T: +44 (0)20 3514 0897 1-11 John Adam Street 5th Floor 6 More London Place London Halma PLC London WC2N 6HT JD Sports Fashion PLC NEWGATE COMMUNICATIONS T: +44 (0)20 7251 3801 SE1 2DA SSE PLC T: +44 (0)20 7260 2700 Sky Light City Tower 50 Basinghall Street London EC2V 5DE T: +44 (0)20 7653 9850

58 Corporate Advisers Rankings Guide 59 FINANCIAL PR ADVISERS

FTSE 250 Number of clients Client Market Cap (£M) RANK FINANCIAL PR MAY ‘20 FEB ‘20 RANK FINANCIAL PR MAY ‘20 FEB ‘20 1 (1) - FTI CONSULTING 33 (32) 1 (1) FTI CONSULTING 45,381 (56,968) 2 (2) - BRUNSWICK GROUP 25 (26) 2 (2) BRUNSWICK GROUP 35,099 (54,981) 3 (3) - TULCHAN COMMUNICATIONS 21 (25) 3 (3) TULCHAN COMMUNICATIONS 28,337 (42,031) 4 (4) - MHP COMMUNICATIONS 17 (16) 4 (4) POWERSCOURT 20,830 (37,442) 5 (5) - FINSBURY 13 (15) 5 (6) MHP COMMUNICATIONS 18,352 (21,157) 6 (6) - POWERSCOURT 12 (14) 6 (5) FINSBURY 17,387 (31,141) 7 (8) ▲ MAITLAND/AMO 11 (10) 7 (7) MAITLAND/AMO 17,143 (20,863) 8 (10) ▲ INSTINCTIF PARTNERS 10 (9) 8 (13) TENEO 14,336 (11,475) 8 (8) - LANSONS 10 (10) 9 (8) CAMARCO 13,898 (17,511) 10 (7) ▼ CAMARCO 9 (12) 10 (12) BUCHANAN 12,649 (12,169) 11 (11) - CITIGATE DEWE ROGERSON 8 (8) 11 (11) INSTINCTIF PARTNERS 11,079 (13,323) 12 (12) - BUCHANAN 7 (7) 12 (10) LANSONS 10,649 (13,711) 12 (13) ▲ TENEO 7 (5) 13 (9) CITIGATE DEWE ROGERSON 9,723 (13,911) 14 (15) ▲ HEADLAND 6 (4) 14 (14) QUILL PR 7,598 (8,327) 15 (13) ▼ QUILL PR 5 (5) 15 (16) HEADLAND 7,227 (6,971) 16 (15) ▼ SMITHFIELD CONSULTANTS 4 (4) 16 (15) SMITHFIELD CONSULTANTS 5,525 (7,761) 17 (18) ▲ FOUR BROADGATE 3 (2) 17 (17) TAVISTOCK COMMUNICATIONS 5,198 (5,223) 17 (15) ▼ HUDSON SANDLER 3 (4) 18 (22) FOUR BROADGATE 3,344 (2,834) 19 (18) ▼ TAVISTOCK COMMUNICATIONS 2 (2) 19 (18) HUDSON SANDLER 2,990 (4,490) 19 (18) ▼ TEMPLE BAR ADVISORY 2 (2) 20 (20) TOOLEYSTREET COMMUNICATIONS 2,755 (2,926)

POWERSCOURT 1 Tudor Street London BRUNSWICK GROUP LLP EC4Y 0AH FTI CONSULTING 16 Lincoln's Inn Fields T: +44 (0)20 7250 1446 200 Aldersgate London MHP COMMUNICATIONS Aldersgate Street WC2A 3ED 4th Floor London T: +44 (0)20 7404 5959 60 Great Portland Street EC1A 4HD F: +44 (0)20 7831 2823 London MAITLAND/AMO T: +44 (0)20 3727 1000 www.brunswickgroup.com W1W 7RT 13 King's Boulevard F: +44 (0)20 3727 1007 T: +44 (0)20 3128 8100 London www.fticonsulting.com Aston Martin Lagonda Global Holdings PLC F: +44 (0)20 3128 8171 N1C 4BU Cairn Energy PLC www.mhpc.com T: +44 (0)20 7379 5151 Ascential PLC ContourGlobal PLC Countryside Properties PLC Ashmore Group PLC 4imprint Group PLC Derwent London PLC Babcock International Group PLC Avon Rubber PLC Dixons Carphone PLC Bodycote PLC Bank of Georgia Group PLC Domino's Pizza Group PLC C&C Group PLC (J) Chemring Group PLC FirstGroup PLC Coats Group PLC Dunelm Group PLC HgCapital Trust PLC Drax Group PLC Grafton Group PLC (J) Hiscox Ltd Euromoney Institutional Investor PLC Harbourvest Global Private Equity Ltd INSTINCTIF PARTNERS Investec PLC (J) Fisher (James) & Sons PLC Hill & Smith Holdings PLC 65 Gresham Street IWG PLC Forterra PLC Marshalls PLC London KAZ Minerals PLC Hammerson PLC NextEnergy Solar Fund Ltd EC2V 7NQ Micro Focus International PLC Helios Towers PLC Oxford Instruments PLC Morgan Advanced Materials PLC T: +44 (0)20 7457 2020 Hyve Group PLC Plus500 Ltd OneSavings Bank PLC F: +44 (0)20 7866 7900 IG Group Holdings PLC Shaftesbury PLC (J) Pollen Street Secured Lending PLC instinctif.com International Public Partnerships Ltd Telecom Plus PLC Polypipe Group PLC Kainos Group PLC TR Property Investment Trust PLC Provident Financial PLC AJ Bell PLC Lancashire Holdings Ltd Ultra Electronics Holdings PLC RIT Capital Partners PLC Barr (A.G.) PLC LondonMetric Property PLC Vesuvius PLC Mediclinic International PLC Royal Mail PLC Future PLC Ninety One PLC Trainline PLC Hastings Group Holdings PLC PageGroup PLC Weir Group PLC Inchcape PLC WH Smith PLC PureTech Health PLC FINSBURY Marston's PLC William Hill PLC Morgan Sindall Group PLC Rank Group (The) PLC The Adelphi Rotork PLC PZ Cussons PLC Softcat PLC 1-11 John Adam Street Redrow PLC Spectris PLC London Safestore Holdings PLC Spirent Communications PLC TULCHAN COMMUNICATIONS LLP WC2N 6HT St Modwen Properties PLC 85 Fleet Street T: +44 (0)20 7251 3801 Syncona Ltd London Tate & Lyle PLC EC4Y 1AE TI Fluid Systems PLC T: +44 (0)20 7353 4200 UK Commercial Property REIT Ltd Wizz Air Holdings PLC

58 Corporate Advisers Rankings Guide 59 FINANCIAL PR ADVISERS

QUILL PR 107 Cheapside London BUCHANAN EC2V 6DN 107 Cheapside LANSONS T: +44 (0)20 7466 5050 London 24a St John Street EC2V 6DN London T: +44 (0)20 7466 5000 EC1M 4AY SMITHFIELD CONSULTANTS F: +44 (0)20 7466 5001 T: +44 (0)20 7490 8828 Southside www.buchanan.uk.com F: +44 (0)20 7490 5460 105 Victoria Street www.lansons.com Centamin PLC London ConvaTec Group PLC SW1E 6QT Allianz Technology Trust PLC GCP Infrastructure Investments Ltd T: +44 (0)20 3047 2000 BlackRock Smaller Companies Trust PLC GCP Student Living PLC BlackRock World Mining Trust PLC Genus PLC Fidelity China Special Situations PLC Petropavlovsk PLC Fidelity European Values PLC Primary Health Properties PLC FOUR BROADGATE Fidelity Special Values PLC 20 St Thomas Street IntegraFin Holdings PLC Investec PLC (J) London SE1 9BF Mercantile Investment Trust (The) PLC TENEO Templeton Emerging Markets Inv. Trust PLC T: +44 (0)20 3697 4200 5th Floor 6 More London Place London CAMARCO SE1 2DA HUDSON SANDLER 107 Cheapside T: +44 (0)20 7260 2700 29 Cloth Fair London London EC2V 6DN EC1A 7NN T: +44 (0)20 3757 4980 T: +44 (0)20 7796 4133 HEADLAND Cannon Green 27 Bush Lane CITIGATE DEWE ROGERSON London 3 London Wall Buildings EC4R 0AA London T: +44 (0)20 3805 4822 EC2M 5SY T: +44 (0)20 7638 9571

60 Corporate Advisers Rankings Guide 61 FINANCIAL PR ADVISERS

FTSE Small Cap/Fledgling Number of clients Client Market Cap (£M) RANK FINANCIAL PR MAY ‘20 FEB ‘20 RANK FINANCIAL PR MAY ‘20 FEB ‘20 1 (1) - BUCHANAN 27 (28) 1 (2) BUCHANAN 5,566 (7,462) 2 (2) - FTI CONSULTING 24 (26) 2 (1) FTI CONSULTING 4,731 (8,538) 3 (3) - LANSONS 19 (21) 3 (3) LANSONS 3,989 (5,651) 4 (4) - MHP COMMUNICATIONS 17 (18) 4 (7) CAMARCO 3,690 (3,436) 5 (6) ▲ CAMARCO 16 (12) 5 (5) TULCHAN COMMUNICATIONS 3,267 (4,662) 5 (5) - TULCHAN COMMUNICATIONS 16 (15) 6 (4) MHP COMMUNICATIONS 2,433 (5,563) 7 (8) ▲ FOUR BROADGATE 10 (11) 7 (8) FOUR BROADGATE 2,302 (3,003) 8 (6) ▼ INSTINCTIF PARTNERS 9 (12) 8 (9) MAITLAND/AMO 2,179 (2,584) 8 (10) ▲ MAITLAND/AMO 9 (8) 9 (6) INSTINCTIF PARTNERS 1,918 (3,760) 10 (9) ▼ NEWGATE COMMUNICATIONS 8 (9) 10 (10) NEWGATE COMMUNICATIONS 1,847 (2,449) 10 (11) ▲ POWERSCOURT 8 (7) 11 (13) HUDSON SANDLER 1,326 (1,448) 12 (12) - HUDSON SANDLER 6 (6) 12 (16) CONSILIUM STRATEGIC COMMUNICATIONS 1,092 (1,035) 13 (13) - BRUNSWICK GROUP 5 (5) 13 (14) POWERSCOURT 969 (1,202) 13 (15) ▲ HEADLAND 5 (4) 14 (11) FINSBURY 905 (1,842) 13 (13) - TENEO 5 (5) 15 (21) PEREGRINE COMMUNICATIONS 822 (683) 16 (18) ▲ FINSBURY 3 (3) 16 (15) KASO LEGG COMMUNICATIONS 766 (1,130) 16 (18) ▲ IFC ADVISORY 3 (3) 17 (19) LUTHER PENDRAGON 674 (748) 16 (18) ▲ KASO LEGG COMMUNICATIONS 3 (3) 18 - HEADLAND 671 - 16 (18) ▲ TAVISTOCK COMMUNICATIONS 3 (3) 19 (17) ALMA PR 530 (778) 16 (15) ▼ TB CARDEW 3 (4) 20 - MURRAY CONSULTANTS 520 -

BUCHANAN FTI CONSULTING 107 Cheapside 200 Aldersgate LANSONS London MHP COMMUNICATIONS Aldersgate Street 24a St John Street EC2V 6DN 4th Floor London London T: +44 (0)20 7466 5000 60 Great Portland Street EC1A 4HD EC1M 4AY F: +44 (0)20 7466 5001 London T: +44 (0)20 3727 1000 T: +44 (0)20 7490 8828 www.buchanan.uk.com W1W 7RT F: +44 (0)20 3727 1007 F: +44 (0)20 7490 5460 T: +44 (0)20 3128 8100 www.fticonsulting.com www.lansons.com Bluefield Solar Income Fund Ltd F: +44 (0)20 3128 8171 Braemar Shipping Services PLC www.mhpc.com Capital Drilling Ltd AA PLC Aberdeen Diversified Inc. and Growth Trust PLC Civitas Social Housing PLC Arrow Global Group PLC Artemis Alpha Trust PLC ASA International Group PLC Clipper Logistics PLC Ashoka India Equity Investment Trust PLC BlackRock Energy and Resources Inc. Trust PLC Axiom European Financial Debt Fund Ltd Connect Group PLC Capital & Regional PLC BlackRock Frontiers Investment Trust PLC Brown (N) Group PLC Dignity PLC Carclo PLC BlackRock Greater Europe Investment Trust PLC Costain Group PLC DP Eurasia N.V. Devro PLC BlackRock Income and Growth Inv. Trust PLC Dialight PLC GCP Asset Backed Income Fund Ltd Harworth Group PLC BlackRock Latin American Investment Trust PLC Georgia Healthcare Group PLC Gore Street Energy Storage Fund PLC Helical PLC BlackRock North American Income Trust PLC Lookers PLC Headlam Group PLC International Personal Finance PLC BlackRock Throgmorton Trust PLC Luceco PLC Hunting PLC Kier Group PLC Brunner Investment Trust (The) PLC Mothercare PLC Kenmare Resources PLC (J) McBride PLC City Merchants High Yield Trust Ltd Nanoco Group PLC LSL Property Services PLC McKay Securities PLC International Biotechnology Trust PLC Restaurant Group (The) PLC Mears Group PLC Medica Group PLC Invesco Asia Trust PLC River and Mercantile Group PLC Moss Bros Group PLC Motorpoint Group PLC Invesco Income Growth Trust PLC Speedy Hire PLC Octopus Renewables Infrastructure Trust PLC On the Beach Group PLC Invesco Perpetual UK Smaller Companies Inv. Town Centre Securities PLC Porvair PLC Palace Capital PLC Trust PLC TT Electronics PLC Record PLC RDI REIT PLC Keystone Investment Trust PLC Tyman PLC Redde Northgate PLC Renewi PLC Martin Currie Global Portfolio Trust PLC Vitec Group (The) PLC Regional REIT Ltd Residential Secure Income PLC Merchants Trust (The) PLC RPS Group PLC Schroder Real Estate Investment Trust Ltd Mid Wynd International Investment Trust PLC (J) ScS Group PLC Schroder UK Public Private Trust PLC Sportech PLC SIG PLC CAMARCO SQN Asset Finance Income Fund Ltd Target Healthcare REIT PLC 107 Cheapside Urban&Civic PLC Vp PLC London Wincanton PLC EC2V 6DN T: +44 (0)20 3757 4980

TULCHAN COMMUNICATIONS LLP 85 Fleet Street London EC4Y 1AE T: +44 (0)20 7353 4200

60 Corporate Advisers Rankings Guide 61 FINANCIAL PR ADVISERS

FOUR BROADGATE POWERSCOURT TENEO 20 St Thomas Street 1 Tudor Street 5th Floor London London 6 More London Place SE1 9BF EC4Y 0AH London T: +44 (0)20 3697 4200 T: +44 (0)20 7250 1446 SE1 2DA ALMA PR T: +44 (0)20 7260 2700 71-73 Carter Lane London HUDSON SANDLER EC4V 5EQ 29 Cloth Fair FINSBURY T: +44 (0)20 3405 0205 London The Adelphi www.almapr.co.uk INSTINCTIF PARTNERS EC1A 7NN 1-11 John Adam Street 65 Gresham Street T: +44 (0)20 7796 4133 London London WC2N 6HT EC2V 7NQ T: +44 (0)20 7251 3801 T: +44 (0)20 7457 2020 F: +44 (0)20 7866 7900 instinctif.com IFC ADVISORY LTD BRUNSWICK GROUP LLP 24 Cornhill Allied Minds PLC 16 Lincoln's Inn Fields London discoverIE Group PLC London EC3V 3ND Fuller, Smith & Turner PLC WC2A 3ED Gym Group (The) PLC T: +44 (0)20 3934 6633 MJ Gleeson PLC T: +44 (0)20 7404 5959 Nostrum Oil & Gas PLC F: +44 (0)20 7831 2823 Revolution Bars Group PLC www.brunswickgroup.com Spire Healthcare Group PLC TAVISTOCK COMMUNICATIONS LTD Ten Entertainment Group PLC De La Rue PLC 1 Cornhill Electra Private Equity PLC London Finablr PLC EC3V 3ND Gulf Marine Services PLC T: +44 (0)20 7920 3150 MAITLAND/AMO Superdry PLC 13 King's Boulevard London N1C 4BU HEADLAND T: +44 (0)20 7379 5151 Cannon Green 27 Bush Lane London NEWGATE COMMUNICATIONS EC4R 0AA Sky Light City Tower T: +44 (0)20 3805 4822 50 Basinghall Street London EC2V 5DE T: +44 (0)20 7653 9850

62 Corporate Advisers Rankings Guide 63 FINANCIAL PR ADVISERS

Total AIM Clients Number of clients Client Market Cap (£M) RANK FINANCIAL PR MAY ‘20 FEB ‘20 RANK FINANCIAL PR MAY ‘20 FEB ‘20 1 (1) - FTI CONSULTING 55 (55) 1 (1) FTI CONSULTING 12,509 (13,788) 2 (2) - ALMA PR 43 (45) 2 (2) BUCHANAN 8,945 (11,893) 3 (3) - WALBROOK PR 38 (38) 3 (3) MHP COMMUNICATIONS 5,972 (5,842) 4 (5) ▲ CAMARCO 33 (31) 4 (4) ALMA PR 4,447 (5,440) 5 (5) - BUCHANAN 30 (31) 5 (5) HUDSON SANDLER 3,886 (4,480) 6 (4) ▼ ST BRIDES PARTNERS 29 (32) 6 (6) TULCHAN COMMUNICATIONS 3,791 (4,280) 7 (8) ▲ BLYTHEWEIGH 24 (27) 7 (8) INSTINCTIF PARTNERS 3,124 (3,615) 7 (9) ▲ NEWGATE COMMUNICATIONS 24 (26) 8 (9) CITIGATE DEWE ROGERSON 2,957 (3,276) 7 (10) ▲ TAVISTOCK COMMUNICATIONS 24 (24) 9 (7) CAMARCO 2,897 (4,036) 7 (7) - YELLOW JERSEY PR 24 (28) 10 (10) HEADLAND 2,715 (3,135) 11 (13) ▲ INSTINCTIF PARTNERS 22 (22) 11 (13) BRUNSWICK GROUP 2,515 (2,137) 11 (14) ▲ MHP COMMUNICATIONS 22 (20) 12 (14) CONSILIUM STRATEGIC COMMUNICATIONS 2,445 (2,121) 11 (10) ▼ VIGO COMMUNICATIONS 22 (24) 13 (12) WALBROOK PR 2,222 (2,338) 14 (10) ▼ IFC ADVISORY 21 (24) 14 (15) TAVISTOCK COMMUNICATIONS 1,886 (1,997) 15 (15) - HUDSON SANDLER 20 (19) 15 (11) VIGO COMMUNICATIONS 1,854 (2,339) 16 (16) - CONSILIUM STRATEGIC COMMUNICATIONS 14 (14) 16 (17) TENEO 1,397 (1,648) 17 (18) ▲ NOVELLA COMMUNICATIONS 10 (9) 17 (18) BELVEDERE COMMUNICATIONS 1,330 (1,468) 17 (17) - TULCHAN COMMUNICATIONS 10 (10) 18 (19) POWERSCOURT 1,327 (1,462) 19 (22) ▲ BELVEDERE COMMUNICATIONS 9 (8) 19 (16) MILBOURNE 1,167 (1,877) 19 (18) ▼ KTZ COMMUNICATIONS 9 (9) 20 (20) IFC ADVISORY 1,128 (1,412) 19 (18) ▼ LUTHER PENDRAGON 9 (9) 21 (22) YELLOW JERSEY PR 959 (1,058) 22 (18) ▼ CITIGATE DEWE ROGERSON 8 (9) 22 (23) BLYTHEWEIGH 851 (998) 23 (23) - CELICOURT COMMUNICATIONS 7 (7) 23 (24) MONTFORT COMMUNICATIONS 823 (815) 23 (23) - TENEO 7 (7) 24 (21) NEWGATE COMMUNICATIONS 810 (1,217) 25 - ▲ MAITLAND/AMO 5 - 25 - LUTHER PENDRAGON 585 - 25 (25) - POWERSCOURT 5 (5) 26 - MAITLAND/AMO 490 -

NAHL Group PLC STM Group PLC Novacyt S.A. Surgical Innovations Group PLC Oncimmune Holdings PLC Trinity Exploration & Production PLC Origin Enterprises PLC Tristel PLC FTI CONSULTING Oxford BioDynamics PLC WALBROOK PR ULS Technology PLC 200 Aldersgate Oxford Metrics PLC 4 Lombard Street Westminster Group PLC Aldersgate Street Petro Matad Ltd London Yourgene Health PLC Quadrise Fuels International PLC London EC3V 9HD EC1A 4HD Randall & Quilter Investment Holdings Ltd Redx Pharma PLC T: +44 (0)20 7933 8780 T: +44 (0)20 3727 1000 Safestyle UK PLC F: +44 (0)20 7933 8781 CAMARCO F: +44 (0)20 3727 1007 Scancell Holdings PLC www.walbrookpr.com 107 Cheapside www.fticonsulting.com Scapa Group PLC London Secure Income REIT PLC 1pm PLC EC2V 6DN Abcam PLC Shoe Zone PLC Audioboom Group PLC T: +44 (0)20 3757 4980 accesso Technology Group PLC SIMEC Atlantis Energy Ltd Bigblu Broadband PLC Accsys Technologies PLC Thruvision Group PLC Collagen Solutions PLC Advanced Oncotherapy PLC Time Out Group PLC Concepta PLC Amino Technologies PLC Tissue Regenix Group PLC Creo Medical Group PLC ANGLE PLC TransGlobe Energy Corporation Diaceutics PLC Argentex Group PLC Volga Gas PLC Dillistone Group PLC Bango PLC WANdisco PLC EKF Diagnostics Holdings PLC Beximco Pharmaceuticals Ltd (J) Warehouse REIT PLC Evgen Pharma PLC BUCHANAN Blue Prism Group PLC Wentworth Resources PLC Filtronic PLC 107 Cheapside Cambria Automobiles PLC YouGov PLC Fusion Antibodies PLC London Circassia Group PLC genedrive PLC Destiny Pharma PLC Good Energy Group PLC EC2V 6DN Diurnal Group PLC Great Western Mining Corporation PLC T: +44 (0)20 7466 5000 e-Therapeutics PLC Ilika PLC F: +44 (0)20 7466 5001 Eckoh PLC Instem PLC www.buchanan.uk.com Eddie Stobart Logistics PLC Intelligent Ultrasound Group PLC essensys PLC IXICO PLC Alliance Pharma PLC First Derivatives PLC LiDCO Group PLC Anexo Group PLC Greencoat Renewables PLC ALMA PR Mobile Tornado Group PLC Asimilar Group PLC GYG PLC Motif Bio PLC (J) 71-73 Carter Lane Belvoir Group PLC iEnergizer Ltd Omega Diagnostics Group PLC Bidstack Group PLC London Induction Healthcare Group PLC OptiBiotix Health PLC Blancco Technology Group PLC Inspecs Group PLC EC4V 5EQ PCI-PAL PLC boohoo group PLC Learning Technologies Group PLC T: +44 (0)20 3405 0205 Pennant International Group PLC Cello Health PLC Longboat Energy PLC www.almapr.co.uk Polarean Imaging PLC Cenkos Securities PLC LoopUp Group PLC Renalytix AI PLC Churchill China PLC Marlowe PLC Renew Holdings PLC Dart Group PLC Mereo BioPharma Group PLC (J) Shield Therapeutics PLC Diversified Gas & Oil PLC Midwich Group PLC Solid State PLC

62 Corporate Advisers Rankings Guide 63 FINANCIAL PR ADVISERS

Egdon Resources PLC TAVISTOCK COMMUNICATIONS LTD VIGO COMMUNICATIONS Equals Group PLC 1 Cornhill Sackville House Gooch & Housego PLC London EC3V 3ND 40 Piccadilly BRUNSWICK GROUP LLP Hargreaves Services PLC T: +44 (0)20 7920 3150 London Keystone Law Group PLC 16 Lincoln's Inn Fields W1J ODR Mercia Asset Management PLC London T: +44 (0)20 7390 9230 Northbridge Industrial Services PLC WC2A 3ED Pan African Resources PLC (J) YELLOW JERSEY PR LTD T: +44 (0)20 7404 5959 Purplebricks Group PLC F: +44 (0)20 7831 2823 ReNeuron Group PLC Top Floor Restore PLC 70-71 Wells Street IFC ADVISORY LTD www.brunswickgroup.com Science in Sport PLC London 24 Cornhill Solo Oil PLC W1T 3QE London Bushveld Minerals Ltd (J) ThinkSmart Ltd T: +44 (0)203 735 8825 EC3V 3ND Fevertree Drinks PLC Victoria PLC T: +44 (0)20 3934 6633 Numis Corporation PLC VR Education Holdings PLC (J) Walker Greenbank PLC Watkin Jones PLC HUDSON SANDLER 29 Cloth Fair INSTINCTIF PARTNERS London 65 Gresham Street EC1A 7NN London T: +44 (0)20 7796 4133 EC2V 7NQ FLAGSTAFF PR T: +44 (0)20 7457 2020 1 King Street F: +44 (0)20 7866 7900 TULCHAN COMMUNICATIONS LLP London instinctif.com 85 Fleet Street ST BRIDES PARTNERS EC2V 8AU London T: +44 (0)7710 718 649 WeWork 600 Group (The) PLC EC4Y 1AE www.flagstaffcomms.com 51 Eastcheap Altitude Group PLC T: +44 (0)20 7353 4200 London City Pub Group (The) PLC EC3V 9DS Clinigen Group PLC T: +44 (0)20 7236 1177 D4t4 Solutions PLC Dolphin Capital Investors Ltd F: +44 (0)20 7236 1188 Ebiquity PLC BELVEDERE COMMUNICATIONS www.stbridesmedia.co.uk Feedback PLC 25 Finsbury Circus GLI Finance Ltd London St Brides Partners is a London based Inland Homes PLC EC2M 7EE specialist multi-divisional investor Lekoil Ltd T: +44 (0)20 3687 2756 LANSONS Loungers PLC and public relations consultancy for 24a St John Street Manolete Partners PLC London growth companies. The company Naked Wines PLC EC1M 4AY provides a broad range of services, Parkmead Group (The) PLC LUTHER PENDRAGON LTD extending beyond the traditional Renold PLC T: +44 (0)20 7490 8828 Serica Energy PLC 48 Gracechurch Street F: +44 (0)20 7490 5460 London relations to include business analysis, Shearwater Group PLC www.lansons.com Simplybiz Group (The) PLC EC3V 0EJ SkinBioTherapeutics PLC T: +44 (0)20 7618 9100 City of London Group PLC in the development of strategy, Smart Metering Systems PLC increasing media exposure to boost Van Elle Holdings PLC corporate image, promoting market position to investors and raising CITIGATE DEWE ROGERSON 3 London Wall Buildings are amongst some of the services the London highly reputable and complementary EC2M 5SY T: +44 (0)20 7638 9571

MHP COMMUNICATIONS 4th Floor TENEO 60 Great Portland Street 5th Floor London 6 More London Place W1W 7RT London T: +44 (0)20 3128 8100 SE1 2DA F: +44 (0)20 3128 8171 T: +44 (0)20 7260 2700 www.mhpc.com BLYTHEWEIGH 4-5 Castle Court Applegreen PLC (J) London Appreciate Group PLC MAITLAND/AMO EC3V 9DL Begbies Traynor Group PLC 13 King's Boulevard T: +44 (0)20 7138 3204 Benchmark Holdings PLC London Brooks Macdonald Group PLC www.blytheweigh.com/ N1C 4BU Cake Box Holdings PLC T: +44 (0)20 7379 5151 Cohort PLC EMIS Group PLC Epwin Group PLC NEWGATE COMMUNICATIONS Franchise Brands PLC POWERSCOURT Sky Light City Tower FRP Advisory Group PLC 50 Basinghall Street IDOX PLC 1 Tudor Street London Keywords Studios PLC London EC2V 5DE Knights Group Holdings PLC EC4Y 0AH T: +44 (0)20 7653 9850 MySale Group PLC T: +44 (0)20 7250 1446 NWF Group PLC Real Good Food PLC RWS Holdings PLC Science Group PLC Urban Exposure PLC WH Ireland Group PLC Young & Co's Brewery PLC

64 Corporate Advisers Rankings Guide 65 FINANCIAL PR ADVISERS

Basic Materials Clients Number of clients RANK FINANCIAL PR MAY ‘20 FEB ‘20

1 (1) - BLYTHEWEIGH 25 (26) BRUNSWICK GROUP LLP INSTINCTIF PARTNERS 16 Lincoln’s Inn Fields 2 (2) - ST BRIDES PARTNERS 19 (20) 65 Gresham Street London (3) - (17) London 3 TAVISTOCK COMMUNICATIONS 17 WC2A 3ED EC2V 7NQ 4 (4) - BUCHANAN 6 (8) T: +44 (0)20 7404 5959 T: +44 (0)20 7457 2020 F: +44 (0)20 7831 2823 4 (5) ▲ HUDSON SANDLER 6 (6) F: +44 (0)20 7866 7900 www.brunswickgroup.com 4 (6) ▲ TENEO 6 (5) instinctif.com Anglo American PLC 7 (6) ▼ BRUNSWICK GROUP 5 (5) 600 Group (The) PLC Antofagasta PLC Danakali Ltd 7 (6) ▼ FTI CONSULTING 5 (5) BHP Group PLC (J) Bushveld Minerals Ltd (J) 7 (6) ▼ IFC ADVISORY 5 (5) KAZ Minerals PLC 7 (6) ▼ YELLOW JERSEY PR 5 (5) 11 (11) - CAMARCO 4 (3) 12 (11) ▼ POWERSCOURT 3 (3)

TAVISTOCK COMMUNICATIONS LTD FTI CONSULTING FLAGSTAFF PR 1 Cornhill 200 Aldersgate 1 King Street London Aldersgate Street London EC3V 3ND London EC2V 8AU T: +44 (0)20 7920 3150 EC1A 4HD T: +44 (0)7710 718 649 BLYTHEWEIGH T: +44 (0)20 3727 1000 www.flagstaffcomms.com 4-5 Castle Court F: +44 (0)20 3727 1007 London www.fticonsulting.com EC3V 9DL Bodycote PLC T: +44 (0)20 7138 3204 Mondi PLC www.blytheweigh.com/ BUCHANAN Polymetal International PLC Quadrise Fuels International PLC 107 Cheapside Scapa Group PLC London MHP COMMUNICATIONS EC2V 6DN 4th Floor T: +44 (0)20 7466 5000 60 Great Portland Street F: +44 (0)20 7466 5001 IFC ADVISORY LTD London www.buchanan.uk.com 24 Cornhill London W1W 7RT Capital Drilling Ltd EC3V 3ND T: +44 (0)20 3128 8100 Centamin PLC T: +44 (0)20 3934 6633 F: +44 (0)20 3128 8171 ST BRIDES PARTNERS Kenmare Resources PLC (J) www.mhpc.com WeWork Pan African Resources PLC (J) 51 Eastcheap Petropavlovsk PLC CAMARCO Hill & Smith Holdings PLC London Tharisa PLC 107 Cheapside EC3V 9DS London T: +44 (0)20 7236 1177 EC2V 6DN F: +44 (0)20 7236 1188 HUDSON SANDLER T: +44 (0)20 3757 4980 www.stbridesmedia.co.uk 29 Cloth Fair London St Brides Partners is a London based EC1A 7NN WALBROOK PR specialist multi-divisional investor POWERSCOURT T: +44 (0)20 7796 4133 1 Tudor Street 4 Lombard Street and public relations consultancy for London growth companies. The company London EC4Y 0AH EC3V 9HD provides a broad range of services, T: +44 (0)20 7933 8780 TENEO T: +44 (0)20 7250 1446 extending beyond the traditional F: +44 (0)20 7933 8781 5th Floor www.walbrookpr.com relations to include business analysis, 6 More London Place London Great Western Mining Corporation PLC in the development of strategy, SE1 2DA increasing media exposure to boost T: +44 (0)20 7260 2700 corporate image, promoting market position to investors and raising ALMA PR are amongst some of the services the 71-73 Carter Lane highly reputable and complementary London EC4V 5EQ T: +44 (0)20 3405 0205 www.almapr.co.uk

64 Corporate Advisers Rankings Guide 65 FINANCIAL PR ADVISERS

Consumer Discretionary & Consumer Staples Clients Number of clients RANK FINANCIAL PR MAY ‘20 FEB ‘20 1 (1) - FTI CONSULTING 25 (24) BUCHANAN 2 (2) - BRUNSWICK GROUP 20 (22) 107 Cheapside MHP COMMUNICATIONS 3 (6) ▲ BUCHANAN 15 (14) London EC2V 6DN 4th Floor 3 (3) - HUDSON SANDLER 15 (16) T: +44 (0)20 7466 5000 60 Great Portland Street 3 (4) ▲ INSTINCTIF PARTNERS 15 (15) F: +44 (0)20 7466 5001 London www.buchanan.uk.com W1W 7RT 3 (4) ▲ TULCHAN COMMUNICATIONS 15 (15) T: +44 (0)20 3128 8100 7 (7) - MHP COMMUNICATIONS 14 (13) Bidstack Group PLC F: +44 (0)20 3128 8171 www.mhpc.com 8 (7) ▼ POWERSCOURT 13 (13) boohoo group PLC Churchill China PLC 9 (9) - FINSBURY 11 (12) Dart Group PLC 4imprint Group PLC Dignity PLC Applegreen PLC (J) 10 (12) ▲ HEADLAND 10 (8) DP Eurasia N.V. Brown (N) Group PLC 11 (10) ▼ CITIGATE DEWE ROGERSON 9 (10) Headlam Group PLC Cake Box Holdings PLC Moss Bros Group PLC Dunelm Group PLC 12 (11) ▼ ALMA PR 8 (9) Science in Sport PLC Franchise Brands PLC 12 (12) - TENEO 8 (8) ScS Group PLC JD Sports Fashion PLC Sportech PLC Keywords Studios PLC 12 (12) - YELLOW JERSEY PR 8 (8) Victoria PLC Lookers PLC Walker Greenbank PLC Mothercare PLC 15 (16) ▲ MAITLAND/AMO 6 (5) Watkin Jones PLC MySale Group PLC 15 (15) - NEWGATE COMMUNICATIONS 6 (6) WPP PLC Real Good Food PLC Restaurant Group (The) PLC 17 (16) ▼ CAMARCO 5 (5) Young & Co's Brewery PLC 17 (16) ▼ NOVELLA COMMUNICATIONS 5 (5) HUDSON SANDLER 19 (19) - BELVEDERE COMMUNICATIONS 4 (4) 29 Cloth Fair POWERSCOURT 19 (19) - DRURY PORTER NOVELLI 4 (4) London EC1A 7NN 1 Tudor Street 19 (19) - IFC ADVISORY 4 (4) T: +44 (0)20 7796 4133 London EC4Y 0AH T: +44 (0)20 7250 1446

FINSBURY BRUNSWICK GROUP LLP The Adelphi FTI CONSULTING 16 Lincoln's Inn Fields INSTINCTIF PARTNERS 1-11 John Adam Street 200 Aldersgate London 65 Gresham Street London Aldersgate Street WC2A 3ED London WC2N 6HT London T: +44 (0)20 7404 5959 EC2V 7NQ T: +44 (0)20 7251 3801 EC1A 4HD F: +44 (0)20 7831 2823 T: +44 (0)20 7457 2020 T: +44 (0)20 3727 1000 www.brunswickgroup.com F: +44 (0)20 7866 7900 F: +44 (0)20 3727 1007 instinctif.com www.fticonsulting.com Aston Martin Lagonda Global Holdings PLC HEADLAND Barratt Developments PLC Barr (A.G.) PLC Cannon Green AA PLC Burberry Group PLC City Pub Group (The) PLC 27 Bush Lane British American Tobacco PLC (J) Compass Group PLC Ebiquity PLC London Countryside Properties PLC C&C Group PLC (J) Fuller, Smith & Turner PLC EC4R 0AA Cambria Automobiles PLC Dairy Farm International Holdings Ltd Future PLC T: +44 (0)20 3805 4822 Dalata Hotel Group PLC Diageo PLC Gym Group (The) PLC Devro PLC Dixons Carphone PLC Inchcape PLC Euromoney Institutional Investor PLC Domino's Pizza Group PLC Loungers PLC Hyve Group PLC Fevertree Drinks PLC Marston's PLC CITIGATE DEWE ROGERSON Inspecs Group PLC FirstGroup PLC MJ Gleeson PLC Lenta PLC InterContinental Hotels Group PLC Naked Wines PLC 3 London Wall Buildings McBride PLC ITV PLC PZ Cussons PLC London MHP SE Mandarin Oriental International Ltd Redrow PLC EC2M 5SY Motorpoint Group PLC Pearson PLC Revolution Bars Group PLC T: +44 (0)20 7638 9571 NAHL Group PLC Sainsbury (J) PLC Ten Entertainment Group PLC On the Beach Group PLC Superdry PLC Origin Enterprises PLC Trainline PLC Rank Group (The) PLC WH Smith PLC Safestyle UK PLC William Hill PLC TULCHAN COMMUNICATIONS LLP Shoe Zone PLC 85 Fleet Street Tate & Lyle PLC London TI Fluid Systems PLC EC4Y 1AE Time Out Group PLC T: +44 (0)20 7353 4200 Wilmington PLC ALMA PR Wizz Air Holdings PLC 71-73 Carter Lane YouGov PLC London EC4V 5EQ T: +44 (0)20 3405 0205 www.almapr.co.uk

TENEO 5th Floor 6 More London Place London SE1 2DA T: +44 (0)20 7260 2700

66 Corporate Advisers Rankings Guide 67 FINANCIAL PR ADVISERS

MAITLAND/AMO 13 King's Boulevard London N1C 4BU T: +44 (0)20 7379 5151 WALBROOK PR 4 Lombard Street London ST BRIDES PARTNERS EC3V 9HD WeWork NEWGATE COMMUNICATIONS T: +44 (0)20 7933 8780 51 Eastcheap Sky Light City Tower F: +44 (0)20 7933 8781 London 50 Basinghall Street www.walbrookpr.com London EC3V 9DS EC2V 5DE T: +44 (0)20 7236 1177 Audioboom Group PLC T: +44 (0)20 7653 9850 F: +44 (0)20 7236 1188 www.stbridesmedia.co.uk

St Brides Partners is a London based CAMARCO specialist multi-divisional investor 107 Cheapside and public relations consultancy for London growth companies. The company EC2V 6DN provides a broad range of services, T: +44 (0)20 3757 4980 extending beyond the traditional

relations to include business analysis, BELVEDERE COMMUNICATIONS 25 Finsbury Circus in the development of strategy, London increasing media exposure to boost EC2M 7EE corporate image, promoting market T: +44 (0)20 3687 2756 position to investors and raising

are amongst some of the services the highly reputable and complementary IFC ADVISORY LTD 24 Cornhill London EC3V 3ND T: +44 (0)20 3934 6633

66 Corporate Advisers Rankings Guide 67 FINANCIAL PR ADVISERS

Energy Clients Number of clients TULCHAN COMMUNICATIONS LLP 85 Fleet Street RANK FINANCIAL PR MAY ‘20 FEB ‘20 London 1 (1) - CAMARCO 20 (19) BUCHANAN EC4Y 1AE 107 Cheapside T: +44 (0)20 7353 4200 2 (2) - VIGO COMMUNICATIONS 14 (15) London 3 (3) - CELICOURT COMMUNICATIONS 8 (8) EC2V 6DN T: +44 (0)20 7466 5000 3 (4) ▲ FTI CONSULTING 8 (7) F: +44 (0)20 7466 5001 5 (6) ▲ ST BRIDES PARTNERS 6 (6) www.buchanan.uk.com 5 (4) ▼ TAVISTOCK COMMUNICATIONS 6 (7) BRUNSWICK GROUP LLP Diversified Gas & Oil PLC 5 (6) ▲ YELLOW JERSEY PR 6 (6) Egdon Resources PLC 16 Lincoln's Inn Fields Hunting PLC London 8 (8) - BUCHANAN 5 (5) Solo Oil PLC WC2A 3ED 8 (8) - INSTINCTIF PARTNERS 5 (5) VAALCO Energy, Inc. T: +44 (0)20 7404 5959 F: +44 (0)20 7831 2823 10 (8) ▼ BLYTHEWEIGH 4 (5) www.brunswickgroup.com 10 (11) ▲ IFC ADVISORY 4 (4) Cairn Energy PLC 12 (12) - 3 (3) MURRAY CONSULTANTS Gulf Marine Services PLC 12 (12) - TULCHAN COMMUNICATIONS 3 (3) INSTINCTIF PARTNERS 65 Gresham Street London CAMARCO EC2V 7NQ 107 Cheapside T: +44 (0)20 7457 2020 London F: +44 (0)20 7866 7900 EC2V 6DN instinctif.com T: +44 (0)20 3757 4980 ADES International Holding PLC FLAGSTAFF PR ST BRIDES PARTNERS Lekoil Ltd 1 King Street Nostrum Oil & Gas PLC London VIGO COMMUNICATIONS WeWork Parkmead Group (The) PLC EC2V 8AU Sackville House 51 Eastcheap London Serica Energy PLC T: +44 (0)7710 718 649 40 Piccadilly www.flagstaffcomms.com London EC3V 9DS W1J ODR T: +44 (0)20 7236 1177 T: +44 (0)20 7390 9230 F: +44 (0)20 7236 1188 www.stbridesmedia.co.uk

St Brides Partners is a London based specialist multi-divisional investor and public relations consultancy for WALBROOK PR BLYTHEWEIGH growth companies. The company 4 Lombard Street 4-5 Castle Court provides a broad range of services, London FTI CONSULTING London extending beyond the traditional EC3V 9HD 200 Aldersgate EC3V 9DL T: +44 (0)20 7933 8780 Aldersgate Street T: +44 (0)20 7138 3204 relations to include business analysis, F: +44 (0)20 7933 8781 London www.blytheweigh.com/ EC1A 4HD www.walbrookpr.com in the development of strategy, T: +44 (0)20 3727 1000 increasing media exposure to boost Trinity Exploration & Production PLC F: +44 (0)20 3727 1007 corporate image, promoting market www.fticonsulting.com IFC ADVISORY LTD position to investors and raising 24 Cornhill Longboat Energy PLC London Petro Matad Ltd are amongst some of the services the EC3V 3ND SEPLAT Petroleum Development Company PLC highly reputable and complementary T: +44 (0)20 3934 6633 SIMEC Atlantis Energy Ltd TransGlobe Energy Corporation Upland Resources Ltd (J) Volga Gas PLC MURRAY CONSULTANTS LTD Wentworth Resources PLC TAVISTOCK COMMUNICATIONS LTD 40 Lower Baggot Street 1 Cornhill Dublin 2 London D02Y793 EC3V 3ND T: +353 (0)1 498 0300 T: +44 (0)20 7920 3150

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68 Corporate Advisers Rankings Guide 69

0542 AIM guide advert_V3.indd 1 28/04/2020 15:36 FINANCIAL PR ADVISERS

Financials and Real Estate Clients Number of clients Provident Financial PLC RANK FINANCIAL PR MAY ‘20 FEB ‘20 Prudential PLC (J) 1 (1) - FTI CONSULTING 37 (36) RIT Capital Partners PLC RSA Insurance Group PLC 2 (2) - LANSONS 32 (34) RTW Venture Fund Ltd LANSONS Schroders PLC 3 (3) - CAMARCO 24 (23) 24a St John Street St James's Place PLC 4 (6) ▲ MAITLAND/AMO 21 (18) London 5 (5) - BRUNSWICK GROUP 19 (20) EC1M 4AY T: +44 (0)20 7490 8828 5 (3) ▼ BUCHANAN 19 (23) F: +44 (0)20 7490 5460 7 (7) - MHP COMMUNICATIONS 16 (17) www.lansons.com

7 (7) - TULCHAN COMMUNICATIONS 16 (17) Aberdeen Diversified Inc. and Growth Trust PLC BUCHANAN 9 (9) - FOUR BROADGATE 14 (14) Allianz Technology Trust PLC 107 Cheapside Artemis Alpha Trust PLC London 10 (16) ▲ KASO LEGG COMMUNICATIONS 11 (9) BlackRock Energy and Resources Inc. Trust PLC EC2V 6DN 10 (11) ▲ ST BRIDES PARTNERS 11 (11) BlackRock Frontiers Investment Trust PLC T: +44 (0)20 7466 5000 BlackRock Greater Europe Investment Trust PLC F: +44 (0)20 7466 5001 12 (10) ▼ NEWGATE COMMUNICATIONS 10 (13) BlackRock Income and Growth Inv. Trust PLC BlackRock Latin American Investment Trust PLC www.buchanan.uk.com 12 (11) ▼ TAVISTOCK COMMUNICATIONS 10 (11) BlackRock North American Income Trust PLC 12 (11) ▼ WALBROOK PR 10 (11) BlackRock Smaller Companies Trust PLC Asimilar Group PLC BlackRock Throgmorton Trust PLC Belvoir Group PLC 15 (14) ▼ FINSBURY 9 (10) BlackRock World Mining Trust PLC BioPharma Credit PLC Bluefield Solar Income Fund Ltd 15 (14) ▼ POWERSCOURT 9 (10) Brunner Investment Trust (The) PLC City Merchants High Yield Trust Ltd Cenkos Securities PLC 17 (17) - INSTINCTIF PARTNERS 8 (8) City of London Group PLC Civitas Social Housing PLC Fidelity China Special Situations PLC GCP Asset Backed Income Fund Ltd 17 (17) - TENEO 8 (8) Fidelity European Values PLC GCP Infrastructure Investments Ltd 19 (19) - QUILL PR 6 (6) Fidelity Special Values PLC GCP Student Living PLC IntegraFin Holdings PLC Gore Street Energy Storage Fund PLC 19 (19) - SMITHFIELD CONSULTANTS 6 (6) International Biotechnology Trust PLC LSL Property Services PLC Invesco Asia Trust PLC Mercia Asset Management PLC 21 (19) ▼ 5 (6) TB CARDEW Invesco Enhanced Income Ltd Octopus Renewables Infrastructure Trust PLC 22 (19) ▼ ALMA PR 4 (6) Invesco Income Growth Trust PLC Primary Health Properties PLC Invesco Perpetual Select Trust PLC Purplebricks Group PLC 22 (24) ▲ HUDSON SANDLER 4 (4) Invesco Perpetual UK Smaller Cos. Inv. Trust PLC Record PLC Regional REIT Ltd 22 (23) ▲ IFC ADVISORY 4 (5) Investec PLC (J) Keystone Investment Trust PLC SQN Asset Finance Income Fund Ltd 22 (24) ▲ KTZ COMMUNICATIONS 4 (4) Martin Currie Global Portfolio Trust PLC SQN Secured Income Fund (The) PLC Mercantile Investment Trust (The) PLC 22 (24) ▲ 4 (4) MONTFORT COMMUNICATIONS Merchants Trust (The) PLC 22 (24) ▲ NOVELLA COMMUNICATIONS 4 (4) Mid Wynd International Investment Trust PLC (J) Templeton Emerging Markets Inv. Trust PLC 22 (24) ▲ YELLOW JERSEY PR 4 (4)

CAMARCO Ninety One PLC 107 Cheapside MHP COMMUNICATIONS Palace Capital PLC London Plaza Centers N.V. 4th Floor Randall & Quilter Investment Holdings Ltd EC2V 6DN 60 Great Portland Street RDI REIT PLC T: +44 (0)20 3757 4980 London FTI CONSULTING Residential Secure Income PLC W1W 7RT 200 Aldersgate Schroder Real Estate Investment Trust Ltd T: +44 (0)20 3128 8100 Schroder UK Public Private Trust PLC Aldersgate Street F: +44 (0)20 3128 8171 Secure Income REIT PLC MAITLAND/AMO London Segro PLC 13 King's Boulevard www.mhpc.com EC1A 4HD Sherborne Investors (Guernsey) B Ltd London T: +44 (0)20 3727 1000 Sherborne Investors (Guernsey) C Ltd N1C 4BU Appreciate Group PLC ASA International Group PLC F: +44 (0)20 3727 1007 St Modwen Properties PLC T: +44 (0)20 7379 5151 www.fticonsulting.com Syncona Ltd Axiom European Financial Debt Fund Ltd Target Healthcare REIT PLC Bank of Georgia Group PLC Begbies Traynor Group PLC Admiral Group PLC UK Commercial Property REIT Ltd Brooks Macdonald Group PLC Argentex Group PLC Urban&Civic PLC Harbourvest Global Private Equity Ltd Arrow Global Group PLC Warehouse REIT PLC Marble Point Loan Financing Ltd Ashmore Group PLC NextEnergy Solar Fund Ltd Ashoka India Equity Investment Trust PLC BRUNSWICK GROUP LLP Plus500 Ltd Capital & Regional PLC 16 Lincoln's Inn Fields River and Mercantile Group PLC Carador Income Fund PLC FTI CONSULTING London Shaftesbury PLC (J) Hammerson PLC PO Box 71253, Office 804, Level 8 Town Centre Securities PLC Harworth Group PLC South Tower, Emirates Financial Towers WC2A 3ED TR Property Investment Trust PLC Helical PLC T: +44 (0)20 7404 5959 Dubai International Financial Centre Urban Exposure PLC IG Group Holdings PLC F: +44 (0)20 7831 2823 Dubai WH Ireland Group PLC International Personal Finance PLC T: +971 (0)4 437 2100 www.brunswickgroup.com International Public Partnerships Ltd JZ Capital Partners Ltd Barclays PLC Lancashire Holdings Ltd Commercial Bank of Qatar (Q.S.C.) Derwent London PLC TULCHAN COMMUNICATIONS LLP Lloyds Banking Group PLC Electra Private Equity PLC 85 Fleet Street LondonMetric Property PLC HgCapital Trust PLC London McKay Securities PLC Hiscox Ltd Hongkong Land Holdings Ltd EC4Y 1AE HSBC Holdings PLC T: +44 (0)20 7353 4200 Investec PLC (J) Numis Corporation PLC Old Mutual Ltd OneSavings Bank PLC Pollen Street Secured Lending PLC

70 Corporate Advisers Rankings Guide 71 FINANCIAL PR ADVISERS

FOUR BROADGATE FINSBURY 20 St Thomas Street The Adelphi London 1-11 John Adam Street SE1 9BF London T: +44 (0)20 3697 4200 WC2N 6HT ALMA PR T: +44 (0)20 7251 3801 71-73 Carter Lane BLYTHEWEIGH London 4-5 Castle Court EC4V 5EQ London POWERSCOURT T: +44 (0)20 3405 0205 EC3V 9DL 1 Tudor Street www.almapr.co.uk T: +44 (0)20 7138 3204 London www.blytheweigh.com/ EC4Y 0AH T: +44 (0)20 7250 1446 HUDSON SANDLER ST BRIDES PARTNERS 29 Cloth Fair WeWork London 51 Eastcheap EC1A 7NN London T: +44 (0)20 7796 4133 EC3V 9DS T: +44 (0)20 7236 1177 INSTINCTIF PARTNERS F: +44 (0)20 7236 1188 65 Gresham Street IFC ADVISORY LTD www.stbridesmedia.co.uk London 24 Cornhill EC2V 7NQ London St Brides Partners is a London based T: +44 (0)20 7457 2020 EC3V 3ND specialist multi-divisional investor F: +44 (0)20 7866 7900 T: +44 (0)20 3934 6633 and public relations consultancy for instinctif.com growth companies. The company provides a broad range of services, AJ Bell PLC extending beyond the traditional Allied Minds PLC MONTFORT COMMUNICATIONS Dolphin Capital Investors Ltd 2nd Floor Berkeley Square House relations to include business analysis, GLI Finance Ltd Berkeley Square Hastings Group Holdings PLC Mayfair Inland Homes PLC London in the development of strategy, Manolete Partners PLC W1J 6BD increasing media exposure to boost Safestore Holdings PLC corporate image, promoting market T: +44 (0)20 3514 0897 position to investors and raising

are amongst some of the services the TENEO highly reputable and complementary 5th Floor 6 More London Place London SE1 2DA T: +44 (0)20 7260 2700 NEWGATE COMMUNICATIONS Sky Light City Tower 50 Basinghall Street QUILL PR London 107 Cheapside EC2V 5DE London T: +44 (0)20 7653 9850 EC2V 6DN T: +44 (0)20 7466 5050

TAVISTOCK COMMUNICATIONS LTD 1 Cornhill SMITHFIELD CONSULTANTS London Southside EC3V 3ND 105 Victoria Street T: +44 (0)20 7920 3150 London SW1E 6QT T: +44 (0)20 3047 2000

WALBROOK PR 4 Lombard Street London EC3V 9HD T: +44 (0)20 7933 8780 F: +44 (0)20 7933 8781 www.walbrookpr.com

1pm PLC Baskerville Capital PLC Honye Financial Services Ltd New Century AIM VCT 2 PLC New Century AIM VCT PLC OTAQ PLC STM Group PLC Supply@ME Capital PLC UAE Oil Services PLC Vertu Capital Ltd

70 Corporate Advisers Rankings Guide 71 FINANCIAL PR ADVISERS

Health Care Clients Number of clients RANK FINANCIAL PR MAY ‘20 FEB ‘20 1 (2) ▲ WALBROOK PR 21 (20) 2 (1) ▼ FTI CONSULTING 20 (21) ALMA PR (3) - (17) 3 CONSILIUM STRATEGIC COMMUNICATIONS 17 71-73 Carter Lane 4 (4) - BUCHANAN 5 (6) London 5 (6) ▲ IFC ADVISORY 3 (3) EC4V 5EQ T: +44 (0)20 3405 0205 5 (6) ▲ INSTINCTIF PARTNERS 3 (3) www.almapr.co.uk 5 (5) - OPTIMUM STRATEGIC COMMUNICATIONS 3 (4) 8 - ▲ ALMA PR 2 - 8 (8) - BRUNSWICK GROUP 2 (2) 8 (8) - CITIGATE DEWE ROGERSON 2 (2) BRUNSWICK GROUP LLP 8 (8) - MHP COMMUNICATIONS 2 (2) 16 Lincoln's Inn Fields 8 (8) - YELLOW JERSEY PR 2 (2) London WC2A 3ED T: +44 (0)20 7404 5959 F: +44 (0)20 7831 2823 Oxford BioDynamics PLC PureTech Health PLC www.brunswickgroup.com Redx Pharma PLC Scancell Holdings PLC GlaxoSmithKline PLC WALBROOK PR Tissue Regenix Group PLC Smith & Nephew PLC 4 Lombard Street London EC3V 9HD CITIGATE DEWE ROGERSON T: +44 (0)20 7933 8780 3 London Wall Buildings F: +44 (0)20 7933 8781 London www.walbrookpr.com EC2M 5SY BUCHANAN T: +44 (0)20 7638 9571 Collagen Solutions PLC 107 Cheapside Concepta PLC London Creo Medical Group PLC EC2V 6DN Diaceutics PLC T: +44 (0)20 7466 5000 EKF Diagnostics Holdings PLC F: +44 (0)20 7466 5001 Evgen Pharma PLC www.buchanan.uk.com Fusion Antibodies PLC genedrive PLC Hemogenyx Pharmaceuticals PLC Alliance Pharma PLC Intelligent Ultrasound Group PLC Cello Health PLC MHP COMMUNICATIONS IXICO PLC ConvaTec Group PLC 4th Floor LiDCO Group PLC Genus PLC 60 Great Portland Street ReNeuron Group PLC Motif Bio PLC (J) London Omega Diagnostics Group PLC W1W 7RT OptiBiotix Health PLC T: +44 (0)20 3128 8100 Polarean Imaging PLC Renalytix AI PLC IFC ADVISORY LTD F: +44 (0)20 3128 8171 Shield Therapeutics PLC 24 Cornhill www.mhpc.com Surgical Innovations Group PLC London Tristel PLC EC3V 3ND Benchmark Holdings PLC Yourgene Health PLC T: +44 (0)20 3934 6633 Georgia Healthcare Group PLC

FTI CONSULTING INSTINCTIF PARTNERS 200 Aldersgate 65 Gresham Street Aldersgate Street London London EC2V 7NQ EC1A 4HD T: +44 (0)20 7457 2020 T: +44 (0)20 3727 1000 F: +44 (0)20 7866 7900 F: +44 (0)20 3727 1007 instinctif.com www.fticonsulting.com Clinigen Group PLC SkinBioTherapeutics PLC Abcam PLC Spire Healthcare Group PLC Advanced Oncotherapy PLC ANGLE PLC Beximco Pharmaceuticals Ltd (J) Circassia Group PLC Destiny Pharma PLC Diurnal Group PLC e-Therapeutics PLC Hikma Pharmaceuticals PLC Induction Healthcare Group PLC Medica Group PLC Mediclinic International PLC Mereo BioPharma Group PLC (J) Novacyt S.A. Oncimmune Holdings PLC

72 Corporate Advisers Rankings Guide 73 FINANCIAL PR ADVISERS

Industrials Clients Number of clients HUDSON SANDLER RANK FINANCIAL PR MAY ‘20 FEB ‘20 29 Cloth Fair London 1 (1) - FTI CONSULTING 21 (23) BRUNSWICK GROUP LLP EC1A 7NN (2) (19) 16 Lincoln's Inn Fields 1 ▲ MHP COMMUNICATIONS 21 T: +44 (0)20 7796 4133 London (3) - (14) 3 BUCHANAN 16 WC2A 3ED 4 (4) - BRUNSWICK GROUP 13 (12) T: +44 (0)20 7404 5959 5 (5) - TULCHAN COMMUNICATIONS 10 (11) F: +44 (0)20 7831 2823 TENEO www.brunswickgroup.com 5th Floor 6 (7) ▲ CAMARCO 9 (9) 6 More London Place 6 (10) ▲ FINSBURY 9 (7) De La Rue PLC London Ferguson PLC SE1 2DA 8 (9) ▲ 8 (8) NEWGATE COMMUNICATIONS Finablr PLC T: +44 (0)20 7260 2700 Global Ports Holding PLC 9 (6) ▼ IFC ADVISORY 7 (10) IWG PLC 9 (7) ▼ INSTINCTIF PARTNERS 7 (9) Jardine Matheson Holdings Ltd Jardine Strategic Holdings Ltd CITIGATE DEWE ROGERSON 11 (12) ▲ HUDSON SANDLER 6 (5) Morgan Advanced Materials PLC 3 London Wall Buildings 11 (11) - TENEO 6 (6) Polypipe Group PLC Rolls-Royce Holdings PLC London 13 (12) ▼ CITIGATE DEWE ROGERSON 5 (5) Royal Mail PLC EC2M 5SY Smith (DS) PLC T: +44 (0)20 7638 9571 13 (15) ▲ POWERSCOURT 5 (4) Weir Group PLC 13 (15) ▲ WALBROOK PR 5 (4) 16 (15) ▼ ALMA PR 4 (4) POWERSCOURT TULCHAN COMMUNICATIONS LLP 1 Tudor Street 85 Fleet Street London London EC4Y 0AH Dialight PLC EC4Y 1AE Epwin Group PLC T: +44 (0)20 7250 1446 FRP Advisory Group PLC T: +44 (0)20 7353 4200 Grafton Group PLC (J) FTI CONSULTING Halma PLC 200 Aldersgate Knights Group Holdings PLC FINSBURY Aldersgate Street Luceco PLC The Adelphi London Marshalls PLC 1-11 John Adam Street EC1A 4HD NWF Group PLC Oxford Instruments PLC London T: +44 (0)20 3727 1000 WALBROOK PR RWS Holdings PLC WC2N 6HT 4 Lombard Street F: +44 (0)20 3727 1007 Science Group PLC T: +44 (0)20 7251 3801 London www.fticonsulting.com Speedy Hire PLC Tyman PLC EC3V 9HD Accsys Technologies PLC Ultra Electronics Holdings PLC T: +44 (0)20 7933 8780 Babcock International Group PLC Vesuvius PLC NEWGATE COMMUNICATIONS F: +44 (0)20 7933 8781 Carclo PLC Vitec Group (The) PLC Sky Light City Tower www.walbrookpr.com Coats Group PLC 50 Basinghall Street Eddie Stobart Logistics PLC Ilika PLC London Fisher (James) & Sons PLC PCI-PAL PLC Forterra PLC EC2V 5DE Renew Holdings PLC GYG PLC T: +44 (0)20 7653 9850 Solid State PLC iEnergizer Ltd Westminster Group PLC Intertek Group PLC Kier Group PLC BUCHANAN Marlowe PLC 107 Cheapside IFC ADVISORY LTD Meggitt PLC London 24 Cornhill Midwich Group PLC EC2V 6DN London PageGroup PLC T: +44 (0)20 7466 5000 EC3V 3ND Rotork PLC F: +44 (0)20 7466 5001 T: +44 (0)20 3934 6633 SIG PLC Smiths Group PLC www.buchanan.uk.com Smurfit Kappa Group PLC (J) ALMA PR Spectris PLC Anexo Group PLC 71-73 Carter Lane Thruvision Group PLC Braemar Shipping Services PLC London Clipper Logistics PLC EC4V 5EQ Connect Group PLC T: +44 (0)20 3405 0205 Equals Group PLC Hargreaves Services PLC INSTINCTIF PARTNERS www.almapr.co.uk Keystone Law Group PLC 65 Gresham Street Mears Group PLC London EC2V 7NQ Northbridge Industrial Services PLC T: +44 (0)20 7457 2020 Porvair PLC F: +44 (0)20 7866 7900 Redde Northgate PLC instinctif.com MHP COMMUNICATIONS Restore PLC 4th Floor RPS Group PLC Feedback PLC 60 Great Portland Street ThinkSmart Ltd Morgan Sindall Group PLC London Vp PLC PJSC TransContainer Wincanton PLC W1W 7RT Renold PLC FLAGSTAFF PR T: +44 (0)20 3128 8100 Simplybiz Group (The) PLC 1 King Street F: +44 (0)20 3128 8171 Smart Metering Systems PLC London Van Elle Holdings PLC www.mhpc.com EC2V 8AU T: +44 (0)7710 718 649 Avon Rubber PLC www.flagstaffcomms.com Chemring Group PLC Cohort PLC Costain Group PLC

72 Corporate Advisers Rankings Guide 73 FINANCIAL PR ADVISERS

Technology Clients Number of clients IFC ADVISORY LTD RANK FINANCIAL PR MAY ‘20 FEB ‘20 24 Cornhill 1 (1) - ALMA PR 23 (23) London EC3V 3ND 2 (2) - FTI CONSULTING 15 (16) T: +44 (0)20 3934 6633 MHP COMMUNICATIONS 3 (3) - TULCHAN COMMUNICATIONS 6 (7) 4th Floor 4 (4) - NEWGATE COMMUNICATIONS 5 (5) 60 Great Portland Street 5 (5) - BUCHANAN 4 (4) London MAITLAND/AMO W1W 7RT 13 King's Boulevard 5 (8) ▲ INSTINCTIF PARTNERS 4 (3) T: +44 (0)20 3128 8100 London 5 (5) - MHP COMMUNICATIONS 4 (4) F: +44 (0)20 3128 8171 N1C 4BU www.mhpc.com T: +44 (0)20 7379 5151 5 (5) - WALBROOK PR 4 (4) EMIS Group PLC IDOX PLC Nanoco Group PLC VIGO COMMUNICATIONS NEWGATE COMMUNICATIONS TT Electronics PLC Sackville House Sky Light City Tower 40 Piccadilly 50 Basinghall Street London London W1J ODR EC2V 5DE ALMA PR T: +44 (0)20 7390 9230 T: +44 (0)20 7653 9850 71-73 Carter Lane London EC4V 5EQ WALBROOK PR T: +44 (0)20 3405 0205 4 Lombard Street www.almapr.co.uk London EC3V 9HD BRUNSWICK GROUP LLP BUCHANAN T: +44 (0)20 7933 8780 16 Lincoln's Inn Fields 107 Cheapside F: +44 (0)20 7933 8781 London London www.walbrookpr.com WC2A 3ED EC2V 6DN T: +44 (0)20 7404 5959 T: +44 (0)20 7466 5000 Dillistone Group PLC F: +44 (0)20 7831 2823 FTI CONSULTING F: +44 (0)20 7466 5001 Instem PLC www.brunswickgroup.com 200 Aldersgate www.buchanan.uk.com Pennant International Group PLC Aldersgate Street ULS Technology PLC Micro Focus International PLC London Blancco Technology Group PLC EC1A 4HD Dev Clever Holdings PLC T: +44 (0)20 3727 1000 Gooch & Housego PLC VR Education Holdings PLC (J) BELVEDERE COMMUNICATIONS F: +44 (0)20 3727 1007 25 Finsbury Circus www.fticonsulting.com London EC2M 7EE accesso Technology Group PLC T: +44 (0)20 3687 2756 Ascential PLC AVEVA Group PLC Bango PLC Blue Prism Group PLC INSTINCTIF PARTNERS CITIGATE DEWE ROGERSON Eckoh PLC 65 Gresham Street 3 London Wall Buildings essensys PLC London London First Derivatives PLC EC2V 7NQ Kainos Group PLC EC2M 5SY Learning Technologies Group PLC T: +44 (0)20 7457 2020 T: +44 (0)20 7638 9571 LoopUp Group PLC F: +44 (0)20 7866 7900 Oxford Metrics PLC instinctif.com Sage Group (The) PLC Softcat PLC Altitude Group PLC HEADLAND WANdisco PLC D4t4 Solutions PLC Cannon Green discoverIE Group PLC 27 Bush Lane Shearwater Group PLC London EC4R 0AA TULCHAN COMMUNICATIONS LLP T: +44 (0)20 3805 4822 85 Fleet Street London EC4Y 1AE T: +44 (0)20 7353 4200

74 Corporate Advisers Rankings Guide 75 FINANCIAL PR ADVISERS

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May CARG 2019.indb 52 24/05/2019 10:16:24 Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention

1 in 8 of 5-19 year olds in England had at least one mental health disorder in 2017 (NHS Digital, 2018) stem4 provides information on identification, eating disorders self-harm intervention and effective management of stress & anxiety addiction commonly occurring teenage mental health issues, namely: depression And provides strategies to build resilience. Our impact

11,500 9,000 990,000 16,000 parents & teachers number of young people students involved in downloads of our have attended our mental stem4 has spoken to about trialling our Head-Ed mental health apps health workshops mental health to date videos at 64 schools in 171 countries & conferences

Figures correct as of June 2019 Please help us to promote positive mental health in teenagers by donating to stem4 at www.stem4.org.uk

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• Dickson Minto W.S adds the most clients • Slaughter and May increases FTSE 100 lead • Pinsent Masons pulls alongside Covington & Burling at the head of Health Care rankings Promoting positive mental health in teenagers and those Total Market Sectors Herbert Smith Freehills, Slaughter and May and Dickson Minto W.S Both Druces and Fladgate were on the rise in Basic Materials who support them make up the podium places in our law firm rankings.Stephenson rankings. The sector was noteworthy for the number of unranked law Harwood and Norton Rose Fulbright have edged up through the firms which pulled in new clients over the quarter. This included the through the provision mid-tier positions, while both Fieldfisher and Mourant improved their likes of Mourant, Kerman & Co and Howard Kennedy. However, the overall client numbers. The relative weighting of Linklaters’ client base leading lights remain the same with Gowling WLG out in front ahead of mental health ensures that it leads the way by aggregate client market-cap. of Memery Crystal and Herbert Smith Freehills. FTSE 100 Freshfields Bruckhaus Deringer narrowed the gap slightly on sector education, resilience frontrunner Slaughter and May, as both advisers improved their client Slaughter and May increased its numeric advantage in the FTSE 100 counts in the Consumer Discretionary & Consumer Staples sector. client rankings, though Linklaters leads the way by the representative strategies and early The appointment of Clifford Chance by easyJet saw the adviser move worth of its top-tier constituents. Freshfields Bruckhaus Deringer into a share of ninth place alongside Ashurst, Linklaters and Osborne intervention has secured outright third in the rankings and is now providing legal Clarke. Macfarlanes was making headway in the lower half of the advice to easyJet alongside Clifford Chance. Matters were relatively sector rankings following its appointment by Inspecs Group, while subdued otherwise, though the index now includes Travers Smith. DWF debuted at the foot of the table. FTSE 250 There was limited movement in the Energy rankings as numbers were Slaughter and May remains in pole position in the FTSE 250, aided by largely static from the previous quarter. A solitary gain for Fieldfisher, a new mandate from Domino's Pizza Group. A marginal decline in the in the form of Ascent Resources, was enough to push the law firm into 1 in 8 of 5-19 year olds in England had at client roster of Allen & Overy had the effect of boosting the rankings outright third place behind Pinsent Masons and Memery Crystal. of Dickson Minto W.S. Freshfields Bruckhaus Deringer, Norton Rose Dickson Minto W.S forged ahead in the Financials & Real Estate Fulbright and Carey Olsen improved their client rankings. Eversheds least one mental health disorder in 2017 sector. The law firm netted three constituents over the period, Sutherland was on the rise following its appointment by Primary including a new mandate from Gresham House Renewable Energy. It (NHS Digital, 2018) Health Properties. Addleshaw Goddard and Gowling WLG and DLA was thin gruel otherwise, with Stephenson Harwood and Eversheds Piper were also rising in the lower half of the table. Sutherland registering solitary gains, enabling the latter adviser to stem4 provides information on identification, eating disorders self-harm Small-Cap/Fledgling move into a share of 11th place with Dentons UK and Middle East. intervention and effective management of Stephenson Harwood moves alongside Herbert Smith Freehills in Pinsent Masons has pulled alongside Covington & Burling at the stress & anxiety addiction commonly occurring teenage mental health second place in the Small-Cap/Fledgling rankings. Dickson Minto W.S head of the Health Care rankings. The law firms lead the way from extended its lead over the field after it was brought in to provide legal DLA Piper. Reversals through the quarter by Ashurst, Eversheds issues, namely: depression And provides strategies services for Brunner Investment Trust. But the most impressive return Sutherland, CMS and Allen & Overy had a galvanising effect on to build resilience. for the quarter was attributable to CMS, which pulled in four new numerous other advisers, or at least it might appear that way from the constituents through the quarter. Mourant improved its standing from rankings. The reality is a little more prosaic. the previous period, while Allen & Overy joined the fray in a share of Allen & Overy narrowed the gap on lead adviser Slaughter and May Our impact 17th place. Carey Olsen lost a client, but it managed to take the silver in the Industrials sector by securing two new mandates. Herbert medal in the client market-cap rankings. Smith Freehills kept pace, so competition for the podium places has Total AIM intensified. Ashurst, Travers Smith and DLA Piper each bagged a solitary constituent through the quarter, moving the law firms into a A solitary client win has moved Fieldfisher into the silver medal share of 11th place. 11,500 9,000 990,000 16,000 position in the AIM rankings, leapfrogging Gowling WLG in the process. parents & teachers However, that did not stop Gowling from taking second place in the A net brace enabled DLA Piper to move up into second place in number of young people students involved in downloads of our have attended our mental client market-cap rankings. DLA Piper has been brought in to provide the Technology rankings at the expense of Osborne Clarke. DAC stem4 has spoken to about trialling our Head-Ed mental health apps health workshops legal services for both Sureserve Group and Learning Technologies, Beachcroft was promoted into a share of third place alongside a mental health to date videos at 64 schools in 171 countries & conferences elevating the law firm into a share of fifth place with Hill Dickinson. handful of other advisers. There was a debut in the lower half of the There were numerous positional changes in the lower half of the AIM table by Charles Russell Speechlys. table, but only Bird & Bird could justify its movement up the table by

Figures correct as of June 2019 an increase in numbers from London’s junior markets. Please help us to promote positive mental health in teenagers by donating to stem4 at www.stem4.org.uk

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A-Z Total number of Stock Market clients Total Market Cap of Stock Market clients (£M) RANK LAW FIRM MAY ‘20 FEB ‘20 RANK LAW FIRM MAY ‘20 FEB ‘20 1 (1) - HERBERT SMITH FREEHILLS 126 (125) 1 (1) LINKLATERS 693,105 (889,065) 2 (2) - SLAUGHTER AND MAY 118 (120) 2 (2) SLAUGHTER AND MAY 588,825 (730,132) 3 (3) - DICKSON MINTO W.S 106 (103) 3 (3) FRESHFIELDS BRUCKHAUS DERINGER 567,583 (675,266) 4 (4) - CAREY OLSEN 93 (96) 4 (4) ALLEN & OVERY 494,784 (634,807) 4 (4) - PINSENT MASONS 93 (96) 5 (5) HERBERT SMITH FREEHILLS 413,908 (533,608) 6 (6) - CMS 91 (92) 6 (6) CLIFFORD CHANCE 357,810 (467,128) 7 (7) - GOWLING WLG (UK) 83 (85) 7 (7) NORTON ROSE FULBRIGHT 229,704 (299,043) 8 (8) - LINKLATERS 79 (80) 8 (8) CMS 188,242 (252,458) 9 (9) - ALLEN & OVERY 76 (78) 9 (10) ADDLESHAW GODDARD 159,875 (191,835) 9 (10) ▲ NORTON ROSE FULBRIGHT 76 (77) 10 (9) PINSENT MASONS 142,891 (193,929) 11 (11) - DLA PIPER 69 (68) 11 (11) EVERSHEDS SUTHERLAND 130,172 (162,719) 12 (11) ▼ EVERSHEDS SUTHERLAND 68 (68) 12 (12) HOGAN LOVELLS INTERNATIONAL 125,531 (140,692) 12 (13) ▲ STEPHENSON HARWOOD 68 (67) 13 (13) DLA PIPER 114,028 (132,359) 14 (14) - FRESHFIELDS BRUCKHAUS DERINGER 66 (66) 14 (16) SULLIVAN & CROMWELL 105,553 (122,933) 15 (15) - ASHURST 54 (54) 15 (14) ASHURST 102,105 (129,676) 15 (15) - DENTONS UK AND MIDDLE EAST 54 (54) 16 (15) SIMMONS & SIMMONS 93,396 (123,019) 17 (17) - HILL DICKINSON 50 (50) 17 (17) BAKER MCKENZIE 90,870 (101,021) 18 (18) - CLIFFORD CHANCE 49 (49) 18 (25) CRAVATH, SWAINE & MOORE 72,208 (77,524) 19 (18) ▼ ADDLESHAW GODDARD 48 (49) 19 (19) REED SMITH 71,574 (99,924) 20 (21) ▲ CHARLES RUSSELL SPEECHLYS 45 (45) 20 (18) FIELDFISHER 70,906 (100,640) 21 (23) ▲ FIELDFISHER 44 (43) 21 (23) MOURANT 67,484 (89,731) 21 (24) ▲ MOURANT 44 (42) 22 (20) CLYDE & CO 66,793 (95,164) 23 (22) ▼ MEMERY CRYSTAL 43 (44) 23 (21) SHOOSMITHS 65,929 (94,167) 23 (20) ▼ TRAVERS SMITH 43 (48) 24 (26) MAYER BROWN INTERNATIONAL 64,286 (76,622) 25 (25) - SQUIRE PATTON BOGGS 39 (40) 25 (24) CLEARY GOTTLIEB STEEN & HAMILTON 61,938 (79,310) 26 (26) - OSBORNE CLARKE 38 (38) 26 (27) CAREY OLSEN 55,668 (63,889) 27 (27) - DWF 37 (37) 27 (22) GIBSON DUNN & CRUTCHER 49,253 (89,872) 28 (27) ▼ FLADGATE 36 (37) 28 (28) DICKSON MINTO W.S 48,834 (56,987) 29 (29) - HOWARD KENNEDY 35 (34) 29 (29) LEWIS SILKIN 47,253 (51,293) 30 (29) ▼ OGIER 34 (34) 30 (30) ALLENS ARTHUR ROBINSON 47,025 (50,956)

A&L GOODBODY Bank of Ireland Group PLC (J) North Atlantic Smaller Companies Inv. Trust PLC (J) ARTHUR COX International Financial Services Centre BT Group PLC (J) Old Mutual Ltd (J) Earlsfort Centre North Wall Quay Capita PLC (J) Pennon Group PLC Earlsfort Terrace Caribbean Investment Holdings Ltd Pittards PLC (J) Dublin 1 Circassia Group PLC Provident Financial PLC (J) Dublin D01 H104 Coca-Cola European Partners PLC (J) Quilter PLC D02 CK83 T: +353 (0)1 649 2000 Direct Line Insurance Group PLC (J) Rio Tinto PLC (J) T: +353 (0)1 618 0000 Dunelm Group PLC Rosseti PJSC DWF Group PLC (J) Rotork PLC (J) Electra Private Equity PLC (J) Royal Bank of Scotland Group (The) PLC (J) ADDLESHAW GODDARD LLP Electrocomponents PLC RSA Insurance Group PLC (J) ASHFORDS LLP Europa Metals Ltd (J) Sage Group (The) PLC (J) Milton Gate Ferguson PLC (J) Science Group PLC 1 New Fetter Lane 60 Chiswell Street Fisher (James) & Sons PLC Sensyne Health PLC (J) London London GlaxoSmithKline PLC (J) Severn Trent PLC (J) EC4A 1AN EC1Y 4AG Grafton Group PLC (J) SIG PLC (J) T: +44 (0)20 7544 2424 T: +44 (0)20 7606 8855 Great Portland Estates PLC (J) Smiths Group PLC (J) Gym Group (The) PLC Societatea Energetica Electrica SA Hibernia REIT PLC (J) Spirax-Sarco Engineering PLC (J) Hiscox Ltd (J) Sylvania Platinum Ltd (J) HSBC Holdings PLC (J) Tesco PLC (J) ASHURST Ibstock PLC TP ICAP PLC (J) London Fruit & Wool Exchange IMI PLC (J) Triad Group PLC (J) 1 Duval Square Impellam Group PLC (J) TT Electronics PLC (J) London ALLEN & OVERY Imperial Brands PLC (J) TUI AG E1 6PW One Bishops Square Intertek Group PLC Virgin Money UK PLC (J) T: +44 (0)20 7638 1111 London IWG PLC (J) Volex PLC (J) E1 6AD JKX Oil & Gas PLC (J) WH Smith PLC (J) JPMorgan Smaller Companies Inv. Trust PLC (J) WPP PLC (J) T: +44 (0)20 3088 0000 Kingfisher PLC (J) F: +44 (0)20 3088 0088 Kingspan Group PLC (J) ATTICUS LEGAL LLP www.allenovery.com Lloyds Banking Group PLC (J) Castlefield House Man Group PLC (J) APPLEBY Liverpool Road 3i Infrastructure PLC (J) Marks and Spencer Group PLC (J) Canon's Court 600 Group (The) PLC (J) Marlowe PLC (J) Manchester 888 Holdings PLC (J) McCarthy & Stone PLC PO Box HM 1179 M3 4SB Associated British Foods PLC (J) Morrison (Wm) Supermarkets PLC (J) Hamilton HM EX T: +44 (0)161 957 8888 Aviva PLC (J) Naked Wines PLC T: +1 441 295 2244 BAE Systems PLC (J) Network International Holdings PLC (J) Balfour Beatty PLC (J) Next PLC (J)

78 Corporate Advisers Rankings Guide 79 LAW FIRMS

BAKER MCKENZIE LLP BROWNE JACOBSON Ceiba Investments Ltd (J) 100 New Bridge Street Castle Meadow Road Cora Gold Ltd (J) London Nottingham Crystal Amber Fund Ltd (J) Digital Landscape Group, Inc. (J) EC4V 6JA NG2 1BJ Doric Nimrod Air One Ltd (J) T: +44 (0)20 7919 1000 T: +44 (0)115 976 6000 Doric Nimrod Air Three Ltd (J) CLIFFORD CHANCE Downing Strategic Micro-Cap Inv. Trust PLC (J) 10 Upper Bank Street EJF Investments Ltd (J) London Fair Oaks Income Ltd (J) E14 5JJ BDB PITMANS BRYAN CAVE LEIGHTON PAISNER Ferguson PLC (J) T: +44 (0)20 7006 1000 50 Broadway Adelaide House GCP Asset Backed Income Fund Ltd (J) GCP Infrastructure Investments Ltd (J) F: +44 (0)20 7006 5555 London London Bridge GLI Finance Ltd (J) www.cliffordchance.com SW1H OBL London Globalworth Real Estate Investments Ltd (J) T: +44 (0)20 7227 7000 EC4R 9HA GoldStone Resources Ltd (J) 3i Infrastructure PLC (J) T: +44 (0)20 3400 1000 Henderson Far East Income Ltd (J) Admiral Group PLC HICL Infrastructure PLC (J) Amedeo Air Four Plus Ltd (J) Highbridge Tactical Credit Fund Ltd (J) Antofagasta PLC BEDELL CRISTIN HWSI Realisation Fund Ltd (J) Apax Global Alpha Ltd (J) ICG-Longbow Senior Secured UK Property Debt Invs Ltd (J) Ashmore Group PLC (J) 26 New Street BURGES SALMON LLP iEnergizer Ltd (J) B&M European Value Retail SA St Helier One Glass Wharf India Capital Growth Fund Ltd (J) Babcock International Group PLC (J) Jersey Bristol Indus Gas Ltd (J) Barclays PLC (J) T: +44 (0)1534 814 814 BS2 0ZX International Public Partnerships Ltd Cineworld Group PLC (J) T: +44 (0)117 939 2000 JPEL Private Equity Ltd (J) Commercial Bank of Qatar (Q.S.C.) (J) JPMorgan Global Core Real Assets Ltd (J) Devro PLC JTC PLC (J) DWF Group PLC (J) easyJet PLC (J) BIRD & BIRD Macau Property Opportunities Fund Ltd (J) Marble Point Loan Financing Ltd (J) EJF Investments Ltd (J) 12 New Fetter Lane BURNESS PAULL LLP Mercantile Ports and Logistics Ltd (J) Electra Private Equity PLC (J) London 50 Lothian Road NB Distressed Debt Investment Fund Ltd (J) Europa Metals Ltd (J) EC4A 1JP Edinburgh NB Global Floating Rate Income Fund Ltd (J) Fondul Proprietatea S.A. T: +44 (0)20 7415 6000 EH3 9WJ NB Private Equity Partners Ltd (J) French Connection Group PLC NextEnergy Solar Fund Ltd (J) Gamesys Group PLC (J) T: +44 (0)131 473 6000 OKYO Pharma Ltd (J) GlaxoSmithKline PLC (J) Pershing Square Holdings Ltd (J) Glencore PLC (J) Petrofac Ltd (J) Global Ports Investments PLC (J) BIRKETT LONG LLP Picton Property Income Ltd (J) Halfords Group PLC Faviell House CAINS Polymetal International PLC (J) Helical PLC (J) 1 Coval Wells Fort Anne PPHE Hotel Group Ltd (J) HSBC Holdings PLC (J) Chelmsford Douglas Princess Private Equity Holding Ltd (J) Informa PLC (J) Intermediate Capital Group PLC (J) Essex Isle of Man Raven Property Group Ltd (J) Real Estate Credit Investments Ltd (J) ITV PLC (J) CM1 1WZ T: +44 (0)1624 638 300 Regional REIT Ltd (J) Jupiter Fund Management PLC T: +44 (0)1245 658 132 Renewables Infrastructure Group (The) Ltd (J) Just Group PLC (J) River and Mercantile UK Micro Cap Inv. Co. Ltd (J) Legal & General Group PLC (J) Riverstone Energy Ltd (J) Man Group PLC (J) RTW Venture Fund Ltd (J) Meggitt PLC BLAKE MORGAN LLP Safestyle UK PLC (J) Nova Ljubljanska banka d.d., Ljubljana (J) 6 New Street Square Sanne Group PLC Permanent tsb Group Holdings PLC (J) Schroder Oriental Income Fund Ltd (J) Pharos Energy PLC London CAREY OLSEN Shanta Gold Ltd (J) Provident Financial PLC (J) EC4A 3DJ P.O. Box 98, Carey House Sherborne Investors (Guernsey) B Ltd (J) Ricardo PLC Serco Group PLC (J) T: +44 (0)20 7405 2000 Les Banques Sirius Real Estate Ltd (J) SQN Secured Income Fund (The) PLC (J) Standard Chartered PLC (J) St. Peter Port St Peter Port Capital Ltd (J) Standard Life Aberdeen PLC (J) GY1 4BZ Starwood European Real Estate Finance Ltd (J) Studio Retail Group PLC (J) BPE SOLICITORS LLP T: +44 (0)1481 727 272 Stenprop Ltd (J) TCS Group Holding PLC F: +44 (0)1481 711 052 Syncona Ltd (J) TI Fluid Systems PLC (J) St James House Tufton Oceanic Assets Ltd (J) Unilever PLC (J) St James Square www.careyolsen.com TwentyFour Income Fund Ltd (J) Vectura Group PLC (J) Cheltenham TwentyFour Select Monthly Income Fund Ltd (J) Virgin Money UK PLC (J) GL50 3PR 47 Esplanade UK Mortgages Ltd (J) Zenith Bank PLC (J) T: +44 (0)1242 224 433 St. Helier VietNam Holding Ltd (J) Jersey VinaCapital Vietnam Opportunity Fund Ltd (J) JE1 0BD WANdisco PLC (J) Wentworth Resources PLC (J) T: +44 (0)1534 888 900 CLYDE & CO Westmount Energy Ltd (J) St Botolph Building BRABNERS F: +44 (0)1534 887 744 Woodbois Ltd (J) 55 King Street www.careyolsen.com Workspace Group PLC (J) 138 Houndsditch Manchester Worsley Investors Ltd (J) London M2 4LQ Forum St Paul’s XLMedia PLC (J) EC3A 7AR T: +44 (0)161 836 8800 33 Gutter Lane T: +44 (0)20 7876 5000 London EC2V 8AS CHARLES RUSSELL SPEECHLYS LLP T: +44 (0)20 7614 5610 5 Fleet Place BRACHER RAWLINS LLP www.careyolsen.com 77 Kingsway London London AfriTin Mining Ltd (J) EC4M 7RD WC2B 6SR Agriterra Ltd T: +44 (0)20 7203 5000 Alcentra European Floating Rate Inc. Fund Ltd (J) T: +44 (0)20 7404 9400 Alpha Real Trust Ltd (J) Alternative Liquidity Fund Ltd (J) Amedeo Air Four Plus Ltd (J) CMS Apax Global Alpha Ltd (J) Cannon Place BROWN RUDNICK APi Group Corporation (J) 78 Cannon Street 8 Clifford Street Aseana Properties Ltd (J) London London Ashmore Global Opportunities Ltd (J) Axiom European Financial Debt Fund Ltd EC4N 6AF W1S 2LQ Better Capital PCC Ltd (J) T: +44 (0)20 7367 3000 T: +44 (0)20 7851 6000 BH Global Ltd (J) F: +44 (0)20 7367 2000 BH Macro Ltd (J) Blackstone/GSO Loan Financing Ltd (J) www.cms-cmno.com Bluefield Solar Income Fund Ltd (J) Adams PLC (J) BMO Commercial Property Trust Ltd (J) Aquila European Renewables Income Fund PLC (J) BMO Real Estate Investments Ltd (J) Aurora Investment Trust PLC (J) Boussard & Gavaudan Holding Ltd (J) Big Yellow Group PLC (J) Breedon Group PLC (J) Bisichi PLC (J) Bushveld Minerals Ltd (J)

78 Corporate Advisers Rankings Guide 79 LAW FIRMS

Blue Planet Investment Trust PLC Hurricane Energy PLC (J) Savannah Resources PLC Blue Prism Group PLC Itaconix PLC (J) SigmaRoc PLC (J) BMO Private Equity Trust PLC Jupiter US Smaller Companies PLC Starvest PLC BP PLC (J) Kcell JSC (J) Thor Mining PLC (J) Braemar Shipping Services PLC Lok'nStore Group PLC (J) TomCo Energy PLC (J) BT Group PLC (J) COOLEY London Security PLC (J) Cairn Energy PLC (J) Dashwood Marshall Motor Holdings PLC CAP-XX Ltd (J) 69 Old Broad Street Menzies (John) PLC (J) Capital & Regional PLC (J) London Next Fifteen Communications Group PLC DWF LLP Capital Drilling Ltd O'Key Group SA (J) Capital House Cineworld Group PLC (J) EC2M 1QS PCF Group PLC Dunedin Enterprise Investment Trust PLC T: +44 (0)20 7583 4055 Personal Group Holdings PLC (J) 20 Fenchurch Street Enteq Upstream PLC www.cooley.com Photo-Me International PLC (J) London Euromoney Institutional Investor PLC (J) Polo Resources Ltd (J) EC3M 3AG Finsbury Food Group PLC (J) Allergy Therapeutics PLC (J) PRS REIT (The) PLC T: +44 (0)20 7280 8888 Fox Marble Holdings PLC (J) Amryt Pharma PLC (J) Quiz PLC (J) Frontier IP Group PLC (J) Cobra Resources PLC RA International Group PLC Galliford Try Holdings PLC eve Sleep PLC (J) Rentokil Initial PLC Gattaca PLC Science in Sport PLC IGas Energy PLC (J) ENSAFRICA Great Portland Estates PLC (J) MaxCyte, Inc. (J) Seneca Global Income & Growth Trust PLC (J) Gresham House Strategic PLC (J) MetalNRG PLC Shires Income PLC 150 West Street GVC Holdings PLC (J) National World PLC Sigma Capital Group PLC (J) Sandton GYG PLC OKYO Pharma Ltd (J) Stagecoach Group PLC (J) Johannesburg Halma PLC Pembridge Resources PLC (J) Standard Life Private Equity Trust PLC (J) 2196 Hollywood Bowl Group PLC Pires Investments PLC (J) Tristel PLC (J) Hunting PLC Renalytix AI PLC (J) ULS Technology PLC T: +27 (0)11 269 7600 Hydrodec Group PLC (J) RockRose Energy PLC (J) Ultra Electronics Holdings PLC (J) Hyve Group PLC (J) Scancell Holdings PLC Weir Group PLC (J) Inspirit Energy Holdings PLC (J) Tiziana Life Sciences PLC (J) Wizz Air Holdings PLC (J) Intercede Group PLC EVERSHEDS SUTHERLAND LLP ITV PLC (J) 1 Wood Street Land Securities Group PLC (J) London Local Shopping REIT (The) PLC (J) COVINGTON & BURLING LLP London & Associated Properties PLC (J) EC2V 7WS LondonMetric Property PLC (J) 265 Strand T: +44 (0)20 7919 4500 Luceco PLC (J) London DICKSON MINTO W.S M Winkworth PLC WC2R 1BH Broadgate Tower M&C Saatchi PLC T: +44 (0)20 7067 2000 Macfarlane Group PLC (J) 20 Primrose Street MediaZest PLC London MTI Wireless Edge Ltd EC2A 2EW Myanmar Strategic Holdings Ltd DAC BEACHCROFT LLP T: +44 (0)20 7628 4455 National Grid PLC (J) F: +44 (0)20 7628 0027 New Century AIM VCT 2 PLC 100 Fetter Lane New Century AIM VCT PLC London www.dicksonminto.com New Star Investment Trust PLC EC4A 1BN FAEGRE DRINKER NewRiver REIT PLC (J) T: +44 (0)20 7242 1011 OPG Power Ventures PLC (J) 7 Pilgrim Street Palace Capital PLC (J) DLA PIPER LLP London Pendragon PLC (J) 160 Aldersgate Street EC4V 6LB Pennpetro Energy PLC (J) London T: +44 (0)20 7450 4500 Phoenix Global Resources PLC (J) DECHERT LLP Primary Health Properties PLC (J) 160 Queen Victoria Street EC1A 4HT F: +44 (0)20 7450 4545 Randall & Quilter Investment Holdings Ltd (J) London T: +44 (0)8700 111 111 www.faegredrinker.com RDI REIT PLC (J) EC4V 4QQ Adams PLC (J) Reconstruction Capital II Ltd (J) T: +44 (0)20 7184 7000 Redcentric PLC (J) Advanced Oncotherapy PLC (J) River and Mercantile UK Micro Cap Inv. Co. Ltd (J) DMH STALLARD Arcontech Group PLC Royal Bank of Scotland Group (The) PLC (J) 6 New Street Square Dragon-Ukrainian Properties & Development PLC (J) RWS Holdings PLC GoldStone Resources Ltd (J) Sabre Insurance Group PLC (J) New Fetter Lane Metal Tiger PLC (J) Savills PLC London Tavistock Investments PLC (J) Securities Trust of Scotland PLC EC4A 3BF Water Intelligence PLC Sequoia Economic Infrastructure Inc. Fund Ltd (J) T: +44 (0)20 7822 1500 SIG PLC (J) Sigma Capital Group PLC (J) DENTONS UK AND MIDDLE EAST LLP Smart Metering Systems PLC One Fleet Place FASKEN MARTINEAU LLP Sportech PLC (J) London 15th Floor SRT Marine Systems PLC EC4M 7WS SSE PLC (J) 125 Old Broad Street Strix Group PLC (J) T: +44 (0)20 7242 1212 London Surgical Innovations Group PLC (J) F: +44 (0)20 7246 7777 EC2N 1AR SVM UK Emerging Fund PLC www.dentons.com T: +44 (0)20 7917 8500 Symphony Environmental Technologies PLC DRUCES LLP Telecom Plus PLC (J) Aberdeen Asian Income Fund Ltd (J) Telit Communications PLC Aberdeen Japan Investment Trust PLC Salisbury House Templeton Emerging Markets Inv. Trust PLC Aberdeen New Dawn Investment Trust PLC 29 Finsbury Circus TP Group PLC Aberdeen New India Investment Trust PLC (J) London TP ICAP PLC (J) Aberdeen New Thai Investment Trust PLC EC2M 5PS UNITE Group PLC (J) Aberdeen Smaller Companies Income Trust PLC T: +44 (0)20 7638 9271 Urban&Civic PLC Aberdeen Standard Asia Focus PLC ValiRx PLC (J) AdEPT Technology Group PLC (J) F: +44 (0)20 7628 7525 FIELDFISHER Vectura Group PLC (J) Andrews Sykes Group PLC (J) www.druces.com Riverbank House XLMedia PLC (J) Aura Energy Ltd (J) 2 Swan Lane YouGov PLC Armadale Capital PLC Bank of Georgia Group PLC (J) London Zinc Media Group PLC (J) Bilby PLC Athelney Trust PLC Bonhill Group PLC (J) Boston International Holdings PLC (J) EC4R 3TT Borders & Southern Petroleum PLC Goldplat PLC (J) T: +44 (0)20 7861 4000 Braveheart Investment Group PLC Greatland Gold PLC www.fieldfisher.com Cadogan Petroleum PLC (J) Katoro Gold PLC (J) CAP-XX Ltd (J) Kavango Resources PLC (J) Access Intelligence PLC Christie Group PLC (J) Kibo Energy PLC (J) ADVFN PLC CQS Natural Resources Growth and Income PLC Metal Tiger PLC (J) Amur Minerals Corporation (J) CQS New City High Yield Fund Ltd (J) Mosman Oil and Gas Ltd (J) Ascent Resources PLC (J) Downing Strategic Micro-Cap Inv. Trust PLC (J) Mustang Energy PLC Atalaya Mining PLC (J) DP Eurasia N.V. (J) Nostra Terra Oil & Gas Company PLC Best of the Best PLC (J) Edinburgh Investment Trust (The) PLC Red Rock Resources PLC BP PLC (J) Georgia Capital PLC (J) Regency Mines PLC Byotrol PLC Hansa Investment Company Ltd Rockfire Resources PLC (J) Central Asia Metals PLC (J)

80 Corporate Advisers Rankings Guide 81 LAW FIRMS

Checkit PLC (J) FREETHS LLP Alternative Income REIT PLC (J) Minds + Machines Group Ltd (J) Craven House Capital PLC (J) 1 Vine Street Altus Strategies PLC Polo Resources Ltd (J) Echo Energy PLC Mayfair Altyn PLC (J) Premier African Minerals Ltd (J) EQTEC PLC (J) Andrews Sykes Group PLC (J) Vertu Capital Ltd (J) EVR Holdings PLC (J) London Argentex Group PLC GlobalData PLC (J) W1J 0AH Ariana Resources PLC Great Western Mining Corporation PLC (J) T: +44 (0)845 050 3200 ASOS PLC (J) Gusbourne PLC Bacanora Lithium PLC (J) HARRISON CLARK RICKERBYS Haydale Graphene Industries PLC BlackRock Energy and Resources Inc. Trust PLC 5 Deansway Hurricane Energy PLC (J) BlackRock Frontiers Investment Trust PLC (J) Worcester Infrastrata PLC (J) FRESHFIELDS BRUCKHAUS DERINGER BlackRock North American Income Trust PLC Inspiration Healthcare Group PLC (J) Blue Star Capital PLC (J) WR1 2JG IOG PLC 65 Fleet Street Bushveld Minerals Ltd (J) T: +44 (0)1905 612 001 Itaconix PLC (J) London Ceiba Investments Ltd (J) Jaywing PLC EC4Y 1HS Chenavari Capital Solutions Ltd (J) KEFI Minerals PLC (J) T: +44 (0)20 7936 4000 Chenavari Toro Income Fund Ltd (J) Kodal Minerals PLC (J) CIP Merchant Capital Ltd (J) KRM22 PLC Codemasters Group Holdings PLC (J) Live Company Group PLC (J) Connect Group PLC (J) Marks and Spencer Group PLC (J) Conygar Investment Company (The) PLC Marlowe PLC (J) GATELEY LLP Dolphin Capital Investors Ltd Moss Bros Group PLC (J) 111 Edmund Street Draper Esprit PLC (J) Nu-Oil and Gas PLC Birmingham Eden Research PLC (J) HERBERT SMITH FREEHILLS LLP Online Blockchain PLC B3 2HJ Empiric Student Property PLC Exchange House Pires Investments PLC (J) T: +44 (0)121 234 0000 Eurasia Mining PLC President Energy PLC Fundsmith Emerging Equities Trust PLC (J) Primrose Street Property Franchise Group (The ) PLC Gabelli Value Plus+ Trust PLC EC2A 2EG Restore PLC Galantas Gold Corporation (J) T: +44 (0)20 7374 8000 San Leon Energy PLC (J) GCP Asset Backed Income Fund Ltd (J) Seeing Machines Ltd (J) GIBSON DUNN & CRUTCHER GCP Student Living PLC F: +44 (0)20 7374 0888 SigmaRoc PLC (J) Telephone House H&T Group PLC (J) www.herbertsmithfreehills.com Toople PLC (J) 2-4 Temple Avenue Hidong Estate PLC Tristel PLC (J) London Highland Gold Mining Ltd Abcam PLC (J) Versarien PLC (J) Highway Capital PLC (J) Aberdeen Emerging Markets Investment Co. Ltd (J) Wynnstay Properties PLC EC4Y 0HB Hill & Smith Holdings PLC (J) Aberdeen Frontier Markets Investment Co. Ltd (J) T: +44 (0)20 7071 4000 Hummingbird Resources PLC Afarak Group PLC ICG-Longbow Senior Secured UK Property Debt Invs Ltd (J) Airtel Africa PLC (J) International Biotechnology Trust PLC Alumasc Group PLC (J) M&G Credit Income Investment Trust PLC Amedeo Air Four Plus Ltd (J) Marks and Spencer Group PLC (J) Anglo American PLC (J) Marston's PLC (J) Anglo Pacific Group PLC (J) MENA Land PLC AO World PLC (J) GOODMAN DERRICK LLP Mercia Asset Management PLC (J) Apax Global Alpha Ltd (J) Applegreen PLC (J) 10 St Bride Street Mkango Resources Ltd FLADGATE LLP Octopus Renewables Infrastructure Trust PLC (J) Associated British Foods PLC (J) 16 Great Queen Street London Odyssean Investment Trust PLC BAE Systems PLC (J) London EC4A 4AD Phoenix Copper Ltd (J) Baillie Gifford US Growth Trust PLC PipeHawk PLC Bank of Ireland Group PLC (J) WC2B 5DG T: +44 (0)20 7404 0606 F: +44 (0)20 7831 6407 Premier Foods PLC (J) Base Resources Ltd (J) T: +44 (0)20 3036 7000 Primary Health Properties PLC (J) Berkeley Energia Ltd (J) F: +44 (0)20 3036 7600 www.gdlaw.co.uk QinetiQ Group PLC (J) Berkeley Group Holdings (The) PLC www.fladgate.com RM Secured Direct Lending PLC BHP Group PLC (J) AFH Financial Group PLC RTC Group PLC (J) BioPharma Credit PLC Bidstack Group PLC (J) Alliance Pharma PLC Ruffer Investment Company Ltd (J) Bisichi PLC (J) Catenae Innovation PLC (J) Salt Lake Potash Ltd (J) BlackRock Greater Europe Investment Trust PLC Angus Energy PLC Highway Capital PLC (J) Argo Blockchain PLC SEC Newgate S.p.A (J) BlackRock World Mining Trust PLC (J) ITV PLC (J) Shanta Gold Ltd (J) Blackstone/GSO Loan Financing Ltd (J) Associated British Engineering PLC (J) Lok'nStore Group PLC (J) Audioboom Group PLC St Modwen Properties PLC (J) Blancco Technology Group PLC (J) Oxford Metrics PLC Staffline Group PLC (J) Bodycote PLC (J) Baskerville Capital PLC Restaurant Group (The) PLC (J) BATM Advanced Communications Ltd (J) Stanley Gibbons Group (The) PLC (J) Boussard & Gavaudan Holding Ltd (J) TomCo Energy PLC (J) Strategic Minerals PLC BP PLC (J) Bisichi PLC (J) Ukrproduct Group Ltd (J) Caspian Sunrise PLC (J) Sunrise Resources PLC British American Tobacco PLC (J) Chesterfield Resources PLC (J) Sylvania Platinum Ltd (J) British Land Company PLC (J) Dev Clever Holdings PLC Tavistock Investments PLC (J) Brunner Investment Trust (The) PLC (J) Eco (Atlantic) Oil & Gas Ltd (J) Temple Bar Investment Trust PLC (J) Capita PLC (J) Entertainment AI PLC GORDONS PARTNERSHIP LLP Tertiary Minerals PLC Carador Income Fund PLC (J) Fuller, Smith & Turner PLC (J) 22 Great James Street TOC Property Backed Lending Trust PLC Coats Group PLC (J) Galileo Resources PLC (J) London Toople PLC (J) Coca-Cola HBC AG (J) Connect Group PLC (J) Gfinity PLC (J) WC1N 3ES TT Electronics PLC (J) Tufton Oceanic Assets Ltd (J) CPPGroup PLC (J) Grand Fortune High Grade Ltd (J) T: +44 (0)20 7421 9421 Hydrogen Group PLC (J) UAE Oil Services PLC (J) CVC Credit Partners European Opportunities Ltd (J) Iconic Labs PLC (J) Upland Resources Ltd (J) Daily Mail and General Trust PLC (J) Jubilee Metals Group PLC (J) Urban Logistics REIT PLC Dart Group PLC (J) Katoro Gold PLC (J) VinaCapital Vietnam Opportunity Fund Ltd (J) De La Rue PLC (J) KCR Residential REIT PLC (J) Westmount Energy Ltd (J) Doric Nimrod Air One Ltd (J) London & Associated Properties PLC (J) Wilmington PLC Doric Nimrod Air Three Ltd (J) Mineral & Financial Investments Ltd (J) Young & Co's Brewery PLC (J) Doric Nimrod Air Two Ltd (J) OTAQ PLC Elementis PLC (J) Pan African Resources PLC (J) Ferrexpo PLC Pennpetro Energy PLC (J) G4S PLC (J) PowerHouse Energy Group PLC (J) 4 More London Riverside Gabelli Merger Plus+ Trust PLC Premier African Minerals Ltd (J) London Genus PLC (J) Rockfire Resources PLC (J) SE1 2AU Gulf Keystone Petroleum Ltd (J) Synairgen PLC Hammerson PLC HARNEY WESTWOOD & RIEGELS Harbourvest Global Private Equity Ltd Tiger Resource PLC Two Snowhill TransGlobe Energy Corporation (J) 3rd Floor Henderson European Focus Trust PLC (J) Birmingham Highbridge Tactical Credit Fund Ltd (J) Tri-Star Resources PLC 1 Pemberton Row B4 6WR Hipgnosis Songs Fund Ltd (J) Vast Resources PLC (J) London Xtract Resources PLC Hiscox Ltd (J) EC4A 3BG Impax Environmental Markets PLC (J) T: +44 (0)870 903 1000 T: +44 (0)20 3752 3600 Inchcape PLC (J) F: +44 (0)870 904 1099 F: +44 (0)20 3752 3695 India Capital Growth Fund Ltd (J) www.gowlingwlg.com JKX Oil & Gas PLC (J) FOX WILLIAMS LLP www.harneys.com Johnson Matthey PLC 10 Finsbury Square Aberdeen Emerging Markets Investment Co. Ltd (J) JPEL Private Equity Ltd (J) London Aberdeen Frontier Markets Investment Co. Ltd (J) Bluebird Merchant Ventures Ltd (J) JPMorgan American Investment Trust PLC (J) Aberdeen Standard European Logistics Inc. PLC Empire Metals Ltd (J) JPMorgan Asia Growth & Income PLC (J) EC2A 1AF Fragrant Prosperity Holdings Ltd (J) T: +44 (0)20 7628 2000 AEW UK REIT PLC JPMorgan Elect PLC (J) Africa Opportunity Fund Ltd (J) Jadestone Energy Inc. (J) JPMorgan Global Core Real Assets Ltd (J) AfriTin Mining Ltd (J) Kropz PLC (J) KEFI Minerals PLC (J)

80 Corporate Advisers Rankings Guide 81 LAW FIRMS

Kin and Carta PLC Dekel Agri-Vision Ltd Investec PLC Man Group PLC (J) Emmerson PLC (J) JPMorgan Asia Growth & Income PLC (J) Marble Point Loan Financing Ltd (J) Empire Metals Ltd (J) JPMorgan China Growth & Income PLC (J) Marshalls PLC (J) European Metals Holdings Ltd (J) JPMorgan Claverhouse Investment Trust PLC (J) Menhaden PLC FastForward Innovations Ltd (J) KERMAN & CO. JPMorgan European Investment Trust PLC (J) Mercantile Investment Trust (The) PLC (J) Fragrant Prosperity Holdings Ltd (J) 200 Strand JPMorgan Global Growth & Income PLC (J) Merchants Trust (The) PLC Genus PLC (J) London JPMorgan Indian Investment Trust PLC (J) Moneysupermarket.com Group PLC (J) GSTechnologies Ltd (J) JPMorgan Japanese Investment Trust PLC (J) National Grid PLC (J) Gunsynd PLC WC2R 1DJ JPMorgan Mid Cap Investment Trust PLC (J) NB Distressed Debt Investment Fund Ltd (J) Inspirit Energy Holdings PLC (J) T: +44 (0)20 7539 7272 KAZ Minerals PLC NB Global Floating Rate Income Fund Ltd (J) INTOSOL Holdings PLC F: +44 (0)20 7240 5780 Kier Group PLC (J) NB Private Equity Partners Ltd (J) Johnson Service Group PLC www.kermanco.com Lloyds Banking Group PLC (J) Next PLC (J) Manx Financial Group PLC (J) M&G PLC (J) PageGroup PLC Minds + Machines Group Ltd (J) Applegreen PLC (J) Metro Bank PLC Pearson PLC (J) NewRiver REIT PLC (J) Arc Minerals Ltd (J) Mondi PLC (J) Pershing Square Holdings Ltd (J) Octagonal PLC Baron Oil PLC MySale Group PLC (J) Phoenix Global Resources PLC (J) Oilex Ltd (J) Columbus Energy Resources PLC (J) National Grid PLC (J) Polar Capital Global Financials Trust PLC Papillon Holdings PLC (J) Empyrean Energy PLC (J) Ninety One PLC Polar Capital Global Healthcare Trust PLC Pathfinder Minerals PLC (J) Fragrant Prosperity Holdings Ltd (J) Old Mutual Ltd (J) Polar Capital Holdings PLC Plutus PowerGen PLC (J) Infrastrata PLC (J) Petrofac Ltd (J) Polar Capital Technology Trust PLC Primorus Investments PLC Metals Exploration PLC Prairie Mining Ltd (J) Provident Financial PLC (J) Reabold Resources PLC (J) Panthera Resources PLC Prudential PLC (J) Real Estate Credit Investments Ltd (J) Red Emperor Resources NL (J) Pembridge Resources PLC (J) Reckitt Benckiser Group PLC (J) Rightmove PLC (J) Remote Monitored Systems PLC (J) Rurelec PLC RHI Magnesita N.V. (J) Rio Tinto PLC (J) Sealand Capital Galaxy Ltd (J) United Oil & Gas PLC (J) Rio Tinto PLC (J) River and Mercantile Group PLC (J) SigmaRoc PLC (J) Victoria Oil & Gas PLC RIT Capital Partners PLC Royal Mail PLC (J) Solo Oil PLC (J) Royal Bank of Scotland Group (The) PLC (J) RTW Venture Fund Ltd (J) Stobart Group Ltd (J) RSA Insurance Group PLC (J) Saga PLC (J) Stranger Holdings PLC (J) Sainsbury (J) PLC Schiehallion Fund Ltd (The) (J) SysGroup PLC (J) LATHAM & WATKINS LLP Serco Group PLC (J) SDCL Energy Efficiency Income Trust PLC Two Shields Investments PLC (J) Smiths Group PLC (J) SEPLAT Petroleum Development Company PLC (J) UK Oil & Gas PLC 99 Bishopsgate Spirent Communications PLC Serica Energy PLC (J) UP Global Sourcing Holdings PLC London Tate & Lyle PLC (J) Severn Trent PLC (J) URU Metals Ltd EC2M 3XF Travis Perkins PLC (J) Sherborne Investors (Guernsey) B Ltd (J) Webis Holdings PLC (J) T: +44 (0)20 7710 1000 U and I Group PLC Sherborne Investors (Guernsey) C Ltd (J) Zaim Credit Systems PLC (J) Unilever PLC (J) SIG PLC (J) Vesuvius PLC SME Credit Realisation Fund Ltd (J) Vistry Group PLC (J) South32 Ltd (J) Vodafone Group PLC LAYTONS St James's Place PLC (J) HOGAN LOVELLS INTERNATIONAL LLP William Hill PLC (J) 2 More London Riverside Stagecoach Group PLC (J) Atlantic House Star Phoenix Group Ltd (J) London 50 Holborn Viaduct STV Group PLC (J) SE1 2AP London Synthomer PLC (J) T: +44 (0)20 7842 8000 MACFARLANES LLP ThinkSmart Ltd (J) EC1A 2FG 20 Cursitor Street Third Point Offshore Investors Ltd (J) T: +44 (0)20 7296 2000 TP ICAP PLC (J) London TR European Growth Trust PLC EC4A 1LT Travis Perkins PLC (J) T: +44 (0)20 7831 9222 UNITE Group PLC (J) US Solar Fund PLC HOWARD KENNEDY No. 1 London Bridge Volta Finance Ltd (J) LINKLATERS Watchstone Group PLC (J) London One Silk Street MARRIOTT HARRISON Weir Group PLC (J) SE1 9BG London 11 Staple Inn WH Smith PLC (J) T: +44 (0)20 3755 6000 Wincanton PLC (J) EC2Y 8HQ London Witan Investment Trust PLC (J) T: +44 (0)20 7456 2000 WC1V 7QH Worsley Investors Ltd (J) F: +44 (0)20 7456 2222 T: +44 (0)20 7209 2000 IRWIN MITCHELL www.linklaters.com 40 Holborn Viaduct HEWITSON MOORHEAD London Aggreko PLC (J) AIB Group PLC (J) Kildare House EC1N 2PZ Alcentra European Floating Rate Inc. Fund Ltd (J) 3 Dorset Rise T: +44 (0)20 7404 3600 Alliance Trust PLC (J) London Anglo American PLC (J) EC4Y 8EN Arricano Real Estate PLC (J) ASA International Group PLC T: +44 (0)20 7831 8888 MEMERY CRYSTAL JOELSON LLP BAE Systems PLC (J) 165 Fleet Street 30 Portland Place Balfour Beatty PLC (J) Barclays PLC (J) London London Biffa PLC EC4A 2DY W1B 1LZ BP PLC (J) T: +44 (0)20 7242 5905 T: +44 (0)20 7580 5721 British American Tobacco PLC (J) F: +44 (0)20 7242 2058 Britvic PLC (J) www.memerycrystal.com HILL DICKINSON Capita PLC (J) Capital & Counties Properties PLC (J) The Broadgate Tower 88 Energy Ltd (J) K&L GATES LLP Carclo PLC (J) 20 Primrose Street ADM Energy PLC (J) One New Change Card Factory PLC London Centrica PLC (J) AFC Energy PLC (J) London Alba Mineral Resources PLC (J) EC2A 2EW CMC Markets PLC EC4M 9AF Computacenter PLC Bisichi PLC (J) T: +44 (0)20 7283 9033 T: +44 (0)20 7648 9000 Countryside Properties PLC (J) Caledonia Mining Corporation PLC (J) F: +44 (0)20 7283 1144 CRH PLC (J) Chariot Oil & Gas Ltd (J) www.hilldickinson.com Dixons Carphone PLC (J) China Nonferrous Gold Ltd (J) EVRAZ PLC Columbus Energy Resources PLC (J) Agronomics Ltd (J) Experian PLC (J) Danakali Ltd (J) Alba Mineral Resources PLC (J) Finablr PLC Futura Medical PLC (J) Alien Metals Ltd Fresnillo PLC (J) G3 Exploration Ltd (J) Anglo African Agriculture PLC (J) G4S PLC (J) Gaming Realms PLC Arc Minerals Ltd (J) Gem Diamonds Ltd Goldplat PLC (J) Attis Oil and Gas Ltd Genel Energy PLC (J) Gulf Keystone Petroleum Ltd (J) Begbies Traynor Group PLC (J) Glencore PLC (J) IDOX PLC (J) Block Energy PLC Gulf Marine Services PLC (J) Ingenta PLC Blue Star Capital PLC (J) Hansard Global PLC (J) Intelligent Ultrasound Group PLC Bluejay Mining PLC Helios Towers PLC Keras Resources PLC Boston International Holdings PLC (J) Hochschild Mining PLC (J) Kingswood Holdings Ltd (J) Cadence Minerals PLC HSBC Holdings PLC (J) Kropz PLC (J) Carr's Group PLC IG Group Holdings PLC Litigation Capital Management Ltd Chesterfield Resources PLC (J) Intu Properties PLC Maestrano Group PLC (J)

82 Corporate Advisers Rankings Guide 83 LAW FIRMS

Mobile Streams PLC DP Aircraft I Ltd (J) Pelatro PLC Ecofin Global Utilities & Infrastructure Trust PLC Petra Diamonds Ltd (J) Egdon Resources PLC Pure Gold Mining Inc. (J) eve Sleep PLC (J) Rainbow Rare Earths Ltd (J) MOURANT F&C Investment Trust PLC Red Emperor Resources NL (J) PO Box 87 Future PLC (J) Richland Resources Ltd (J) 22 Grenville Street Good Energy Group PLC Rose Petroleum PLC St Helier Grafton Group PLC (J) PINSENT MASONS LLP Shanta Gold Ltd (J) Greencoat Renewables PLC (J) Jersey 30 Crown Place SmartSpace Software PLC Greencoat UK Wind PLC Earl Street Sosandar PLC (J) T: +44 (0)1534 676 000 HSBC Holdings PLC (J) Sterling Energy PLC (J) F: +44 (0)1534 676 333 Hydrodec Group PLC (J) London STM Group PLC (J) www.mourantozannes.com ICG Enterprise Trust PLC EC2A 4ES Taseko Mines Ltd (J) IMI PLC (J) T: +44 (0)20 7418 7000 Ten Lifestyle Group PLC 3i Infrastructure PLC (J) Invesco Income Growth Trust PLC F: +44 (0)20 7418 7050 Tharisa PLC (J) Invesco Perpetual Select Trust PLC Aberdeen Emerging Markets Investment Co. Ltd (J) www.pinsentmasons.com Tlou Energy Ltd (J) Aberdeen Frontier Markets Investment Co. Ltd (J) JPMorgan Brazil Investment Trust PLC (J) VAALCO Energy, Inc. (J) APQ Global Ltd (J) JPMorgan Global Emerging Markets Inc. Trust PLC (J) Valeura Energy Inc. (J) JPMorgan Indian Investment Trust PLC (J) 600 Group (The) PLC (J) Bahamas Petroleum Company PLC (J) AB Dynamics PLC Vintana PLC (J) Beazley PLC (J) JPMorgan Japan Smaller Companies Trust PLC (J) JTC PLC (J) Adamas Finance Asia Ltd (J) BMO Real Estate Investments Ltd (J) AJ Bell PLC Caledonia Mining Corporation PLC (J) Katoro Gold PLC (J) Lekoil Ltd (J) Alumasc Group PLC (J) Challenger Acquisitions Ltd (J) ANGLE PLC Chenavari Capital Solutions Ltd (J) Macau Property Opportunities Fund Ltd (J) Montanaro UK Smaller Companies Inv. Trust PLC Arden Partners PLC (J) Chenavari Toro Income Fund Ltd (J) Arena Events Group PLC Doric Nimrod Air Two Ltd (J) Mortgage Advice Bureau (Holdings) PLC Mountview Estates PLC Babcock International Group PLC (J) DP Aircraft I Ltd (J) Beeks Financial Cloud Group PLC Experian PLC (J) National Grid PLC (J) Picton Property Income Ltd (J) Best of the Best PLC (J) Gemfields Group Ltd (J) Blancco Technology Group PLC (J) MICHELMORES LLP Genel Energy PLC (J) PPHE Hotel Group Ltd (J) Purplebricks Group PLC Bowleven PLC (J) 12th Floor Genesis Emerging Markets Fund Ltd BP PLC (J) Glencore PLC (J) PV Crystalox Solar PLC 6 New Street Square Rambler Metals and Mining PLC Brown (N) Group PLC (J) Highbridge Tactical Credit Fund Ltd (J) Cairn Energy PLC (J) London IWG PLC (J) Reach PLC (J) Renewables Infrastructure Group (The) Ltd (J) Cairn Homes PLC (J) EC4A 3BF JLEN Environmental Assets Group Ltd (J) Cambridge Cognition Holdings PLC (J) JZ Capital Partners Ltd (J) Renishaw PLC (J) T: +44 (0)20 7659 7660 Residential Secure Income PLC CareTech Holdings PLC (J) F: +44 (0)20 7659 7661 LondonMetric Property PLC (J) Castings PLC (J) Man Group PLC (J) SEPLAT Petroleum Development Company PLC (J) www.michelmores.com Sirius Real Estate Ltd (J) Celtic PLC (J) NewRiver REIT PLC (J) China Nonferrous Gold Ltd (J) NextEnergy Solar Fund Ltd (J) Starwood European Real Estate Finance Ltd (J) China New Energy Ltd Touchstone Exploration Inc. (J) Clipper Logistics PLC (J) Oryx International Growth Fund Ltd (J) Countryside Properties PLC (J) Limitless Earth PLC Quiz PLC (J) Trian Investors 1 Ltd (J) Mining, Minerals & Metals PLC UIL Ltd (J) Craneware PLC Ruffer Investment Company Ltd (J) DCC PLC (J) Modern Water PLC Schroder Real Estate Investment Trust Ltd (J) Utilico Emerging Markets Ltd (J) Orchard Funding Group PLC Volution Group PLC Direct Line Insurance Group PLC (J) Sequoia Economic Infrastructure Inc. Fund Ltd (J) EMIS Group PLC (J) Power Metal Resources PLC (J) Serinus Energy PLC (J) Windar Photonics PLC (J) Sutton Harbour Group PLC Witan Pacific Investment Trust PLC Evgen Pharma PLC (J) SME Credit Realisation Fund Ltd (J) Filtronic PLC Vintana PLC (J) SQN Asset Finance Income Fund Ltd (J) Workspace Group PLC (J) Zambeef Products PLC (J) FireAngel Safety Technology Group PLC (J) Standard Life Inv.s Property Income Trust Ltd (J) genedrive PLC (J) Stanley Gibbons Group (The) PLC (J) Zanaga Iron Ore Company Ltd (J) Zenith Energy Ltd (J) Glanbia PLC (J) Starwood European Real Estate Finance Ltd (J) Golden Rock Global PLC (J) MILLS & REEVE LLP Third Point Offshore Investors Ltd (J) Headlam Group PLC 24 King William Street UK Commercial Property REIT Ltd (J) Hunters Property PLC (J) London Volta Finance Ltd (J) IDOX PLC (J) Weiss Korea Opportunity Fund Ltd (J) OBH PARTNERS EC4R 9AT IMI PLC (J) Worsley Investors Ltd (J) 17 Pembroke Street Upper T: +44 (0)20 7648 9220 Induction Healthcare Group PLC WPP PLC (J) Dublin 2 International Personal Finance PLC (J) Yellow Cake PLC (J) D02 AT22 Iomart Group PLC (J) T: +353 (0)1 775 5600 IP Group PLC Jersey Oil and Gas PLC MISHCON DE REYA Kier Group PLC (J) Africa House Kromek Group PLC (J) 70 Kingsway Lansdowne Oil & Gas PLC (J) OGIER London Legal & General Group PLC (J) Ogier House London & Associated Properties PLC (J) WC2B 6AH NORTON ROSE FULBRIGHT LLP 44 Esplanade LoopUp Group PLC (J) T: +44 (0)20 3321 7000 3 More London Riverside St Helier LSL Property Services PLC (J) London Marechale Capital PLC SE1 2AQ Jersey Marshalls PLC (J) T: +44 (0)20 7283 6000 T: +44 (0)1534 504 000 Marston's PLC (J) MJ HUDSON F: +44 (0)20 7283 6500 Minoan Group PLC 2nd Floor MITIE Group PLC (J) www.nortonrosefulbright.com Morgan Sindall Group PLC (J) Hilgrove House OSBORNE CLARKE Motorpoint Group PLC 10 Hilgrove Street AA PLC (J) One London Wall NAHL Group PLC (J) St Helier Aberdeen New India Investment Trust PLC (J) Parity Group PLC Aberdeen Standard Equity Income Trust PLC (J) London Jersey Pearson PLC (J) Alpha Real Trust Ltd (J) EC2Y 5EB T: +44 (0)1534 712 900 Pebble Beach Systems Group PLC Amedeo Air Four Plus Ltd (J) T: +44 (0)20 7105 7004 Petro Matad Ltd (J) Amur Minerals Corporation (J) Portmeirion Group PLC (J) Anglo Pacific Group PLC (J) RDI REIT PLC (J) Avocet Mining PLC (J) Regal Petroleum PLC (J) MORGAN, LEWIS & BOCKIUS UK LLP Baker Steel Resources Trust Ltd (J) Rightmove PLC (J) Bankers Investment Trust PLC PAUL, WEISS, RIFKIND, WHARTON & Condor House GARRISON Rockhopper Exploration PLC (J) 5-10 St. Paul's Churchyard BlackRock Latin American Investment Trust PLC RockRose Energy PLC (J) Bluefield Solar Income Fund Ltd (J) Alder Castle London Rotala PLC (J) BP PLC (J) 10 Noble Street Safestyle UK PLC (J) EC4M 8AL Capital Gearing Trust PLC (J) London Sage Group (The) PLC (J) T: +44 (0)20 3201 5000 Centamin PLC (J) Seneca Growth Capital VCT PLC (J) Charles Stanley Group PLC EC2V 7JU T: +44 (0)20 7367 1600 Shanta Gold Ltd (J) Civitas Social Housing PLC SIG PLC (J) Clarkson PLC (J) Smith & Nephew PLC (J) Coca-Cola HBC AG (J) Solo Oil PLC (J) Crest Nicholson Holdings PLC (J) Speedy Hire PLC (J) Crystal Amber Fund Ltd (J) Springfield Properties PLC (J) Danakali Ltd (J) Star Phoenix Group Ltd (J) Dart Group PLC (J) Sterling Energy PLC (J) Direct Line Insurance Group PLC (J) Surgical Innovations Group PLC (J) Domino's Pizza Group PLC (J) Synthomer PLC (J)

82 Corporate Advisers Rankings Guide 83 LAW FIRMS

Thalassa Holdings Ltd (J) SKADDEN, ARPS, SLATE, MEAGHER Ocean Wilsons Holdings Ltd Thorpe (F.W.) PLC (J) & FLOM Old Mutual Ltd (J) Trinity Exploration & Production PLC (J) 40 Bank Street OneSavings Bank PLC Tyman PLC Paragon Banking Group PLC Canary Wharf UDG Healthcare PLC (J) Premier Foods PLC (J) TRAVERS SMITH LLP London ValiRx PLC (J) Premier Oil PLC 10 Snow Hill Wentworth Resources PLC (J) E14 5DS Prudential PLC (J) London Whitbread PLC (J) T: +44 (0)20 7519 7000 Reckitt Benckiser Group PLC (J) Wincanton PLC (J) Redrow PLC EC1A 2AL Wishbone Gold PLC (J) Restaurant Group (The) PLC (J) T: +44 (0)20 7295 3000 XLMedia PLC (J) Rightmove PLC (J) F: +44 (0)20 7295 3500 Rolls-Royce Holdings PLC (J) www.traverssmith.com Rotork PLC (J) Royal Mail PLC (J) REED SMITH RSA Insurance Group PLC (J) Alternative Income REIT PLC (J) SLAUGHTER AND MAY Ashtead Group PLC (J) The Broadgate Tower Schroder AsiaPacific Fund PLC One Bunhill Row Schroder Income Growth Fund PLC Auto Trader Group PLC (J) 20 Primrose Street London Schroder Japan Growth Fund PLC Benchmark Holdings PLC London EC1Y 8YY Schroders PLC Breedon Group PLC (J) EC2A 2RS T: +44 (0)20 7600 1200 Segro PLC Brewin Dolphin Holdings PLC Camellia PLC T: +44 (0)20 3116 3000 F: +44 (0)20 7090 5000 Senior PLC Signature Aviation PLC (J) Cenkos Securities PLC (J) www.slaughterandmay.com Smith (DS) PLC CLS Holdings PLC South32 Ltd (J) Distribution Finance Capital Holdings PLC 3i Group PLC Spectris PLC (J) EIH PLC (J) REYNOLDS PORTER CHAMBERLAIN 4imprint Group PLC Standard Chartered PLC (J) Essentra PLC (J) LLP Accsys Technologies PLC (J) Standard Life Aberdeen PLC (J) finnCap Group PLC Tower Bridge House Aggreko PLC (J) Stock Spirits Group PLC Fresnillo PLC (J) St Katharine's Way Aquis Exchange PLC Taylor Wimpey PLC Fundsmith Emerging Equities Trust PLC (J) Arrow Global Group PLC (J) London Telecom Plus PLC (J) Gresham House PLC (J) Ascential PLC TR Property Investment Trust PLC Hostelworld Group PLC (J) E1W 1AA Ashmore Global Opportunities Ltd (J) Ultra Electronics Holdings PLC (J) Hydrogen Group PLC (J) T: +44 (0)20 3060 6000 Ashmore Group PLC (J) United Utilities Group PLC Impact Healthcare REIT PLC ASOS PLC (J) Victrex PLC (J) JPEL Private Equity Ltd (J) Atlas Mara Ltd (J) Vitec Group (The) PLC (J) Livermore Investments Group Ltd Aviva PLC (J) Watches of Switzerland Group PLC (J) LMS Capital PLC ROSENBLATT SOLICITORS Baillie Gifford UK Growth Fund PLC Whitbread PLC (J) Marwyn Value Investors Ltd (J) 9-13 St Andrew Street Baring Emerging Europe PLC William Hill PLC (J) MaxCyte, Inc. (J) Barratt Developments PLC McColl's Retail Group PLC London Wood Group (John) PLC Bellway PLC (J) Workspace Group PLC (J) Mears Group PLC (J) EC4A 3AF BHP Group PLC (J) WPP PLC (J) Merian Chrysalis Investment Company Ltd (J) T: +44 (0)20 7955 0880 Big Yellow Group PLC (J) Young & Co's Brewery PLC (J) Micro Focus International PLC Bloomsbury Publishing PLC (J) Origo Partners PLC British American Tobacco PLC (J) Pathfinder Minerals PLC (J) Bunzl PLC (J) Pets at Home Group PLC (J) SHAKESPEARE MARTINEAU LLP Burberry Group PLC SQUIRE PATTON BOGGS Polypipe Group PLC Carillion PLC Porvair PLC 60 Gracechurch Street Carnival PLC (J) 7 Devonshire Square RDL Realisation PLC (J) London Centrica PLC (J) London Record PLC (J) EC3V 0HR Cineworld Group PLC (J) EC2M 4YH S4 Capital PLC T: +44 (0)20 7264 4444 Close Brothers Group PLC T: +44 (0)20 7655 1000 Safestore Holdings PLC (J) Coats Group PLC (J) Smithson Investment Trust PLC Coca-Cola European Partners PLC (J) SSP Group PLC (J) ContourGlobal PLC (J) TruFin PLC (J) Costain Group PLC SHEPHERD AND WEDDERBURN Volex PLC (J) Countrywide PLC (J) STEPHENSON HARWOOD Wameja Ltd 1 Exchange Crescent CPPGroup PLC (J) 1 Finsbury Circus Zegona Communications PLC (J) Conference Square De La Rue PLC (J) London Edinburgh Derwent London PLC EC2M 7SH EH3 8UL Diageo PLC (J) T: +44 (0)20 7329 4422 Dialight PLC (J) TROWERS & HAMLINS LLP T: +44 (0)131 228 9900 Direct Line Insurance Group PLC (J) Domino's Pizza Group PLC (J) 3 Bunhill Row Drax Group PLC London Essentra PLC (J) STIKEMAN ELLIOTT LLP EC1Y 8YZ SHOOSMITHS FirstGroup PLC (J) Dauntsey House T: +44 (0)20 7423 8000 The HQ Building Genel Energy PLC (J) 4B Frederick's Place Old Granada Studios GlaxoSmithKline PLC (J) London Glenveagh Properties PLC (J) 2 Atherton Street EC2R 8AB GoCo Group PLC WALKER MORRIS LLP Manchester GVC Holdings PLC (J) T: +44 (0)20 7367 0150 M3 3GS Hays PLC 33 Wellington Street T: +44 (0)370 086 5600 Henderson High Income Trust PLC (J) Leeds Henderson Opportunities Trust PLC (J) LS1 4Dl Henderson Smaller Companies Inv. Trust PLC (J) SULLIVAN & CROMWELL LLP T: +44 (0)113 283 2500 Hikma Pharmaceuticals PLC (J) 1 New Fetter Lane SIMMONS & SIMMONS HomeServe PLC Honeycomb Investment Trust PLC London CityPoint Inchcape PLC (J) EC4A 1AN 1 Ropemaker Street Indivior PLC (J) T: +44 (0)20 7959 8900 WALKERS London Intermediate Capital Group PLC (J) 6 Gracechurch Street EC2Y 9SS International Consolidated Airlines Group S.A. (J) London International Personal Finance PLC (J) T: +44 (0)20 7628 2020 EC3V 0AT ITV PLC (J) TAYLOR WESSING LLP T: +44 (0)20 7220 4999 IWG PLC (J) 5 New Street Square JPMorgan Elect PLC (J) Kosmos Energy Ltd (J) London SIMPSON THACHER & BARTLETT LLP Land Securities Group PLC (J) EC4A 3TW CityPoint Legal & General Group PLC (J) T: +44 (0)20 7300 7000 1 Ropemaker Street Lowland Investment Company PLC (J) London M&G PLC (J) Marks and Spencer Group PLC (J) EC2Y 9HU McKay Securities PLC T: +44 (0)20 7275 6500 Mediclinic International PLC (J) Morgan Advanced Materials PLC (J) Morgan Sindall Group PLC (J) Mothercare PLC (J) Next PLC (J) Non-Standard Finance PLC (J) Ocado Group PLC

84 Corporate Advisers Rankings Guide 85 LAW FIRMS

WARD HADAWAY Sandgate House 102 Quayside Newcastle NE1 3DX T: +44 (0)191 204 4000

WATSON FARLEY & WILLIAMS LLP 15 Appold Street London EC2A 2HB T: +44 (0)20 7814 8000

WEDLAKE BELL 52 Bedford Row London WC1R 4LR T: +44 (0)20 7395 3000

WEIL, GOTSHAL & MANGES 110 Fetter Lane London EC4A 1AY T: +44 (0)20 7903 1000

WHITE & CASE LLP 5 Old Broad Street London EC2N 1DW T: +44 (0)20 7532 1000

WILLIAM FRY 2 Grand Canal Square Grand Canal Dock Dublin 2 T: +353 (0)1 639 5000

WILMER CUTLER PICKERING HALE AND DORR LLP 49 Park Lane London W1K 1PS T: +44 (0)20 7872 1000

WOMBLE BOND DICKINSON (UK) LLP 4 More London Riverside London SE1 2AU T: +44 (0)345 415 0000

WRIGHT JOHNSTON & MACKENZIE 302 St Vincent Street Glasgow G2 5RZ T: +44 (0)141 248 3434

84 Corporate Advisers Rankings Guide 85 LAW FIRMS

FTSE 100 Number of clients Client Market Cap (£M) RANK LAW FIRM MAY ‘20 FEB ‘20 RANK LAW FIRM MAY ‘20 FEB ‘20 1 (1) - SLAUGHTER AND MAY 34 (33) 1 (1) LINKLATERS 641,270 (805,682) 2 (2) - LINKLATERS 25 (25) 2 (2) FRESHFIELDS BRUCKHAUS DERINGER 524,780 (620,070) 3 (3) - FRESHFIELDS BRUCKHAUS DERINGER 24 (24) 3 (3) SLAUGHTER AND MAY 490,293 (585,668) 4 (3) ▼ ALLEN & OVERY 22 (24) 4 (4) ALLEN & OVERY 417,077 (528,380) 5 (5) - HERBERT SMITH FREEHILLS 17 (17) 5 (5) HERBERT SMITH FREEHILLS 341,228 (417,599) 6 (6) - CLIFFORD CHANCE 15 (13) 6 (6) CLIFFORD CHANCE 315,131 (393,369) 7 (7) - ASHURST 10 (9) 7 (7) NORTON ROSE FULBRIGHT 191,611 (249,994) 8 (7) ▼ EVERSHEDS SUTHERLAND 9 (9) 8 (8) CMS 152,973 (206,088) 9 (9) - CMS 8 (8) 9 (9) ADDLESHAW GODDARD 137,660 (167,268) 9 (9) - PINSENT MASONS 8 (8) 10 (10) PINSENT MASONS 115,060 (156,948) 11 (9) ▼ ADDLESHAW GODDARD 7 (8) 11 (12) HOGAN LOVELLS INTERNATIONAL 109,903 (123,892) 12 (12) - DLA PIPER 5 (5) 12 (11) EVERSHEDS SUTHERLAND 105,248 (132,323) 13 (13) - HOGAN LOVELLS INTERNATIONAL 4 (4) 13 (13) SULLIVAN & CROMWELL 100,235 (115,509) 13 (13) - NORTON ROSE FULBRIGHT 4 (4) 14 (14) DLA PIPER 92,499 (106,071) 15 (15) - BAKER MCKENZIE 3 (3) 15 (16) ASHURST 84,599 (100,995) 15 (15) - MAYER BROWN INTERNATIONAL 3 (3) 16 - BAKER MCKENZIE 83,182 - 15 (15) - MOURANT 3 (3) 17 - CRAVATH, SWAINE & MOORE 71,797 - 15 (15) - SULLIVAN & CROMWELL 3 (3) 18 (15) SIMMONS & SIMMONS 71,617 (101,679) 15 - ▲ TRAVERS SMITH 3 - 19 (17) CLYDE & CO 65,254 (92,497)

SLAUGHTER AND MAY ALLEN & OVERY One Bunhill Row LINKLATERS One Bishops Square London One Silk Street London EC1Y 8YY London E1 6AD HERBERT SMITH FREEHILLS LLP T: +44 (0)20 7600 1200 EC2Y 8HQ T: +44 (0)20 3088 0000 Exchange House F: +44 (0)20 7090 5000 T: +44 (0)20 7456 2000 F: +44 (0)20 3088 0088 Primrose Street www.slaughterandmay.com F: +44 (0)20 7456 2222 www.allenovery.com EC2A 2EG www.linklaters.com T: +44 (0)20 7374 8000 3i Group PLC Associated British Foods PLC (J) F: +44 (0)20 7374 0888 Aviva PLC (J) Anglo American PLC (J) Aviva PLC (J) www.herbertsmithfreehills.com Barratt Developments PLC BAE Systems PLC (J) BAE Systems PLC (J) BHP Group PLC (J) Barclays PLC (J) BT Group PLC (J) Anglo American PLC (J) British American Tobacco PLC (J) BP PLC (J) Ferguson PLC (J) Associated British Foods PLC (J) Bunzl PLC (J) British American Tobacco PLC (J) GlaxoSmithKline PLC (J) BAE Systems PLC (J) Burberry Group PLC Centrica PLC (J) HSBC Holdings PLC (J) Berkeley Group Holdings (The) PLC Carnival PLC (J) CRH PLC (J) Imperial Brands PLC (J) BHP Group PLC (J) Centrica PLC (J) EVRAZ PLC Intertek Group PLC BP PLC (J) Diageo PLC (J) Experian PLC (J) Lloyds Banking Group PLC (J) British American Tobacco PLC (J) GlaxoSmithKline PLC (J) Fresnillo PLC (J) Morrison (Wm) Supermarkets PLC (J) British Land Company PLC (J) Hikma Pharmaceuticals PLC (J) Glencore PLC (J) Next PLC (J) Coca-Cola HBC AG (J) Intermediate Capital Group PLC (J) HSBC Holdings PLC (J) Pennon Group PLC Johnson Matthey PLC International Consolidated Airlines Group S.A. (J) Lloyds Banking Group PLC (J) Rio Tinto PLC (J) National Grid PLC (J) ITV PLC (J) M&G PLC (J) Royal Bank of Scotland Group (The) PLC (J) Next PLC (J) Land Securities Group PLC (J) Mondi PLC (J) RSA Insurance Group PLC (J) Pearson PLC (J) Legal & General Group PLC (J) National Grid PLC (J) Sage Group (The) PLC (J) Rightmove PLC (J) M&G PLC (J) Prudential PLC (J) Severn Trent PLC (J) Rio Tinto PLC (J) Next PLC (J) Reckitt Benckiser Group PLC (J) Smiths Group PLC (J) Severn Trent PLC (J) Ocado Group PLC Rio Tinto PLC (J) Spirax-Sarco Engineering PLC (J) St James's Place PLC (J) Prudential PLC (J) Royal Bank of Scotland Group (The) PLC (J) Tesco PLC (J) Reckitt Benckiser Group PLC (J) RSA Insurance Group PLC (J) WPP PLC (J) Rightmove PLC (J) Sainsbury (J) PLC Rolls-Royce Holdings PLC (J) Smiths Group PLC (J) RSA Insurance Group PLC (J) Unilever PLC (J) Schroders PLC Vodafone Group PLC Segro PLC Smith (DS) PLC Standard Chartered PLC (J) CLIFFORD CHANCE Standard Life Aberdeen PLC (J) FRESHFIELDS BRUCKHAUS DERINGER 10 Upper Bank Street Taylor Wimpey PLC 65 Fleet Street London United Utilities Group PLC London E14 5JJ Whitbread PLC (J) EC4Y 1HS T: +44 (0)20 7006 1000 WPP PLC (J) T: +44 (0)20 7936 4000 F: +44 (0)20 7006 5555 www.cliffordchance.com

Admiral Group PLC Antofagasta PLC Barclays PLC (J) easyJet PLC (J) GlaxoSmithKline PLC (J) Glencore PLC (J) HSBC Holdings PLC (J)

86 Corporate Advisers Rankings Guide 87 LAW FIRMS

Informa PLC (J) ADDLESHAW GODDARD LLP Intermediate Capital Group PLC (J) Milton Gate ITV PLC (J) 60 Chiswell Street Legal & General Group PLC (J) London Meggitt PLC TRAVERS SMITH LLP FIELDFISHER EC1Y 4AG Standard Chartered PLC (J) 10 Snow Hill Riverbank House Standard Life Aberdeen PLC (J) T: +44 (0)20 7606 8855 London 2 Swan Lane Unilever PLC (J) EC1A 2AL London T: +44 (0)20 7295 3000 EC4R 3TT DLA PIPER LLP F: +44 (0)20 7295 3500 T: +44 (0)20 7861 4000 www.fieldfisher.com ASHURST 160 Aldersgate Street www.traverssmith.com London London Fruit & Wool Exchange BP PLC (J) 1 Duval Square EC1A 4HT Ashtead Group PLC (J) Auto Trader Group PLC (J) London T: +44 (0)8700 111 111 Fresnillo PLC (J) E1 6PW T: +44 (0)20 7638 1111 HOGAN LOVELLS INTERNATIONAL LLP Atlantic House EVERSHEDS SUTHERLAND LLP 50 Holborn Viaduct 1 Wood Street London London EC1A 2FG CAREY OLSEN EC2V 7WS T: +44 (0)20 7296 2000 P.O. Box 98, Carey House T: +44 (0)20 7919 4500 Les Banques St. Peter Port GY1 4BZ T: +44 (0)1481 727 272 F: +44 (0)1481 711 052 NORTON ROSE FULBRIGHT LLP www.careyolsen.com 3 More London Riverside 47 Esplanade London St. Helier SE1 2AQ Jersey T: +44 (0)20 7283 6000 CMS JE1 0BD F: +44 (0)20 7283 6500 Cannon Place T: +44 (0)1534 888 900 www.nortonrosefulbright.com 78 Cannon Street F: +44 (0)1534 887 744 www.careyolsen.com London BP PLC (J) EC4N 6AF Coca-Cola HBC AG (J) Forum St Paul’s T: +44 (0)20 7367 3000 HSBC Holdings PLC (J) F: +44 (0)20 7367 2000 National Grid PLC (J) 33 Gutter Lane London www.cms-cmno.com EC2V 8AS T: +44 (0)20 7614 5610 BP PLC (J) BT Group PLC (J) BAKER MCKENZIE LLP www.careyolsen.com Halma PLC 100 New Bridge Street Ferguson PLC (J) ITV PLC (J) London Polymetal International PLC (J) Land Securities Group PLC (J) EC4V 6JA National Grid PLC (J) T: +44 (0)20 7919 1000 Royal Bank of Scotland Group (The) PLC (J) SSE PLC (J) SULLIVAN & CROMWELL LLP 1 New Fetter Lane London EC4A 1AN DENTONS UK AND MIDDLE EAST LLP T: +44 (0)20 7959 8900 One Fleet Place London EC4M 7WS T: +44 (0)20 7242 1212 PINSENT MASONS LLP F: +44 (0)20 7246 7777 30 Crown Place www.dentons.com Earl Street Rentokil Initial PLC London EC2A 4ES T: +44 (0)20 7418 7000 F: +44 (0)20 7418 7050 www.pinsentmasons.com DICKSON MINTO W.S BP PLC (J) DCC PLC (J) Broadgate Tower Legal & General Group PLC (J) 20 Primrose Street Pearson PLC (J) London Rightmove PLC (J) EC2A 2EW Sage Group (The) PLC (J) T: +44 (0)20 7628 4455 Smith & Nephew PLC (J) F: +44 (0)20 7628 0027 Whitbread PLC (J) www.dicksonminto.com

86 Corporate Advisers Rankings Guide 87 LAW FIRMS

FTSE 250 Number of clients Client Market Cap (£M) RANK LAW FIRM MAY ‘20 FEB ‘20 RANK LAW FIRM MAY ‘20 FEB ‘20 1 (1) - SLAUGHTER AND MAY 43 (45) 1 (1) SLAUGHTER AND MAY 66,946 (101,279) 2 (2) - HERBERT SMITH FREEHILLS 34 (33) 2 (2) HERBERT SMITH FREEHILLS 48,231 (65,276) 3 (3) - LINKLATERS 29 (29) 3 (3) ALLEN & OVERY 44,941 (64,128) 4 (4) - ALLEN & OVERY 25 (26) 4 (4) LINKLATERS 43,094 (61,597) 4 (5) ▲ DICKSON MINTO W.S 25 (25) 5 (5) FRESHFIELDS BRUCKHAUS DERINGER 35,320 (45,753) 4 (6) ▲ FRESHFIELDS BRUCKHAUS DERINGER 25 (24) 6 (7) NORTON ROSE FULBRIGHT 28,079 (34,115) 7 (8) ▲ NORTON ROSE FULBRIGHT 18 (18) 7 (6) CMS 25,407 (35,244) 8 (9) ▲ CAREY OLSEN 16 (16) 8 (9) DICKSON MINTO W.S 23,339 (28,943) 8 (7) ▼ CMS 16 (20) 9 (11) CAREY OLSEN 20,387 (23,500) 10 (10) - CLIFFORD CHANCE 14 (14) 10 (8) CLIFFORD CHANCE 20,379 (33,166) 10 (11) ▲ EVERSHEDS SUTHERLAND 14 (13) 11 (12) PINSENT MASONS 17,567 (22,253) 12 (12) - PINSENT MASONS 12 (12) 12 (17) ADDLESHAW GODDARD 17,031 (17,563) 13 (14) ▲ ADDLESHAW GODDARD 11 (10) 13 (14) EVERSHEDS SUTHERLAND 16,993 (19,690) 14 (14) - ASHURST 10 (10) 14 (15) MOURANT 13,764 (18,676) 15 (17) ▲ GOWLING WLG (UK) 9 (8) 15 (16) OSBORNE CLARKE 13,198 (18,174) 15 (14) ▼ MOURANT 9 (10) 16 (13) ASHURST 12,753 (20,921) 15 (17) ▲ OSBORNE CLARKE 9 (8) 17 (10) TRAVERS SMITH 10,825 (23,687) 15 (12) ▼ TRAVERS SMITH 9 (12) 18 - WOMBLE BOND DICKINSON (UK) 10,324 - 19 (20) ▲ DLA PIPER 8 (7) 19 (21) HOGAN LOVELLS INTERNATIONAL 9,967 (10,243) 20 (17) ▼ SQUIRE PATTON BOGGS 7 (8) 20 (18) GOWLING WLG (UK) 9,049 (11,732) 20 (20) - STEPHENSON HARWOOD 7 (7) 21 - MACFARLANES 8,152 -

William Hill PLC (J) Weir Group PLC (J) Wood Group (John) PLC WH Smith PLC (J) SLAUGHTER AND MAY Workspace Group PLC (J) Witan Investment Trust PLC (J) ALLEN & OVERY One Bunhill Row One Bishops Square London London EC1Y 8YY E1 6AD T: +44 (0)20 7600 1200 T: +44 (0)20 3088 0000 F: +44 (0)20 7090 5000 F: +44 (0)20 3088 0088 www.slaughterandmay.com LINKLATERS www.allenovery.com One Silk Street 4imprint Group PLC London 3i Infrastructure PLC (J) Aggreko PLC (J) HERBERT SMITH FREEHILLS LLP Balfour Beatty PLC (J) EC2Y 8HQ Ascential PLC Exchange House Capita PLC (J) Ashmore Group PLC (J) Primrose Street T: +44 (0)20 7456 2000 Direct Line Insurance Group PLC (J) Bellway PLC (J) EC2A 2EG F: +44 (0)20 7456 2222 Dunelm Group PLC Big Yellow Group PLC (J) T: +44 (0)20 7374 8000 www.linklaters.com Electrocomponents PLC Cineworld Group PLC (J) F: +44 (0)20 7374 0888 Fisher (James) & Sons PLC Close Brothers Group PLC www.herbertsmithfreehills.com Aggreko PLC (J) Grafton Group PLC (J) Coats Group PLC (J) Alliance Trust PLC (J) Great Portland Estates PLC (J) ContourGlobal PLC (J) Hiscox Ltd (J) Airtel Africa PLC (J) Balfour Beatty PLC (J) Derwent London PLC Ibstock PLC Apax Global Alpha Ltd (J) Biffa PLC Direct Line Insurance Group PLC (J) IMI PLC (J) BlackRock World Mining Trust PLC (J) Britvic PLC (J) Domino's Pizza Group PLC (J) IWG PLC (J) Bodycote PLC (J) Capita PLC (J) Drax Group PLC Kingfisher PLC (J) Capita PLC (J) Capital & Counties Properties PLC (J) Essentra PLC (J) Man Group PLC (J) Coats Group PLC (J) Computacenter PLC FirstGroup PLC (J) Marks and Spencer Group PLC (J) Elementis PLC (J) Countryside Properties PLC (J) GVC Holdings PLC (J) McCarthy & Stone PLC Ferrexpo PLC Dixons Carphone PLC (J) Hays PLC Network International Holdings PLC (J) G4S PLC (J) G4S PLC (J) Henderson Smaller Companies Inv. Trust PLC (J) Provident Financial PLC (J) Genus PLC (J) Helios Towers PLC HomeServe PLC Quilter PLC Hammerson PLC Hochschild Mining PLC (J) Inchcape PLC (J) Rotork PLC (J) Harbourvest Global Private Equity Ltd IG Group Holdings PLC IWG PLC (J) TP ICAP PLC (J) Hipgnosis Songs Fund Ltd (J) Investec PLC Marks and Spencer Group PLC (J) TUI AG Hiscox Ltd (J) JPMorgan Indian Investment Trust PLC (J) Mediclinic International PLC (J) Virgin Money UK PLC (J) Impax Environmental Markets PLC (J) JPMorgan Japanese Investment Trust PLC (J) Morgan Advanced Materials PLC (J) WH Smith PLC (J) Inchcape PLC (J) KAZ Minerals PLC Morgan Sindall Group PLC (J) JPMorgan American Investment Trust PLC (J) Ninety One PLC OneSavings Bank PLC Man Group PLC (J) Petrofac Ltd (J) Paragon Banking Group PLC Marshalls PLC (J) RHI Magnesita N.V. (J) Redrow PLC Mercantile Investment Trust (The) PLC (J) RIT Capital Partners PLC Rotork PLC (J) Moneysupermarket.com Group PLC (J) Serco Group PLC (J) Royal Mail PLC (J) PageGroup PLC Spirent Communications PLC Schroder AsiaPacific Fund PLC DICKSON MINTO W.S Pershing Square Holdings Ltd (J) Tate & Lyle PLC (J) Senior PLC Broadgate Tower Polar Capital Technology Trust PLC Travis Perkins PLC (J) Signature Aviation PLC (J) 20 Primrose Street Provident Financial PLC (J) Vesuvius PLC Spectris PLC (J) Royal Mail PLC (J) Vistry Group PLC (J) London Telecom Plus PLC (J) Stagecoach Group PLC (J) William Hill PLC (J) EC2A 2EW TR Property Investment Trust PLC Synthomer PLC (J) T: +44 (0)20 7628 4455 Ultra Electronics Holdings PLC (J) TP ICAP PLC (J) F: +44 (0)20 7628 0027 Victrex PLC (J) Travis Perkins PLC (J) Watches of Switzerland Group PLC (J) www.dicksonminto.com UNITE Group PLC (J)

88 Corporate Advisers Rankings Guide 89 LAW FIRMS

FRESHFIELDS BRUCKHAUS DERINGER 65 Fleet Street London EC4Y 1HS T: +44 (0)20 7936 4000 DENTONS UK AND MIDDLE EAST LLP One Fleet Place CMS PINSENT MASONS LLP London Cannon Place 30 Crown Place EC4M 7WS 78 Cannon Street Earl Street T: +44 (0)20 7242 1212 London London F: +44 (0)20 7246 7777 EC4N 6AF EC2A 4ES www.dentons.com NORTON ROSE FULBRIGHT LLP T: +44 (0)20 7367 3000 T: +44 (0)20 7418 7000 3 More London Riverside F: +44 (0)20 7367 2000 F: +44 (0)20 7418 7050 Bank of Georgia Group PLC (J) London www.cms-cmno.com www.pinsentmasons.com Edinburgh Investment Trust (The) PLC SE1 2AQ Stagecoach Group PLC (J) Ultra Electronics Holdings PLC (J) T: +44 (0)20 7283 6000 Big Yellow Group PLC (J) AJ Bell PLC Weir Group PLC (J) F: +44 (0)20 7283 6500 Cairn Energy PLC (J) Babcock International Group PLC (J) Wizz Air Holdings PLC (J) www.nortonrosefulbright.com Cineworld Group PLC (J) Cairn Energy PLC (J) Euromoney Institutional Investor PLC (J) Countryside Properties PLC (J) Bankers Investment Trust PLC Great Portland Estates PLC (J) Direct Line Insurance Group PLC (J) Centamin PLC (J) GVC Holdings PLC (J) IMI PLC (J) Clarkson PLC (J) Hyve Group PLC (J) IP Group PLC Crest Nicholson Holdings PLC (J) LondonMetric Property PLC (J) Marshalls PLC (J) Direct Line Insurance Group PLC (J) Primary Health Properties PLC (J) Marston's PLC (J) Domino's Pizza Group PLC (J) Sabre Insurance Group PLC (J) Morgan Sindall Group PLC (J) FIELDFISHER F&C Investment Trust PLC Savills PLC Synthomer PLC (J) Future PLC (J) Sequoia Economic Infrastructure Inc. Fund Ltd (J) UDG Healthcare PLC (J) Riverbank House Grafton Group PLC (J) Telecom Plus PLC (J) 2 Swan Lane Greencoat UK Wind PLC Templeton Emerging Markets Inv. Trust PLC London ICG Enterprise Trust PLC TP ICAP PLC (J) EC4R 3TT IMI PLC (J) UNITE Group PLC (J) T: +44 (0)20 7861 4000 JPMorgan Indian Investment Trust PLC (J) www.fieldfisher.com PPHE Hotel Group Ltd (J) Renewables Infrastructure Group (The) Ltd (J) Marks and Spencer Group PLC (J) Renishaw PLC (J) Sirius Real Estate Ltd (J) 4 More London Riverside Workspace Group PLC (J) London SE1 2AU CLIFFORD CHANCE 10 Upper Bank Street Two Snowhill London Birmingham HILL DICKINSON E14 5JJ B4 6WR The Broadgate Tower T: +44 (0)20 7006 1000 20 Primrose Street CAREY OLSEN F: +44 (0)20 7006 5555 T: +44 (0)870 903 1000 London P.O. Box 98, Carey House www.cliffordchance.com F: +44 (0)870 904 1099 EC2A 2EW Les Banques www.gowlingwlg.com T: +44 (0)20 7283 9033 St. Peter Port 3i Infrastructure PLC (J) F: +44 (0)20 7283 1144 GY1 4BZ Apax Global Alpha Ltd (J) GCP Student Living PLC www.hilldickinson.com T: +44 (0)1481 727 272 Ashmore Group PLC (J) Hill & Smith Holdings PLC (J) F: +44 (0)1481 711 052 B&M European Value Retail SA Marks and Spencer Group PLC (J) Genus PLC (J) www.careyolsen.com Babcock International Group PLC (J) Marston's PLC (J) Cineworld Group PLC (J) Primary Health Properties PLC (J) 47 Esplanade Gamesys Group PLC (J) QinetiQ Group PLC (J) St. Helier Jupiter Fund Management PLC St Modwen Properties PLC (J) Temple Bar Investment Trust PLC (J) Jersey Just Group PLC (J) Man Group PLC (J) VinaCapital Vietnam Opportunity Fund Ltd (J) JE1 0BD Provident Financial PLC (J) T: +44 (0)1534 888 900 Serco Group PLC (J) F: +44 (0)1534 887 744 TI Fluid Systems PLC (J) www.careyolsen.com Virgin Money UK PLC (J)

Forum St Paul’s 33 Gutter Lane London EVERSHEDS SUTHERLAND LLP TRAVERS SMITH LLP EC2V 8AS 1 Wood Street 10 Snow Hill T: +44 (0)20 7614 5610 London London www.careyolsen.com EC2V 7WS EC1A 2AL T: +44 (0)20 7919 4500 T: +44 (0)20 7295 3000 Apax Global Alpha Ltd (J) BMO Commercial Property Trust Ltd (J) F: +44 (0)20 7295 3500 GCP Infrastructure Investments Ltd (J) www.traverssmith.com HICL Infrastructure PLC (J) International Public Partnerships Ltd Brewin Dolphin Holdings PLC NextEnergy Solar Fund Ltd (J) CLS Holdings PLC Pershing Square Holdings Ltd (J) Essentra PLC (J) Petrofac Ltd (J) Micro Focus International PLC PPHE Hotel Group Ltd (J) Pets at Home Group PLC (J) Renewables Infrastructure Group (The) Ltd (J) Polypipe Group PLC Sanne Group PLC Safestore Holdings PLC (J) Schroder Oriental Income Fund Ltd (J) Smithson Investment Trust PLC Sirius Real Estate Ltd (J) SSP Group PLC (J) Syncona Ltd (J) VinaCapital Vietnam Opportunity Fund Ltd (J) Workspace Group PLC (J)

88 Corporate Advisers Rankings Guide 89 LAW FIRMS

FTSE Small Cap/Fledgling Number of clients Client Market Cap (£M) RANK LAW FIRM MAY ‘20 FEB ‘20 RANK LAW FIRM MAY ‘20 FEB ‘20 1 (1) - DICKSON MINTO W.S 62 (61) 1 (1) DICKSON MINTO W.S 14,911 (18,160) 2 (2) - HERBERT SMITH FREEHILLS 29 (29) 2 (3) CAREY OLSEN 6,273 (7,679) 2 (4) ▲ STEPHENSON HARWOOD 29 (28) 3 (2) HERBERT SMITH FREEHILLS 6,009 (8,539) 4 (2) ▼ CAREY OLSEN 28 (29) 4 (4) NORTON ROSE FULBRIGHT 5,861 (7,111) 5 (7) ▲ CMS 24 (20) 5 (9) STEPHENSON HARWOOD 4,363 (5,212) 6 (6) - NORTON ROSE FULBRIGHT 23 (23) 6 (5) SLAUGHTER AND MAY 4,281 (6,399) 6 (5) ▼ SLAUGHTER AND MAY 23 (24) 7 (11) GOWLING WLG (UK) 4,023 (4,322) 8 (7) ▼ GOWLING WLG (UK) 21 (20) 8 (12) CMS 3,619 (4,132) 9 (9) - LINKLATERS 19 (19) 9 (6) DLA PIPER 3,468 (6,127) 10 (10) - DENTONS UK AND MIDDLE EAST 18 (18) 10 (8) ASHURST 3,435 (5,486) 11 (10) ▼ DLA PIPER 17 (18) 11 (10) LINKLATERS 3,245 (5,018) 12 (12) - ASHURST 16 (17) 12 (15) DENTONS UK AND MIDDLE EAST 2,672 (3,892) 13 (13) - PINSENT MASONS 13 (16) 13 (7) PINSENT MASONS 2,628 (5,829) 14 (14) - EVERSHEDS SUTHERLAND 12 (13) 14 (18) MOURANT 2,502 (2,735) 15 (17) ▲ MOURANT 11 (10) 15 - COVINGTON & BURLING 2,440 - 15 (15) - TRAVERS SMITH 11 (12) 16 (16) SQUIRE PATTON BOGGS 2,317 (3,484) 17 - ▲ ALLEN & OVERY 10 - 17 (13) EVERSHEDS SUTHERLAND 2,296 (3,997) 17 (17) - CHARLES RUSSELL SPEECHLYS 10 (10) 18 (14) CLIFFORD CHANCE 2,182 (3,958) 17 (16) ▼ CLIFFORD CHANCE 10 (11) 19 - HOGAN LOVELLS INTERNATIONAL 2,064 - 17 (17) - SQUIRE PATTON BOGGS 10 (10) 20 - ALLEN & OVERY 2,056 -

SIG PLC (J) BMO Real Estate Investments Ltd (J) New Star Investment Trust PLC SME Credit Realisation Fund Ltd (J) Downing Strategic Micro-Cap Inv. Trust PLC (J) NewRiver REIT PLC (J) STV Group PLC (J) GCP Asset Backed Income Fund Ltd (J) Palace Capital PLC (J) TR European Growth Trust PLC Henderson Far East Income Ltd (J) Pendragon PLC (J) DICKSON MINTO W.S Wincanton PLC (J) Highbridge Tactical Credit Fund Ltd (J) RDI REIT PLC (J) Broadgate Tower Worsley Investors Ltd (J) ICG-Longbow Senior Secured UK Property Debt Invs Ltd (J) River and Mercantile UK Micro Cap Inv. Co. Ltd (J) 20 Primrose Street India Capital Growth Fund Ltd (J) Securities Trust of Scotland PLC London JTC PLC (J) SIG PLC (J) EC2A 2EW Macau Property Opportunities Fund Ltd (J) Sportech PLC (J) T: +44 (0)20 7628 4455 STEPHENSON HARWOOD NB Global Floating Rate Income Fund Ltd (J) SVM UK Emerging Fund PLC F: +44 (0)20 7628 0027 1 Finsbury Circus NB Private Equity Partners Ltd (J) Urban&Civic PLC Picton Property Income Ltd (J) Vectura Group PLC (J) www.dicksonminto.com London EC2M 7SH Raven Property Group Ltd (J) Real Estate Credit Investments Ltd (J) T: +44 (0)20 7329 4422 Regional REIT Ltd (J) River and Mercantile UK Micro Cap Inv. Co. Ltd (J) Riverstone Energy Ltd (J) Starwood European Real Estate Finance Ltd (J) TwentyFour Income Fund Ltd (J) NORTON ROSE FULBRIGHT LLP TwentyFour Select Monthly Income Fund Ltd (J) 3 More London Riverside VietNam Holding Ltd (J) London Worsley Investors Ltd (J) HERBERT SMITH FREEHILLS LLP CAREY OLSEN SE1 2AQ Exchange House P.O. Box 98, Carey House T: +44 (0)20 7283 6000 Primrose Street Les Banques F: +44 (0)20 7283 6500 EC2A 2EG St. Peter Port www.nortonrosefulbright.com T: +44 (0)20 7374 8000 GY1 4BZ F: +44 (0)20 7374 0888 T: +44 (0)1481 727 272 AA PLC (J) www.herbertsmithfreehills.com F: +44 (0)1481 711 052 Aberdeen New India Investment Trust PLC (J) www.careyolsen.com Aberdeen Standard Equity Income Trust PLC (J) AO World PLC (J) Baker Steel Resources Trust Ltd (J) Baillie Gifford US Growth Trust PLC 47 Esplanade BlackRock Latin American Investment Trust PLC BlackRock Greater Europe Investment Trust PLC St. Helier CMS Bluefield Solar Income Fund Ltd (J) Capital Gearing Trust PLC (J) Brunner Investment Trust (The) PLC (J) Jersey Cannon Place Civitas Social Housing PLC Connect Group PLC (J) JE1 0BD 78 Cannon Street CVC Credit Partners European Opportunities Ltd (J) Ecofin Global Utilities & Infrastructure Trust PLC T: +44 (0)1534 888 900 London De La Rue PLC (J) EC4N 6AF Invesco Income Growth Trust PLC Henderson European Focus Trust PLC (J) F: +44 (0)1534 887 744 JPMorgan Brazil Investment Trust PLC (J) www.careyolsen.com T: +44 (0)20 7367 3000 JPMorgan Global Emerging Markets Inc. Trust PLC (J) Highbridge Tactical Credit Fund Ltd (J) F: +44 (0)20 7367 2000 India Capital Growth Fund Ltd (J) JPMorgan Japan Smaller Companies Trust PLC (J) JKX Oil & Gas PLC (J) Forum St Paul’s www.cms-cmno.com JTC PLC (J) JPMorgan Asia Growth & Income PLC (J) 33 Gutter Lane Macau Property Opportunities Fund Ltd (J) Kin and Carta PLC London Aurora Investment Trust PLC (J) Montanaro UK Smaller Companies Inv. Trust PLC Menhaden PLC EC2V 8AS Blue Planet Investment Trust PLC Picton Property Income Ltd (J) Merchants Trust (The) PLC T: +44 (0)20 7614 5610 BMO Private Equity Trust PLC Reach PLC (J) Braemar Shipping Services PLC Residential Secure Income PLC NB Global Floating Rate Income Fund Ltd (J) www.careyolsen.com NB Private Equity Partners Ltd (J) Capital & Regional PLC (J) Starwood European Real Estate Finance Ltd (J) Polar Capital Global Financials Trust PLC Alcentra European Floating Rate Inc. Fund Ltd (J) Capital Drilling Ltd Utilico Emerging Markets Ltd (J) Polar Capital Global Healthcare Trust PLC Axiom European Financial Debt Fund Ltd Dunedin Enterprise Investment Trust PLC Volution Group PLC Real Estate Credit Investments Ltd (J) Better Capital PCC Ltd (J) Galliford Try Holdings PLC Witan Pacific Investment Trust PLC River and Mercantile Group PLC (J) BH Global Ltd (J) Hollywood Bowl Group PLC Saga PLC (J) BH Macro Ltd (J) Hunting PLC SDCL Energy Efficiency Income Trust PLC Bluefield Solar Income Fund Ltd (J) Luceco PLC (J) Macfarlane Group PLC (J)

90 Corporate Advisers Rankings Guide 91 LAW FIRMS

SLAUGHTER AND MAY ALLEN & OVERY One Bunhill Row LINKLATERS One Bishops Square London One Silk Street London EC1Y 8YY London E1 6AD T: +44 (0)20 7600 1200 EC2Y 8HQ PINSENT MASONS LLP T: +44 (0)20 3088 0000 F: +44 (0)20 7090 5000 T: +44 (0)20 7456 2000 30 Crown Place F: +44 (0)20 3088 0088 www.slaughterandmay.com F: +44 (0)20 7456 2222 Earl Street www.allenovery.com www.linklaters.com London Arrow Global Group PLC (J) EC2A 4ES 888 Holdings PLC (J) Baillie Gifford UK Growth Fund PLC Alcentra European Floating Rate Inc. Fund Ltd (J) T: +44 (0)20 7418 7000 DWF Group PLC (J) Baring Emerging Europe PLC ASA International Group PLC F: +44 (0)20 7418 7050 Electra Private Equity PLC (J) Carclo PLC (J) Bloomsbury Publishing PLC (J) www.pinsentmasons.com Gym Group (The) PLC Costain Group PLC Card Factory PLC JKX Oil & Gas PLC (J) Countrywide PLC (J) CMC Markets PLC JPMorgan Smaller Companies Inv. Trust PLC (J) Finablr PLC Brown (N) Group PLC (J) De La Rue PLC (J) Clipper Logistics PLC (J) North Atlantic Smaller Companies Inv. Trust PLC (J) Dialight PLC (J) Gem Diamonds Ltd SIG PLC (J) Gulf Marine Services PLC (J) Headlam Group PLC GoCo Group PLC International Personal Finance PLC (J) Triad Group PLC (J) Henderson High Income Trust PLC (J) Hansard Global PLC (J) TT Electronics PLC (J) Intu Properties PLC Kier Group PLC (J) Henderson Opportunities Trust PLC (J) LSL Property Services PLC (J) Indivior PLC (J) JPMorgan Asia Growth & Income PLC (J) JPMorgan China Growth & Income PLC (J) MITIE Group PLC (J) International Personal Finance PLC (J) Motorpoint Group PLC Lowland Investment Company PLC (J) JPMorgan Claverhouse Investment Trust PLC (J) CHARLES RUSSELL SPEECHLYS LLP JPMorgan European Investment Trust PLC (J) RDI REIT PLC (J) McKay Securities PLC SIG PLC (J) 5 Fleet Place Mothercare PLC (J) JPMorgan Global Growth & Income PLC (J) JPMorgan Mid Cap Investment Trust PLC (J) Speedy Hire PLC (J) London Premier Foods PLC (J) Tyman PLC EC4M 7RD Premier Oil PLC Kier Group PLC (J) Wincanton PLC (J) T: +44 (0)20 7203 5000 Restaurant Group (The) PLC (J) Metro Bank PLC Schroder Income Growth Fund PLC U and I Group PLC Schroder Japan Growth Fund PLC Stock Spirits Group PLC EVERSHEDS SUTHERLAND LLP Vitec Group (The) PLC (J) 1 Wood Street London EC2V 7WS T: +44 (0)20 7919 4500 CLIFFORD CHANCE DENTONS UK AND MIDDLE EAST LLP 10 Upper Bank Street One Fleet Place London London E14 5JJ EC4M 7WS T: +44 (0)20 7006 1000 4 More London Riverside T: +44 (0)20 7242 1212 F: +44 (0)20 7006 5555 London F: +44 (0)20 7246 7777 www.cliffordchance.com SE1 2AU www.dentons.com TRAVERS SMITH LLP 10 Snow Hill Devro PLC Two Snowhill Aberdeen Asian Income Fund Ltd (J) London DWF Group PLC (J) Birmingham Aberdeen Japan Investment Trust PLC EC1A 2AL Electra Private Equity PLC (J) B4 6WR Aberdeen New Dawn Investment Trust PLC French Connection Group PLC Aberdeen New India Investment Trust PLC (J) T: +44 (0)20 7295 3000 Halfords Group PLC F: +44 (0)20 7295 3500 T: +44 (0)870 903 1000 Aberdeen New Thai Investment Trust PLC Helical PLC (J) www.traverssmith.com F: +44 (0)870 904 1099 Aberdeen Smaller Companies Income Trust PLC Pharos Energy PLC www.gowlingwlg.com Aberdeen Standard Asia Focus PLC Ricardo PLC CQS Natural Resources Growth and Income PLC Alternative Income REIT PLC (J) Studio Retail Group PLC (J) Aberdeen Standard European Logistics Inc. PLC CQS New City High Yield Fund Ltd (J) Fundsmith Emerging Equities Trust PLC (J) Vectura Group PLC (J) AEW UK REIT PLC Downing Strategic Micro-Cap Inv. Trust PLC (J) Hostelworld Group PLC (J) Alternative Income REIT PLC (J) DP Eurasia N.V. (J) Impact Healthcare REIT PLC BlackRock Energy and Resources Inc. Trust PLC Georgia Capital PLC (J) LMS Capital PLC BlackRock Frontiers Investment Trust PLC (J) Jupiter US Smaller Companies PLC McColl's Retail Group PLC BlackRock North American Income Trust PLC Menzies (John) PLC (J) Mears Group PLC (J) Connect Group PLC (J) Photo-Me International PLC (J) Merian Chrysalis Investment Company Ltd (J) Empiric Student Property PLC Seneca Global Income & Growth Trust PLC (J) Porvair PLC Fundsmith Emerging Equities Trust PLC (J) Shires Income PLC RDL Realisation PLC (J) Gabelli Value Plus+ Trust PLC Standard Life Private Equity Trust PLC (J) Record PLC (J) GCP Asset Backed Income Fund Ltd (J) ICG-Longbow Senior Secured UK Property Debt Invs Ltd (J) International Biotechnology Trust PLC M&G Credit Income Investment Trust PLC DLA PIPER LLP Octopus Renewables Infrastructure Trust PLC (J) 160 Aldersgate Street Odyssean Investment Trust PLC London Premier Foods PLC (J) EC1A 4HT RM Secured Direct Lending PLC T: +44 (0)8700 111 111 Ruffer Investment Company Ltd (J) TOC Property Backed Lending Trust PLC TT Electronics PLC (J) ASHURST London Fruit & Wool Exchange 1 Duval Square London E1 6PW T: +44 (0)20 7638 1111

90 Corporate Advisers Rankings Guide 91 LAW FIRMS

SQUIRE PATTON BOGGS 7 Devonshire Square London EC2M 4YH T: +44 (0)20 7655 1000 DRUCES LLP MEMERY CRYSTAL Salisbury House 165 Fleet Street 29 Finsbury Circus London London EC4A 2DY EC2M 5PS T: +44 (0)20 7242 5905 T: +44 (0)20 7638 9271 F: +44 (0)20 7242 2058 HILL DICKINSON F: +44 (0)20 7628 7525 www.memerycrystal.com The Broadgate Tower www.druces.com Petra Diamonds Ltd (J) 20 Primrose Street London Athelney Trust PLC EC2A 2EW T: +44 (0)20 7283 9033 F: +44 (0)20 7283 1144 www.hilldickinson.com

Carr's Group PLC NewRiver REIT PLC (J) FIELDFISHER Stobart Group Ltd (J) Riverbank House UP Global Sourcing Holdings PLC 2 Swan Lane London EC4R 3TT T: +44 (0)20 7861 4000 www.fieldfisher.com

Moss Bros Group PLC (J)

FLADGATE LLP 16 Great Queen Street London WC2B 5DG T: +44 (0)20 3036 7000 F: +44 (0)20 3036 7600 www.fladgate.com

Associated British Engineering PLC (J) BATM Advanced Communications Ltd (J) Fuller, Smith & Turner PLC (J)

92 Corporate Advisers Rankings Guide 93 LAW FIRMS

Total AIM Clients Number of clients Client Market Cap (£M) RANK LAW FIRM MAY ‘20 FEB ‘20 RANK LAW FIRM MAY ‘20 FEB ‘20 1 (1) - PINSENT MASONS 52 (52) 1 (1) DLA PIPER 10,010 (9,469) 2 (3) ▲ FIELDFISHER 40 (39) 2 (3) GOWLING WLG (UK) 6,365 (6,915) 3 (2) ▼ GOWLING WLG (UK) 39 (41) 3 (4) CMS 5,988 (6,752) 4 (4) - CMS 35 (36) 4 (2) HERBERT SMITH FREEHILLS 5,267 (7,773) 5 (7) ▲ DLA PIPER 34 (32) 5 (7) OGIER 5,266 (5,271) 5 (5) - HILL DICKINSON 34 (34) 6 (8) DWF 4,651 (5,093) 7 (6) ▼ MEMERY CRYSTAL 32 (33) 7 (13) OSBORNE CLARKE 4,375 (4,333) 8 (8) - DWF 29 (29) 8 (9) PINSENT MASONS 4,356 (4,986) 9 (9) - EVERSHEDS SUTHERLAND 26 (26) 9 (10) EVERSHEDS SUTHERLAND 4,239 (4,853) 10 (10) - DENTONS UK AND MIDDLE EAST 24 (24) 10 (15) SQUIRE PATTON BOGGS 4,054 (4,081) 11 (11) - FLADGATE 23 (23) 11 (17) TLT 4,041 (3,638) 12 (14) ▲ CHARLES RUSSELL SPEECHLYS 21 (21) 12 (5) CAREY OLSEN 3,949 (5,966) 12 (13) ▲ OSBORNE CLARKE 21 (22) 13 (18) PANNONE CORPORATE 3,948 (3,523) 12 (14) ▲ SQUIRE PATTON BOGGS 21 (21) 14 (6) BIRD & BIRD 3,802 (5,864) 15 (14) ▼ ADDLESHAW GODDARD 20 (21) 15 (12) FIELDFISHER 3,732 (4,689) 15 (11) ▼ CAREY OLSEN 20 (23) 16 (14) ADDLESHAW GODDARD 3,139 (4,145) 15 (17) ▲ STEPHENSON HARWOOD 20 (20) 17 (16) SLAUGHTER AND MAY 2,911 (3,644) 18 (18) - DAC BEACHCROFT 18 (19) 18 (19) STEPHENSON HARWOOD 2,862 (3,304) 19 (19) - NORTON ROSE FULBRIGHT 17 (18) 19 (21) TRAVERS SMITH 2,507 (2,964) 20 (25) ▲ BIRD & BIRD 16 (15) 20 (11) NORTON ROSE FULBRIGHT 2,208 (4,779) 20 (22) ▲ BRYAN CAVE LEIGHTON PAISNER 16 (16) 21 (20) BRYAN CAVE LEIGHTON PAISNER 2,202 (3,115) 20 (21) ▲ DRUCES 16 (17) 22 (23) BROWN RUDNICK 2,151 (2,375) 20 (22) ▲ MILLS & REEVE 16 (16) 23 (22) DENTONS UK AND MIDDLE EAST 1,977 (2,554) 20 (19) ▼ TRAVERS SMITH 16 (18) 24 (24) REED SMITH 1,862 (1,987) 25 (25) - HERBERT SMITH FREEHILLS 15 (15) 25 - COVINGTON & BURLING 1,625 - 25 (22) ▼ TAYLOR WESSING 15 (16) 26 - MILLS & REEVE 1,490 -

Kromek Group PLC (J) Pires Investments PLC (J) Lansdowne Oil & Gas PLC (J) President Energy PLC LoopUp Group PLC (J) Property Franchise Group (The ) PLC Marechale Capital PLC Restore PLC Minoan Group PLC FIELDFISHER San Leon Energy PLC (J) NAHL Group PLC (J) Riverbank House Seeing Machines Ltd (J) Parity Group PLC 2 Swan Lane SigmaRoc PLC (J) PINSENT MASONS LLP Pebble Beach Systems Group PLC London Tristel PLC (J) 30 Crown Place Petro Matad Ltd (J) EC4R 3TT Versarien PLC (J) Earl Street Portmeirion Group PLC (J) T: +44 (0)20 7861 4000 Wynnstay Properties PLC London Regal Petroleum PLC (J) www.fieldfisher.com EC2A 4ES Rockhopper Exploration PLC (J) Rotala PLC (J) T: +44 (0)20 7418 7000 Access Intelligence PLC F: +44 (0)20 7418 7050 Safestyle UK PLC (J) Shanta Gold Ltd (J) ADVFN PLC www.pinsentmasons.com Solo Oil PLC (J) Amur Minerals Corporation (J) Springfield Properties PLC (J) Ascent Resources PLC (J) 600 Group (The) PLC (J) Star Phoenix Group Ltd (J) Atalaya Mining PLC (J) AB Dynamics PLC Sterling Energy PLC (J) Best of the Best PLC (J) Adamas Finance Asia Ltd (J) Byotrol PLC 4 More London Riverside Surgical Innovations Group PLC (J) London Alumasc Group PLC (J) Thorpe (F.W.) PLC (J) Central Asia Metals PLC (J) ANGLE PLC Trinity Exploration & Production PLC (J) Checkit PLC (J) SE1 2AU Arden Partners PLC (J) ValiRx PLC (J) Craven House Capital PLC (J) Arena Events Group PLC Wentworth Resources PLC (J) Echo Energy PLC Two Snowhill Beeks Financial Cloud Group PLC Wishbone Gold PLC (J) EQTEC PLC (J) Birmingham Best of the Best PLC (J) EVR Holdings PLC (J) XLMedia PLC (J) B4 6WR Blancco Technology Group PLC (J) GlobalData PLC (J) Bowleven PLC (J) Great Western Mining Corporation PLC (J) Cambridge Cognition Holdings PLC (J) Gusbourne PLC T: +44 (0)870 903 1000 CareTech Holdings PLC (J) Haydale Graphene Industries PLC F: +44 (0)870 904 1099 Celtic PLC (J) Hurricane Energy PLC (J) www.gowlingwlg.com China Nonferrous Gold Ltd (J) Infrastrata PLC (J) Craneware PLC Inspiration Healthcare Group PLC (J) Aberdeen Frontier Markets Investment Co. Ltd (J) EMIS Group PLC (J) IOG PLC AfriTin Mining Ltd (J) Evgen Pharma PLC (J) Itaconix PLC (J) Altus Strategies PLC Filtronic PLC Jaywing PLC Andrews Sykes Group PLC (J) FireAngel Safety Technology Group PLC (J) KEFI Minerals PLC (J) Argentex Group PLC genedrive PLC (J) Kodal Minerals PLC (J) Ariana Resources PLC Hunters Property PLC (J) KRM22 PLC ASOS PLC (J) IDOX PLC (J) Live Company Group PLC (J) Bacanora Lithium PLC (J) Induction Healthcare Group PLC Marlowe PLC (J) Blue Star Capital PLC (J) Iomart Group PLC (J) Nu-Oil and Gas PLC Bushveld Minerals Ltd (J) Jersey Oil and Gas PLC Online Blockchain PLC CIP Merchant Capital Ltd (J)

92 Corporate Advisers Rankings Guide 93 LAW FIRMS

Codemasters Group Holdings PLC (J) Sterling Energy PLC (J) KCR Residential REIT PLC (J) Conygar Investment Company (The) PLC STM Group PLC (J) Mineral & Financial Investments Ltd (J) Dolphin Capital Investors Ltd Ten Lifestyle Group PLC Pan African Resources PLC (J) Draper Esprit PLC (J) HILL DICKINSON Tlou Energy Ltd (J) PowerHouse Energy Group PLC (J) Eden Research PLC (J) The Broadgate Tower Vintana PLC (J) Premier African Minerals Ltd (J) Eurasia Mining PLC 20 Primrose Street Rockfire Resources PLC (J) Galantas Gold Corporation (J) London Synairgen PLC H&T Group PLC (J) Tiger Resource PLC EC2A 2EW Highland Gold Mining Ltd DWF LLP TransGlobe Energy Corporation (J) T: +44 (0)20 7283 9033 Hummingbird Resources PLC Capital House Tri-Star Resources PLC F: +44 (0)20 7283 1144 Mercia Asset Management PLC (J) 20 Fenchurch Street Vast Resources PLC (J) www.hilldickinson.com Mkango Resources Ltd London Xtract Resources PLC Phoenix Copper Ltd (J) EC3M 3AG PipeHawk PLC Agronomics Ltd (J) RTC Group PLC (J) Alba Mineral Resources PLC (J) T: +44 (0)20 7280 8888 Salt Lake Potash Ltd (J) Alien Metals Ltd CHARLES RUSSELL SPEECHLYS LLP SEC Newgate S.p.A (J) Arc Minerals Ltd (J) 5 Fleet Place Shanta Gold Ltd (J) Attis Oil and Gas Ltd EVERSHEDS SUTHERLAND LLP London Staffline Group PLC (J) Begbies Traynor Group PLC (J) EC4M 7RD Stanley Gibbons Group (The) PLC (J) 1 Wood Street Block Energy PLC T: +44 (0)20 7203 5000 Strategic Minerals PLC Blue Star Capital PLC (J) London Sunrise Resources PLC Bluejay Mining PLC EC2V 7WS Sylvania Platinum Ltd (J) Cadence Minerals PLC T: +44 (0)20 7919 4500 Tavistock Investments PLC (J) Dekel Agri-Vision Ltd OSBORNE CLARKE Tertiary Minerals PLC Empire Metals Ltd (J) Urban Logistics REIT PLC European Metals Holdings Ltd (J) One London Wall Westmount Energy Ltd (J) FastForward Innovations Ltd (J) London Young & Co's Brewery PLC (J) Gunsynd PLC EC2Y 5EB Inspirit Energy Holdings PLC (J) T: +44 (0)20 7105 7004 Johnson Service Group PLC Manx Financial Group PLC (J) Minds + Machines Group Ltd (J) DENTONS UK AND MIDDLE EAST LLP Octagonal PLC One Fleet Place SQUIRE PATTON BOGGS Oilex Ltd (J) London 7 Devonshire Square Pathfinder Minerals PLC (J) EC4M 7WS London Plutus PowerGen PLC (J) T: +44 (0)20 7242 1212 EC2M 4YH Primorus Investments PLC F: +44 (0)20 7246 7777 T: +44 (0)20 7655 1000 Reabold Resources PLC (J) www.dentons.com CMS Red Emperor Resources NL (J) Cannon Place Remote Monitored Systems PLC (J) SigmaRoc PLC (J) AdEPT Technology Group PLC (J) 78 Cannon Street ADDLESHAW GODDARD LLP Solo Oil PLC (J) Andrews Sykes Group PLC (J) London Aura Energy Ltd (J) Milton Gate EC4N 6AF SysGroup PLC (J) Two Shields Investments PLC (J) Bilby PLC 60 Chiswell Street T: +44 (0)20 7367 3000 UK Oil & Gas PLC Bonhill Group PLC (J) London F: +44 (0)20 7367 2000 URU Metals Ltd Borders & Southern Petroleum PLC EC1Y 4AG Braveheart Investment Group PLC www.cms-cmno.com Webis Holdings PLC (J) T: +44 (0)20 7606 8855 CAP-XX Ltd (J) Adams PLC (J) Christie Group PLC (J) Blue Prism Group PLC Hurricane Energy PLC (J) CAP-XX Ltd (J) Itaconix PLC (J) Enteq Upstream PLC Lok'nStore Group PLC (J) Finsbury Food Group PLC (J) London Security PLC (J) Fox Marble Holdings PLC (J) Marshall Motor Holdings PLC CAREY OLSEN Frontier IP Group PLC (J) Next Fifteen Communications Group PLC PCF Group PLC P.O. Box 98, Carey House Gattaca PLC MEMERY CRYSTAL Les Banques Gresham House Strategic PLC (J) Personal Group Holdings PLC (J) 165 Fleet Street St. Peter Port GYG PLC Polo Resources Ltd (J) London Hydrodec Group PLC (J) Quiz PLC (J) GY1 4BZ Inspirit Energy Holdings PLC (J) EC4A 2DY RA International Group PLC T: +44 (0)1481 727 272 Intercede Group PLC T: +44 (0)20 7242 5905 Science in Sport PLC F: +44 (0)1481 711 052 M Winkworth PLC F: +44 (0)20 7242 2058 Sigma Capital Group PLC (J) www.careyolsen.com M&C Saatchi PLC www.memerycrystal.com Tristel PLC (J) MediaZest PLC ULS Technology PLC 47 Esplanade MTI Wireless Edge Ltd 88 Energy Ltd (J) St. Helier OPG Power Ventures PLC (J) ADM Energy PLC (J) Jersey Phoenix Global Resources PLC (J) AFC Energy PLC (J) JE1 0BD Randall & Quilter Investment Holdings Ltd (J) Alba Mineral Resources PLC (J) T: +44 (0)1534 888 900 Reconstruction Capital II Ltd (J) Caledonia Mining Corporation PLC (J) Redcentric PLC (J) Chariot Oil & Gas Ltd (J) F: +44 (0)1534 887 744 RWS Holdings PLC China Nonferrous Gold Ltd (J) www.careyolsen.com Sigma Capital Group PLC (J) Columbus Energy Resources PLC (J) Smart Metering Systems PLC Futura Medical PLC (J) FLADGATE LLP Forum St Paul’s SRT Marine Systems PLC Gaming Realms PLC 16 Great Queen Street 33 Gutter Lane Strix Group PLC (J) Goldplat PLC (J) London London Surgical Innovations Group PLC (J) IDOX PLC (J) WC2B 5DG EC2V 8AS Symphony Environmental Technologies PLC Ingenta PLC T: +44 (0)20 3036 7000 T: +44 (0)20 7614 5610 Telit Communications PLC Intelligent Ultrasound Group PLC F: +44 (0)20 3036 7600 www.careyolsen.com TP Group PLC Keras Resources PLC www.fladgate.com ValiRx PLC (J) Kingswood Holdings Ltd (J) AfriTin Mining Ltd (J) XLMedia PLC (J) Kropz PLC (J) Agriterra Ltd YouGov PLC Litigation Capital Management Ltd Alliance Pharma PLC Breedon Group PLC (J) Zinc Media Group PLC (J) Maestrano Group PLC (J) Angus Energy PLC Bushveld Minerals Ltd (J) Mobile Streams PLC Audioboom Group PLC Cora Gold Ltd (J) Pelatro PLC Caspian Sunrise PLC (J) Crystal Amber Fund Ltd (J) Red Emperor Resources NL (J) Eco (Atlantic) Oil & Gas Ltd (J) GLI Finance Ltd (J) DLA PIPER LLP Richland Resources Ltd (J) Entertainment AI PLC Globalworth Real Estate Investments Ltd (J) 160 Aldersgate Street Rose Petroleum PLC Galileo Resources PLC (J) GoldStone Resources Ltd (J) London Shanta Gold Ltd (J) Gfinity PLC (J) iEnergizer Ltd (J) Hydrogen Group PLC (J) EC1A 4HT SmartSpace Software PLC Indus Gas Ltd (J) Sosandar PLC (J) Jubilee Metals Group PLC (J) Mercantile Ports and Logistics Ltd (J) T: +44 (0)8700 111 111 Katoro Gold PLC (J)

94 Corporate Advisers Rankings Guide 95 LAW FIRMS

Safestyle UK PLC (J) Shanta Gold Ltd (J) St Peter Port Capital Ltd (J) WANdisco PLC (J) Wentworth Resources PLC (J) KERMAN & CO. 200 Strand Westmount Energy Ltd (J) DRUCES LLP HERBERT SMITH FREEHILLS LLP Woodbois Ltd (J) London WC2R 1DJ Salisbury House Exchange House XLMedia PLC (J) T: +44 (0)20 7539 7272 29 Finsbury Circus Primrose Street F: +44 (0)20 7240 5780 London EC2A 2EG www.kermanco.com EC2M 5PS T: +44 (0)20 7374 8000 STEPHENSON HARWOOD T: +44 (0)20 7638 9271 F: +44 (0)20 7374 0888 F: +44 (0)20 7628 7525 Applegreen PLC (J) 1 Finsbury Circus www.herbertsmithfreehills.com Arc Minerals Ltd (J) London www.druces.com Baron Oil PLC EC2M 7SH Abcam PLC (J) Columbus Energy Resources PLC (J) T: +44 (0)20 7329 4422 Armadale Capital PLC Aberdeen Frontier Markets Investment Co. Ltd (J) Empyrean Energy PLC (J) Goldplat PLC (J) Alumasc Group PLC (J) Infrastrata PLC (J) Greatland Gold PLC Applegreen PLC (J) Metals Exploration PLC Katoro Gold PLC (J) Base Resources Ltd (J) Panthera Resources PLC DAC BEACHCROFT LLP Kibo Energy PLC (J) Blancco Technology Group PLC (J) Rurelec PLC 100 Fetter Lane Metal Tiger PLC (J) CPPGroup PLC (J) United Oil & Gas PLC (J) Mosman Oil and Gas Ltd (J) London Dart Group PLC (J) Victoria Oil & Gas PLC Nostra Terra Oil & Gas Company PLC KEFI Minerals PLC (J) EC4A 1BN Red Rock Resources PLC Phoenix Global Resources PLC (J) T: +44 (0)20 7242 1011 Regency Mines PLC Polar Capital Holdings PLC Rockfire Resources PLC (J) Serica Energy PLC (J) Savannah Resources PLC Star Phoenix Group Ltd (J) SigmaRoc PLC (J) ThinkSmart Ltd (J) Starvest PLC Watchstone Group PLC (J) Thor Mining PLC (J) TomCo Energy PLC (J) COOLEY NORTON ROSE FULBRIGHT LLP Dashwood 3 More London Riverside TAYLOR WESSING LLP 69 Old Broad Street London 5 New Street Square MILLS & REEVE LLP London SE1 2AQ London EC2M 1QS T: +44 (0)20 7283 6000 24 King William Street EC4A 3TW London T: +44 (0)20 7583 4055 F: +44 (0)20 7283 6500 T: +44 (0)20 7300 7000 www.cooley.com www.nortonrosefulbright.com EC4R 9AT T: +44 (0)20 7648 9220 Allergy Therapeutics PLC (J) Amur Minerals Corporation (J) Amryt Pharma PLC (J) Crystal Amber Fund Ltd (J) eve Sleep PLC (J) Dart Group PLC (J) IGas Energy PLC (J) Egdon Resources PLC ALLEN & OVERY MaxCyte, Inc. (J) eve Sleep PLC (J) One Bishops Square Pires Investments PLC (J) Good Energy Group PLC Renalytix AI PLC (J) Greencoat Renewables PLC (J) London Scancell Holdings PLC Hydrodec Group PLC (J) TRAVERS SMITH LLP E1 6AD Tiziana Life Sciences PLC (J) Katoro Gold PLC (J) 10 Snow Hill T: +44 (0)20 3088 0000 Lekoil Ltd (J) London F: +44 (0)20 3088 0088 Mortgage Advice Bureau (Holdings) PLC EC1A 2AL www.allenovery.com Purplebricks Group PLC T: +44 (0)20 7295 3000 Rambler Metals and Mining PLC 600 Group (The) PLC (J) Touchstone Exploration Inc. (J) F: +44 (0)20 7295 3500 www.traverssmith.com Caribbean Investment Holdings Ltd Windar Photonics PLC (J) Circassia Group PLC Zambeef Products PLC (J) Europa Metals Ltd (J) Benchmark Holdings PLC Zanaga Iron Ore Company Ltd (J) Impellam Group PLC (J) Breedon Group PLC (J) Marlowe PLC (J) Camellia PLC Naked Wines PLC FAEGRE DRINKER Cenkos Securities PLC (J) Pittards PLC (J) 7 Pilgrim Street Distribution Finance Capital Holdings PLC BIRD & BIRD Science Group PLC London EIH PLC (J) 12 New Fetter Lane Sensyne Health PLC (J) finnCap Group PLC EC4V 6LB London Sylvania Platinum Ltd (J) Gresham House PLC (J) T: +44 (0)20 7450 4500 EC4A 1JP Volex PLC (J) Hydrogen Group PLC (J) F: +44 (0)20 7450 4545 T: +44 (0)20 7415 6000 Livermore Investments Group Ltd www.faegredrinker.com MaxCyte, Inc. (J) Origo Partners PLC Adams PLC (J) Pathfinder Minerals PLC (J) BRYAN CAVE LEIGHTON PAISNER Advanced Oncotherapy PLC (J) TruFin PLC (J) Arcontech Group PLC Adelaide House Volex PLC (J) Dragon-Ukrainian Properties & Development PLC (J) London Bridge Wameja Ltd GoldStone Resources Ltd (J) London Metal Tiger PLC (J) EC4R 9HA Tavistock Investments PLC (J) T: +44 (0)20 3400 1000 Water Intelligence PLC

94 Corporate Advisers Rankings Guide 95 LAW FIRMS

GOODMAN DERRICK LLP DICKSON MINTO W.S HARNEY WESTWOOD & RIEGELS 10 St Bride Street Broadgate Tower 3rd Floor CLIFFORD CHANCE London 20 Primrose Street 1 Pemberton Row 10 Upper Bank Street EC4A 4AD London London London T: +44 (0)20 7404 0606 EC2A 2EW EC4A 3BG E14 5JJ F: +44 (0)20 7831 6407 T: +44 (0)20 7628 4455 T: +44 (0)20 3752 3600 T: +44 (0)20 7006 1000 www.gdlaw.co.uk F: +44 (0)20 7628 0027 F: +44 (0)20 3752 3695 www.dicksonminto.com F: +44 (0)20 7006 5555 www.harneys.com AFH Financial Group PLC www.cliffordchance.com Bidstack Group PLC (J) Catenae Innovation PLC (J) Empire Metals Ltd (J) Europa Metals Ltd (J) Lok'nStore Group PLC (J) Jadestone Energy Inc. (J) Oxford Metrics PLC Kropz PLC (J) TomCo Energy PLC (J) Minds + Machines Group Ltd (J) Ukrproduct Group Ltd (J) Polo Resources Ltd (J) LINKLATERS Premier African Minerals Ltd (J) One Silk Street London EC2Y 8HQ T: +44 (0)20 7456 2000 F: +44 (0)20 7456 2222 www.linklaters.com SLAUGHTER AND MAY One Bunhill Row Arricano Real Estate PLC (J) MICHELMORES LLP London MySale Group PLC (J) 12th Floor EC1Y 8YY 6 New Street Square T: +44 (0)20 7600 1200 London F: +44 (0)20 7090 5000 EC4A 3BF www.slaughterandmay.com T: +44 (0)20 7659 7660 F: +44 (0)20 7659 7661 Accsys Technologies PLC (J) www.michelmores.com Aquis Exchange PLC ASOS PLC (J) CPPGroup PLC (J) China New Energy Ltd Young & Co's Brewery PLC (J) Limitless Earth PLC Modern Water PLC Orchard Funding Group PLC Power Metal Resources PLC (J) Sutton Harbour Group PLC Vintana PLC (J)

96 Corporate Advisers Rankings Guide 97 LAW FIRMS

Basic Materials Clients Number of clients RANK LAW FIRM MAY ‘20 FEB ‘20

1 (1) - GOWLING WLG (UK) 20 (21) HILL DICKINSON CAREY OLSEN P.O. Box 98, Carey House 2 (2) - MEMERY CRYSTAL 15 (15) The Broadgate Tower 20 Primrose Street Les Banques (3) (14) 3 - HERBERT SMITH FREEHILLS 14 London St. Peter Port GY1 4BZ 4 (4) - DLA PIPER 11 (11) EC2A 2EW T: +44 (0)20 7283 9033 T: +44 (0)1481 727 272 4 (6) ▲ DRUCES 11 (10) F: +44 (0)20 7283 1144 F: +44 (0)1481 711 052 4 (4) - HILL DICKINSON 11 (11) www.hilldickinson.com www.careyolsen.com 7 (8) ▲ FLADGATE 10 (9) 47 Esplanade Alba Mineral Resources PLC (J) 7 (6) ▼ LINKLATERS 10 (10) Alien Metals Ltd St. Helier Arc Minerals Ltd (J) Jersey 9 (8) ▼ FIELDFISHER 9 (9) Bluejay Mining PLC JE1 0BD 10 (10) - NORTON ROSE FULBRIGHT 8 (8) Cadence Minerals PLC T: +44 (0)1534 888 900 Chesterfield Resources PLC (J) F: +44 (0)1534 887 744 11 (12) ▲ CAREY OLSEN 6 (6) Emmerson PLC (J) www.careyolsen.com 11 (12) ▲ CHARLES RUSSELL SPEECHLYS 6 (6) Empire Metals Ltd (J) European Metals Holdings Ltd (J) Forum St Paul’s 11 (11) - 6 (7) PINSENT MASONS Pathfinder Minerals PLC (J) 33 Gutter Lane URU Metals Ltd 14 (14) - BIRD & BIRD 5 (5) London EC2V 8AS 14 (14) - BRYAN CAVE LEIGHTON PAISNER 5 (5) T: +44 (0)20 7614 5610 14 (14) - DWF 5 (5) www.careyolsen.com

AfriTin Mining Ltd (J) Bushveld Minerals Ltd (J) Danakali Ltd (J) Cora Gold Ltd (J) GoldStone Resources Ltd (J) Goldplat PLC (J) FLADGATE LLP Keras Resources PLC Polymetal International PLC (J) Kropz PLC (J) 16 Great Queen Street Shanta Gold Ltd (J) Petra Diamonds Ltd (J) London 4 More London Riverside Pure Gold Mining Inc. (J) WC2B 5DG London Rainbow Rare Earths Ltd (J) T: +44 (0)20 3036 7000 SE1 2AU Richland Resources Ltd (J) F: +44 (0)20 3036 7600 Rose Petroleum PLC www.fladgate.com Two Snowhill Shanta Gold Ltd (J) Taseko Mines Ltd (J) Chesterfield Resources PLC (J) Birmingham Tharisa PLC (J) B4 6WR Galileo Resources PLC (J) Jubilee Metals Group PLC (J) Katoro Gold PLC (J) T: +44 (0)870 903 1000 PINSENT MASONS LLP Pan African Resources PLC (J) 30 Crown Place F: +44 (0)870 904 1099 Premier African Minerals Ltd (J) www.gowlingwlg.com Rockfire Resources PLC (J) Earl Street Tri-Star Resources PLC London AfriTin Mining Ltd (J) Vast Resources PLC (J) EC2A 4ES Altus Strategies PLC Xtract Resources PLC T: +44 (0)20 7418 7000 Altyn PLC (J) DRUCES LLP F: +44 (0)20 7418 7050 Ariana Resources PLC Salisbury House www.pinsentmasons.com Bacanora Lithium PLC (J) Bushveld Minerals Ltd (J) 29 Finsbury Circus Eden Research PLC (J) London 600 Group (The) PLC (J) Eurasia Mining PLC EC2M 5PS Castings PLC (J) Galantas Gold Corporation (J) T: +44 (0)20 7638 9271 China Nonferrous Gold Ltd (J) Shanta Gold Ltd (J) Highland Gold Mining Ltd F: +44 (0)20 7628 7525 FIELDFISHER Synthomer PLC (J) Hill & Smith Holdings PLC (J) www.druces.com Riverbank House Hummingbird Resources PLC Wishbone Gold PLC (J) 2 Swan Lane Mkango Resources Ltd Armadale Capital PLC Phoenix Copper Ltd (J) London Goldplat PLC (J) EC4R 3TT Salt Lake Potash Ltd (J) Greatland Gold PLC T: +44 (0)20 7861 4000 Shanta Gold Ltd (J) Katoro Gold PLC (J) Strategic Minerals PLC Kavango Resources PLC (J) www.fieldfisher.com Sunrise Resources PLC Kibo Energy PLC (J) Sylvania Platinum Ltd (J) Red Rock Resources PLC Amur Minerals Corporation (J) Tertiary Minerals PLC Regency Mines PLC Atalaya Mining PLC (J) Rockfire Resources PLC (J) Byotrol PLC Savannah Resources PLC Central Asia Metals PLC (J) FAEGRE DRINKER Great Western Mining Corporation PLC (J) Thor Mining PLC (J) 7 Pilgrim Street Haydale Graphene Industries PLC KEFI Minerals PLC (J) London Kodal Minerals PLC (J) EC4V 6LB Versarien PLC (J) T: +44 (0)20 7450 4500 F: +44 (0)20 7450 4545 MEMERY CRYSTAL www.faegredrinker.com 165 Fleet Street London GoldStone Resources Ltd (J) EC4A 2DY T: +44 (0)20 7242 5905 F: +44 (0)20 7242 2058 www.memerycrystal.com

Alba Mineral Resources PLC (J) Caledonia Mining Corporation PLC (J) China Nonferrous Gold Ltd (J)

96 Corporate Advisers Rankings Guide 97 LAW FIRMS

Consumer Discretionary & Consumer Staples Clients Number of clients RANK LAW FIRM MAY ‘20 FEB ‘20 1 (1) - SLAUGHTER AND MAY 34 (33) FIELDFISHER 2 (2) - FRESHFIELDS BRUCKHAUS DERINGER 26 (24) 4 More London Riverside Riverbank House 3 (3) - PINSENT MASONS 19 (21) London 2 Swan Lane London 4 (4) - ALLEN & OVERY 17 (17) SE1 2AU EC4R 3TT 5 (5) - ADDLESHAW GODDARD 16 (16) Two Snowhill T: +44 (0)20 7861 4000 5 (5) - DLA PIPER 16 (16) Birmingham www.fieldfisher.com B4 6WR 7 (5) ▼ CMS 15 (16) Best of the Best PLC (J) 7 (8) ▲ HERBERT SMITH FREEHILLS 15 (15) T: +44 (0)870 903 1000 GlobalData PLC (J) Gusbourne PLC F: +44 (0)870 904 1099 9 (10) ▲ ASHURST 12 (12) Jaywing PLC www.gowlingwlg.com Live Company Group PLC (J) 9 (12) ▲ CLIFFORD CHANCE 12 (11) Marks and Spencer Group PLC (J) ASOS PLC (J) Moss Bros Group PLC (J) 9 (9) - LINKLATERS 12 (14) Codemasters Group Holdings PLC (J) 9 (10) ▲ OSBORNE CLARKE 12 (12) Hidong Estate PLC Marks and Spencer Group PLC (J) 13 (12) ▼ EVERSHEDS SUTHERLAND 11 (11) Marston's PLC (J) 14 (14) - GOWLING WLG (UK) 10 (10) Premier Foods PLC (J) SEC Newgate S.p.A (J) 14 (14) - NORTON ROSE FULBRIGHT 10 (10) Stanley Gibbons Group (The) PLC (J) Wilmington PLC HILL DICKINSON 16 (16) - DENTONS UK AND MIDDLE EAST 9 (9) Young & Co's Brewery PLC (J) The Broadgate Tower 17 (17) - SQUIRE PATTON BOGGS 8 (8) 20 Primrose Street London 18 (18) - CHARLES RUSSELL SPEECHLYS 7 (7) EC2A 2EW 18 (18) - FIELDFISHER 7 (7) T: +44 (0)20 7283 9033 18 (22) ▲ MACFARLANES 7 (6) F: +44 (0)20 7283 1144 www.hilldickinson.com 21 - ▲ DWF 6 ( - ) DENTONS UK AND MIDDLE EAST LLP 21 (22) ▲ HILL DICKINSON 6 (6) Carr's Group PLC One Fleet Place Dekel Agri-Vision Ltd 21 (18) ▼ TAYLOR WESSING 6 (7) London INTOSOL Holdings PLC Primorus Investments PLC 21 (18) ▼ TRAVERS SMITH 6 (7) EC4M 7WS T: +44 (0)20 7242 1212 UP Global Sourcing Holdings PLC F: +44 (0)20 7246 7777 Webis Holdings PLC (J) www.dentons.com FRESHFIELDS BRUCKHAUS DERINGER 65 Fleet Street DP Eurasia N.V. (J) SLAUGHTER AND MAY London Marshall Motor Holdings PLC One Bunhill Row EC4Y 1HS Next Fifteen Communications Group PLC O'Key Group SA (J) London T: +44 (0)20 7936 4000 Photo-Me International PLC (J) EC1Y 8YY Quiz PLC (J) T: +44 (0)20 7600 1200 Science in Sport PLC F: +44 (0)20 7090 5000 Stagecoach Group PLC (J) www.slaughterandmay.com Wizz Air Holdings PLC (J)

4imprint Group PLC ASOS PLC (J) Barratt Developments PLC Bellway PLC (J) Bloomsbury Publishing PLC (J) PINSENT MASONS LLP British American Tobacco PLC (J) 30 Crown Place Burberry Group PLC Carnival PLC (J) Earl Street Cineworld Group PLC (J) London Coca-Cola European Partners PLC (J) EC2A 4ES Diageo PLC (J) T: +44 (0)20 7418 7000 Domino's Pizza Group PLC (J) F: +44 (0)20 7418 7050 FirstGroup PLC (J) www.pinsentmasons.com Glenveagh Properties PLC (J) GVC Holdings PLC (J) Arena Events Group PLC HomeServe PLC Best of the Best PLC (J) Inchcape PLC (J) Brown (N) Group PLC (J) International Consolidated Airlines Group S.A. (J) Cairn Homes PLC (J) ITV PLC (J) Celtic PLC (J) Marks and Spencer Group PLC (J) Countryside Properties PLC (J) Mothercare PLC (J) Glanbia PLC (J) Next PLC (J) Headlam Group PLC Ocado Group PLC Marston's PLC (J) Premier Foods PLC (J) Minoan Group PLC Reckitt Benckiser Group PLC (J) Motorpoint Group PLC Redrow PLC NAHL Group PLC (J) Restaurant Group (The) PLC (J) Pearson PLC (J) Stock Spirits Group PLC Portmeirion Group PLC (J) Taylor Wimpey PLC Rotala PLC (J) Watches of Switzerland Group PLC (J) Safestyle UK PLC (J) Whitbread PLC (J) Springfield Properties PLC (J) William Hill PLC (J) Whitbread PLC (J) WPP PLC (J) XLMedia PLC (J) Young & Co's Brewery PLC (J)

98 Corporate Advisers Rankings Guide 99 LAW FIRMS

Energy Clients Number of clients RANK LAW FIRM MAY ‘20 FEB ‘20 1 (1) - PINSENT MASONS 15 (15) CAREY OLSEN FIELDFISHER P.O. Box 98, Carey House (2) - (13) 2 MEMERY CRYSTAL 13 Riverbank House Les Banques 3 (3) - FIELDFISHER 9 (8) 2 Swan Lane St. Peter Port London GY1 4BZ 4 (3) ▼ CMS 8 (8) EC4R 3TT T: +44 (0)1481 727 272 4 (3) ▼ HERBERT SMITH FREEHILLS 8 (8) T: +44 (0)20 7861 4000 F: +44 (0)1481 711 052 4 (3) ▼ NORTON ROSE FULBRIGHT 8 (8) www.fieldfisher.com www.careyolsen.com

4 (3) ▼ WATSON FARLEY & WILLIAMS 8 (8) Ascent Resources PLC (J) Indus Gas Ltd (J) Petrofac Ltd (J) 8 (8) - ASHURST 7 (7) BP PLC (J) Echo Energy PLC Wentworth Resources PLC (J) 8 (8) - FLADGATE 7 (7) EQTEC PLC (J) Westmount Energy Ltd (J) Hurricane Energy PLC (J) 8 (8) - HILL DICKINSON 7 (7) IOG PLC 11 (11) - BRYAN CAVE LEIGHTON PAISNER 5 (5) Nu-Oil and Gas PLC President Energy PLC 11 (11) - BURNESS PAULL 5 (5) San Leon Energy PLC (J) 11 (11) - CONYERS DILL & PEARMAN 5 (5) SLAUGHTER AND MAY 11 (11) - KERMAN & CO. 5 (5) One Bunhill Row London 11 (11) - LINKLATERS 5 (5) EC1Y 8YY 11 (11) - WHITE & CASE 5 (5) T: +44 (0)20 7600 1200 NORTON ROSE FULBRIGHT LLP F: +44 (0)20 7090 5000 17 (17) - 4 (4) CAREY OLSEN 3 More London Riverside www.slaughterandmay.com 17 (17) - CLYDE & CO 4 (4) London SE1 2AQ Genel Energy PLC (J) 17 (17) - DRUCES 4 (4) T: +44 (0)20 7283 6000 Kosmos Energy Ltd (J) 17 (17) - FRESHFIELDS BRUCKHAUS DERINGER 4 (4) F: +44 (0)20 7283 6500 Premier Oil PLC Wood Group (John) PLC 17 (17) - HOGAN LOVELLS INTERNATIONAL 4 (4) www.nortonrosefulbright.com

17 (17) - MCCARTHY TETRAULT 4 (4) BP PLC (J) 17 (17) - MOURANT 4 (4) Egdon Resources PLC Hydrodec Group PLC (J) 17 (17) - OGIER 4 (4) Lekoil Ltd (J) 17 (17) 4 (4) PV Crystalox Solar PLC - SLAUGHTER AND MAY SEPLAT Petroleum Development Company PLC (J) Touchstone Exploration Inc. (J) DENTONS UK AND MIDDLE EAST LLP Zenith Energy Ltd (J) One Fleet Place London EC4M 7WS T: +44 (0)20 7242 1212 F: +44 (0)20 7246 7777 www.dentons.com MEMERY CRYSTAL 165 Fleet Street HILL DICKINSON PINSENT MASONS LLP Borders & Southern Petroleum PLC London The Broadgate Tower 30 Crown Place Cadogan Petroleum PLC (J) EC4A 2DY 20 Primrose Street Hurricane Energy PLC (J) Earl Street T: +44 (0)20 7242 5905 London London F: +44 (0)20 7242 2058 EC2A 2EW EC2A 4ES www.memerycrystal.com T: +44 (0)20 7283 9033 T: +44 (0)20 7418 7000 F: +44 (0)20 7283 1144 F: +44 (0)20 7418 7050 88 Energy Ltd (J) www.hilldickinson.com www.pinsentmasons.com ADM Energy PLC (J) AFC Energy PLC (J) Attis Oil and Gas Ltd Bowleven PLC (J) Bisichi PLC (J) Block Energy PLC BP PLC (J) Chariot Oil & Gas Ltd (J) Oilex Ltd (J) 4 More London Riverside Cairn Energy PLC (J) Columbus Energy Resources PLC (J) Reabold Resources PLC (J) London Jersey Oil and Gas PLC G3 Exploration Ltd (J) Red Emperor Resources NL (J) SE1 2AU Lansdowne Oil & Gas PLC (J) Gulf Keystone Petroleum Ltd (J) Solo Oil PLC (J) Petro Matad Ltd (J) Red Emperor Resources NL (J) UK Oil & Gas PLC Two Snowhill Regal Petroleum PLC (J) Sterling Energy PLC (J) Birmingham Rockhopper Exploration PLC (J) Tlou Energy Ltd (J) RockRose Energy PLC (J) VAALCO Energy, Inc. (J) B4 6WR Solo Oil PLC (J) Valeura Energy Inc. (J) Star Phoenix Group Ltd (J) T: +44 (0)870 903 1000 Sterling Energy PLC (J) F: +44 (0)870 904 1099 Thalassa Holdings Ltd (J) www.gowlingwlg.com Trinity Exploration & Production PLC (J) KERMAN & CO. Wentworth Resources PLC (J) 200 Strand Upland Resources Ltd (J) London Westmount Energy Ltd (J) WC2R 1DJ T: +44 (0)20 7539 7272 F: +44 (0)20 7240 5780 www.kermanco.com

Baron Oil PLC Columbus Energy Resources PLC (J) Empyrean Energy PLC (J) United Oil & Gas PLC (J) Victoria Oil & Gas PLC

98 Corporate Advisers Rankings Guide 99 LAW FIRMS

Financials & Real Estate Clients Number of clients SQN Secured Income Fund (The) PLC (J) RANK LAW FIRM MAY ‘20 FEB ‘20 St Peter Port Capital Ltd (J) Starwood European Real Estate Finance Ltd (J) 1 (1) - DICKSON MINTO W.S 99 (96) SLAUGHTER AND MAY Stenprop Ltd (J) One Bunhill Row 2 (2) - CAREY OLSEN 70 (72) Syncona Ltd (J) Tufton Oceanic Assets Ltd (J) London 3 (3) - HERBERT SMITH FREEHILLS 60 (61) TwentyFour Income Fund Ltd (J) EC1Y 8YY TwentyFour Select Monthly Income Fund Ltd (J) T: +44 (0)20 7600 1200 (4) - (52) 4 STEPHENSON HARWOOD 53 UK Mortgages Ltd (J) F: +44 (0)20 7090 5000 5 (5) - GOWLING WLG (UK) 43 (43) VietNam Holding Ltd (J) www.slaughterandmay.com VinaCapital Vietnam Opportunity Fund Ltd (J) 6 (6) - SLAUGHTER AND MAY 41 (41) Workspace Group PLC (J) 3i Group PLC 7 (7) - NORTON ROSE FULBRIGHT 39 (40) Worsley Investors Ltd (J) Aquis Exchange PLC Arrow Global Group PLC (J) 8 (8) - CMS 36 (36) Ashmore Global Opportunities Ltd (J) 9 (9) - LINKLATERS 31 (31) STEPHENSON HARWOOD Ashmore Group PLC (J) 1 Finsbury Circus Atlas Mara Ltd (J) 10 (10) - MOURANT 30 (30) London Aviva PLC (J) Baillie Gifford UK Growth Fund PLC 11 (11) - DENTONS UK AND MIDDLE EAST 26 (26) EC2M 7SH T: +44 (0)20 7329 4422 Baring Emerging Europe PLC 11 (12) ▲ EVERSHEDS SUTHERLAND 26 (25) Big Yellow Group PLC (J) Close Brothers Group PLC 13 (12) ▼ HOWARD KENNEDY 25 (25) Countrywide PLC (J) 14 (12) ▼ CLIFFORD CHANCE 24 (25) Derwent London PLC Direct Line Insurance Group PLC (J) 15 (16) ▲ ALLEN & OVERY 21 (23) Henderson High Income Trust PLC (J) Henderson Opportunities Trust PLC (J) 15 (12) ▼ 21 (25) TRAVERS SMITH Henderson Smaller Companies Inv. Trust PLC (J) 17 (17) - OGIER 20 (20) Honeycomb Investment Trust PLC 4 More London Riverside Intermediate Capital Group PLC (J) 18 (18) - CHARLES RUSSELL SPEECHLYS 17 (17) London International Personal Finance PLC (J) 18 (18) - HOGAN LOVELLS INTERNATIONAL 17 (17) SE1 2AU JPMorgan Elect PLC (J) Land Securities Group PLC (J) 20 (21) ▲ ASHURST 15 (15) Two Snowhill Legal & General Group PLC (J) Lowland Investment Company PLC (J) 20 (20) - 15 (16) Birmingham FRESHFIELDS BRUCKHAUS DERINGER M&G PLC (J) B4 6WR 22 (21) ▼ PINSENT MASONS 14 (15) McKay Securities PLC Non-Standard Finance PLC (J) T: +44 (0)870 903 1000 Old Mutual Ltd (J) F: +44 (0)870 904 1099 OneSavings Bank PLC Axiom European Financial Debt Fund Ltd www.gowlingwlg.com Paragon Banking Group PLC Better Capital PCC Ltd (J) Prudential PLC (J) Aberdeen Emerging Markets Inv. Co. Ltd (J) RSA Insurance Group PLC (J) DICKSON MINTO W.S BH Global Ltd (J) Aberdeen Frontier Markets Investment Co. Ltd (J) Schroder AsiaPacific Fund PLC Broadgate Tower BH Macro Ltd (J) Blackstone/GSO Loan Financing Ltd (J) Aberdeen Standard European Logistics Inc. PLC Schroder Income Growth Fund PLC 20 Primrose Street Bluefield Solar Income Fund Ltd (J) AEW UK REIT PLC Schroder Japan Growth Fund PLC London BMO Commercial Property Trust Ltd (J) Africa Opportunity Fund Ltd (J) Schroders PLC EC2A 2EW BMO Real Estate Investments Ltd (J) Alternative Income REIT PLC (J) Segro PLC T: +44 (0)20 7628 4455 Boussard & Gavaudan Holding Ltd (J) Argentex Group PLC Standard Chartered PLC (J) F: +44 (0)20 7628 0027 Ceiba Investments Ltd (J) BlackRock Energy and Resources Inc. Trust PLC Standard Life Aberdeen PLC (J) BlackRock Frontiers Investment Trust PLC (J) www.dicksonminto.com Crystal Amber Fund Ltd (J) TR Property Investment Trust PLC Digital Landscape Group, Inc. (J) BlackRock North American Income Trust PLC Workspace Group PLC (J) Doric Nimrod Air One Ltd (J) Blue Star Capital PLC (J) Downing Strategic Micro-Cap Inv. Trust PLC (J) Ceiba Investments Ltd (J) EJF Investments Ltd (J) Chenavari Capital Solutions Ltd (J) Fair Oaks Income Ltd (J) Chenavari Toro Income Fund Ltd (J) GCP Asset Backed Income Fund Ltd (J) CIP Merchant Capital Ltd (J) Conygar Investment Company (The) PLC CAREY OLSEN GCP Infrastructure Investments Ltd (J) Dolphin Capital Investors Ltd P.O. Box 98, Carey House GLI Finance Ltd (J) NORTON ROSE FULBRIGHT LLP Globalworth Real Estate Investments Ltd (J) Draper Esprit PLC (J) 3 More London Riverside Les Banques Empiric Student Property PLC Henderson Far East Income Ltd (J) London St. Peter Port HICL Infrastructure PLC (J) Fundsmith Emerging Equities Trust PLC (J) GY1 4BZ Gabelli Value Plus+ Trust PLC SE1 2AQ Highbridge Tactical Credit Fund Ltd (J) T: +44 (0)20 7283 6000 T: +44 (0)1481 727 272 HWSI Realisation Fund Ltd (J) GCP Asset Backed Income Fund Ltd (J) F: +44 (0)1481 711 052 ICG-Longbow Senior Secured UK Property Debt Invs Ltd (J) GCP Student Living PLC F: +44 (0)20 7283 6500 www.careyolsen.com India Capital Growth Fund Ltd (J) H&T Group PLC (J) www.nortonrosefulbright.com International Public Partnerships Ltd Highway Capital PLC (J) ICG-Longbow Senior Secured UK Property Debt Invs Ltd (J) 47 Esplanade JPEL Private Equity Ltd (J) Aberdeen New India Investment Trust PLC (J) International Biotechnology Trust PLC St. Helier JPMorgan Global Core Real Assets Ltd (J) Aberdeen Standard Equity Income Trust PLC (J) M&G Credit Income Investment Trust PLC Alpha Real Trust Ltd (J) Jersey JTC PLC (J) Macau Property Opportunities Fund Ltd (J) MENA Land PLC Baker Steel Resources Trust Ltd (J) JE1 0BD Marble Point Loan Financing Ltd (J) Mercia Asset Management PLC (J) Bankers Investment Trust PLC T: +44 (0)1534 888 900 NB Distressed Debt Investment Fund Ltd (J) Octopus Renewables Infrastructure Trust PLC (J) BlackRock Latin American Investment Trust PLC F: +44 (0)1534 887 744 NB Global Floating Rate Income Fund Ltd (J) Odyssean Investment Trust PLC Bluefield Solar Income Fund Ltd (J) www.careyolsen.com NB Private Equity Partners Ltd (J) Primary Health Properties PLC (J) Capital Gearing Trust PLC (J) NextEnergy Solar Fund Ltd (J) RM Secured Direct Lending PLC Charles Stanley Group PLC Forum St Paul’s Pershing Square Holdings Ltd (J) Ruffer Investment Company Ltd (J) Civitas Social Housing PLC 33 Gutter Lane Picton Property Income Ltd (J) St Modwen Properties PLC (J) Crystal Amber Fund Ltd (J) London Princess Private Equity Holding Ltd (J) Tavistock Investments PLC (J) Direct Line Insurance Group PLC (J) Temple Bar Investment Trust PLC (J) EC2V 8AS Raven Property Group Ltd (J) Ecofin Global Utilities & Infrastructure Trust PLC TOC Property Backed Lending Trust PLC F&C Investment Trust PLC T: +44 (0)20 7614 5610 Real Estate Credit Investments Ltd (J) Tufton Oceanic Assets Ltd (J) Greencoat UK Wind PLC www.careyolsen.com Regional REIT Ltd (J) Renewables Infrastructure Group (The) Ltd (J) UAE Oil Services PLC (J) HSBC Holdings PLC (J) River and Mercantile UK Micro Cap Inv. Co. Ltd (J) Urban Logistics REIT PLC ICG Enterprise Trust PLC Alcentra European Floating Rate Inc. Fund Ltd (J) VinaCapital Vietnam Opportunity Fund Ltd (J) Alpha Real Trust Ltd (J) Riverstone Energy Ltd (J) Invesco Income Growth Trust PLC Alternative Liquidity Fund Ltd (J) RTW Venture Fund Ltd (J) Invesco Perpetual Select Trust PLC Apax Global Alpha Ltd (J) Sanne Group PLC JPMorgan Brazil Investment Trust PLC (J) APi Group Corporation (J) Schroder Oriental Income Fund Ltd (J) JPMorgan Global Emerging Markets Inc. Trust PLC (J) Aseana Properties Ltd (J) Sherborne Investors (Guernsey) B Ltd (J) JPMorgan Indian Investment Trust PLC (J) Ashmore Global Opportunities Ltd (J) Sirius Real Estate Ltd (J) JPMorgan Japan Smaller Companies Trust PLC (J)

100 Corporate Advisers Rankings Guide 101 LAW FIRMS

JTC PLC (J) CHARLES RUSSELL SPEECHLYS LLP SHEPHERD AND WEDDERBURN Macau Property Opportunities Fund Ltd (J) 5 Fleet Place 1 Exchange Crescent Montanaro UK Smaller Companies Inv. Trust PLC London Conference Square Mortgage Advice Bureau (Holdings) PLC EC4M 7RD Edinburgh Mountview Estates PLC Picton Property Income Ltd (J) T: +44 (0)20 7203 5000 EH3 8UL MEMERY CRYSTAL Purplebricks Group PLC T: +44 (0)131 228 9900 165 Fleet Street Renewables Infrastructure Group (The) Ltd (J) London Residential Secure Income PLC HOGAN LOVELLS INTERNATIONAL LLP EC4A 2DY Sirius Real Estate Ltd (J) T: +44 (0)20 7242 5905 Starwood European Real Estate Finance Ltd (J) Atlantic House F: +44 (0)20 7242 2058 Trian Investors 1 Ltd (J) 50 Holborn Viaduct UIL Ltd (J) London www.memerycrystal.com Utilico Emerging Markets Ltd (J) EC1A 2FG Witan Pacific Investment Trust PLC T: +44 (0)20 7296 2000 Kingswood Holdings Ltd (J) Workspace Group PLC (J) FLADGATE LLP Litigation Capital Management Ltd 16 Great Queen Street STM Group PLC (J) London WC2B 5DG T: +44 (0)20 3036 7000 F: +44 (0)20 3036 7600 www.fladgate.com

DENTONS UK AND MIDDLE EAST LLP Baskerville Capital PLC One Fleet Place PINSENT MASONS LLP Grand Fortune High Grade Ltd (J) London MICHELMORES LLP 30 Crown Place KCR Residential REIT PLC (J) EC4M 7WS London & Associated Properties PLC (J) 12th Floor Earl Street T: +44 (0)20 7242 1212 Mineral & Financial Investments Ltd (J) 6 New Street Square London F: +44 (0)20 7246 7777 OTAQ PLC London EC2A 4ES www.dentons.com Tiger Resource PLC EC4A 3BF T: +44 (0)20 7418 7000 T: +44 (0)20 7659 7660 F: +44 (0)20 7418 7050 Aberdeen Asian Income Fund Ltd (J) F: +44 (0)20 7659 7661 Aberdeen Japan Investment Trust PLC www.pinsentmasons.com www.michelmores.com Aberdeen New Dawn Investment Trust PLC Aberdeen New India Investment Trust PLC (J) Adamas Finance Asia Ltd (J) Limitless Earth PLC Aberdeen New Thai Investment Trust PLC AJ Bell PLC Mining, Minerals & Metals PLC Arden Partners PLC (J) Aberdeen Smaller Companies Income Trust PLC FIELDFISHER Orchard Funding Group PLC Aberdeen Standard Asia Focus PLC Direct Line Insurance Group PLC (J) Bank of Georgia Group PLC (J) Golden Rock Global PLC (J) Riverbank House Bonhill Group PLC (J) Hunters Property PLC (J) 2 Swan Lane Braveheart Investment Group PLC International Personal Finance PLC (J) London CQS Natural Resources Growth and Income PLC IP Group PLC EC4R 3TT CQS New City High Yield Fund Ltd (J) Legal & General Group PLC (J) T: +44 (0)20 7861 4000 Downing Strategic Micro-Cap Inv. Trust PLC (J) London & Associated Properties PLC (J) www.fieldfisher.com Edinburgh Investment Trust (The) PLC LSL Property Services PLC (J) KERMAN & CO. Marechale Capital PLC Georgia Capital PLC (J) 200 Strand RDI REIT PLC (J) ADVFN PLC Hansa Investment Company Ltd Craven House Capital PLC (J) London Jupiter US Smaller Companies PLC Seneca Growth Capital VCT PLC (J) KRM22 PLC WC2R 1DJ Lok'nStore Group PLC (J) Pires Investments PLC (J) PCF Group PLC T: +44 (0)20 7539 7272 Property Franchise Group (The ) PLC F: +44 (0)20 7240 5780 Personal Group Holdings PLC (J) Wynnstay Properties PLC Polo Resources Ltd (J) APPLEBY www.kermanco.com PRS REIT (The) PLC Canon's Court Seneca Global Income & Growth Trust PLC (J) PO Box HM 1179 Fragrant Prosperity Holdings Ltd (J) Shires Income PLC Hamilton HM EX Sigma Capital Group PLC (J) T: +1 441 295 2244 Standard Life Private Equity Trust PLC (J)

EVERSHEDS SUTHERLAND LLP 1 Wood Street FAEGRE DRINKER London HILL DICKINSON 7 Pilgrim Street EC2V 7WS The Broadgate Tower London T: +44 (0)20 7919 4500 20 Primrose Street EC4V 6LB London T: +44 (0)20 7450 4500 EC2A 2EW F: +44 (0)20 7450 4545 HOWARD KENNEDY T: +44 (0)20 7283 9033 www.faegredrinker.com No. 1 London Bridge F: +44 (0)20 7283 1144 London www.hilldickinson.com Adams PLC (J) Dragon-Ukrainian Properties & Development PLC (J) SE1 9BG Metal Tiger PLC (J) Anglo African Agriculture PLC (J) T: +44 (0)20 3755 6000 Tavistock Investments PLC (J) Begbies Traynor Group PLC (J) Blue Star Capital PLC (J) OGIER Boston International Holdings PLC (J) FastForward Innovations Ltd (J) Ogier House Fragrant Prosperity Holdings Ltd (J) 44 Esplanade Manx Financial Group PLC (J) St Helier NewRiver REIT PLC (J) Jersey Papillon Holdings PLC (J) T: +44 (0)1534 504 000 Plutus PowerGen PLC (J) Stranger Holdings PLC (J) Two Shields Investments PLC (J) Zaim Credit Systems PLC (J)

100 Corporate Advisers Rankings Guide 101 LAW FIRMS

Health Care Clients Number of clients RANK LAW FIRM MAY ‘20 FEB ‘20

1 (1) - COVINGTON & BURLING 12 (12) HILL DICKINSON CAREY OLSEN P.O. Box 98, Carey House 1 (2) ▲ PINSENT MASONS 12 (11) The Broadgate Tower 20 Primrose Street Les Banques (3) (9) 3 - DLA PIPER 8 London St. Peter Port GY1 4BZ 4 (4) - COOLEY 7 (7) EC2A 2EW T: +44 (0)20 7283 9033 T: +44 (0)1481 727 272 5 (5) - ADDLESHAW GODDARD 6 (5) F: +44 (0)20 7283 1144 F: +44 (0)1481 711 052 6 (5) ▼ FRESHFIELDS BRUCKHAUS DERINGER 5 (5) www.hilldickinson.com www.careyolsen.com 7 (5) ▼ ASHURST 4 (5) 47 Esplanade Agronomics Ltd (J) 7 (5) ▼ EVERSHEDS SUTHERLAND 4 (5) Genus PLC (J) St. Helier Gunsynd PLC Jersey 7 (9) ▲ SLAUGHTER AND MAY 4 (4) JE1 0BD 10 (9) ▼ ALLEN & OVERY 3 (4) T: +44 (0)1534 888 900 F: +44 (0)1534 887 744 10 (12) ▲ BDB PITMANS 3 (3) www.careyolsen.com 10 (12) ▲ BPE SOLICITORS 3 (3) Forum St Paul’s 10 (12) ▲ 3 (3) CHARLES RUSSELL SPEECHLYS 33 Gutter Lane 10 (9) ▼ CMS 3 (4) FIELDFISHER London Riverbank House EC2V 8AS 10 (12) ▲ DAC BEACHCROFT 3 (3) 2 Swan Lane T: +44 (0)20 7614 5610 10 (12) ▲ HILL DICKINSON 3 (3) London www.careyolsen.com EC4R 3TT 10 (12) ▲ MILLS & REEVE 3 (3) T: +44 (0)20 7861 4000 OKYO Pharma Ltd (J) 10 (12) ▲ REED SMITH 3 (3) www.fieldfisher.com 10 (12) ▲ 3 (3) STEPHENSON HARWOOD Inspiration Healthcare Group PLC (J) 10 (12) ▲ WOMBLE BOND DICKINSON (UK) 3 (3) Tristel PLC (J)

DENTONS UK AND MIDDLE EAST LLP One Fleet Place SLAUGHTER AND MAY London One Bunhill Row EC4M 7WS London T: +44 (0)20 7242 1212 FLADGATE LLP EC1Y 8YY F: +44 (0)20 7246 7777 16 Great Queen Street PINSENT MASONS LLP T: +44 (0)20 7600 1200 www.dentons.com London 30 Crown Place F: +44 (0)20 7090 5000 WC2B 5DG Earl Street www.slaughterandmay.com Tristel PLC (J) London T: +44 (0)20 3036 7000 F: +44 (0)20 3036 7600 EC2A 4ES GlaxoSmithKline PLC (J) T: +44 (0)20 7418 7000 Hikma Pharmaceuticals PLC (J) www.fladgate.com F: +44 (0)20 7418 7050 Indivior PLC (J) Alliance Pharma PLC www.pinsentmasons.com Mediclinic International PLC (J) Synairgen PLC ANGLE PLC Cambridge Cognition Holdings PLC (J) BDB PITMANS CareTech Holdings PLC (J) 50 Broadway Craneware PLC London FAEGRE DRINKER Evgen Pharma PLC (J) SW1H OBL 7 Pilgrim Street genedrive PLC (J) T: +44 (0)20 7227 7000 London Induction Healthcare Group PLC EC4V 6LB Kromek Group PLC (J) Smith & Nephew PLC (J) MEMERY CRYSTAL T: +44 (0)20 7450 4500 165 Fleet Street F: +44 (0)20 7450 4545 Surgical Innovations Group PLC (J) BPE SOLICITORS LLP London www.faegredrinker.com UDG Healthcare PLC (J) St James House ValiRx PLC (J) EC4A 2DY St James Square T: +44 (0)20 7242 5905 Advanced Oncotherapy PLC (J) Cheltenham F: +44 (0)20 7242 2058 GL50 3PR www.memerycrystal.com T: +44 (0)1242 224 433 Futura Medical PLC (J) Intelligent Ultrasound Group PLC CHARLES RUSSELL SPEECHLYS LLP COOLEY 5 Fleet Place Dashwood London 69 Old Broad Street EC4M 7RD London T: +44 (0)20 7203 5000 EC2M 1QS T: +44 (0)20 7583 4055 www.cooley.com

Allergy Therapeutics PLC (J) Amryt Pharma PLC (J) MaxCyte, Inc. (J) OKYO Pharma Ltd (J) Renalytix AI PLC (J) Scancell Holdings PLC Tiziana Life Sciences PLC (J)

102 Corporate Advisers Rankings Guide 103 LAW FIRMS

Industrials Clients Number of clients RANK LAW FIRM MAY ‘20 FEB ‘20 1 (1) - SLAUGHTER AND MAY 24 (26) 2 (2) - ALLEN & OVERY 22 (20) DENTONS UK AND MIDDLE EAST LLP One Fleet Place 4 More London Riverside 3 (3) - HERBERT SMITH FREEHILLS 20 (18) London London 4 (4) - CMS 18 (17) EC4M 7WS SE1 2AU 5 (4) ▼ SQUIRE PATTON BOGGS 17 (17) T: +44 (0)20 7242 1212 F: +44 (0)20 7246 7777 Two Snowhill 6 (6) - EVERSHEDS SUTHERLAND 16 (16) www.dentons.com Birmingham B4 6WR 7 (7) - PINSENT MASONS 15 (15) Andrews Sykes Group PLC (J) 8 (8) - LINKLATERS 14 (13) Bilby PLC T: +44 (0)870 903 1000 9 (9) - DENTONS UK AND MIDDLE EAST 11 (11) CAP-XX Ltd (J) F: +44 (0)870 904 1099 Christie Group PLC (J) www.gowlingwlg.com 10 (10) - OSBORNE CLARKE 10 (9) Itaconix PLC (J) London Security PLC (J) Andrews Sykes Group PLC (J) 11 (10) ▼ ADDLESHAW GODDARD 9 (9) Menzies (John) PLC (J) Connect Group PLC (J) 11 (13) ▲ ASHURST 9 (8) RA International Group PLC QinetiQ Group PLC (J) Rentokil Initial PLC RTC Group PLC (J) 11 (13) ▲ DLA PIPER 9 (8) Ultra Electronics Holdings PLC (J) Staffline Group PLC (J) 11 (10) ▼ FRESHFIELDS BRUCKHAUS DERINGER 9 (9) Weir Group PLC (J) 11 (13) ▲ TRAVERS SMITH 9 (8) 16 (13) ▼ BAKER MCKENZIE 8 (8) 16 (13) ▼ NORTON ROSE FULBRIGHT 8 (8) 18 (18) - CLIFFORD CHANCE 7 (7) CAREY OLSEN 18 (18) - DWF 7 (7) P.O. Box 98, Carey House FLADGATE LLP Les Banques 16 Great Queen Street 20 (21) ▲ BURGES SALMON 6 (6) St. Peter Port London 20 (18) ▼ CAREY OLSEN 6 (7) GY1 4BZ WC2B 5DG T: +44 (0)1481 727 272 20 (21) ▲ HILL DICKINSON 6 (6) T: +44 (0)20 3036 7000 F: +44 (0)1481 711 052 F: +44 (0)20 3036 7600 www.careyolsen.com www.fladgate.com Amedeo Air Four Plus Ltd (J) Associated British Engineering PLC (J) Breedon Group PLC (J) Hydrogen Group PLC (J) Doric Nimrod Air Three Ltd (J) SLAUGHTER AND MAY Ferguson PLC (J) One Bunhill Row iEnergizer Ltd (J) London Mercantile Ports and Logistics Ltd (J) EC1Y 8YY T: +44 (0)20 7600 1200 PINSENT MASONS LLP F: +44 (0)20 7090 5000 30 Crown Place www.slaughterandmay.com Earl Street London Accsys Technologies PLC (J) EC2A 4ES HILL DICKINSON Aggreko PLC (J) T: +44 (0)20 7418 7000 FAEGRE DRINKER The Broadgate Tower Bunzl PLC (J) F: +44 (0)20 7418 7050 7 Pilgrim Street 20 Primrose Street Carillion PLC www.pinsentmasons.com London Coats Group PLC (J) London EC4V 6LB Costain Group PLC AB Dynamics PLC EC2A 2EW T: +44 (0)20 7450 4500 CPPGroup PLC (J) Alumasc Group PLC (J) T: +44 (0)20 7283 9033 F: +44 (0)20 7450 4545 De La Rue PLC (J) Babcock International Group PLC (J) F: +44 (0)20 7283 1144 www.faegredrinker.com Dialight PLC (J) Clipper Logistics PLC (J) www.hilldickinson.com Essentra PLC (J) DCC PLC (J) Water Intelligence PLC Hays PLC FireAngel Safety Technology Group PLC (J) IWG PLC (J) Inspirit Energy Holdings PLC (J) IMI PLC (J) Johnson Service Group PLC Morgan Advanced Materials PLC (J) Kier Group PLC (J) Morgan Sindall Group PLC (J) Octagonal PLC Marshalls PLC (J) Remote Monitored Systems PLC (J) Ocean Wilsons Holdings Ltd MITIE Group PLC (J) Rolls-Royce Holdings PLC (J) SigmaRoc PLC (J) Morgan Sindall Group PLC (J) Stobart Group Ltd (J) Rotork PLC (J) SIG PLC (J) Royal Mail PLC (J) Speedy Hire PLC (J) Senior PLC Tyman PLC Signature Aviation PLC (J) Wincanton PLC (J) Smith (DS) PLC Spectris PLC (J) Ultra Electronics Holdings PLC (J) Vitec Group (The) PLC (J) FIELDFISHER Riverbank House 2 Swan Lane London EC4R 3TT T: +44 (0)20 7861 4000 www.fieldfisher.com

Checkit PLC (J) Itaconix PLC (J) Marlowe PLC (J) Restore PLC SigmaRoc PLC (J)

102 Corporate Advisers Rankings Guide 103 LAW FIRMS

Technology Clients Number of clients RANK LAW FIRM MAY ‘20 FEB ‘20 1 (1) - PINSENT MASONS 11 (11) CAREY OLSEN FIELDFISHER P.O. Box 98, Carey House (3) ▲ (6) 2 DLA PIPER 8 Riverbank House Les Banques 3 (7) ▲ DAC BEACHCROFT 6 (5) 2 Swan Lane St. Peter Port London GY1 4BZ 3 (3) - DWF 6 (6) EC4R 3TT T: +44 (0)1481 727 272 3 (3) - MILLS & REEVE 6 (6) T: +44 (0)20 7861 4000 F: +44 (0)1481 711 052 3 (2) ▼ OSBORNE CLARKE 6 (7) www.fieldfisher.com www.careyolsen.com

3 (3) - TAYLOR WESSING 6 (6) Access Intelligence PLC 47 Esplanade 8 (7) ▼ MEMERY CRYSTAL 5 (5) Online Blockchain PLC St. Helier Seeing Machines Ltd (J) Jersey 9 (9) - BLAKE MORGAN 4 (4) JE1 0BD 9 - ▲ CHARLES RUSSELL SPEECHLYS 4 - T: +44 (0)1534 888 900 F: +44 (0)1534 887 744 9 (9) - HERBERT SMITH FREEHILLS 4 (4) www.careyolsen.com 9 (9) - HILL DICKINSON 4 (4) Forum St Paul’s 9 (9) - 4 (4) SQUIRE PATTON BOGGS 33 Gutter Lane FLADGATE LLP London 16 Great Queen Street EC2V 8AS OSBORNE CLARKE London T: +44 (0)20 7614 5610 One London Wall WC2B 5DG www.careyolsen.com London T: +44 (0)20 3036 7000 WANdisco PLC (J) EC2Y 5EB F: +44 (0)20 3036 7600 T: +44 (0)20 7105 7004 www.fladgate.com

PINSENT MASONS LLP Argo Blockchain PLC 30 Crown Place Dev Clever Holdings PLC Earl Street TAYLOR WESSING LLP Iconic Labs PLC (J) London 5 New Street Square London EC2A 4ES COOLEY EC4A 3TW T: +44 (0)20 7418 7000 Dashwood T: +44 (0)20 7300 7000 F: +44 (0)20 7418 7050 69 Old Broad Street www.pinsentmasons.com London EC2M 1QS Beeks Financial Cloud Group PLC T: +44 (0)20 7583 4055 Blancco Technology Group PLC (J) 4 More London Riverside EMIS Group PLC (J) www.cooley.com IDOX PLC (J) London Iomart Group PLC (J) SE1 2AU National World PLC LoopUp Group PLC (J) Parity Group PLC MEMERY CRYSTAL Two Snowhill Pebble Beach Systems Group PLC 165 Fleet Street Birmingham Rightmove PLC (J) London B4 6WR Sage Group (The) PLC (J) EC4A 2DY Thorpe (F.W.) PLC (J) T: +44 (0)20 7242 5905 T: +44 (0)870 903 1000 F: +44 (0)20 7242 2058 F: +44 (0)870 904 1099 www.memerycrystal.com www.gowlingwlg.com DLA PIPER LLP PipeHawk PLC FAEGRE DRINKER 160 Aldersgate Street IDOX PLC (J) Ingenta PLC TT Electronics PLC (J) 7 Pilgrim Street London Maestrano Group PLC (J) London EC1A 4HT Pelatro PLC EC4V 6LB T: +44 (0)8700 111 111 SmartSpace Software PLC T: +44 (0)20 7450 4500 F: +44 (0)20 7450 4545 www.faegredrinker.com DAC BEACHCROFT LLP 100 Fetter Lane Arcontech Group PLC London EC4A 1BN HILL DICKINSON T: +44 (0)20 7242 1011 The Broadgate Tower 20 Primrose Street London DWF LLP EC2A 2EW Capital House T: +44 (0)20 7283 9033 20 Fenchurch Street F: +44 (0)20 7283 1144 London www.hilldickinson.com EC3M 3AG GSTechnologies Ltd (J) T: +44 (0)20 7280 8888 Minds + Machines Group Ltd (J) Sealand Capital Galaxy Ltd (J) SysGroup PLC (J) MILLS & REEVE LLP 24 King William Street London EC4R 9AT T: +44 (0)20 7648 9220

104 Corporate Advisers Rankings Guide 105 LAW FIRMS CONFIDENCE WHEN IT COUNTS

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104 Corporate Advisers Rankings Guide 105

0542 AIM guide advert_V3.indd 1 28/04/2020 15:36 LAW FIRMS

Offshore Law Firms Number of clients RANK LAW FIRM TOTAL NO. OF CLIENTS FTSE 100 FTSE 250 SC/FL AIM NON FTSE INDEX 1 CAREY OLSEN 93 2 16 28 20 27 2 MOURANT 44 3 9 11 10 11 3 OGIER 34 - 3 7 10 14 4 APPLEBY 18 - 1 4 10 3 5 CONYERS DILL & PEARMAN 16 - 1 2 7 6 6 WALKERS 12 1 1 2 6 2 7 MAPLES AND CALDER 11 - 1 - 6 4 8 HARNEY WESTWOOD & RIEGELS 9 - - - 6 3 9 CAINS 8 - - 2 2 4 10 DQ ADVOCATES LIMITED 4 - 1 - 3 - 11 BEDELL CRISTIN 2 - - 1 1 - 11 MJ HUDSON 2 - - - 2 -

Digital Landscape Group, Inc. (J) Starwood European Real Estate Finance Ltd (J) APPLEBY Doric Nimrod Air One Ltd (J) Stenprop Ltd (J) Canon's Court Doric Nimrod Air Three Ltd (J) Syncona Ltd (J) CAREY OLSEN PO Box HM 1179 Downing Strategic Micro-Cap Inv. Trust PLC (J) Tufton Oceanic Assets Ltd (J) Hamilton HM EX P.O. Box 98, Carey House EJF Investments Ltd (J) TwentyFour Income Fund Ltd (J) Les Banques Fair Oaks Income Ltd (J) TwentyFour Select Monthly Income Fund Ltd (J) T: +1 441 295 2244 St. Peter Port Ferguson PLC (J) UK Mortgages Ltd (J) GY1 4BZ GCP Asset Backed Income Fund Ltd (J) VietNam Holding Ltd (J) T: +44 (0)1481 727 272 GCP Infrastructure Investments Ltd (J) VinaCapital Vietnam Opportunity Fund Ltd (J) GLI Finance Ltd (J) WANdisco PLC (J) CONYERS DILL & PEARMAN F: +44 (0)1481 711 052 Clarendon House www.careyolsen.com Globalworth Real Estate Investments Ltd (J) Wentworth Resources PLC (J) GoldStone Resources Ltd (J) Westmount Energy Ltd (J) 2 Church Street Henderson Far East Income Ltd (J) Woodbois Ltd (J) Hamilton 47 Esplanade HICL Infrastructure PLC (J) Workspace Group PLC (J) HM 11 St. Helier Highbridge Tactical Credit Fund Ltd (J) Worsley Investors Ltd (J) Bermuda Jersey HWSI Realisation Fund Ltd (J) XLMedia PLC (J) T: +1 (0)441 295 1422 JE1 0BD ICG-Longbow Senior Secured UK Property Debt Invs Ltd (J) F: +1 (0)441 292 4720 T: +44 (0)1534 888 900 iEnergizer Ltd (J) F: +44 (0)1534 887 744 India Capital Growth Fund Ltd (J) MOURANT www.careyolsen.com Indus Gas Ltd (J) PO Box 87 International Public Partnerships Ltd 22 Grenville Street JPEL Private Equity Ltd (J) Forum St Paul’s St Helier JPMorgan Global Core Real Assets Ltd (J) 33 Gutter Lane Jersey London JTC PLC (J) Macau Property Opportunities Fund Ltd (J) T: +44 (0)1534 676 000 EC2V 8AS Marble Point Loan Financing Ltd (J) F: +44 (0)1534 676 333 T: +44 (0)20 7614 5610 Mercantile Ports and Logistics Ltd (J) www.mourantozannes.com www.careyolsen.com NB Distressed Debt Investment Fund Ltd (J) NB Global Floating Rate Income Fund Ltd (J) AfriTin Mining Ltd (J) NB Private Equity Partners Ltd (J) OGIER Agriterra Ltd NextEnergy Solar Fund Ltd (J) Ogier House Alcentra European Floating Rate Inc. Fund Ltd (J) OKYO Pharma Ltd (J) Alpha Real Trust Ltd (J) 44 Esplanade Pershing Square Holdings Ltd (J) St Helier Alternative Liquidity Fund Ltd (J) Petrofac Ltd (J) Amedeo Air Four Plus Ltd (J) Picton Property Income Ltd (J) Jersey Apax Global Alpha Ltd (J) Polymetal International PLC (J) JE4 9WG APi Group Corporation (J) PPHE Hotel Group Ltd (J) T: +44 (0)1534 504 000 Aseana Properties Ltd (J) Princess Private Equity Holding Ltd (J) T: +44 (0)1534 504 444 Ashmore Global Opportunities Ltd (J) Raven Property Group Ltd (J) Axiom European Financial Debt Fund Ltd Real Estate Credit Investments Ltd (J) Better Capital PCC Ltd (J) Regional REIT Ltd (J) BH Global Ltd (J) Renewables Infrastructure Group (The) Ltd (J) BH Macro Ltd (J) River and Mercantile UK Micro Cap Inv. Co. Ltd (J) Blackstone/GSO Loan Financing Ltd (J) Riverstone Energy Ltd (J) Bluefield Solar Income Fund Ltd (J) RTW Venture Fund Ltd (J) BMO Commercial Property Trust Ltd (J) Safestyle UK PLC (J) BMO Real Estate Investments Ltd (J) Sanne Group PLC Boussard & Gavaudan Holding Ltd (J) Schroder Oriental Income Fund Ltd (J) Breedon Group PLC (J) Shanta Gold Ltd (J) Bushveld Minerals Ltd (J) Sherborne Investors (Guernsey) B Ltd (J) Ceiba Investments Ltd (J) Sirius Real Estate Ltd (J) Cora Gold Ltd (J) SQN Secured Income Fund (The) PLC (J) Crystal Amber Fund Ltd (J) St Peter Port Capital Ltd (J)

106 Corporate Advisers Rankings Guide 107 LAW FIRMS

Offshore Law Firms Number of clients RANK LAW FIRM CLIENT MARKET CAP (£M) 1 MOURANT 90,930 2 CAREY OLSEN 62,306 3 OGIER 22,406 4 WALKERS 7,075 5 APPLEBY 6,422 6 DQ ADVOCATES LIMITED 5,175 7 CONYERS DILL & PEARMAN 4,873 8 MAPLES AND CALDER 2,287 9 HARNEY WESTWOOD & RIEGELS 367 10 BEDELL CRISTIN 355 11 CAINS 293 12 MJ HUDSON 216

WALKERS DQ ADVOCATES LIMITED BEDELL CRISTIN 6 Gracechurch Street The Chambers 26 New Street London Douglas St Helier EC3V 0AT HARNEY WESTWOOD & RIEGELS isle of Mann Jersey T: +44 (0)20 7220 4999 3rd Floor IM1 2PU JE2 3RA T: +44 (0)20 7220 4998 1 Pemberton Row T: +44 (0)1624 626 999 T: +44 (0)1534 814 814 London T: +44 (0)1624 626 111 F: +44 (0)1534 814 815 EC4A 3BG T: +44 (0)20 3752 3600 MAPLES AND CALDER F: +44 (0)20 3752 3695 Ugland House www.harneys.com MJ HUDSON South Church Street 2nd Floor, Hilgrove House George Town Bluebird Merchant Ventures Ltd (J) 10 Hilgrove Street Grand Cayman Empire Metals Ltd (J) St Helier KY1-1104 Fragrant Prosperity Holdings Ltd (J) Jersey T: +1 (0)345 949 8066 Jadestone Energy Inc. (J) JE2 4SL F: +1 (0)345 949 8080 Kropz PLC (J) T: +44 (0)1534 712 900 Minds + Machines Group Ltd (J) Polo Resources Ltd (J) F: +44 (0)1534 712 901 Premier African Minerals Ltd (J) Vertu Capital Ltd (J)

CAINS Fort Anne Douglas Isle of Man IM1 5PD T: +44 (0)1624 638 300 T: +44 (0)1624 638 333

106 Corporate Advisers Rankings Guide 107 SR_Advert-1.pdf 1 02/01/2019 17:25

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REGISTRARS

• Equiniti takes the lead from Computershare by total client market-cap • Computershare gains three clients in the FTSE 250 rankings. • The City Partnership (UK) registered the sole net increase over the quarter

Total Market FTSE 250 Somewhat predictably, the three leading registrars – Link Group, Numeric losses for both Equiniti and Link Group were Computershare Investor Services and Equiniti – all saw their Computershare’s gain in the FTSE 250 rankings. The registrar has numbers pull back over the quarter, while only The City Partnership been appointed by Ninety One, a spin-off formerly known as Investec (UK) registered an increase with Blackfinch Spring VCT. The aggregate Asset Management. Equiniti did secure new mandates through the market-cap of constituents has retraced slightly since the first quarter period, but its advantage over the field has diminished. sell-off, but the lockdown and its negative impact on public markets Small-Cap/Fledgling has continued for longer than many City analysts had hoped. Equiniti was the only one of the leading registrars to mark an Initial public offerings (IPOs) are still being shelved or cancelled improvement in the Small-Cap/Fledgling rankings. Link Group still outright, but the South China Post reports that Beijing has signalled enjoys a significant advantage over its industry peers. that it intends to push ahead with the listing of more global depositary receipts (GDRs) on the London Stock Exchange. China is Total AIM looking to reduce overseas funding from the US as both trade and The AIM rankings were unchanged from the previous quarter, with political relations continue to deteriorate between the world’s two Link Group leading the way from Computershare Investor Services largest economies. On this basis, Equiniti has taken the lead from and Neville Registrars. However, matters were suitably grim on Computershare by the highest capitalised clients. the listing front. New issues had all but dried-up during March and FTSE 100 through into April. The secondary market on AIM has been holding up, particularly with emergency capital-raising to the fore. The Equiniti edged further ahead in the FTSE top-tier rankings, even We are the high quality registrar for informed businesses that number of cancellations on AIM has easily outstripped new issues though the aggregate market-cap of its constituents has contracted appreciate the benefits of a professional and personal service over the period. It is difficult to imagine that this trend will not be in line with the UK benchmark average. Computershare Investor maintained through the remainder of the year. and that really care about their shareholders. Services and Link Group make up the placings. With one dedicated manager per client our deep experience, coupled with our approachable and understanding style means that we regularly go further. Whether you are looking to list or change registrar please contact us for a quote and any further information at [email protected] or on 01252 821390.

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Corporate Advisers Rankings Guide 109 REGISTRARS

A-Z Total number of Stock Market clients Total Market Cap of Stock Market clients (£M) RANK REGISTRAR MAY ‘20 FEB ‘20 RANK REGISTRAR MAY ‘20 FEB ‘20 1 (1) - LINK GROUP 689 (707) 1 (2) EQUINITI 913,193 (1,069,393) 2 (2) - COMPUTERSHARE INVESTOR SERVICES 538 (541) 2 (1) COMPUTERSHARE INVESTOR SERVICES 881,741 (1,211,866) 3 (3) - EQUINITI 310 (312) 3 (3) LINK GROUP 522,072 (661,054) 4 (4) - NEVILLE REGISTRARS 133 (133) 4 (4) WELLS FARGO SHAREOWNER SERVICES 122,402 (117,429) 5 (5) - SHARE REGISTRARS 112 (112) 5 (5) JARDINE MATHESON INTERNATIONAL SERVICES 85,157 (82,601) 6 (6) - SLC REGISTRARS 24 (24) 6 (6) JSC DRAGA 47,347 (63,521) 7 (7) - ANSON REGISTRARS 8 (8) 7 (7) LLC REESTR-RN 37,659 (60,251) 8 (8) - THE CITY PARTNERSHIP (UK) 7 (6) 8 (9) JSC INDEPENDENT REGISTRAR COMPANY 36,337 (44,022) 9 (9) - CYMAIN REGISTRARS 5 (5) 9 (8) LLC REGISTRATOR GARANT 35,289 (57,392) 9 (9) - JARDINE MATHESON INTERNATIONAL SERVICES 5 (5) 10 (10) EUROASIAN REGISTRAR 12,845 (19,800) 11 (11) - AVENIR REGISTRARS 3 (3) 11 (12) BNP PARIBAS FUND SERVICES 11,255 (15,762) 11 (11) - FIM CAPITAL 3 (3) 12 - ZAO PARTNYOR 7,930 -

ANSON REGISTRARS LTD ASOS PLC Cambria Automobiles PLC Anson House Assura PLC Cambridge Cognition Holdings PLC Havilland Street ATTRAQT Group PLC Camellia PLC St Peter Port Audioboom Group PLC Capita PLC Augmentum Fintech PLC Capital & Counties Properties PLC (J) Guernsey LINK GROUP Aurora Investment Trust PLC CareTech Holdings PLC T: +44 (0)1481 722 260 65 Gresham Street Autins Group PLC Caribbean Investment Holdings Ltd London Auto Trader Group PLC Carr's Group PLC EC2V 7NQ Avacta Group PLC Caspian Sunrise PLC T: +44 (0)870 402 7573 AVEVA Group PLC Castings PLC CAINS FIDUCIARIES LTD www.linkassetservices.com AVI Japan Opportunity Trust PLC Castleton Technology PLC Fort Anne Avingtrans PLC CATCo Reinsurance Opportunities Fund Ltd Douglas 1Spatial PLC Avon Rubber PLC Catenae Innovation PLC Isle Of Man 3i Infrastructure PLC Axiom European Financial Debt Fund Ltd Cathay International Holdings Ltd T: +44 (0)1624 638300 4D pharma PLC B&M European Value Retail SA CC Japan Income & Growth Trust PLC 4imprint Group PLC B.P. Marsh & Partners PLC Ceiba Investments Ltd 600 Group (The) PLC B.S.D Crown Ltd Cenkos Securities PLC 7digital Group PLC Babcock International Group PLC CentralNic Group PLC COMPUTERSHARE INVESTOR 888 Holdings PLC Bacanora Lithium PLC Chaarat Gold Holdings Ltd SERVICES PLC Aberdeen Asian Income Fund Ltd Bagir Group Ltd Chariot Oil & Gas Ltd PO Box 82 Aberdeen Emerging Markets Investment Co. Ltd Bahamas Petroleum Company PLC Charles Stanley Group PLC Balfour Beatty PLC Checkit PLC The Pavilions Aberdeen Frontier Markets Investment Co. Ltd Aberdeen Japan Investment Trust PLC Bank of Cyprus Holdings PLC Chenavari Capital Solutions Ltd Bridgwater Road Baring Emerging Europe PLC Chesnara PLC Bristol Aberforth Smaller Companies Trust PLC Aberforth Split Level Income Trust PLC Barratt Developments PLC Christie Group PLC BS13 8AE Accrol Group Holdings PLC BATM Advanced Communications Ltd Chrysalis VCT PLC T: +44 370 702 0003 Actual Experience PLC BB Healthcare Trust PLC Cineworld Group PLC ADES International Holding PLC Bellway PLC City Merchants High Yield Trust Ltd Admiral Group PLC Berkeley Group Holdings (The) PLC City of London Group PLC CYMAIN REGISTRARS LTD Advanced Medical Solutions Group PLC Bermele PLC City of London Investment Group PLC 26 Vyronos Avenue Advanced Oncotherapy PLC Better Capital PCC Ltd Civitas Social Housing PLC 1096 Nicosia Aeorema Communications PLC Bezant Resources PLC Clarke (T.) PLC Billington Holdings PLC ClearStar, Inc. T: +357 (0)22 104 452 Afarak Group PLC AfriTin Mining Ltd Bion PLC Close Brothers Group PLC Aggreko PLC BioPharma Credit PLC CloudCall Group PLC Agronomics Ltd Biotech Growth Trust (The) PLC CMC Markets PLC Bisichi PLC Cobra Resources PLC EQUINITI LIMITED Air Partner PLC AIREA PLC Blackbird PLC Codemasters Group Holdings PLC Aspect House Blackstone/GSO Loan Financing Ltd Cohort PLC Spencer Road AJ Bell PLC Allergy Therapeutics PLC Bloomsbury Publishing PLC Collagen Solutions PLC Lancing Alliance Pharma PLC Blue Planet Investment Trust PLC Compass Group PLC BN99 6DA Allianz Technology Trust PLC Blue Prism Group PLC Comptoir Group PLC T: +44 (0)371 384 2030 Allied Minds PLC Blue Star Capital PLC Conroy Gold and Natural Resources PLC Alpha Growth PLC Bluefield Solar Income Fund Ltd Corero Network Security PLC Alternative Liquidity Fund Ltd Bluejay Mining PLC Coro Energy PLC Amiad Water Systems Ltd BMO Private Equity Trust PLC Countrywide PLC FIM CAPITAL LIMITED Amigo Holdings PLC Boku, Inc. CPPGroup PLC 55 Athol Street Amino Technologies PLC boohoo group PLC Craneware PLC Borders & Southern Petroleum PLC Cranswick PLC Douglas Amryt Pharma PLC Amur Minerals Corporation BP PLC Craven House Capital PLC Isle Of Man Braemar Shipping Services PLC Creightons PLC T: +44 (0)1624 681250 ANGLE PLC Anglesey Mining PLC Brave Bison Group PLC CRH PLC Anglo Asian Mining PLC Braveheart Investment Group PLC Croda International PLC Anglo-Eastern Plantations PLC Breedon Group PLC Cropper (James) PLC Animalcare Group PLC Brickability Group PLC Crystal Amber Fund Ltd AO World PLC British Smaller Companies VCT 2 PLC Custodian REIT PLC Apax Global Alpha Ltd British Smaller Companies VCT PLC Dart Group PLC Applegreen PLC Brooks Macdonald Group PLC DCD Media PLC Applied Graphene Materials PLC Brown (N) Group PLC Destiny Pharma PLC APQ Global Ltd Brunner Investment Trust (The) PLC Dewhurst PLC Aptitude Software Group PLC Bushveld Minerals Ltd Diaceutics PLC Arbuthnot Banking Group PLC Byotrol PLC Diageo PLC Arcontech Group PLC C&C Group PLC Dillistone Group PLC Arden Partners PLC C4X Discovery Holdings PLC Directa Plus PLC Argo Group Ltd Cadogan Petroleum PLC Diurnal Group PLC Artemis Alpha Trust PLC Caffyns PLC Diverse Income Trust (The) PLC Ashley House PLC Caledonia Investments PLC Dods Group PLC Cambium Global Timberland Ltd Downing Four VCT PLC

110 Corporate Advisers Rankings Guide 111 REGISTRARS

Downing ONE VCT PLC Hammerson PLC Litigation Capital Management Ltd On the Beach Group PLC Downing THREE VCT PLC Hansa Investment Company Ltd Live Company Group PLC Oncimmune Holdings PLC Downing TWO VCT PLC Hansard Global PLC Livermore Investments Group Ltd OnTheMarket PLC DP Aircraft I Ltd Harbourvest Global Private Equity Ltd LMS Capital PLC OPG Power Ventures PLC DP Eurasia N.V. Hargreaves Services PLC Lok'nStore Group PLC Origin Enterprises PLC Draper Esprit VCT PLC Headlam Group PLC London & Associated Properties PLC Origo Partners PLC DX (Group) PLC Heath (Samuel) & Sons PLC London Security PLC Oryx International Growth Fund Ltd easyHotel PLC Helical PLC LondonMetric Property PLC Oxford BioDynamics PLC Echo Energy PLC Herald Investment Trust PLC Lookers PLC Oxford BioMedica PLC Eckoh PLC Hibernia REIT PLC Loungers PLC Oxford Instruments PLC Ecofin Global Utilities & Infrastructure Trust PLC HICL Infrastructure PLC LPA Group PLC Oxford Metrics PLC Eddie Stobart Logistics PLC Highcroft Investments PLC LSL Property Services PLC PageGroup PLC Eden Research PLC Highland Gold Mining Ltd Luceco PLC Palace Capital PLC Edenville Energy PLC Hikma Pharmaceuticals PLC LXI REIT PLC Pan African Resources PLC Edinburgh Investment Trust (The) PLC Hochschild Mining PLC M Winkworth PLC Pantheon International PLC eEnergy Group PLC Hollywood Bowl Group PLC M&G Credit Income Investment Trust PLC Panther Securities PLC Egdon Resources PLC Horizon Discovery Group PLC Macau Property Opportunities Fund Ltd Path Investments PLC EIH PLC Hornby PLC Management Consulting Group PLC Pathfinder Minerals PLC EKF Diagnostics Holdings PLC Hotel Chocolat Group PLC Manchester & London Investment Trust PLC PayPoint PLC EMIS Group PLC Hummingbird Resources PLC Marlowe PLC PCI-PAL PLC Empresaria Group PLC HWSI Realisation Fund Ltd Marshall Motor Holdings PLC Pembridge Resources PLC Empyrean Energy PLC Hydrodec Group PLC Martin Currie Global Portfolio Trust PLC Pendragon PLC EnQuest PLC Hydrogen Group PLC Marwyn Value Investors Ltd Pennon Group PLC Epwin Group PLC i3 Energy PLC Matomy Media Group Ltd Permanent tsb Group Holdings PLC EQTEC PLC Ibstock PLC Mattioli Woods PLC Perpetual Income and Growth Inv. Trust PLC Equals Group PLC ICG-Longbow Senior Secured UK Property Debt Invs. Ltd Maven Income and Growth VCT 3 PLC Pershing Square Holdings Ltd Ethernity Networks Ltd iEnergizer Ltd Maven Income and Growth VCT 4 PLC Personal Group Holdings PLC Eurasia Mining PLC IG Design Group PLC Maven Income and Growth VCT 5 PLC Petra Diamonds Ltd European Opportunities Trust PLC IMImobile PLC Maven Income and Growth VCT PLC Petropavlovsk PLC eve Sleep PLC Impact Healthcare REIT PLC MaxCyte, Inc. Phoenix Spree Deutschland Ltd Experian PLC Impax Asset Management Group PLC McBride PLC Photo-Me International PLC Fair Oaks Income Ltd Impax Environmental Markets PLC McCarthy & Stone PLC Physiomics PLC FastForward Innovations Ltd Impellam Group PLC Medica Group PLC Pittards PLC FDM Group (Holdings) PLC Income & Growth VCT (The) PLC Menhaden PLC Plaza Centers N.V. Fevertree Drinks PLC Infrastrata PLC Mercantile Ports and Logistics Ltd Plus500 Ltd Fidelity Asian Values PLC Ingenta PLC Merchants Trust (The) PLC Pollen Street Secured Lending PLC Fidelity China Special Situations PLC Inland Homes PLC Mereo BioPharma Group PLC Polypipe Group PLC Fidelity European Values PLC Inspiration Healthcare Group PLC Metal Tiger PLC Portmeirion Group PLC Fidelity Japan Trust PLC Integrated Diagnostics Holdings PLC Metals Exploration PLC Porvair PLC Fidelity Special Values PLC Intelligent Ultrasound Group PLC Midwich Group PLC PPHE Hotel Group Ltd FIH Group PLC International Personal Finance PLC Mila Resources PLC Premier Global Infrastructure Trust PLC Filtronic PLC International Public Partnerships Ltd Mineral & Financial Investments Ltd Premier Miton Group PLC Finablr PLC Intu Properties PLC Mirada PLC Premier Oil PLC Finsbury Food Group PLC Invesco Asia Trust PLC MITIE Group PLC Premier Veterinary Group PLC Finsbury Growth & Income Trust PLC Invesco Enhanced Income Ltd Miton Global Opportunities PLC Princess Private Equity Holding Ltd First Property Group PLC Invesco Income Growth Trust PLC Miton UK MicroCap Trust PLC PROACTIS Holdings PLC Fisher (James) & Sons PLC Invesco Perpetual Select Trust PLC MJ Gleeson PLC Proteome Sciences PLC Fiske PLC Invesco Perpetual UK Smaller Cos. Inv. Trust PLC MJ Hudson Group PLC ProVen Growth & Income VCT PLC Flowtech Fluidpower PLC Iofina PLC Mobeus Income & Growth 2 VCT PLC ProVen VCT PLC Flutter Entertainment PLC Iomart Group PLC Mobeus Income & Growth 4 VCT PLC Provident Financial PLC Forterra PLC IP Group PLC Mobile Tornado Group PLC PRS REIT (The) PLC Foxtons Group PLC IQE PLC Mondi PLC Purplebricks Group PLC French Connection Group PLC IRF European Finance Investments Ltd (J) Moneysupermarket.com Group PLC Quartix Holdings PLC Frontier Developments PLC Ironveld PLC Montanaro UK Smaller Companies Inv. Trust PLC Quarto Group (The) Inc. Fulcrum Utility Services Ltd Itaconix PLC Morses Club PLC Quilter PLC (J) Fundsmith Emerging Equities Trust PLC ITM Power PLC Moss Bros Group PLC Quiz PLC Fusion Antibodies PLC ITV PLC Motorpoint Group PLC R.E.A. Holdings PLC Futura Medical PLC IWG PLC Mountview Estates PLC Raven Property Group Ltd G3 Exploration Ltd James Halstead PLC Mpac Group PLC RDI REIT PLC G4S PLC Jaywing PLC MS International PLC RDL Realisation PLC Galantas Gold Corporation JLEN Environmental Assets Group Ltd Murray Income Trust PLC reach4entertainment Enterprises PLC Gamma Communications PLC Johnson Service Group PLC Murray International Trust PLC Real Estate Credit Investments Ltd Gateley (Holdings) PLC Journeo PLC Myanmar Investments International Ltd Real Estate Investors PLC Gattaca PLC JPEL Private Equity Ltd MyCelx Technologies Corporation Real Good Food PLC GCM Resources PLC JPMorgan Global Core Real Assets Ltd NAHL Group PLC Record PLC GCP Asset Backed Income Fund Ltd Jubilee Metals Group PLC (J) Nakama Group PLC Redcentric PLC GCP Infrastructure Investments Ltd Judges Scientific PLC Naked Wines PLC Redde Northgate PLC GCP Student Living PLC Jupiter Emerging & Frontier Income Trust PLC National World PLC Regional REIT Ltd Gear4music (Holdings) PLC Jupiter Fund Management PLC NB Distressed Debt Investment Fund Ltd Renalytix AI PLC Gem Diamonds Ltd Jupiter Green Investment Trust PLC NB Global Floating Rate Income Fund Ltd Renew Holdings PLC GETECH Group PLC Jupiter UK Growth Investment Trust PLC NB Private Equity Partners Ltd Renewables Infrastructure Group (The) Ltd Gfinity PLC K3 Business Technology Group PLC Nektan PLC Renold PLC GLI Finance Ltd Kainos Group PLC Network International Holdings PLC Residential Secure Income PLC GlobalData PLC Karelian Diamond Resources PLC New Trend Lifestyle Group PLC Restore PLC Globalworth Real Estate Investments Ltd Katoro Gold PLC Newmark Security PLC Revolution Bars Group PLC Golden Rock Global PLC Kazera Global PLC NewRiver REIT PLC Ricardo PLC Gooch & Housego PLC Keystone Investment Trust PLC Next Fifteen Communications Group PLC Rightmove PLC Grafenia PLC Keywords Studios PLC NextEnergy Solar Fund Ltd Rights and Issues Investment Trust PLC Grafton Group PLC Kibo Energy PLC Nexus Infrastructure PLC Riverstone Credit Opportunities Income PLC Grainger PLC Kier Group PLC Nichols PLC Riverstone Energy Ltd Great Portland Estates PLC Kin and Carta PLC nmcn PLC RM PLC Greggs PLC Kingswood Holdings Ltd Norcros PLC RM Secured Direct Lending PLC Gresham House Renewable Energy VCT 1 PLC Kromek Group PLC Norman Broadbent PLC Robert Walters PLC Gresham House Renewable Energy VCT 2 PLC Kropz PLC North Atlantic Smaller Companies Inv. Trust PLC RockRose Energy PLC Gresham House Strategic PLC Lamprell PLC Northbridge Industrial Services PLC Rose Petroleum PLC Griffin Mining Ltd Lancashire Holdings Ltd Northern Bear PLC Rosslyn Data Technologies PLC Grit Real Estate Income Group Ltd (J) Leeds Group PLC Nostrum Oil & Gas PLC RTW Venture Fund Ltd Gulf Investment Fund PLC Legal & General Group PLC Nuformix PLC Rurelec PLC Gusbourne PLC LiDCO Group PLC NWF Group PLC RWS Holdings PLC GYG PLC Life Settlement Assets PLC Ocado Group PLC Ryanair Holdings PLC Gym Group (The) PLC Lindsell Train Investment Trust (The) PLC Ocean Wilsons Holdings Ltd (J) S & U PLC Halfords Group PLC Liontrust Asset Management PLC Old Mutual Ltd (J) Safe Harbour Holdings PLC

110 Corporate Advisers Rankings Guide 111 REGISTRARS

Safestay PLC Van Elle Holdings PLC Energiser Investments PLC Worthington Group PLC Safestore Holdings PLC Vast Resources PLC EVR Holdings PLC Wynnstay Group PLC Safestyle UK PLC Velocys PLC FastJet PLC Xeros Technology Group PLC Saga PLC Venture Life Group PLC FireAngel Safety Technology Group PLC YouGov PLC Sareum Holdings PLC Vertu Motors PLC First Derivatives PLC Yü Group PLC Scapa Group PLC Vianet Group PLC Frenkel Topping Group PLC Zaim Credit Systems PLC Scholium Group PLC Victoria PLC FRP Advisory Group PLC Schroder UK Public Private Trust PLC Vintana PLC Galileo Resources PLC SDL PLC Vivo Energy PLC genedrive PLC SDX Energy PLC Volex PLC Gresham House PLC NORTHERN TRUST INTERNATIONAL Secure Income REIT PLC Volga Gas PLC Gunsynd PLC FUND ADMINISTRATION Secure Trust Bank PLC Volvere PLC Hawkwing PLC PO Box 71 Securities Trust of Scotland PLC Vp PLC Helios Underwriting PLC Trafalgar Court Serica Energy PLC VPC Specialty Lending Investments PLC Hermes Pacific Investments PLC Les Banques Share PLC Walker Greenbank PLC Hidong Estate PLC St. Peter Port Sherborne Investors (Guernsey) B Ltd WANdisco PLC Highway Capital PLC Sherborne Investors (Guernsey) C Ltd Warehouse REIT PLC Holders Technology PLC Guernsey Shield Therapeutics PLC Watchstone Group PLC Hunters Property PLC T: +44 (0)14 8174 5001 Shoe Zone PLC Watkin Jones PLC IDOX PLC Sigma Capital Group PLC Webis Holdings PLC Image Scan Holdings PLC Signature Aviation PLC Weiss Korea Opportunity Fund Ltd IMC Exploration Group PLC Silence Therapeutics PLC Wentworth Resources PLC Immotion Group PLC SIMEC Atlantis Energy Ltd (J) Westminster Group PLC India Capital Growth Fund Ltd Simplybiz Group (The) PLC Westmount Energy Ltd Integumen PLC Sirius Real Estate Ltd Whitbread PLC London Finance & Investment Group PLC (J) Slingsby (H.C.) PLC Wilmcote Holdings PLC LoopUp Group PLC SHARE REGISTRARS LIMITED SME Credit Realisation Fund Ltd Worldsec Ltd (J) Malvern International PLC The Courtyard Smithson Investment Trust PLC Worldwide Healthcare Trust PLC Mears Group PLC Smurfit Kappa Group PLC Wynnstay Properties PLC Microsaic Systems PLC 17 West Street Softcat PLC Xaar PLC Midatech Pharma PLC Farnham Sopheon PLC XLMedia PLC Mining, Minerals & Metals PLC Surrey Sound Energy PLC XP Power Ltd Minoan Group PLC GU9 7DR Spitfire Oil Ltd Xtract Resources PLC Mission Group (The) PLC T: +44 (0)1252 821 390 Sportech PLC Yellow Cake PLC Modern Water PLC F: +44 (0)1252 719 232 Springfield Properties PLC Yew Grove REIT PLC MySale Group PLC www.shareregistrars.uk.com SQN Asset Finance Income Fund Ltd Yourgene Health PLC N4 Pharma PLC SQN Secured Income Fund (The) PLC Zegona Communications PLC Nanoco Group PLC SSE PLC Zinc Media Group PLC Netcall PLC St Peter Port Capital Ltd NetScientific PLC SLC REGISTRARS LTD Stagecoach Group PLC New Century AIM VCT 2 PLC Standard Life Aberdeen PLC New Century AIM VCT PLC Ashley Park House Stanley Gibbons Group (The) PLC Norish PLC 42-50 Hersham Road Sterling Energy PLC Online Blockchain PLC Walton-on-Thames SThree PLC Oracle Power PLC Surrey Stobart Group Ltd Orchard Funding Group PLC KT12 1RZ Stock Spirits Group PLC Osirium Technologies PLC T: +44 (0)1372 467 308 Strix Group PLC Oxford Technology 2 Venture Capital Trust PLC STV Group PLC NEVILLE REGISTRARS LTD Oxford Technology 3 Venture Capital Trust PLC Summerway Capital PLC Oxford Technology 4 Venture Capital Trust PLC Sumo Group PLC Neville House Oxford Technology Venture Capital Trust PLC Sunrise Resources PLC Steelpark Road Panoply Holdings (The) PLC Supermarket Income REIT PLC Halesowen Pennant International Group PLC Sureserve Group PLC B62 8HD Phimedix PLC Surface Transforms PLC T: +44 (0)121 585 1131 PHSC PLC Symphony Environmental Technologies PLC F: +44 (0)121 585 1132 Plant Health Care PLC Symphony International Holdings Ltd www.nevilleregistrars.co.uk PowerHouse Energy Group PLC Synairgen PLC Pressure Technologies PLC Syncona Ltd Prime People PLC 1pm PLC Synectics PLC Prospex Oil and Gas PLC Access Intelligence PLC System1 Group PLC Proton Motor Power Systems PLC ADVFN PLC Tandem Group PLC Quixant PLC Agriterra Ltd Tanfield Group PLC Reabold Resources PLC Altitude Group PLC Tatton Asset Management PLC REACT Group PLC Altyn PLC Taylor Wimpey PLC Robinson PLC Anglo African Agriculture PLC Team17 Group PLC Rockpool Acquisitions PLC Aquila Services Group PLC Ted Baker PLC Ross Group PLC B90 Holdings PLC Telecom Plus PLC Rotala PLC Beowulf Mining PLC Telit Communications PLC Seneca Growth Capital VCT PLC Bidstack Group PLC Tertiary Minerals PLC Shearwater Group PLC Bilby PLC Thalassa Holdings Ltd Solid State PLC Biome Technologies PLC Third Point Offshore Investors Ltd SpaceandPeople PLC Boston International Holdings PLC Tissue Regenix Group PLC Spinnaker Opportunities PLC Braime Group PLC Titon Holdings PLC Supply@ME Capital PLC British & American Investment Trust PLC Tiziana Life Sciences PLC Surgical Innovations Group PLC Cadence Minerals PLC Tlou Energy Ltd (J) Touchstar PLC Cambria Africa PLC Topps Tiles PLC Tracsis PLC Cardiff Property (The) PLC Tower Resources PLC Trafalgar Property Group PLC Catalyst Media Group PLC Town Centre Securities PLC Trakm8 Holdings PLC Challenger Acquisitions Ltd TP ICAP PLC Transense Technologies PLC Chamberlin PLC Trans-Siberian Gold PLC Tricorn Group PLC Character Group (The) PLC Travis Perkins PLC Trident Resources PLC Chesterfield Resources PLC Treatt PLC Ukrproduct Group Ltd CML Microsystems PLC Tremor International Ltd United Carpets Group PLC Concepta PLC Tri-Star Resources PLC ValiRx PLC Crimson Tide PLC Trian Investors 1 Ltd Vela Technologies PLC Croma Security Solutions Group PLC Tribal Group PLC Verditek PLC Curzon Energy PLC Trinity Exploration & Production PLC Walker Crips Group PLC CVS Group PLC TUI AG Warpaint London PLC DeepMatter Group PLC Two Shields Investments PLC Water Intelligence PLC Dev Clever Holdings PLC Tyman PLC Wey Education PLC Driver Group PLC U and I Group PLC WH Ireland Group PLC e-Therapeutics PLC Universe Group PLC Woodbois Ltd Elecosoft PLC

112 Corporate Advisers Rankings Guide 113 REGISTRARS

FTSE 100 Number of clients Client Market Cap (£M) RANK REGISTRAR MAY ‘20 FEB ‘20 RANK REGISTRAR MAY ‘20 FEB ‘20 1 (1) - EQUINITI 45 (44) 1 (1) EQUINITI 729,266 (808,634) 2 (2) - COMPUTERSHARE INVESTOR SERVICES 29 (29) 2 (2) COMPUTERSHARE INVESTOR SERVICES 524,206 (652,678) 3 (3) - LINK GROUP 24 (25) 3 (3) LINK GROUP 315,302 (386,107)

EQUINITI LIMITED Diageo PLC Aspect House Experian PLC Spencer Road Flutter Entertainment PLC Lancing Hikma Pharmaceuticals PLC ITV PLC BN99 6DA LINK GROUP Legal & General Group PLC T: +44 (0)371 384 2030 65 Gresham Street Mondi PLC London Ocado Group PLC EC2V 7NQ Pennon Group PLC T: +44 (0)870 402 7573 Rightmove PLC COMPUTERSHARE INVESTOR www.linkassetservices.com Smurfit Kappa Group PLC SERVICES PLC SSE PLC PO Box 82 Admiral Group PLC Standard Life Aberdeen PLC The Pavilions Auto Trader Group PLC Taylor Wimpey PLC Bridgwater Road AVEVA Group PLC Whitbread PLC Bristol Barratt Developments PLC BS13 8AE Berkeley Group Holdings (The) PLC T: +44 370 702 0003 BP PLC Compass Group PLC CRH PLC Croda International PLC

FTSE 250 Number of clients Client Market Cap (£M) RANK REGISTRAR MAY ‘20 FEB ‘20 RANK REGISTRAR MAY ‘20 FEB ‘20 1 (1) - EQUINITI 88 (90) 1 (1) EQUINITI 118,747 (158,363) 2 (2) - LINK GROUP 84 (85) 2 (2) COMPUTERSHARE INVESTOR SERVICES 115,700 (147,137) 3 (3) - COMPUTERSHARE INVESTOR SERVICES 81 (78) 3 (3) LINK GROUP 108,228 (143,992) 4 (4) - JOINT STOCK COMPANY KAVKASREESTRI 1 (1) 4 (4) UNITED SECURITIES 1,479 (2,743) 4 (4) - RBC INVESTOR SERVICES BANK S.A 1 (1) 5 (5) RBC INVESTOR SERVICES BANK S.A 1,013 (1,049) 4 (4) - UNITED SECURITIES 1 (1) 6 (6) JOINT STOCK COMPANY KAVKASREESTRI 453 (684)

EQUINITI LIMITED Caledonia Investments PLC McCarthy & Stone PLC COMPUTERSHARE INVESTOR Aspect House Capita PLC Moneysupermarket.com Group PLC SERVICES PLC Spencer Road Capital & Counties Properties PLC (J) Murray International Trust PLC PO Box 82 Lancing Cineworld Group PLC Network International Holdings PLC The Pavilions Close Brothers Group PLC NextEnergy Solar Fund Ltd Bridgwater Road BN99 6DA Cranswick PLC Oxford Instruments PLC T: +44 (0)371 384 2030 Edinburgh Investment Trust (The) PLC PageGroup PLC Bristol European Opportunities Trust PLC Pantheon International PLC BS13 8AE FDM Group (Holdings) PLC PayPoint PLC T: +44 370 702 0003 Fidelity China Special Situations PLC Perpetual Income and Growth Inv. Trust PLC Fidelity European Values PLC Pershing Square Holdings Ltd Fidelity Special Values PLC Petropavlovsk PLC Finsbury Growth & Income Trust PLC Plus500 Ltd Fisher (James) & Sons PLC Pollen Street Secured Lending PLC Forterra PLC Polypipe Group PLC LINK GROUP G4S PLC PPHE Hotel Group Ltd 65 Gresham Street GCP Infrastructure Investments Ltd Provident Financial PLC London GCP Student Living PLC Quilter PLC (J) EC2V 7NQ Grafton Group PLC Renewables Infrastructure Group (The) Ltd T: +44 (0)870 402 7573 Grainger PLC Safestore Holdings PLC www.linkassetservices.com Great Portland Estates PLC Signature Aviation PLC Greggs PLC Sirius Real Estate Ltd Hammerson PLC Smithson Investment Trust PLC 3i Infrastructure PLC Harbourvest Global Private Equity Ltd Softcat PLC 4imprint Group PLC Herald Investment Trust PLC Stagecoach Group PLC Aberforth Smaller Companies Trust PLC HICL Infrastructure PLC Syncona Ltd Aggreko PLC Hochschild Mining PLC Telecom Plus PLC AJ Bell PLC Ibstock PLC TP ICAP PLC Allianz Technology Trust PLC Impax Environmental Markets PLC Travis Perkins PLC Apax Global Alpha Ltd International Public Partnerships Ltd TUI AG Assura PLC IP Group PLC Vivo Energy PLC Avon Rubber PLC IWG PLC Worldwide Healthcare Trust PLC B&M European Value Retail SA Jupiter Fund Management PLC XP Power Ltd Babcock International Group PLC Kainos Group PLC Balfour Beatty PLC Lancashire Holdings Ltd Bellway PLC LondonMetric Property PLC C&C Group PLC LXI REIT PLC

112 Corporate Advisers Rankings Guide 113 REGISTRARS

FTSE Small Cap/Fledgling Number of clients Client Market Cap (£M) RANK REGISTRAR MAY ‘20 FEB ‘20 RANK REGISTRAR MAY ‘20 FEB ‘20 1 (1) - LINK GROUP 148 (154) 1 (1) LINK GROUP 27,393 (40,560) 2 (2) - COMPUTERSHARE INVESTOR SERVICES 104 (108) 2 (2) COMPUTERSHARE INVESTOR SERVICES 21,792 (29,766) 3 (3) - EQUINITI 93 (92) 3 (3) EQUINITI 17,911 (24,065) 4 (4) - NEVILLE REGISTRARS 8 (8) 4 (6) PRAXIS FUND SERVICES 421 (396) 5 (5) - SHARE REGISTRARS 5 (5) 5 (4) SHARE REGISTRARS 410 (630) 6 (6) - ANSON REGISTRARS 1 (1) 6 (5) NEVILLE REGISTRARS 308 (527) 6 (6) - PRAXIS FUND SERVICES 1 (1) 7 (7) ANSON REGISTRARS 43 (45)

Impact Healthcare REIT PLC Securities Trust of Scotland PLC International Personal Finance PLC SME Credit Realisation Fund Ltd Intu Properties PLC Sportech PLC Invesco Asia Trust PLC SQN Asset Finance Income Fund Ltd Invesco Income Growth Trust PLC SThree PLC SHARE REGISTRARS LIMITED LINK GROUP Invesco Perpetual UK Smaller Companies Inv. Stobart Group Ltd 65 Gresham Street The Courtyard Trust PLC Stock Spirits Group PLC 17 West Street London JLEN Environmental Assets Group Ltd STV Group PLC EC2V 7NQ Jupiter Emerging & Frontier Income Trust PLC Ted Baker PLC Farnham T: +44 (0)870 402 7573 Jupiter Green Investment Trust PLC Topps Tiles PLC Surrey www.linkassetservices.com Jupiter UK Growth Investment Trust PLC Town Centre Securities PLC GU9 7DR Keystone Investment Trust PLC Treatt PLC T: +44 (0)1252 821 390 888 Holdings PLC Kier Group PLC Tyman PLC F: +44 (0)1252 719 232 Aberdeen Asian Income Fund Ltd Kin and Carta PLC U and I Group PLC www.shareregistrars.uk.com Aberdeen Japan Investment Trust PLC Lamprell PLC Vp PLC Aberforth Split Level Income Trust PLC Lindsell Train Investment Trust (The) PLC Xaar PLC Air Partner PLC Liontrust Asset Management PLC Allied Minds PLC LMS Capital PLC ANSON REGISTRARS LTD Amigo Holdings PLC Lookers PLC Anson House LSL Property Services PLC COMPUTERSHARE INVESTOR Anglesey Mining PLC Havilland Street Luceco PLC SERVICES PLC Anglo-Eastern Plantations PLC St Peter Port M&G Credit Income Investment Trust PLC PO Box 82 AO World PLC Guernsey Aptitude Software Group PLC Macau Property Opportunities Fund Ltd The Pavilions T: +44 (0)1481 722 260 Artemis Alpha Trust PLC Management Consulting Group PLC Bridgwater Road Manchester & London Investment Trust PLC Augmentum Fintech PLC Bristol Aurora Investment Trust PLC Martin Currie Global Portfolio Trust PLC McBride PLC BS13 8AE AVI Japan Opportunity Trust PLC T: +44 370 702 0003 Axiom European Financial Debt Fund Ltd Medica Group PLC Baring Emerging Europe PLC Menhaden PLC BATM Advanced Communications Ltd Merchants Trust (The) PLC MITIE Group PLC BB Healthcare Trust PLC EQUINITI LIMITED Better Capital PCC Ltd Miton Global Opportunities PLC Aspect House Biotech Growth Trust (The) PLC Miton UK MicroCap Trust PLC Bloomsbury Publishing PLC MJ Gleeson PLC Spencer Road Blue Planet Investment Trust PLC Montanaro UK Smaller Companies Inv. Trust PLC Lancing Bluefield Solar Income Fund Ltd Moss Bros Group PLC BN99 6DA BMO Private Equity Trust PLC Motorpoint Group PLC T: +44 (0)371 384 2030 Braemar Shipping Services PLC Murray Income Trust PLC Brown (N) Group PLC NB Global Floating Rate Income Fund Ltd Brunner Investment Trust (The) PLC NB Private Equity Partners Ltd Caffyns PLC NewRiver REIT PLC Carr's Group PLC nmcn PLC CC Japan Income & Growth Trust PLC Norcros PLC Chesnara PLC North Atlantic Smaller Companies Inv. Trust PLC City Merchants High Yield Trust Ltd Nostrum Oil & Gas PLC City of London Investment Group PLC On the Beach Group PLC Civitas Social Housing PLC Oxford BioMedica PLC NEVILLE REGISTRARS LTD Clarke (T.) PLC Palace Capital PLC CMC Markets PLC Pendragon PLC Neville House Countrywide PLC Petra Diamonds Ltd Steelpark Road Creightons PLC Phoenix Spree Deutschland Ltd Halesowen Custodian REIT PLC Photo-Me International PLC B62 8HD Porvair PLC Diverse Income Trust (The) PLC T: +44 (0)121 585 1131 DP Eurasia N.V. Premier Global Infrastructure Trust PLC Premier Oil PLC F: +44 (0)121 585 1132 Ecofin Global Utilities & Infrastructure Trust PLC www.nevilleregistrars.co.uk EnQuest PLC R.E.A. Holdings PLC Fidelity Asian Values PLC Raven Property Group Ltd Fidelity Japan Trust PLC RDI REIT PLC British & American Investment Trust PLC Finablr PLC RDL Realisation PLC Cardiff Property (The) PLC Foxtons Group PLC Real Estate Credit Investments Ltd India Capital Growth Fund Ltd French Connection Group PLC Record PLC London Finance & Investment Group PLC (J) Fundsmith Emerging Equities Trust PLC Redde Northgate PLC Mears Group PLC GCP Asset Backed Income Fund Ltd Regional REIT Ltd Nanoco Group PLC Gem Diamonds Ltd Residential Secure Income PLC Ross Group PLC Gym Group (The) PLC Revolution Bars Group PLC Walker Crips Group PLC Halfords Group PLC Ricardo PLC Hansard Global PLC Riverstone Energy Ltd Headlam Group PLC RM Secured Direct Lending PLC Helical PLC Robert Walters PLC Highcroft Investments PLC S & U PLC Hollywood Bowl Group PLC Saga PLC ICG-Longbow Senior Secured UK Property Debt Invs. Ltd Schroder UK Public Private Trust PLC SDL PLC

114 Corporate Advisers Rankings Guide 115 REGISTRARS

Total AIM Clients Number of clients Client Market Cap (£M) RANK REGISTRAR MAY ‘20 FEB ‘20 RANK REGISTRAR MAY ‘20 FEB ‘20 1 (1) - LINK GROUP 342 (350) 1 (1) LINK GROUP 49,107 (58,448) 2 (2) - COMPUTERSHARE INVESTOR SERVICES 213 (215) 2 (2) COMPUTERSHARE INVESTOR SERVICES 18,563 (21,798) 3 (3) - NEVILLE REGISTRARS 99 (100) 3 (3) EQUINITI 10,404 (12,763) 4 (4) - SHARE REGISTRARS 92 (92) 4 (4) NEVILLE REGISTRARS 4,580 (4,821) 5 (5) - EQUINITI 63 (63) 5 (5) SHARE REGISTRARS 3,258 (3,740) 6 (6) - SLC REGISTRARS 18 (18) 6 (6) SLC REGISTRARS 1,109 (1,379) 7 (7) - CYMAIN REGISTRARS 4 (4) 7 (7) CYMAIN REGISTRARS 198 (337)

Cambria Automobiles PLC Gamma Communications PLC Mercantile Ports and Logistics Ltd Cambridge Cognition Holdings PLC Gateley (Holdings) PLC Mereo BioPharma Group PLC Camellia PLC Gattaca PLC Metal Tiger PLC CareTech Holdings PLC GCM Resources PLC Metals Exploration PLC Caribbean Investment Holdings Ltd Gear4music (Holdings) PLC Midwich Group PLC LINK GROUP Caspian Sunrise PLC GETECH Group PLC Mineral & Financial Investments Ltd 65 Gresham Street Castleton Technology PLC Gfinity PLC Mirada PLC London Catenae Innovation PLC GLI Finance Ltd MJ Hudson Group PLC EC2V 7NQ Cenkos Securities PLC GlobalData PLC Mobile Tornado Group PLC T: +44 (0)870 402 7573 CentralNic Group PLC Globalworth Real Estate Investments Ltd Morses Club PLC www.linkassetservices.com Chaarat Gold Holdings Ltd Gooch & Housego PLC Mpac Group PLC Chariot Oil & Gas Ltd Grafenia PLC MS International PLC 1Spatial PLC Checkit PLC Gresham House Strategic PLC Myanmar Investments International Ltd 4D pharma PLC Christie Group PLC Griffin Mining Ltd MyCelx Technologies Corporation 600 Group (The) PLC City of London Group PLC Gusbourne PLC NAHL Group PLC 7digital Group PLC ClearStar, Inc. GYG PLC Nakama Group PLC Aberdeen Frontier Markets Investment Co. Ltd CloudCall Group PLC Hargreaves Services PLC Naked Wines PLC Accrol Group Holdings PLC Codemasters Group Holdings PLC Heath (Samuel) & Sons PLC Nektan PLC Actual Experience PLC Cohort PLC Highland Gold Mining Ltd New Trend Lifestyle Group PLC Advanced Medical Solutions Group PLC Collagen Solutions PLC Horizon Discovery Group PLC Newmark Security PLC Advanced Oncotherapy PLC Comptoir Group PLC Hornby PLC Next Fifteen Communications Group PLC Aeorema Communications PLC Conroy Gold and Natural Resources PLC Hotel Chocolat Group PLC Nexus Infrastructure PLC AfriTin Mining Ltd Corero Network Security PLC Hummingbird Resources PLC Nichols PLC Agronomics Ltd Coro Energy PLC Hydrodec Group PLC Norman Broadbent PLC AIREA PLC CPPGroup PLC Hydrogen Group PLC Northbridge Industrial Services PLC Allergy Therapeutics PLC Craneware PLC i3 Energy PLC Northern Bear PLC Alliance Pharma PLC Craven House Capital PLC iEnergizer Ltd NWF Group PLC Amiad Water Systems Ltd Cropper (James) PLC IG Design Group PLC Oncimmune Holdings PLC Amino Technologies PLC Crystal Amber Fund Ltd IMImobile PLC OnTheMarket PLC Amryt Pharma PLC Dart Group PLC Impax Asset Management Group PLC OPG Power Ventures PLC Amur Minerals Corporation DCD Media PLC Impellam Group PLC Origin Enterprises PLC ANGLE PLC Destiny Pharma PLC Infrastrata PLC Origo Partners PLC Anglo Asian Mining PLC Dewhurst PLC Ingenta PLC Oxford BioDynamics PLC Animalcare Group PLC Diaceutics PLC Inland Homes PLC Oxford Metrics PLC Applegreen PLC Dillistone Group PLC Inspiration Healthcare Group PLC Pan African Resources PLC Applied Graphene Materials PLC Directa Plus PLC Intelligent Ultrasound Group PLC Panther Securities PLC APQ Global Ltd Diurnal Group PLC Iofina PLC Pathfinder Minerals PLC Arbuthnot Banking Group PLC Dods Group PLC Iomart Group PLC PCI-PAL PLC Arcontech Group PLC DX (Group) PLC IQE PLC Personal Group Holdings PLC Arden Partners PLC easyHotel PLC Ironveld PLC Physiomics PLC Argo Group Ltd Echo Energy PLC Itaconix PLC Pittards PLC Ashley House PLC Eckoh PLC ITM Power PLC Portmeirion Group PLC ASOS PLC Eddie Stobart Logistics PLC James Halstead PLC Premier Miton Group PLC ATTRAQT Group PLC Eden Research PLC Jaywing PLC PROACTIS Holdings PLC Audioboom Group PLC Edenville Energy PLC Johnson Service Group PLC Proteome Sciences PLC Autins Group PLC eEnergy Group PLC Journeo PLC Purplebricks Group PLC Avacta Group PLC Egdon Resources PLC Jubilee Metals Group PLC (J) Quartix Holdings PLC Avingtrans PLC EIH PLC Judges Scientific PLC Quiz PLC B.P. Marsh & Partners PLC EKF Diagnostics Holdings PLC K3 Business Technology Group PLC reach4entertainment Enterprises PLC Bacanora Lithium PLC EMIS Group PLC Karelian Diamond Resources PLC Real Estate Investors PLC Bagir Group Ltd Empresaria Group PLC Katoro Gold PLC Real Good Food PLC Bahamas Petroleum Company PLC Empyrean Energy PLC Kazera Global PLC Redcentric PLC Bezant Resources PLC Epwin Group PLC Keywords Studios PLC Renalytix AI PLC Billington Holdings PLC EQTEC PLC Kibo Energy PLC Renew Holdings PLC Bion PLC Equals Group PLC Kingswood Holdings Ltd Renold PLC Blackbird PLC Ethernity Networks Ltd Kromek Group PLC Restore PLC Blue Prism Group PLC Eurasia Mining PLC Kropz PLC Rose Petroleum PLC Blue Star Capital PLC eve Sleep PLC Leeds Group PLC Rosslyn Data Technologies PLC Bluejay Mining PLC FastForward Innovations Ltd LiDCO Group PLC Rurelec PLC Boku, Inc. Fevertree Drinks PLC Litigation Capital Management Ltd RWS Holdings PLC boohoo group PLC FIH Group PLC Live Company Group PLC Safe Harbour Holdings PLC Borders & Southern Petroleum PLC Filtronic PLC Livermore Investments Group Ltd Safestay PLC Brave Bison Group PLC Finsbury Food Group PLC Lok'nStore Group PLC Safestyle UK PLC Braveheart Investment Group PLC First Property Group PLC London Security PLC Sareum Holdings PLC Breedon Group PLC Fiske PLC Loungers PLC Scapa Group PLC Brickability Group PLC Flowtech Fluidpower PLC LPA Group PLC Scholium Group PLC Brooks Macdonald Group PLC Frontier Developments PLC M Winkworth PLC SDX Energy PLC Bushveld Minerals Ltd Fulcrum Utility Services Ltd Marlowe PLC Secure Income REIT PLC Byotrol PLC Fusion Antibodies PLC Marshall Motor Holdings PLC Serica Energy PLC C4X Discovery Holdings PLC Futura Medical PLC Mattioli Woods PLC Share PLC Cambium Global Timberland Ltd Galantas Gold Corporation MaxCyte, Inc. Shield Therapeutics PLC

114 Corporate Advisers Rankings Guide 115 REGISTRARS

Shoe Zone PLC Proton Motor Power Systems PLC Sigma Capital Group PLC Quixant PLC Silence Therapeutics PLC Reabold Resources PLC SIMEC Atlantis Energy Ltd (J) REACT Group PLC Simplybiz Group (The) PLC Robinson PLC Slingsby (H.C.) PLC Rotala PLC Sopheon PLC NEVILLE REGISTRARS LTD Shearwater Group PLC Sound Energy PLC Neville House Solid State PLC Spitfire Oil Ltd Steelpark Road SpaceandPeople PLC Springfield Properties PLC Halesowen Surgical Innovations Group PLC St Peter Port Capital Ltd Touchstar PLC Stanley Gibbons Group (The) PLC B62 8HD Tracsis PLC Sterling Energy PLC T: +44 (0)121 585 1131 Trafalgar Property Group PLC Strix Group PLC F: +44 (0)121 585 1132 Trakm8 Holdings PLC Summerway Capital PLC www.nevilleregistrars.co.uk Transense Technologies PLC Sumo Group PLC Tricorn Group PLC Sunrise Resources PLC 1pm PLC Ukrproduct Group Ltd Sureserve Group PLC Access Intelligence PLC United Carpets Group PLC Surface Transforms PLC ADVFN PLC ValiRx PLC Symphony Environmental Technologies PLC Agriterra Ltd Vela Technologies PLC Synairgen PLC Altitude Group PLC Verditek PLC Synectics PLC B90 Holdings PLC Warpaint London PLC System1 Group PLC Beowulf Mining PLC Water Intelligence PLC Tandem Group PLC Bidstack Group PLC Wey Education PLC Tanfield Group PLC Bilby PLC WH Ireland Group PLC Tatton Asset Management PLC Biome Technologies PLC Woodbois Ltd Team17 Group PLC Braime Group PLC Wynnstay Group PLC Telit Communications PLC Cadence Minerals PLC Xeros Technology Group PLC Tertiary Minerals PLC Cambria Africa PLC YouGov PLC Tissue Regenix Group PLC Catalyst Media Group PLC Yü Group PLC Titon Holdings PLC Chamberlin PLC Tiziana Life Sciences PLC Character Group (The) PLC Tlou Energy Ltd (J) Concepta PLC Tower Resources PLC Crimson Tide PLC Trans-Siberian Gold PLC Croma Security Solutions Group PLC Tremor International Ltd CVS Group PLC Tri-Star Resources PLC DeepMatter Group PLC Tribal Group PLC Driver Group PLC SHARE REGISTRARS LIMITED Trinity Exploration & Production PLC e-Therapeutics PLC Two Shields Investments PLC Elecosoft PLC The Courtyard Universe Group PLC Energiser Investments PLC 17 West Street Van Elle Holdings PLC EVR Holdings PLC Farnham Vast Resources PLC FastJet PLC Surrey Velocys PLC FireAngel Safety Technology Group PLC GU9 7DR Venture Life Group PLC First Derivatives PLC T: +44 (0)1252 821 390 Vertu Motors PLC Frenkel Topping Group PLC F: +44 (0)1252 719 232 Vianet Group PLC FRP Advisory Group PLC www.shareregistrars.uk.com Victoria PLC Galileo Resources PLC Vintana PLC genedrive PLC Volex PLC Gresham House PLC Volga Gas PLC Gunsynd PLC EQUINITI LIMITED Volvere PLC Hawkwing PLC Walker Greenbank PLC Helios Underwriting PLC Aspect House WANdisco PLC Hermes Pacific Investments PLC Spencer Road Warehouse REIT PLC Holders Technology PLC Lancing Watchstone Group PLC Hunters Property PLC BN99 6DA Watkin Jones PLC IDOX PLC T: +44 (0)371 384 2030 Webis Holdings PLC Image Scan Holdings PLC Weiss Korea Opportunity Fund Ltd Immotion Group PLC Wentworth Resources PLC Integumen PLC Westminster Group PLC LoopUp Group PLC SLC REGISTRARS LTD Westmount Energy Ltd Malvern International PLC Ashley Park House Wilmcote Holdings PLC Microsaic Systems PLC 42-50 Hersham Road Wynnstay Properties PLC Midatech Pharma PLC XLMedia PLC Minoan Group PLC Walton-on-Thames Xtract Resources PLC Mission Group (The) PLC Surrey Yellow Cake PLC Modern Water PLC KT12 1RZ Yew Grove REIT PLC MySale Group PLC T: +44 (0)1372 467 308 Yourgene Health PLC N4 Pharma PLC Zinc Media Group PLC Netcall PLC NetScientific PLC Norish PLC CYMAIN REGISTRARS LTD Online Blockchain PLC 26 Vyronos Avenue COMPUTERSHARE INVESTOR Oracle Power PLC 1096 Nicosia SERVICES PLC Orchard Funding Group PLC T: +357 (0)22 104 452 PO Box 82 Osirium Technologies PLC The Pavilions Panoply Holdings (The) PLC Bridgwater Road Pennant International Group PLC Bristol Phimedix PLC PHSC PLC BS13 8AE Plant Health Care PLC T: +44 370 702 0003 PowerHouse Energy Group PLC Pressure Technologies PLC Prime People PLC Prospex Oil and Gas PLC

116 Corporate Advisers Rankings Guide 117 REGISTRARS

Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention

1 in 8 of 5-19 year olds in England had at least one mental health disorder in 2017 (NHS Digital, 2018)

stem4 provides information on identification, eating disorders self-harm intervention and effective management of stress & anxiety addiction commonly occurring teenage mental health issues, namely: depression And provides strategies to build resilience. Our impact

Figures correct as of June 2019 Please help us to promote positive mental health in teenagers by donating to stem4 at www.stem4.org.uk

Wimbledon Business Centre, Old Town Hall, 4 Queens Road, London SW19 8YB Registered Charity Number 1144506 @stem4org 116 Corporate Advisers Rankings Guide 117 CONFIDENCE WHEN IT COUNTS

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• J.P.Morgan Cazenove adds three FTSE 100 clients • Peel Hunt changes places with Numis Securities to take the silver medal in the Health Care rankings CONFIDENCE • Numis Securities takes the lead in the Financials & Real Estate rankings

WHEN IT Total Market It was a relatively sedate affair in the top half of our stockbroker edged up into fourth place via a solitary gain, while Novum Securities rankings, with both Numis Securities and Morgan Stanley & Co is one behind in a share of fifth after it was appointed by Pathfinder remaining out in front of the field by overall numbers and aggregate Minerals. Berenberg was also heading in the right direction courtesy client market-cap, respectively. Deutsche Bank added a net two new of a new mandate from Capital Drilling Ltd. It was joined by Turner clients and moved up to sixth by client market-cap. N+1 Singer was Pope Investments in a share of eighth place with J.P.Morgan the only adviser to make inroads through the mid-table positions. Cazenove. finnCap jumps straight into the rankings in 11th place. Most of the changes were confined to the lower reaches of the table, J.P.Morgan Cazenove is up into third place in Consumer COUNTS though largely due to a fall-away in the client count for UBS, with Discretionary & Consumer Staples after it secured a handful of Allenby Capital the principal beneficiary. Meanwhile, Berenberg mandates, including FTSE AIM 100 constituent GlobalData. finnCap debuted at the foot of the table in 25th place. edged up through the mid-tier rankings, but there were falling sector FTSE 100 constituent numbers for UBS, Shore Capital Stockbrokers, Allenby Our reputation is built on Capital, Panmure Gordon and Cenkos Securities. This resulted in All three of the leading advisers improved their client counts in the positional improvements for Davy Corporate Finance and Morgan FTSE 100 rankings, though index frontrunner J.P.Morgan Cazenove Stanley & Co. Credit Suisse now props up the table, alongside delivering when it counts, did pull further away from Bank of America Securities and Morgan Deutsche Bank AG and Goldman Sachs International. Stanley & Co on the back of new mandates from Ocado Group and and that’s now. Persimmon. There is now a three-way tie for third place in the Energy sector involving Canaccord Genuity, Peel Hunt and Shore Capital FTSE 250 Stockbrokers. Novum Securities now acts for Nostra Terra Oil & Gas There was certainly more activity in the FTSE 250, as J.P.Morgan Company, enabling it to move into a share of sixth place with Cenkos Cazenove moved back to the field due to a contraction in its index Securities and WH Ireland. numbers. That still leaves a sizable gap between the Anglo-American Numis Securities has replaced J.P.Morgan Cazenove at the head of stockbroker and second placed Numis Securities, which now acts for the Financials & Real Estate rankings, after the latter stockbroker both Telecom Plus and QinetiQ. Winterflood Securities was moving shed a few clients. A net brace for Shore Capital Stockbrokers in up through the mid-table rankings on the back of a net brace, the form of LMS Capital and Nippon Active Value Fund pushed the marginally ahead of HSBC Bank, which settled into a share of 14th With in-depth expertise, rigorous planning and exceptional execution, adviser up through the mid-table positions. Jefferies Hoare Govett place through new mandates for Vistry Group and Investec spin- was on the rise after the standout performance through the quarter. we bring experience and stability when it’s needed most. off, Ninety One.Canaccord Genuity is the sole entrant through the Four new clients have been added to its roster, including Genesis quarter, propping up the table alongside N+1 Singer and Panmure Emerging Markets Fund and Foresight Solar Fund. Barclays, UBS, Gordon. We’re the largest UK share registrar, providing services to over 1,200 and RBC Capital Markets improved their respective standings in the diverse companies including almost half of all AIM companies, and Small-Cap/Fledgling lower half of the table, which now features HSBC Bank. we take care of over 200 share plans. They’re impressive numbers Several leading stockbrokers within the Small-Cap/Fledgling Peel Hunt changed places with Numis Securities to take the silver rankings saw their numbers pull back through the quarter. However, medal in the Health Care rankings. However, the stockbroker could but we never forget about the people and purpose behind them. the podium places were unchanged with Numis Securities not make up any ground on sector frontrunner finnCap. There We’re trusted to deliver, and we never take that for granted. leading the way from J.P.Morgan Cazenove and Peel Hunt. Stifel were several positional changes in the mid-table rankings, albeit Nicolaus Europe was on the rise after it was brought in to provide due to a slight fall in constituent numbers for Allenby Capital and To find out how we help our clients progress with confidence and stockbroking duties for Polar Capital Global Financials Trust. Barclays WG Partners. The quarter also featured debuts for both Peterhouse was the leading index performer through the quarter, as three new Capital and Zeus Capital. achieve their aims, get in touch with our expert team today. mandates were added to its client roster. finnCap moved alongside J.P.Morgan Cazenove has taken the outright lead at the head of the Barclays in joint 14th place following its appointment by funeral Industrials table after adding a net two new clients. Investec has organiser Dignity. Davy Corporate Finance entered the fray through been forced to settle for joint second place with Numis Securities. the period under review with a total of three constituents to its name. Email [email protected] But it is perhaps worth noting that all three stockbrokers added to Total AIM their client rosters throughout the period. Liberum Capital moved into a share of fifth place following its appointment by DX Group. Both N+1 Singer and Peel Hunt netted three new mandates from WH Ireland, Berenberg, and N+1 Singer managed to net two new London’s junior market through the quarter, though they only mandates apiece. Goldman Sachs International edged up in the translated into a positional improvement for the latter adviser. Minor lower half of the table, which also welcomed Stifel Nicolaus Europe gains for Stifel Nicolaus Europe, Peterhouse Capital and Shard during the quarter. Capital Partners resulted in several changes to the running order in the mid-tier and lower reaches of the AIM table, which is also now There were few changes in the upper half of the Technology rankings, graced by Brandon Hill Capital. with N+1 Singer registering a solitary gain in the form of AdEPT Technology Group. Allenby Capital and Cenkos Securities were Sectors on the rise in the lower reaches of the table, while Stifel Nicolaus linkassetservices.com SP Angel continues to dominate the Basic Materials rankings even Europe was the sole debutante. 0542 - 0420 though it shifted a couple of clients through the quarter. SI Capital

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A-Z Total number of Stock Market clients Total Market Cap of Stock Market clients (£M) RANK STOCKBROKER MAY ‘20 FEB ‘20 RANK STOCKBROKER MAY ‘20 FEB ‘20 1 (1) - NUMIS SECURITIES 212 (215) 1 (1) MORGAN STANLEY & CO INTERNATIONAL 526,029 (632,422) 2 (2) - J.P. MORGAN CAZENOVE 180 (178) 2 (2) J.P. MORGAN CAZENOVE 491,513 (601,178) 3 (3) - PEEL HUNT 144 (144) 3 (3) BANK OF AMERICA SECURITIES 484,675 (599,204) 4 (4) - INVESTEC BANK 121 (121) 4 (4) UBS 463,685 (594,466) 5 (5) - FINNCAP 111 (109) 5 (5) GOLDMAN SACHS INTERNATIONAL 287,130 (331,908) 6 (6) - SHORE CAPITAL STOCKBROKERS 99 (104) 6 (7) DEUTSCHE BANK AG LONDON 282,516 (328,542) 7 (7) - LIBERUM CAPITAL 95 (95) 7 (6) BARCLAYS 262,451 (328,944) 7 (10) ▲ N+1 SINGER 95 (92) 8 (8) CITI 236,887 (293,970) 9 (8) ▼ PANMURE GORDON (UK) 93 (93) 9 (9) NUMIS SECURITIES 169,860 (204,893) 10 (8) ▼ CENKOS SECURITIES 90 (93) 10 (10) HSBC BANK 117,772 (146,854) 11 (11) - JEFFERIES HOARE GOVETT 77 (74) 11 (11) CREDIT SUISSE 98,236 (127,038) 12 (12) - STIFEL NICOLAUS EUROPE 62 (62) 12 (12) JEFFERIES HOARE GOVETT 90,781 (109,716) 12 (12) - WH IRELAND 62 (62) 13 (13) INVESTEC BANK 82,853 (108,529) 14 (14) - CANACCORD GENUITY 60 (61) 14 (14) DAVY CORPORATE FINANCE 72,977 (87,331) 15 (15) - SP ANGEL 56 (58) 15 (15) PEEL HUNT 56,848 (73,597) 16 (16) - BARCLAYS 55 (53) 16 (16) RBC CAPITAL MARKETS 54,219 (65,651) 16 (16) - WINTERFLOOD SECURITIES 55 (53) 17 (18) LIBERUM CAPITAL 26,487 (35,580) 18 (19) ▲ ALLENBY CAPITAL 48 (49) 18 (20) PANMURE GORDON (UK) 26,146 (27,790) 19 (18) ▼ UBS 46 (50) 19 (21) WINTERFLOOD SECURITIES 24,273 (26,933) 20 (21) ▲ BANK OF AMERICA SECURITIES 45 (45) 20 (19) STIFEL NICOLAUS EUROPE 22,810 (29,184) 21 (22) ▲ MORGAN STANLEY & CO INTERNATIONAL 43 (43) 21 (23) SHORE CAPITAL STOCKBROKERS 17,966 (22,526) 22 (22) - CITI 42 (43) 22 (22) GOODBODY STOCKBROKERS 16,536 (23,901) 23 (22) ▼ CANTOR FITZGERALD EUROPE 40 (43) 23 (25) BERENBERG 14,294 (17,267) 24 (20) ▼ ARDEN PARTNERS 39 (47) 24 (26) N+1 SINGER 14,014 (17,172) 25 - ▲ BERENBERG 37 - 25 (17) CENKOS SECURITIES 12,908 (39,216)

ALLENBY CAPITAL LIMITED Livermore Investments Group Ltd Fresnillo PLC (J) 5th Floor Macfarlane Group PLC GlaxoSmithKline PLC (J) 5 St Helen's Place Maestrano Group PLC Great Portland Estates PLC (J) Metal Tiger PLC Gulf Marine Services PLC (J) London Open Orphan PLC (J) Helios Towers PLC (J) BARCLAYS EC3A 6AB Origo Partners PLC HSBC Holdings PLC (J) 5 The North Colonnade T: +44 (0)20 3328 5656 Palace Capital PLC (J) IMI PLC (J) Canary Wharf Pantheon Resources PLC Informa PLC (J) London Parkmead Group (The) PLC InterContinental Hotels Group PLC Plant Health Care PLC Intu Properties PLC (J) E14 4BB Regal Petroleum PLC Investec PLC (J) T: +44 (0)20 7623 2323 SEC Newgate S.p.A (J) IP Group PLC (J) www.barcap.com Serinus Energy PLC (J) Just Eat Takeaway.com N.V Sutton Harbour Group PLC Kingspan Group PLC (J) 3i Group PLC (J) Trakm8 Holdings PLC Legal & General Group PLC (J) Airtel Africa PLC (J) ARDEN PARTNERS PLC Trans-Siberian Gold PLC Meggitt PLC (J) Alfa Financial Software Holdings PLC (J) 125 Old Broad Street Triad Group PLC National Express Group PLC (J) Ashtead Group PLC (J) Woodbois Ltd Persimmon PLC (J) London Associated British Foods PLC (J) Pets at Home Group PLC (J) Barclays PLC (J) EC2N 1AR Royal Bank of Scotland Group (The) PLC (J) Cineworld Group PLC (J) T: +44 (0)20 7614 5900 Royal Mail PLC (J) Compass Group PLC (J) F: +44 (0)20 7614 5901 RSA Insurance Group PLC Countryside Properties PLC (J) www.arden-partners.co.uk Segro PLC (J) Countrywide PLC (J) Serco Group PLC (J) Crest Nicholson Holdings PLC (J) BANK OF AMERICA SECURITIES Smith & Nephew PLC (J) Diploma PLC (J) 2 King Edward Street St James's Place PLC (J) Equiniti Group PLC (J) Standard Chartered PLC (J) 7digital Group PLC London Ferguson PLC (J) Tate & Lyle PLC (J) Abbey PLC (J) Finablr PLC (J) EC1A 1HQ TUI AG (J) Andrews Sykes Group PLC Global Ports Holding PLC (J) T: +44 (0)20 7628 1000 Workspace Group PLC (J) Anexo Group PLC (J) Hargreaves Lansdown PLC (J) WPP PLC AssetCo PLC F: +44 (0)20 7867 2867 Hastings Group Holdings PLC (J) Brighton Pier Group (The) PLC (J) www.bankofamerica.com Hunting PLC (J) Castings PLC IG Group Holdings PLC (J) CyanConnode Holdings PLC 3i Group PLC (J) Imperial Brands PLC (J) Dart Group PLC (J) Admiral Group PLC (J) International Consolidated Airlines Group S.A. (J) Deltex Medical Group PLC (J) Auto Trader Group PLC (J) John Laing Group PLC (J) Ethernity Networks Ltd B&M European Value Retail SA (J) Just Group PLC (J) EVR Holdings PLC Balfour Beatty PLC (J) Legal & General Group PLC (J) First Property Group PLC BT Group PLC (J) London Stock Exchange Group PLC (J) Haydale Graphene Industries PLC Burberry Group PLC (J) Moneysupermarket.com Group PLC (J) Hydrodec Group PLC Capital & Counties Properties PLC (J) Mulberry Group PLC iEnergizer Ltd Carnival PLC (J) National Grid PLC (J) Ince Group (The) PLC Compass Group PLC (J) Ocean Outdoor Ltd (J) Indus Gas Ltd CRH PLC (J) OneSavings Bank PLC (J) Jersey Oil and Gas PLC (J) Diageo PLC (J) Petra Diamonds Ltd (J) KCR Residential REIT PLC EnQuest PLC (J) Provident Financial PLC (J) KSK Power Ventur PLC Experian PLC (J) QinetiQ Group PLC (J) Reach PLC (J)

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Redde Northgate PLC (J) CITI HANNAM & PARTNERS Clinigen Group PLC (J) Redrow PLC (J) Citigroup Centre 2 Park Street Close Brothers Group PLC (J) Rentokil Initial PLC (J) 33 Canada Square Mayfair Daily Mail and General Trust PLC (J) RHI Magnesita N.V. (J) DCC PLC (J) Royal Mail PLC (J) Canary Wharf London De La Rue PLC (J) RTW Venture Fund Ltd (J) London W1K 2HX Derwent London PLC (J) Sabre Insurance Group PLC (J) E14 5LB T: +44 (0)20 7907 8500 Drax Group PLC (J) Schroders PLC (J) T: +44 (0)20 7986 4000 Dunedin Income Growth Inv Trust PLC Severn Trent PLC (J) Elementis PLC (J) SSP Group PLC (J) EnQuest PLC (J) Synthomer PLC (J) EVRAZ PLC (J) TalkTalk Telecom Group PLC (J) Experian PLC (J) Tesco PLC (J) CREDIT SUISSE F&C Investment Trust PLC TUI AG (J) 1 Cabot Square Ferguson PLC (J) Tullow Oil PLC (J) London Ferrexpo PLC (J) Watches of Switzerland Group PLC (J) E14 4QJ HSBC BANK PLC Finablr PLC (J) WH Smith PLC (J) T: +44 (0)20 7888 8888 8 Canada Square FirstGroup PLC (J) William Hill PLC (J) Canary Wharf Fresnillo PLC (J) Wizz Air Holdings PLC (J) London G4S PLC (J) Zegona Communications PLC (J) Gem Diamonds Ltd (J) E14 5HQ Genel Energy PLC (J) DAVY CORPORATE FINANCE T: +44 (0)20 7991 8888 Genesis Emerging Markets Fund Ltd (J) Davy House F: +44 (0)20 7991 4459 GlobalData PLC (J) BEAUMONT CORNISH LIMITED 49 Dawson Street www.hsbc.com Grainger PLC (J) 10th Floor Dublin 2 Great Portland Estates PLC (J) Halfords Group PLC (J) 30 Crown Place T: +353 (0)1 679 7788 Bank of Cyprus Holdings PLC (J) Biffa PLC (J) Hammerson PLC (J) London Calisen PLC (J) Harbourvest Global Private Equity Ltd (J) EC2A 4EB Crest Nicholson Holdings PLC (J) Helical PLC (J) T: +44 (0)20 7628 3396 Croda International PLC (J) Henderson Diversified Income Trust PLC Electra Private Equity PLC (J) Henderson EuroTrust PLC Galliford Try Holdings PLC (J) Henderson High Income Trust PLC Greencore Group PLC (J) Henderson Opportunities Trust PLC Hipgnosis Songs Fund Ltd (J) BERENBERG HSBC Holdings PLC (J) Hutchison China Meditech Ltd (J) Hochschild Mining PLC (J) 60 Threadneedle Street DEUTSCHE BANK AG LONDON HomeServe PLC (J) Winchester House John Laing Group PLC (J) London Morgan Sindall Group PLC (J) Ibstock PLC (J) EC2R 8HP 1 Great Winchester Street National Express Group PLC (J) IMI PLC (J) T: +44 (0)20 3207 7800 London Ninety One PLC (J) Inchcape PLC (J) EC2N 2DB PageGroup PLC (J) Independent Investment Trust (The) PLC Intermediate Capital Group PLC (J) T: +44 (0)20 7545 8000 Pennon Group PLC (J) Phoenix Group Holdings PLC (J) Intertek Group PLC (J) F: +44 (0)20 7545 4577 Invesco Enhanced Income Ltd BMO CAPITAL MARKETS S4 Capital PLC (J) www.db.com TP ICAP PLC (J) Invesco Income Growth Trust PLC 95 Queen Victoria Street Vistry Group PLC (J) Invesco Perpetual UK Smaller Companies Inv. Trust PLC London Aston Martin Lagonda Global Holdings PLC (J) Wincanton PLC (J) Investec PLC (J) EC4V 4HG BAE Systems PLC (J) IWG PLC (J) Johnson Matthey PLC (J) T: +44 (0)20 7236 1010 Barclays PLC (J) Barratt Developments PLC (J) JPEL Private Equity Ltd (J) British American Tobacco PLC (J) JPMorgan Global Core Real Assets Ltd Essentra PLC (J) Jupiter Fund Management PLC (J) Ferrexpo PLC (J) JZ Capital Partners Ltd CAIRN FINANCIAL ADVISERS LLP Forterra PLC (J) Lamprell PLC (J) Cheyne House GoCo Group PLC (J) J.P. MORGAN CAZENOVE Land Securities Group PLC (J) Crown Court GVC Holdings PLC (J) 25 Bank Street Law Debenture Corporation (The) PLC International Consolidated Airlines Group S.A. (J) Canary Wharf Lindsell Train Investment Trust (The) PLC 62-63 Cheapside Local Shopping REIT (The) PLC McCarthy & Stone PLC (J) London London Polypipe Group PLC (J) LondonMetric Property PLC (J) EC2V 6AX Reckitt Benckiser Group PLC (J) E14 5JP Lowland Investment Company PLC T: +44 (0)20 7148 7900 Rio Tinto PLC (J) T: +44 (0)20 7742 4000 Majedie Investments PLC Severstal PJSC (J) www.jpmorgancazenove.com Man Group PLC (J) Stagecoach Group PLC (J) Marston's PLC (J) TalkTalk Telecom Group PLC (J) 3i Infrastructure PLC (J) Martin Currie Global Portfolio Trust PLC CANACCORD GENUITY Travis Perkins PLC (J) 888 Holdings PLC (J) Melrose Industries PLC (J) Unilever PLC (J) Merchants Trust (The) PLC 9th Floor Abcam PLC (J) United Utilities Group PLC (J) Aberdeen Japan Investment Trust PLC Mid Wynd International Investment Trust PLC 88 Wood Street Aberdeen Standard Equity Income Trust PLC Mitchells & Butlers PLC (J) London AIB Group PLC (J) MITIE Group PLC (J) EC2V 7QR Airtel Africa PLC (J) Morgan Advanced Materials PLC (J) National Grid PLC (J) T: +44 (0)20 7523 8000 DOWGATE CAPITAL STOCKBROKERS Alcentra European Floating Rate Inc. Fund Ltd LIMITED Amigo Holdings PLC (J) Network International Holdings PLC (J) Ninety One PLC (J) Talisman House Antofagasta PLC (J) AO World PLC (J) Non-Standard Finance PLC (J) Jubilee Walk Arrow Global Group PLC (J) Ocado Group PLC (J) CANTOR FITZGERALD EUROPE Three Bridges Ashmore Global Opportunities Ltd (J) Oxford Instruments PLC 5 Churchill Place Crawley ASOS PLC (J) Pacific Horizon Investment Trust PLC Canary Wharf West Sussex Assura PLC (J) Pearson PLC (J) London Aston Martin Lagonda Global Holdings PLC (J) Persimmon PLC (J) RH10 1LQ Personal Assets Trust PLC E14 5HU AVEVA Group PLC (J) T: +44 (0)1293 517 744 Babcock International Group PLC (J) Petrofac Ltd (J) T: +44 (0)20 7894 7000 Bankers Investment Trust PLC (J) Pharos Energy PLC (J) Barclays PLC (J) Phoenix Group Holdings PLC (J) Baring Emerging Europe PLC Picton Property Income Ltd (J) GCA ALTIUM LIMITED BB Healthcare Trust PLC (J) Pollen Street Secured Lending PLC (J) 1 Southampton Street Beazley PLC (J) PPHE Hotel Group Ltd (J) Princess Private Equity Holding Ltd (J) London BH Global Ltd (J) BH Macro Ltd Provident Financial PLC (J) WC2R 0LR Big Yellow Group PLC PZ Cussons PLC (J) CENKOS SECURITIES T: +44 (0)20 7484 4040 BioPharma Credit PLC (J) Quilter PLC (J) RDI REIT PLC (J) 6.7.8 Tokenhouse Yard BlackRock Income and Growth Inv. Trust PLC BlackRock World Mining Trust PLC (J) RELX PLC (J) London Britvic PLC (J) Restaurant Group (The) PLC (J) EC2R 7AS GOODBODY STOCKBROKERS BT Group PLC (J) Rio Tinto PLC (J) RIT Capital Partners PLC (J) T: +44 (0)20 7397 8900 2, Ballsbridge Business Park Bunzl PLC (J) F: +44 (0)20 7397 8901 Cairn Energy PLC (J) Riverstone Energy Ltd (J) Ballsbridge Rotork PLC (J) www.cenkos.com Caledonia Investments PLC (J) Dublin 4 Capital & Regional PLC (J) RTW Venture Fund Ltd (J) T: +353 (0)1 614 0600 Capital Gearing Trust PLC Saga PLC (J) Chenavari Toro Income Fund Ltd Sanne Group PLC (J)

120 Corporate Advisers Rankings Guide 121 STOCKBROKERS

Schroder Real Estate Investment Trust Ltd Mondi PLC (J) Urban Logistics REIT PLC (J) Schroders PLC (J) Morrison (Wm) Supermarkets PLC (J) Verona Pharma PLC Securities Trust of Scotland PLC NB Private Equity Partners Ltd (J) Volex PLC (J) Serco Group PLC (J) NCC Group PLC (J) Vp PLC Shaftesbury PLC (J) NewRiver REIT PLC (J) N+1 SINGER Warpaint London PLC (J) Shires Income PLC Paragon Banking Group PLC (J) One Bartholomew Lane Weiss Korea Opportunity Fund Ltd Signature Aviation PLC (J) PayPoint PLC (J) London Xaar PLC (J) SIMEC Atlantis Energy Ltd (J) Pendragon PLC (J) Zinc Media Group PLC (J) Smith & Nephew PLC (J) Pershing Square Holdings Ltd (J) EC2N 2AX Zytronic PLC Smith (DS) PLC (J) Pharos Energy PLC (J) T: +44 (0)20 7496 3000 Smiths Group PLC (J) Playtech PLC (J) F: +44 (0)20 7496 3150 Spectris PLC (J) PPHE Hotel Group Ltd (J) www.n1singer.com Spirax-Sarco Engineering PLC (J) Premier Foods PLC (J) NOMURA INTERNATIONAL PLC Spire Healthcare Group PLC (J) Premier Oil PLC (J) 1Spatial PLC One Angel Lane SSP Group PLC (J) PureTech Health PLC (J) 4D pharma PLC (J) London St James's Place PLC (J) Residential Secure Income PLC Actual Experience PLC St Modwen Properties PLC (J) Rolls-Royce Holdings PLC (J) AdEPT Technology Group PLC EC4R 3AB Standard Chartered PLC (J) Sanne Group PLC (J) Air Partner PLC (J) T: +44 (0)20 7521 2000 Standard Life Aberdeen PLC (J) Savannah Energy PLC (J) AIREA PLC Stock Spirits Group PLC (J) Scottish Mortgage Investment Trust PLC (J) Angling Direct PLC Temple Bar Investment Trust PLC SDCL Energy Efficiency Income Trust PLC Applied Graphene Materials PLC Tetragon Financial Group Ltd (J) Senior PLC (J) APQ Global Ltd TI Fluid Systems PLC (J) Sequoia Economic Infrastructure Inc. Fund Ltd Artemis VCT PLC TP ICAP PLC (J) Serica Energy PLC (J) Augean PLC Tullow Oil PLC (J) Severfield PLC Augmentum Fintech PLC (J) UK Commercial Property REIT Ltd SIG PLC (J) Autins Group PLC Ultra Electronics Holdings PLC (J) Signature Aviation PLC (J) AVI Japan Opportunity Trust PLC UNITE Group PLC (J) Softcat PLC (J) Avingtrans PLC United Utilities Group PLC (J) Spectris PLC (J) Bagir Group Ltd NOVUM SECURITIES LTD Urban&Civic PLC (J) Spirent Communications PLC (J) Blackstone/GSO Loan Financing Ltd (J) 8-10 Grosvenor Gardens Value & Income Trust PLC Superdry PLC (J) Brand Architekts Group PLC London Vectura Group PLC (J) Trian Investors 1 Ltd (J) Calculus VCT PLC Vesuvius PLC (J) Tritax Big Box REIT PLC SW1W 0DH Cambria Automobiles PLC (J) T: +44 (0)20 7399 9400 Victrex PLC Tritax EuroBox PLC (J) Carador Income Fund PLC Vivo Energy PLC (J) Urban Exposure PLC (J) Ceiba Investments Ltd www.novumsecurities.com Vodafone Group PLC (J) Vesuvius PLC (J) Centaur Media PLC (J) WH Smith PLC (J) Vietnam Enterprise Investments Ltd Checkit PLC Advance Energy PLC (J) Whitbread PLC (J) VPC Specialty Lending Investments PLC (J) Chrysalis VCT PLC AfriTin Mining Ltd (J) Witan Investment Trust PLC Watkin Jones PLC (J) CloudCoCo Group PLC Alien Metals Ltd (J) Witan Pacific Investment Trust PLC Xaar PLC (J) Curtis Banks Group PLC (J) Alpha Growth PLC Wizz Air Holdings PLC (J) CVS Group PLC Attis Oil and Gas Ltd Wood Group (John) PLC (J) Directa Plus PLC (J) Bermele PLC Young & Co's Brewery PLC (J) dotDigital Group PLC (J) Bezant Resources PLC Zegona Communications PLC (J) KEITH, BAYLEY, ROGERS & CO LTD Driver Group PLC BigDish PLC Eckoh PLC (J) Botswana Diamonds PLC (J) 1 Royal Exchange Avenue Cadence Minerals PLC (J) London Eco Animal Health Group PLC (J) EIH PLC Clontarf Energy PLC Concepta PLC EC3V 3LT EKF Diagnostics Holdings PLC Dev Clever Holdings PLC (J) T: +44 (0)20 7464 4090 Empresaria Group PLC Galileo Resources PLC (J) essensys PLC Great Western Mining Corporation PLC (J) Frontier IP Group PLC Mineral & Financial Investments Ltd (J) Fulcrum Utility Services Ltd (J) JEFFERIES HOARE GOVETT Ncondezi Energy Ltd (J) Future PLC (J) Vintners Place LIBERUM CAPITAL LIMITED Nektan PLC Gateley (Holdings) PLC (J) Ropemaker Place, Level 12 Nostra Terra Oil & Gas Company PLC (J) 68 Upper Thames Street Gear4music (Holdings) PLC Nu-Oil and Gas PLC London 25 Ropemaker Street GlobalData PLC (J) London Nuformix PLC EC4V 3BJ Gresham Technologies PLC Oilex Ltd T: +44 (0)20 7029 8000 EC2Y 9LY Hargreave Hale AIM VCT PLC Papillon Holdings PLC F: +44 (0)20 7029 8010 T: +44 (0)20 3100 2000 Hargreaves Services PLC (J) Pathfinder Minerals PLC Herald Investment Trust PLC (J) www.jefferies.com Petrel Resources PLC Highcroft Investments PLC PHSC PLC Hipgnosis Songs Fund Ltd (J) Aggreko PLC (J) Predator Oil & Gas Holdings PLC (J) MACQUARIE CAPITAL (EUROPE) i-nexus Global PLC Prospex Oil and Gas PLC (J) AO World PLC (J) IMImobile PLC (J) Apax Global Alpha Ltd LIMITED Rose Petroleum PLC (J) IndigoVision Group PLC Secure Property Development & Investment PLC (J) Arix Bioscience PLC (J) Ropemaker Place Infrastructure India PLC (J) Tekcapital PLC (J) Ashmore Global Opportunities Ltd (J) 28 Ropemaker Street Instem PLC Tiger Resource PLC Ashtead Group PLC (J) London Itaconix PLC Toople PLC (J) AVI Global Trust PLC Kape Technologies PLC (J) UK Oil & Gas PLC (J) Avon Rubber PLC (J) EC2Y 9HD LiDCO Group PLC Xtract Resources PLC (J) Babcock International Group PLC (J) T: +44 (0)20 3037 2000 Liontrust Asset Management PLC (J) Zenith Energy Ltd (J) BBGI SICAV S.A. (J) Mattioli Woods PLC (J) Bodycote PLC (J) Mercia Asset Management PLC (J) boohoo group PLC (J) MORGAN STANLEY & CO Microsaic Systems PLC (J) Brown (N) Group PLC (J) INTERNATIONAL PLC MJ Gleeson PLC (J) OPTIVA SECURITIES LTD Burford Capital Ltd (J) Mountview Estates PLC Codemasters Group Holdings PLC (J) 25 Cabot Square 49 Berkeley Square Canary Wharf MySale Group PLC (J) Countrywide PLC (J) Nichols PLC Mayfair DFS Furniture PLC (J) London Oxford Metrics PLC London DWF Group PLC (J) E14 4QA Portmeirion Group PLC (J) W1J 5AZ Empiric Student Property PLC (J) T: +44 (0)20 7425 8000 Premier Global Infrastructure Trust PLC Fisher (James) & Sons PLC (J) Pressure Technologies PLC T: +44 (0)20 3137 1902 Foresight Solar Fund Ltd PRS REIT (The) PLC Frontier Developments PLC (J) Raven Property Group Ltd (J) Gama Aviation PLC RBG Holdings PLC (J) Genesis Emerging Markets Fund Ltd (J) Renalytix AI PLC (J) Glanbia PLC (J) ReNeuron Group PLC (J) Globalworth Real Estate Investments Ltd (J) RM Secured Direct Lending PLC Gresham House PLC (J) SDL PLC (J) Harbourvest Global Private Equity Ltd (J) Sigma Capital Group PLC Hays PLC (J) SmartSpace Software PLC (J) Helios Towers PLC (J) Springfield Properties PLC Inchcape PLC (J) Studio Retail Group PLC (J) Indivior PLC (J) Summerway Capital PLC Keller Group PLC (J) Surgical Innovations Group PLC LSL Property Services PLC (J) Tatton Asset Management PLC (J) Metro Bank PLC (J) Thorpe (F.W.) PLC MITIE Group PLC (J) Tribal Group PLC (J) Mobius Investment Trust PLC Tufton Oceanic Assets Ltd (J)

122 Corporate Advisers Rankings Guide 123 STOCKBROKERS

SHARD CAPITAL PARTNERS LLP 23rd Floor 20 Fenchurch St London PANMURE GORDON (UK) LTD EC3M 3BY One New Change STIFEL NICOLAUS EUROPE LTD T: +44 (0)20 7186 9900 STRAND HANSON LIMITED London 150 Cheapside 26 Mount Row EC4M 9AF London London T: +44 (0)20 7886 2500 EC2V 6ET W1K 3SQ www.panmure.com SHORE CAPITAL STOCKBROKERS LTD T: +44 (0)20 7710 7600 T: +44 (0)20 7409 3494 Cassini House F: +44 (0)20 7710 7609 F: +44 (0)20 7409 1761 57 St James's Street www.stifel.com www.strandhanson.co.uk London PEEL HUNT LLP Aberdeen Asian Income Fund Ltd SW1A 1LD Agriterra Ltd Moor House Amiad Water Systems Ltd Catalyst Media Group PLC T: +44 (0)20 7408 4050 Amryt Pharma PLC (J) 120 London Wall CIP Merchant Capital Ltd Assura PLC (J) London GCM Resources PLC Bidstack Group PLC Metals Exploration PLC EC2Y 5ET BlackRock Throgmorton Trust PLC Northern Bear PLC T: +44 (0)20 7418 8900 BMO Global Smaller Companies PLC Nostra Terra Oil & Gas Company PLC (J) Brunner Investment Trust (The) PLC Secure Property Development & Investment PLC (J) Carillion PLC Solo Oil PLC CentralNic Group PLC (J) Ukrproduct Group Ltd PETERHOUSE CAPITAL LIMITED Cluff Natural Resources PLC (J) 3rd Floor SP ANGEL Diversified Gas & Oil PLC (J) DWF Group PLC (J) 80 Cheapside Prince Frederick House Eco (Atlantic) Oil & Gas Ltd (J) London 35-39 Maddox Street Ecofin Global Utilities & Infrastructure Trust PLC TURNER POPE INVESTMENTS (TPI) LTD EC2V 6EE London Energean Oil & Gas PLC (J) 6th Floor T: +44 (0)20 7469 0930 W1S 2PP Falanx Group Ltd (J) Beckett House Fidelity Asian Values PLC 36 Old Jewry T: +44 (0)20 3470 0470 Fidelity Japan Trust PLC F: +44 (0)20 7629 1341 GCP Infrastructure Investments Ltd London www.spangel.co.uk GCP Student Living PLC EC2R 8DD Henderson Alternative Strategies Trust PLC T: +44 (0)20 3621 4120 Active Energy Group PLC (J) Hurricane Energy PLC (J) Altus Strategies PLC Jadestone Energy Inc. (J) Amur Minerals Corporation JPMorgan Emerging Markets Investment Trust PLC Anglo Asian Mining PLC Jupiter Green Investment Trust PLC RBC CAPITAL MARKETS Arc Minerals Ltd (J) Longboat Energy PLC Thames Court Arkle Resources PLC (J) Marble Point Loan Financing Ltd Ascent Resources PLC (J) McKay Securities PLC One Queenhithe Aura Energy Ltd (J) Murray International Trust PLC London Baron Oil PLC (J) NB Distressed Debt Investment Fund Ltd EC4V 3DQ Beowulf Mining PLC NB Private Equity Partners Ltd (J) UBS LIMITED T: +44 (0)20 7653 4000 Beximco Pharmaceuticals Ltd Osirium Technologies PLC 5 Broadgate BlueRock Diamonds PLC (J) Panoply Holdings (The) PLC London F: +44 (0)20 7029 7900 Bushveld Minerals Ltd (J) Petro Matad Ltd (J) www.rbccm.com EC2M 2QS Chaarat Gold Holdings Ltd (J) PetroTal Corp. (J) T: +44 (0)20 7567 8000 Clear Leisure PLC Picton Property Income Ltd (J) 3i Infrastructure PLC (J) CML Microsystems PLC (J) Polar Capital Global Financials Trust PLC F: +44 (0)20 7568 7722 Amigo Holdings PLC (J) Condor Gold PLC Polar Capital Technology Trust PLC www.ibb.ubs.com Anglo Pacific Group PLC (J) Cora Gold Ltd (J) RBG Holdings PLC (J) Brewin Dolphin Holdings PLC (J) Curzon Energy PLC Reabold Resources PLC (J) Admiral Group PLC (J) Clinigen Group PLC (J) Edenville Energy PLC (J) Renalytix AI PLC (J) Ashmore Group PLC (J) CMC Markets PLC (J) Empire Metals Ltd (J) ReNeuron Group PLC (J) Avast PLC (J) Direct Line Insurance Group PLC (J) Great Eastern Energy Corporation Ltd SDX Energy PLC (J) Bank of Ireland Group PLC (J) Drax Group PLC (J) Hemogenyx Pharmaceuticals PLC Secure Income REIT PLC Berkeley Group Holdings (The) PLC Empiric Student Property PLC (J) Holders Technology PLC Secure Trust Bank PLC (J) BHP Group PLC (J) Gran Tierra Energy Inc. Immedia Group PLC Seeing Machines Ltd (J) BP PLC Greencoat Renewables PLC (J) JKX Oil & Gas PLC Starwood European Real Estate Finance Ltd British American Tobacco PLC (J) Greencoat UK Wind PLC KEFI Minerals PLC (J) Stobart Group Ltd (J) British Land Company PLC (J) HICL Infrastructure PLC (J) Keras Resources PLC (J) Strix Group PLC (J) Capital & Counties Properties PLC (J) Hochschild Mining PLC (J) Kodal Minerals PLC Studio Retail Group PLC (J) Card Factory PLC (J) Hunting PLC (J) Lansdowne Oil & Gas PLC (J) Supermarket Income REIT PLC Carnival PLC (J) London Stock Exchange Group PLC (J) Latham (James) PLC Target Healthcare REIT PLC Centrica PLC (J) Metro Bank PLC (J) Mkango Resources Ltd (J) Tetragon Financial Group Ltd (J) Close Brothers Group PLC (J) OneSavings Bank PLC (J) Mosman Oil and Gas Ltd (J) Tissue Regenix Group PLC Coca-Cola HBC AG (J) Polymetal International PLC (J) Motif Bio PLC TR Property Investment Trust PLC (J) ConvaTec Group PLC (J) Premier Oil PLC (J) Novacyt S.A. Urban&Civic PLC (J) CRH PLC (J) Rathbone Brothers PLC (J) Ormonde Mining PLC (J) WANdisco PLC (J) Derwent London PLC (J) Stagecoach Group PLC (J) Orosur Mining Inc (J) Wentworth Resources PLC (J) Dunelm Group PLC (J) Uniphar PLC (J) Polarean Imaging PLC Workspace Group PLC (J) Electrocomponents PLC (J) XPS Pensions Group PLC (J) Power Metal Resources PLC (J) Yourgene Health PLC Euromoney Institutional Investor PLC (J) Rainbow Rare Earths Ltd (J) Zoo Digital Group PLC Greggs PLC (J) Rambler Metals and Mining PLC Hays PLC (J) Remote Monitored Systems PLC (J) Hiscox Ltd HomeServe PLC (J) RFC AMBRIAN LIMITED Scotgold Resources Ltd (J) Howden Joinery Group PLC (J) SkinBioTherapeutics PLC (J) Level 5, Condor House Ibstock PLC (J) SolGold PLC (J) 10 St Paul's Churchyard Intu Properties PLC (J) Strategic Minerals PLC KAZ Minerals PLC (J) London Tekcapital PLC (J) Land Securities Group PLC (J) EC4M 8AL Tertiary Minerals PLC (J) Lloyds Banking Group PLC (J) Tower Resources PLC (J) T: +44 (0)20 3440 6800 Mediclinic International PLC (J) Union Jack Oil PLC Mondi PLC (J) URU Metals Ltd Next PLC Vast Resources PLC Paragon Banking Group PLC (J) ROTHSCHILD & CO. Versarien PLC (J) Prudential PLC (J) Volga Gas PLC RELX PLC (J) New Court Westminster Group PLC St Swithin's Lane Renishaw PLC Zoltav Resources Inc (J) Rightmove PLC (J) London Sainsbury (J) PLC (J) EC4N 8AL Savills PLC (J) T: +44 (0)20 7280 5000 Segro PLC (J) Spirent Communications PLC (J) Unilever PLC (J) Vodafone Group PLC (J) Weir Group PLC (J)

122 Corporate Advisers Rankings Guide 123 STOCKBROKERS

VSA CAPITAL Immotion Group PLC (J) New Liverpool House James Halstead PLC (J) 15-17 Eldon Street Jarvis Securities PLC Journeo PLC London Jubilee Metals Group PLC (J) EC2M 7LD London Security PLC T: +44 (0)20 3005 5000 Malvern International PLC Microsaic Systems PLC (J) Mineral & Financial Investments Ltd (J) Minoan Group PLC (J) NetScientific PLC Norman Broadbent PLC Oriole Resources PLC (J) Parity Group PLC Pennant International Group PLC WH IRELAND LTD Petards Group PLC (J) 24 Martin Lane Phoenix Copper Ltd (J) Pittards PLC London Premier Veterinary Group PLC EC4R 0DR Rurelec PLC T: +44 (0)20 7220 1666 Scholium Group PLC www.whirelandplc.com Serinus Energy PLC (J) Solid State PLC (J) Spectra Systems Corporation St. Brandon’s House Tanfield Group PLC 29 Great George Street Thalassa Holdings Ltd Bristol Touchstar PLC BS1 5QT UAE Oil Services PLC T: +44 (0)117 945 3420 UK Oil & Gas PLC (J) Verditek PLC www.whirelandplc.com Watchstone Group PLC Water Intelligence PLC (J) Third Floor Wey Education PLC 28 Sovereign Street WH Ireland Group PLC Leeds LS1 4BJ T: +44 (0)113 394 6600 WHITMAN HOWARD www.whirelandplc.com First Floor 600 Group (The) PLC Connaught House AFC Energy PLC (J) 1-3 Mount Street AfriTin Mining Ltd (J) London Angus Energy PLC W1K 3NB Arricano Real Estate PLC Ascent Resources PLC (J) T: +44 (0)20 7659 1234 Ashley House PLC Aura Energy Ltd (J) Avation PLC (J) Billington Holdings PLC WINTERFLOOD SECURITIES Cadence Minerals PLC (J) The Atrium Building, Cannon Bridge Caledonia Mining Corporation PLC House Cambium Global Timberland Ltd Cambria Africa PLC 25 Dowgate Hill CareTech Holdings PLC (J) London Caspian Sunrise PLC EC4R 2GA China Nonferrous Gold Ltd T: +44 (0)20 3100 0000 Croma Security Solutions Group PLC Digitalbox PLC (J) Dillistone Group PLC Entertainment AI PLC (J) European Metals Holdings Ltd (J) ZEUS CAPITAL LTD FIH Group PLC 10 Old Burlington Street French Connection Group PLC London GETECH Group PLC W1S 3AG Goldplat PLC T: +44 (0)20 3829 5000 Hermes Pacific Investments PLC i3 Energy PLC (J)

124 Corporate Advisers Rankings Guide STOCKBROKERS

Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention

1 in 8 of 5-19 year olds in England had at least one mental health disorder in 2017 (NHS Digital, 2018)

Figures correct as of June 2019 Please help us to promote positive mental health in teenagers by donating to stem4 at www.stem4.org.uk

Wimbledon Business Centre, Old Town Hall, 4 Queens Road, London SW19 8YB Registered Charity Number 1144506 @stem4org 124 Corporate Advisers Rankings Guide STOCKBROKERS

FTSE 100 Number of clients Client Market Cap (£M) RANK STOCKBROKER MAY ‘20 FEB ‘20 RANK STOCKBROKER MAY ‘20 FEB ‘20 1 (1) - J.P. MORGAN CAZENOVE 33 (30) 1 (1) MORGAN STANLEY & CO INTERNATIONAL 500,163 (593,425) 2 (2) - BANK OF AMERICA SECURITIES 26 (25) 2 (2) BANK OF AMERICA SECURITIES 451,458 (551,190) 2 (2) - MORGAN STANLEY & CO INTERNATIONAL 26 (25) 3 (3) UBS 413,224 (516,277) 4 (4) - UBS 21 (21) 4 (4) J.P. MORGAN CAZENOVE 361,848 (415,900) 5 (5) - BARCLAYS 16 (16) 5 (5) DEUTSCHE BANK AG LONDON 261,623 (301,211) 6 (6) - CITI 13 (14) 6 (6) GOLDMAN SACHS INTERNATIONAL 256,682 (284,143) 7 (7) - GOLDMAN SACHS INTERNATIONAL 12 (13) 7 (7) BARCLAYS 225,709 (279,405) 8 (8) - CREDIT SUISSE 10 (11) 8 (8) CITI 191,374 (227,468) 9 (9) - DEUTSCHE BANK AG LONDON 9 (9) 9 (9) HSBC BANK 101,056 (126,680) 10 (10) - NUMIS SECURITIES 8 (7) 10 (10) CREDIT SUISSE 80,324 (109,750) 11 (11) - JEFFERIES HOARE GOVETT 5 (5) 11 (11) NUMIS SECURITIES 53,594 (54,874) 12 (12) - DAVY CORPORATE FINANCE 4 (4) 12 (13) DAVY CORPORATE FINANCE 37,805 (41,665) 12 (12) - HSBC BANK 4 (4) 13 (12) JEFFERIES HOARE GOVETT 36,381 (44,400) 14 (14) - INVESTEC BANK 3 (3) 14 (14) RBC CAPITAL MARKETS 34,191 (38,986) 15 (14) ▼ RBC CAPITAL MARKETS 2 (3) 15 (15) INVESTEC BANK 17,672 (27,327) 16 (16) - BNP PARIBAS 1 (1) 16 (19) PANMURE GORDON (UK) 7,874 (6,047) 16 (16) - PANMURE GORDON (UK) 1 (1) 17 (18) BNP PARIBAS 6,016 (6,257) 16 (16) - PEEL HUNT 1 (1) 18 (16) PEEL HUNT 5,086 (7,998) 16 (16) - SHORE CAPITAL STOCKBROKERS 1 (1) 19 - SHORE CAPITAL STOCKBROKERS 4,543 -

MORGAN STANLEY & CO INTERNATIONAL PLC BANK OF AMERICA SECURITIES 25 Cabot Square J.P. MORGAN CAZENOVE 2 King Edward Street Canary Wharf 25 Bank Street London London UBS LIMITED Canary Wharf EC1A 1HQ E14 4QA 5 Broadgate London T: +44 (0)20 7628 1000 T: +44 (0)20 7425 8000 London E14 5JP F: +44 (0)20 7867 2867 EC2M 2QS T: +44 (0)20 7742 4000 www.bankofamerica.com T: +44 (0)20 7567 8000 www.jpmorgancazenove.com F: +44 (0)20 7568 7722 3i Group PLC (J) Antofagasta PLC (J) www.ibb.ubs.com Admiral Group PLC (J) AVEVA Group PLC (J) Auto Trader Group PLC (J) Barclays PLC (J) Admiral Group PLC (J) BT Group PLC (J) BT Group PLC (J) Berkeley Group Holdings (The) PLC Burberry Group PLC (J) Bunzl PLC (J) BHP Group PLC (J) Carnival PLC (J) DCC PLC (J) BP PLC Compass Group PLC (J) EVRAZ PLC (J) British American Tobacco PLC (J) CRH PLC (J) Experian PLC (J) British Land Company PLC (J) Diageo PLC (J) Ferguson PLC (J) Carnival PLC (J) Experian PLC (J) Fresnillo PLC (J) Centrica PLC (J) Fresnillo PLC (J) Intermediate Capital Group PLC (J) Coca-Cola HBC AG (J) GlaxoSmithKline PLC (J) Intertek Group PLC (J) CRH PLC (J) HSBC Holdings PLC (J) Johnson Matthey PLC (J) Land Securities Group PLC (J) Informa PLC (J) Land Securities Group PLC (J) Lloyds Banking Group PLC (J) InterContinental Hotels Group PLC Melrose Industries PLC (J) Mondi PLC (J) Just Eat Takeaway.com N.V National Grid PLC (J) Next PLC Legal & General Group PLC (J) Ocado Group PLC (J) Prudential PLC (J) Meggitt PLC (J) Pearson PLC (J) RELX PLC (J) Persimmon PLC (J) Persimmon PLC (J) Rightmove PLC (J) Royal Bank of Scotland Group (The) PLC (J) Phoenix Group Holdings PLC (J) Sainsbury (J) PLC (J) RSA Insurance Group PLC RELX PLC (J) Segro PLC (J) Segro PLC (J) Rio Tinto PLC (J) Unilever PLC (J) Smith & Nephew PLC (J) Schroders PLC (J) Vodafone Group PLC (J) St James's Place PLC (J) Smith & Nephew PLC (J) Standard Chartered PLC (J) Smith (DS) PLC (J) WPP PLC Smiths Group PLC (J) Spirax-Sarco Engineering PLC (J) St James's Place PLC (J) Standard Chartered PLC (J) Standard Life Aberdeen PLC (J) United Utilities Group PLC (J) Vodafone Group PLC (J) Whitbread PLC (J)

126 Corporate Advisers Rankings Guide 127 STOCKBROKERS

BARCLAYS JEFFERIES HOARE GOVETT PANMURE GORDON (UK) LTD 5 The North Colonnade Vintners Place One New Change Canary Wharf 68 Upper Thames Street London London London EC4M 9AF E14 4BB EC4V 3BJ T: +44 (0)20 7886 2500 T: +44 (0)20 7623 2323 T: +44 (0)20 7029 8000 www.panmure.com www.barcap.com F: +44 (0)20 7029 8010 www.jefferies.com 3i Group PLC (J) Ashtead Group PLC (J) Ashtead Group PLC (J) PEEL HUNT LLP Associated British Foods PLC (J) Mondi PLC (J) Moor House Barclays PLC (J) Morrison (Wm) Supermarkets PLC (J) 120 London Wall Compass Group PLC (J) Rolls-Royce Holdings PLC (J) London Ferguson PLC (J) Scottish Mortgage Investment Trust PLC (J) Hargreaves Lansdown PLC (J) EC2Y 5ET Imperial Brands PLC (J) T: +44 (0)20 7418 8900 International Consolidated Airlines Group S.A. (J) Legal & General Group PLC (J) DAVY CORPORATE FINANCE London Stock Exchange Group PLC (J) Davy House National Grid PLC (J) SHORE CAPITAL STOCKBROKERS LTD 49 Dawson Street Rentokil Initial PLC (J) Cassini House Schroders PLC (J) Dublin 2 57 St James's Street Severn Trent PLC (J) T: +353 (0)1 679 7788 London Tesco PLC (J) SW1A 1LD T: +44 (0)20 7408 4050

CITI Citigroup Centre 33 Canada Square HSBC BANK PLC Canary Wharf 8 Canada Square London Canary Wharf E14 5LB London T: +44 (0)20 7986 4000 E14 5HQ T: +44 (0)20 7991 8888 F: +44 (0)20 7991 4459 CREDIT SUISSE www.hsbc.com 1 Cabot Square London Croda International PLC (J) E14 4QJ HSBC Holdings PLC (J) T: +44 (0)20 7888 8888 Pennon Group PLC (J) Phoenix Group Holdings PLC (J)

DEUTSCHE BANK AG LONDON Winchester House RBC CAPITAL MARKETS 1 Great Winchester Street Thames Court London One Queenhithe EC2N 2DB London T: +44 (0)20 7545 8000 EC4V 3DQ F: +44 (0)20 7545 4577 T: +44 (0)20 7653 4000 www.db.com F: +44 (0)20 7029 7900 www.rbccm.com BAE Systems PLC (J) Barclays PLC (J) Barratt Developments PLC (J) London Stock Exchange Group PLC (J) British American Tobacco PLC (J) Polymetal International PLC (J) International Consolidated Airlines Group S.A. (J) Reckitt Benckiser Group PLC (J) Rio Tinto PLC (J) Unilever PLC (J) United Utilities Group PLC (J)

126 Corporate Advisers Rankings Guide 127 STOCKBROKERS

FTSE 250 Number of clients Client Market Cap (£M) RANK STOCKBROKER MAY ‘20 FEB ‘20 RANK STOCKBROKER MAY ‘20 FEB ‘20 1 (1) - J.P. MORGAN CAZENOVE 72 (77) 1 (1) J.P. MORGAN CAZENOVE 101,861 (151,083) 2 (2) - NUMIS SECURITIES 57 (54) 2 (2) NUMIS SECURITIES 76,721 (96,798) 3 (3) - INVESTEC BANK 34 (30) 3 (3) UBS 48,566 (67,761) 4 (4) - JEFFERIES HOARE GOVETT 30 (29) 4 (5) INVESTEC BANK 40,481 (47,016) 5 (5) - PEEL HUNT 28 (28) 5 (6) JEFFERIES HOARE GOVETT 37,327 (43,420) 6 (5) ▼ BARCLAYS 26 (28) 6 (4) BARCLAYS 34,357 (47,449) 7 (7) - UBS 22 (25) 7 (10) PEEL HUNT 30,504 (36,616) 8 (8) - CITI 18 (19) 8 (7) CITI 26,271 (41,282) 9 (9) - BANK OF AMERICA SECURITIES 15 (16) 9 (8) BANK OF AMERICA SECURITIES 25,732 (38,809) 9 (10) ▲ GOLDMAN SACHS INTERNATIONAL 15 (15) 10 (9) MORGAN STANLEY & CO INTERNATIONAL 25,196 (38,073) 11 (10) ▼ LIBERUM CAPITAL 14 (15) 11 (11) GOLDMAN SACHS INTERNATIONAL 24,745 (34,427) 11 (12) ▲ MORGAN STANLEY & CO INTERNATIONAL 14 (14) 12 (12) RBC CAPITAL MARKETS 15,785 (22,390) 13 (15) ▲ WINTERFLOOD SECURITIES 13 (11) 13 (13) LIBERUM CAPITAL 15,578 (20,151) 14 (16) ▲ DEUTSCHE BANK AG LONDON 10 (10) 14 (17) WINTERFLOOD SECURITIES 13,878 (14,177) 14 (17) ▲ HSBC BANK 10 (8) 15 (14) DEUTSCHE BANK AG LONDON 12,641 (17,319) 14 (13) ▼ RBC CAPITAL MARKETS 10 (13) 16 (15) STIFEL NICOLAUS EUROPE 12,532 (16,472) 14 (14) - STIFEL NICOLAUS EUROPE 10 (12) 17 (16) HSBC BANK 11,616 (14,987) 18 (18) - CREDIT SUISSE 7 (6) 18 (18) CREDIT SUISSE 11,382 (9,428) 19 (18) ▼ SHORE CAPITAL STOCKBROKERS 6 (6) 19 (20) BERENBERG 7,052 (7,632) 20 (20) - BERENBERG 5 (4) 20 (19) SHORE CAPITAL STOCKBROKERS 6,790 (8,831) 21 (20) ▼ CENKOS SECURITIES 4 (4) 21 (21) CENKOS SECURITIES 4,449 (5,451) 21 (20) ▼ GOODBODY STOCKBROKERS 4 (4) 22 (22) GOODBODY STOCKBROKERS 3,746 (5,449) 23 - ▲ CANACCORD GENUITY 3 - 23 (25) FIDANTE CAPITAL 3,443 (3,116) 23 (23) - N+1 SINGER 3 (3) 24 (24) PANMURE GORDON (UK) 2,746 (3,260) 23 (23) - PANMURE GORDON (UK) 3 (3) 25 - CANACCORD GENUITY 2,649 -

Law Debenture Corporation (The) PLC PEEL HUNT LLP LondonMetric Property PLC (J) Moor House Man Group PLC (J) J.P. MORGAN CAZENOVE 120 London Wall Marston's PLC (J) London 25 Bank Street Mitchells & Butlers PLC (J) JEFFERIES HOARE GOVETT Canary Wharf Morgan Advanced Materials PLC (J) Vintners Place EC2Y 5ET London Network International Holdings PLC (J) 68 Upper Thames Street T: +44 (0)20 7418 8900 E14 5JP Ninety One PLC (J) London T: +44 (0)20 7742 4000 Oxford Instruments PLC EC4V 3BJ Personal Assets Trust PLC www.jpmorgancazenove.com T: +44 (0)20 7029 8000 Petrofac Ltd (J) F: +44 (0)20 7029 8010 Pollen Street Secured Lending PLC (J) 3i Infrastructure PLC (J) PPHE Hotel Group Ltd (J) www.jefferies.com Airtel Africa PLC (J) Provident Financial PLC (J) Assura PLC (J) PZ Cussons PLC (J) Aggreko PLC (J) BARCLAYS Aston Martin Lagonda Global Holdings PLC (J) Quilter PLC (J) Apax Global Alpha Ltd 5 The North Colonnade Babcock International Group PLC (J) RIT Capital Partners PLC (J) AVI Global Trust PLC Canary Wharf Bankers Investment Trust PLC (J) Rotork PLC (J) Avon Rubber PLC (J) London Beazley PLC (J) Sanne Group PLC (J) Babcock International Group PLC (J) E14 4BB Big Yellow Group PLC Serco Group PLC (J) BBGI SICAV S.A. (J) BlackRock World Mining Trust PLC (J) Bodycote PLC (J) T: +44 (0)20 7623 2323 Shaftesbury PLC (J) www.barcap.com Britvic PLC (J) Signature Aviation PLC (J) Fisher (James) & Sons PLC (J) Cairn Energy PLC (J) Spectris PLC (J) Foresight Solar Fund Ltd Caledonia Investments PLC (J) SSP Group PLC (J) Genesis Emerging Markets Fund Ltd (J) Airtel Africa PLC (J) Close Brothers Group PLC (J) St Modwen Properties PLC (J) Harbourvest Global Private Equity Ltd (J) Cineworld Group PLC (J) Derwent London PLC (J) Temple Bar Investment Trust PLC Hays PLC (J) Countryside Properties PLC (J) Drax Group PLC (J) TI Fluid Systems PLC (J) Helios Towers PLC (J) Crest Nicholson Holdings PLC (J) Elementis PLC (J) TP ICAP PLC (J) Inchcape PLC (J) Diploma PLC (J) F&C Investment Trust PLC UK Commercial Property REIT Ltd Paragon Banking Group PLC (J) Equiniti Group PLC (J) Ferrexpo PLC (J) Ultra Electronics Holdings PLC (J) PayPoint PLC (J) Hastings Group Holdings PLC (J) FirstGroup PLC (J) UNITE Group PLC (J) Pershing Square Holdings Ltd (J) IG Group Holdings PLC (J) G4S PLC (J) Vesuvius PLC (J) Playtech PLC (J) John Laing Group PLC (J) Genesis Emerging Markets Fund Ltd (J) Victrex PLC PPHE Hotel Group Ltd (J) Just Group PLC (J) Grainger PLC (J) Vivo Energy PLC (J) PureTech Health PLC (J) Moneysupermarket.com Group PLC (J) Great Portland Estates PLC (J) WH Smith PLC (J) Sanne Group PLC (J) OneSavings Bank PLC (J) Hammerson PLC (J) Witan Investment Trust PLC Senior PLC (J) Provident Financial PLC (J) Harbourvest Global Private Equity Ltd (J) Wizz Air Holdings PLC (J) Sequoia Economic Infrastructure Inc. Fund Ltd QinetiQ Group PLC (J) Hipgnosis Songs Fund Ltd (J) Wood Group (John) PLC (J) Signature Aviation PLC (J) Redrow PLC (J) Hochschild Mining PLC (J) Softcat PLC (J) RHI Magnesita N.V. (J) HomeServe PLC (J) Spectris PLC (J) Royal Mail PLC (J) Ibstock PLC (J) Spirent Communications PLC (J) Sabre Insurance Group PLC (J) IMI PLC (J) Tritax Big Box REIT PLC SSP Group PLC (J) Inchcape PLC (J) Vesuvius PLC (J) Synthomer PLC (J) Investec PLC (J) Vietnam Enterprise Investments Ltd TalkTalk Telecom Group PLC (J) IWG PLC (J) TUI AG (J) Jupiter Fund Management PLC (J) Watches of Switzerland Group PLC (J)

128 Corporate Advisers Rankings Guide 129 STOCKBROKERS

WH Smith PLC (J) MORGAN STANLEY & CO William Hill PLC (J) INTERNATIONAL PLC Wizz Air Holdings PLC (J) 25 Cabot Square Canary Wharf CENKOS SECURITIES London RBC CAPITAL MARKETS 6.7.8 Tokenhouse Yard E14 4QA Thames Court London T: +44 (0)20 7425 8000 One Queenhithe EC2R 7AS London T: +44 (0)20 7397 8900 EC4V 3DQ F: +44 (0)20 7397 8901 www.cenkos.com UBS LIMITED WINTERFLOOD SECURITIES T: +44 (0)20 7653 4000 5 Broadgate The Atrium Building, Cannon Bridge F: +44 (0)20 7029 7900 London House www.rbccm.com EC2M 2QS 25 Dowgate Hill GOODBODY STOCKBROKERS T: +44 (0)20 7567 8000 London 3i Infrastructure PLC (J) 2, Ballsbridge Business Park Brewin Dolphin Holdings PLC (J) F: +44 (0)20 7568 7722 EC4R 2GA Ballsbridge T: +44 (0)20 3100 0000 Direct Line Insurance Group PLC (J) www.ibb.ubs.com Drax Group PLC (J) Dublin 4 Greencoat UK Wind PLC T: +353 (0)1 614 0600 Ashmore Group PLC (J) HICL Infrastructure PLC (J) Avast PLC (J) Hochschild Mining PLC (J) Capital & Counties Properties PLC (J) OneSavings Bank PLC (J) Close Brothers Group PLC (J) Rathbone Brothers PLC (J) CANACCORD GENUITY ConvaTec Group PLC (J) Stagecoach Group PLC (J) 9th Floor Derwent London PLC (J) 88 Wood Street Dunelm Group PLC (J) DEUTSCHE BANK AG LONDON Electrocomponents PLC (J) London Winchester House EC2V 7QR Euromoney Institutional Investor PLC (J) 1 Great Winchester Street Greggs PLC (J) T: +44 (0)20 7523 8000 Hays PLC (J) London Hiscox Ltd EC2N 2DB HomeServe PLC (J) T: +44 (0)20 7545 8000 Howden Joinery Group PLC (J) F: +44 (0)20 7545 4577 Ibstock PLC (J) www.db.com STIFEL NICOLAUS EUROPE LTD KAZ Minerals PLC (J) 150 Cheapside Mediclinic International PLC (J) Aston Martin Lagonda Global Holdings PLC (J) London Paragon Banking Group PLC (J) Essentra PLC (J) EC2V 6ET N+1 SINGER Renishaw PLC Ferrexpo PLC (J) T: +44 (0)20 7710 7600 One Bartholomew Lane Savills PLC (J) Forterra PLC (J) F: +44 (0)20 7710 7609 London Spirent Communications PLC (J) GVC Holdings PLC (J) EC2N 2AX Weir Group PLC (J) www.stifel.com McCarthy & Stone PLC (J) T: +44 (0)20 7496 3000 Polypipe Group PLC (J) Assura PLC (J) F: +44 (0)20 7496 3150 Stagecoach Group PLC (J) BMO Global Smaller Companies PLC www.n1singer.com TalkTalk Telecom Group PLC (J) Energean Oil & Gas PLC (J) CITI Travis Perkins PLC (J) Citigroup Centre GCP Infrastructure Investments Ltd Future PLC (J) 33 Canada Square GCP Student Living PLC Herald Investment Trust PLC (J) JPMorgan Emerging Markets Investment Trust PLC Canary Wharf Hipgnosis Songs Fund Ltd (J) Murray International Trust PLC London Polar Capital Technology Trust PLC E14 5LB TR Property Investment Trust PLC (J) T: +44 (0)20 7986 4000 Workspace Group PLC (J) HSBC BANK PLC 8 Canada Square Canary Wharf CREDIT SUISSE PANMURE GORDON (UK) LTD London 1 Cabot Square One New Change E14 5HQ BANK OF AMERICA SECURITIES London London T: +44 (0)20 7991 8888 2 King Edward Street E14 4QJ EC4M 9AF F: +44 (0)20 7991 4459 London T: +44 (0)20 7888 8888 T: +44 (0)20 7886 2500 www.hsbc.com EC1A 1HQ www.panmure.com T: +44 (0)20 7628 1000 Biffa PLC (J) F: +44 (0)20 7867 2867 Crest Nicholson Holdings PLC (J) SHORE CAPITAL STOCKBROKERS LTD www.bankofamerica.com Greencore Group PLC (J) Cassini House John Laing Group PLC (J) 57 St James's Street B&M European Value Retail SA (J) Morgan Sindall Group PLC (J) London Balfour Beatty PLC (J) National Express Group PLC (J) SW1A 1LD Capital & Counties Properties PLC (J) Ninety One PLC (J) T: +44 (0)20 7408 4050 Great Portland Estates PLC (J) PageGroup PLC (J) Helios Towers PLC (J) TP ICAP PLC (J) IMI PLC (J) Vistry Group PLC (J) Investec PLC (J) IP Group PLC (J) BERENBERG National Express Group PLC (J) 60 Threadneedle Street Pets at Home Group PLC (J) London Royal Mail PLC (J) EC2R 8HP Serco Group PLC (J) T: +44 (0)20 3207 7800 Tate & Lyle PLC (J) TUI AG (J) Workspace Group PLC (J)

LIBERUM CAPITAL LIMITED Ropemaker Place, Level 12 25 Ropemaker Street London EC2Y 9LY T: +44 (0)20 3100 2000

128 Corporate Advisers Rankings Guide 129 STOCKBROKERS

FTSE Small Cap/Fledgling Number of clients Client Market Cap (£M) RANK STOCKBROKER MAY ‘20 FEB ‘20 RANK STOCKBROKER MAY ‘20 FEB ‘20 1 (1) - NUMIS SECURITIES 71 (75) 1 (1) NUMIS SECURITIES 13,998 (22,640) 2 (2) - J.P. MORGAN CAZENOVE 53 (53) 2 (2) J.P. MORGAN CAZENOVE 12,035 (15,653) 3 (3) - PEEL HUNT 50 (51) 3 (3) INVESTEC BANK 9,351 (15,547) 4 (4) - INVESTEC BANK 43 (48) 4 (4) PEEL HUNT 9,325 (13,797) 5 (5) - WINTERFLOOD SECURITIES 33 (34) 5 (5) WINTERFLOOD SECURITIES 8,983 (11,325) 6 (6) - LIBERUM CAPITAL 27 (27) 6 (6) JEFFERIES HOARE GOVETT 6,003 (9,373) 7 (7) - JEFFERIES HOARE GOVETT 26 (25) 7 (7) LIBERUM CAPITAL 5,059 (7,764) 8 (8) - PANMURE GORDON (UK) 18 (19) 8 (8) STIFEL NICOLAUS EUROPE 4,828 (6,009) 8 (9) ▲ STIFEL NICOLAUS EUROPE 18 (17) 9 (9) PANMURE GORDON (UK) 4,225 (5,218) 10 (9) ▼ CENKOS SECURITIES 16 (17) 10 (10) CENKOS SECURITIES 3,332 (4,501) 11 (11) - N+1 SINGER 15 (15) 11 (11) N+1 SINGER 2,599 (3,649) 11 (11) - SHORE CAPITAL STOCKBROKERS 15 (15) 12 (16) RBC CAPITAL MARKETS 1,975 (1,413) 13 (13) - CANTOR FITZGERALD EUROPE 9 (10) 13 (18) BARCLAYS 1,661 (1,252) 14 (16) ▲ BARCLAYS 8 (5) 14 (12) CANACCORD GENUITY 1,526 (3,122) 14 (15) ▲ FINNCAP 8 (7) 15 (13) SHORE CAPITAL STOCKBROKERS 1,347 (2,287) 16 (14) ▼ CANACCORD GENUITY 7 (9) 16 (20) GOLDMAN SACHS INTERNATIONAL 1,264 (1,174) 16 (18) ▲ RBC CAPITAL MARKETS 7 (4) 17 (15) ZEUS CAPITAL 1,182 (1,474) 18 (16) ▼ BERENBERG 5 (5) 18 (17) CANTOR FITZGERALD EUROPE 1,079 (1,322) 18 (18) - GOLDMAN SACHS INTERNATIONAL 5 (4) 19 (23) FNZC 883 (942) 20 (18) ▼ ZEUS CAPITAL 4 (4) 20 (22) MACQUARIE CAPITAL (EUROPE) 787 (1,039) 21 (21) - ARDEN PARTNERS 3 (3) 21 - DAVY CORPORATE FINANCE 592 - 21 (21) - BANK OF AMERICA SECURITIES 3 (3) 22 - WG PARTNERS 554 - 21 (21) - CITI 3 (3) 23 (14) BERENBERG 538 (1,688) 21 - ▲ DAVY CORPORATE FINANCE 3 - 24 (19) HSBC BANK 509 (1,213) 21 (21) - HSBC BANK 3 (3) 25 (26) FINNCAP 482 (659) 21 (21) - MACQUARIE CAPITAL (EUROPE) 3 (3) 26 - MORGAN STANLEY & CO INTERNATIONAL 455 -

Martin Currie Global Portfolio Trust PLC LIBERUM CAPITAL LIMITED SDCL Energy Efficiency Income Trust PLC Merchants Trust (The) PLC Ropemaker Place, Level 12 Severfield PLC Mid Wynd International Investment Trust PLC SIG PLC (J) J.P. MORGAN CAZENOVE 25 Ropemaker Street MITIE Group PLC (J) London Superdry PLC (J) 25 Bank Street Pacific Horizon Investment Trust PLC Tritax EuroBox PLC (J) Canary Wharf Pharos Energy PLC (J) EC2Y 9LY Xaar PLC (J) London Picton Property Income Ltd (J) T: +44 (0)20 3100 2000 E14 5JP RDI REIT PLC (J) T: +44 (0)20 7742 4000 Restaurant Group (The) PLC (J) Riverstone Energy Ltd (J) www.jpmorgancazenove.com Saga PLC (J) Schroder Real Estate Investment Trust Ltd 888 Holdings PLC (J) Securities Trust of Scotland PLC Aberdeen Japan Investment Trust PLC Shires Income PLC PANMURE GORDON (UK) LTD Aberdeen Standard Equity Income Trust PLC Spire Healthcare Group PLC (J) JEFFERIES HOARE GOVETT Alcentra European Floating Rate Inc. Fund Ltd Vintners Place One New Change Stock Spirits Group PLC (J) London Amigo Holdings PLC (J) Tullow Oil PLC (J) 68 Upper Thames Street AO World PLC (J) Urban&Civic PLC (J) London EC4M 9AF Arrow Global Group PLC (J) Value & Income Trust PLC EC4V 3BJ T: +44 (0)20 7886 2500 Baring Emerging Europe PLC Vectura Group PLC (J) T: +44 (0)20 7029 8000 www.panmure.com BB Healthcare Trust PLC (J) Witan Pacific Investment Trust PLC BH Global Ltd (J) F: +44 (0)20 7029 8010 BH Macro Ltd www.jefferies.com BlackRock Income and Growth Inv. Trust PLC Capital & Regional PLC (J) PEEL HUNT LLP AO World PLC (J) Capital Gearing Trust PLC Moor House Brown (N) Group PLC (J) De La Rue PLC (J) Countrywide PLC (J) 120 London Wall Dunedin Income Growth Inv Trust PLC DFS Furniture PLC (J) EnQuest PLC (J) London DWF Group PLC (J) STIFEL NICOLAUS EUROPE LTD Finablr PLC (J) EC2Y 5ET Empiric Student Property PLC (J) Gem Diamonds Ltd (J) T: +44 (0)20 7418 8900 Indivior PLC (J) 150 Cheapside Halfords Group PLC (J) Keller Group PLC (J) London Helical PLC (J) LSL Property Services PLC (J) EC2V 6ET Henderson Diversified Income Trust PLC Metro Bank PLC (J) T: +44 (0)20 7710 7600 Henderson EuroTrust PLC WINTERFLOOD SECURITIES MITIE Group PLC (J) F: +44 (0)20 7710 7609 Henderson High Income Trust PLC The Atrium Building, Cannon Bridge Mobius Investment Trust PLC www.stifel.com Henderson Opportunities Trust PLC House NB Private Equity Partners Ltd (J) Independent Investment Trust (The) PLC NCC Group PLC (J) 25 Dowgate Hill Aberdeen Asian Income Fund Ltd Invesco Income Growth Trust PLC NewRiver REIT PLC (J) London BlackRock Throgmorton Trust PLC Invesco Perpetual UK Smaller Cos. Inv. Trust PLC Pendragon PLC (J) Brunner Investment Trust (The) PLC Lamprell PLC (J) EC4R 2GA Pharos Energy PLC (J) DWF Group PLC (J) Lindsell Train Investment Trust (The) PLC T: +44 (0)20 3100 0000 Premier Foods PLC (J) Ecofin Global Utilities & Infrastructure Trust PLC Lowland Investment Company PLC Premier Oil PLC (J) Fidelity Asian Values PLC Majedie Investments PLC Residential Secure Income PLC Fidelity Japan Trust PLC

130 Corporate Advisers Rankings Guide 131 STOCKBROKERS

Henderson Alternative Strategies Trust PLC MORGAN STANLEY & CO Jupiter Green Investment Trust PLC INTERNATIONAL PLC McKay Securities PLC 25 Cabot Square NB Private Equity Partners Ltd (J) Canary Wharf BARCLAYS ARDEN PARTNERS PLC Picton Property Income Ltd (J) London Polar Capital Global Financials Trust PLC 5 The North Colonnade 125 Old Broad Street E14 4QA Starwood European Real Estate Finance Ltd Canary Wharf London T: +44 (0)20 7425 8000 Stobart Group Ltd (J) London EC2N 1AR Studio Retail Group PLC (J) E14 4BB T: +44 (0)20 7614 5900 Target Healthcare REIT PLC T: +44 (0)20 7623 2323 Urban&Civic PLC (J) F: +44 (0)20 7614 5901 www.barcap.com www.arden-partners.co.uk Alfa Financial Software Holdings PLC (J) Countrywide PLC (J) Finablr PLC (J) Macfarlane Group PLC Hunting PLC (J) Palace Capital PLC (J) UBS LIMITED Petra Diamonds Ltd (J) Triad Group PLC 5 Broadgate CENKOS SECURITIES Reach PLC (J) London Redde Northgate PLC (J) EC2M 2QS 6.7.8 Tokenhouse Yard Tullow Oil PLC (J) London T: +44 (0)20 7567 8000 EC2R 7AS F: +44 (0)20 7568 7722 T: +44 (0)20 7397 8900 www.ibb.ubs.com F: +44 (0)20 7397 8901 CANACCORD GENUITY BANK OF AMERICA SECURITIES www.cenkos.com 9th Floor 2 King Edward Street Card Factory PLC (J) 88 Wood Street London Intu Properties PLC (J) London EC1A 1HQ EC2V 7QR T: +44 (0)20 7628 1000 T: +44 (0)20 7523 8000 F: +44 (0)20 7867 2867 www.bankofamerica.com

EnQuest PLC (J) N+1 SINGER Gulf Marine Services PLC (J) One Bartholomew Lane Intu Properties PLC (J) DEUTSCHE BANK AG LONDON London Winchester House EC2N 2AX 1 Great Winchester Street T: +44 (0)20 7496 3000 London F: +44 (0)20 7496 3150 RBC CAPITAL MARKETS CITI EC2N 2DB www.n1singer.com Thames Court Citigroup Centre T: +44 (0)20 7545 8000 One Queenhithe 33 Canada Square F: +44 (0)20 7545 4577 Air Partner PLC (J) London Canary Wharf www.db.com Augmentum Fintech PLC (J) EC4V 3DQ London AVI Japan Opportunity Trust PLC T: +44 (0)20 7653 4000 E14 5LB GoCo Group PLC (J) Centaur Media PLC (J) T: +44 (0)20 7986 4000 Gresham Technologies PLC F: +44 (0)20 7029 7900 Highcroft Investments PLC www.rbccm.com Liontrust Asset Management PLC (J) MJ Gleeson PLC (J) Amigo Holdings PLC (J) DAVY CORPORATE FINANCE CMC Markets PLC (J) Premier Global Infrastructure Trust PLC Davy House Raven Property Group Ltd (J) Empiric Student Property PLC (J) RM Secured Direct Lending PLC Hunting PLC (J) 49 Dawson Street Dublin 2 SDL PLC (J) Metro Bank PLC (J) SP ANGEL Premier Oil PLC (J) T: +353 (0)1 679 7788 Studio Retail Group PLC (J) Prince Frederick House XPS Pensions Group PLC (J) Vp PLC 35-39 Maddox Street Xaar PLC (J) London W1S 2PP BERENBERG T: +44 (0)20 3470 0470 SHORE CAPITAL STOCKBROKERS LTD 60 Threadneedle Street F: +44 (0)20 7629 1341 Cassini House London www.spangel.co.uk 57 St James's Street EC2R 8HP HSBC BANK PLC London T: +44 (0)20 3207 7800 8 Canada Square JKX Oil & Gas PLC SW1A 1LD Canary Wharf T: +44 (0)20 7408 4050 London E14 5HQ ZEUS CAPITAL LTD T: +44 (0)20 7991 8888 10 Old Burlington Street F: +44 (0)20 7991 4459 CANTOR FITZGERALD EUROPE London www.hsbc.com 5 Churchill Place W1S 3AG Canary Wharf T: +44 (0)20 3829 5000 Electra Private Equity PLC (J) WH IRELAND LTD London Galliford Try Holdings PLC (J) 24 Martin Lane E14 5HU Wincanton PLC (J) London T: +44 (0)20 7894 7000 EC4R 0DR T: +44 (0)20 7220 1666 www.whirelandplc.com MACQUARIE CAPITAL (EUROPE) LIMITED French Connection Group PLC Ropemaker Place 28 Ropemaker Street London EC2Y 9HD T: +44 (0)20 3037 2000

130 Corporate Advisers Rankings Guide 131 STOCKBROKERS

Total AIM Clients Number of clients Client Market Cap (£M) RANK STOCKBROKER MAY ‘20 FEB ‘20 RANK STOCKBROKER MAY ‘20 FEB ‘20 1 (1) - FINNCAP 99 (98) 1 (1) NUMIS SECURITIES 22,024 (25,539) 2 (2) - CENKOS SECURITIES 68 (70) 2 (2) INVESTEC BANK 11,940 (12,080) 3 (3) - N+1 SINGER 67 (64) 3 (3) PEEL HUNT 10,037 (12,046) 4 (4) - NUMIS SECURITIES 58 (60) 4 (5) JEFFERIES HOARE GOVETT 8,145 (9,208) 5 (6) ▲ WH IRELAND 57 (57) 5 (4) PANMURE GORDON (UK) 7,776 (9,351) 6 (7) ▲ PEEL HUNT 56 (53) 6 (12) J.P. MORGAN CAZENOVE 7,702 (5,961) 7 (4) ▼ SHORE CAPITAL STOCKBROKERS 55 (60) 7 (6) N+1 SINGER 7,495 (8,690) 8 (8) - SP ANGEL 49 (50) 8 (8) FINNCAP 6,111 (6,691) 9 (9) - LIBERUM CAPITAL 45 (45) 9 (14) ZEUS CAPITAL 5,893 (5,410) 10 (9) ▼ ALLENBY CAPITAL 44 (45) 10 (13) BERENBERG 5,230 (5,892) 11 (12) ▲ CANACCORD GENUITY 40 (40) 11 (9) CENKOS SECURITIES 4,854 (6,603) 12 (13) ▲ PANMURE GORDON (UK) 35 (35) 12 (11) LIBERUM CAPITAL 4,343 (6,086) 13 (11) ▼ ARDEN PARTNERS 34 (41) 13 (7) CANACCORD GENUITY 4,237 (7,136) 14 (14) - INVESTEC BANK 33 (32) 14 (16) STIFEL NICOLAUS EUROPE 3,770 (4,507) 15 (15) - STIFEL NICOLAUS EUROPE 28 (27) 15 (15) SHORE CAPITAL STOCKBROKERS 3,715 (5,010) 16 (17) ▲ NOVUM SECURITIES 27 (27) 16 (10) ARDEN PARTNERS 2,940 (6,279) 17 (15) ▼ CANTOR FITZGERALD EUROPE 25 (27) 17 (20) WH IRELAND 2,761 (2,363) 17 (19) ▲ PETERHOUSE CAPITAL 25 (24) 18 (17) HSBC BANK 2,417 (2,597) 19 (18) ▼ TURNER POPE INVESTMENTS (TPI) 23 (25) 19 (19) DAVY CORPORATE FINANCE 2,124 (2,484) 20 (20) - BERENBERG 21 (20) 20 (18) BMO CAPITAL MARKETS 2,003 (2,487) 21 (21) - ZEUS CAPITAL 19 (17) 21 (21) RBC CAPITAL MARKETS 1,895 (2,247) 22 (23) ▲ SHARD CAPITAL PARTNERS 16 (15) 22 (22) GOODBODY STOCKBROKERS 1,535 (2,014) 23 (22) ▼ DAVY CORPORATE FINANCE 15 (16) 23 (25) SP ANGEL 1,504 (1,490) 23 (23) - SI CAPITAL 15 (15) 24 (23) CANTOR FITZGERALD EUROPE 1,118 (1,744) 25 - ▲ BRANDON HILL CAPITAL 12 - 25 (24) MACQUARIE CAPITAL (EUROPE) 1,093 (1,533) 25 (25) - WHITMAN HOWARD 12 (12) 26 - PEAT & CO 954 -

Curtis Banks Group PLC (J) Urban Logistics REIT PLC (J) Ashley House PLC CVS Group PLC Verona Pharma PLC Aura Energy Ltd (J) Directa Plus PLC (J) Volex PLC (J) Billington Holdings PLC dotDigital Group PLC (J) Warpaint London PLC (J) Cadence Minerals PLC (J) CENKOS SECURITIES Driver Group PLC Weiss Korea Opportunity Fund Ltd Caledonia Mining Corporation PLC 6.7.8 Tokenhouse Yard Eckoh PLC (J) Zinc Media Group PLC (J) Cambium Global Timberland Ltd London Eco Animal Health Group PLC (J) Zytronic PLC Cambria Africa PLC EC2R 7AS EIH PLC CareTech Holdings PLC (J) T: +44 (0)20 7397 8900 EKF Diagnostics Holdings PLC Caspian Sunrise PLC F: +44 (0)20 7397 8901 Empresaria Group PLC China Nonferrous Gold Ltd www.cenkos.com essensys PLC Croma Security Solutions Group PLC Frontier IP Group PLC Digitalbox PLC (J) Fulcrum Utility Services Ltd (J) Dillistone Group PLC Gateley (Holdings) PLC (J) Entertainment AI PLC (J) Gear4music (Holdings) PLC European Metals Holdings Ltd (J) WH IRELAND LTD GlobalData PLC (J) FIH Group PLC Hargreaves Services PLC (J) 24 Martin Lane GETECH Group PLC i-nexus Global PLC London Goldplat PLC N+1 SINGER IMImobile PLC (J) EC4R 0DR Hermes Pacific Investments PLC IndigoVision Group PLC i3 Energy PLC (J) One Bartholomew Lane T: +44 (0)20 7220 1666 Infrastructure India PLC (J) www.whirelandplc.com Immotion Group PLC (J) London Instem PLC James Halstead PLC (J) EC2N 2AX Itaconix PLC St. Brandon’s House Jarvis Securities PLC T: +44 (0)20 7496 3000 Kape Technologies PLC (J) 29 Great George Street Journeo PLC LiDCO Group PLC Jubilee Metals Group PLC (J) F: +44 (0)20 7496 3150 Bristol www.n1singer.com Mattioli Woods PLC (J) London Security PLC Mercia Asset Management PLC (J) BS1 5QT Malvern International PLC T: +44 (0)117 945 3420 1Spatial PLC Microsaic Systems PLC (J) Microsaic Systems PLC (J) www.whirelandplc.com 4D pharma PLC (J) MySale Group PLC (J) Mineral & Financial Investments Ltd (J) Actual Experience PLC Nichols PLC Minoan Group PLC (J) AdEPT Technology Group PLC Oxford Metrics PLC Third Floor NetScientific PLC AIREA PLC Portmeirion Group PLC (J) 28 Sovereign Street Norman Broadbent PLC Angling Direct PLC Pressure Technologies PLC Leeds Oriole Resources PLC (J) Applied Graphene Materials PLC RBG Holdings PLC (J) LS1 4BJ Parity Group PLC APQ Global Ltd Renalytix AI PLC (J) T: +44 (0)113 394 6600 Pennant International Group PLC ReNeuron Group PLC (J) Petards Group PLC (J) Augean PLC www.whirelandplc.com Autins Group PLC Sigma Capital Group PLC Phoenix Copper Ltd (J) Avingtrans PLC SmartSpace Software PLC (J) 600 Group (The) PLC Pittards PLC Bagir Group Ltd Springfield Properties PLC AFC Energy PLC (J) Rurelec PLC Brand Architekts Group PLC Summerway Capital PLC AfriTin Mining Ltd (J) Scholium Group PLC Cambria Automobiles PLC (J) Surgical Innovations Group PLC Angus Energy PLC Serinus Energy PLC (J) Checkit PLC Tatton Asset Management PLC (J) Arricano Real Estate PLC Solid State PLC (J) CloudCoCo Group PLC Thorpe (F.W.) PLC Ascent Resources PLC (J) Spectra Systems Corporation Tribal Group PLC (J) Tanfield Group PLC

132 Corporate Advisers Rankings Guide 133 STOCKBROKERS

Touchstar PLC Volga Gas PLC Plant Health Care PLC Prospex Oil and Gas PLC (J) UK Oil & Gas PLC (J) Westminster Group PLC Regal Petroleum PLC Rose Petroleum PLC (J) Verditek PLC Zoltav Resources Inc (J) SEC Newgate S.p.A (J) Secure Property Development & Inv. PLC (J) Watchstone Group PLC Serinus Energy PLC (J) Tekcapital PLC (J) Water Intelligence PLC (J) Sutton Harbour Group PLC Tiger Resource PLC Wey Education PLC Trakm8 Holdings PLC UK Oil & Gas PLC (J) WH Ireland Group PLC LIBERUM CAPITAL LIMITED Trans-Siberian Gold PLC Xtract Resources PLC (J) Ropemaker Place, Level 12 Woodbois Ltd 25 Ropemaker Street London PEEL HUNT LLP CANTOR FITZGERALD EUROPE EC2Y 9LY Moor House 5 Churchill Place T: +44 (0)20 3100 2000 120 London Wall Canary Wharf London London EC2Y 5ET E14 5HU T: +44 (0)20 7418 8900 ALLENBY CAPITAL LIMITED T: +44 (0)20 7894 7000 5th Floor STIFEL NICOLAUS EUROPE LTD 5 St Helen's Place 150 Cheapside London London SHORE CAPITAL STOCKBROKERS LTD PETERHOUSE CAPITAL LIMITED EC3A 6AB EC2V 6ET Cassini House 3rd Floor T: +44 (0)20 3328 5656 T: +44 (0)20 7710 7600 57 St James's Street F: +44 (0)20 7710 7609 80 Cheapside London www.stifel.com London SW1A 1LD EC2V 6EE T: +44 (0)20 7408 4050 CANACCORD GENUITY Amiad Water Systems Ltd T: +44 (0)20 7469 0930 9th Floor Amryt Pharma PLC (J) 88 Wood Street Bidstack Group PLC London CentralNic Group PLC (J) Cluff Natural Resources PLC (J) TURNER POPE INVESTMENTS (TPI) LTD EC2V 7QR Diversified Gas & Oil PLC (J) 6th Floor T: +44 (0)20 7523 8000 Eco (Atlantic) Oil & Gas Ltd (J) Beckett House Falanx Group Ltd (J) 36 Old Jewry Hurricane Energy PLC (J) London SP ANGEL Jadestone Energy Inc. (J) EC2R 8DD Prince Frederick House Longboat Energy PLC T: +44 (0)20 3621 4120 35-39 Maddox Street Osirium Technologies PLC Panoply Holdings (The) PLC London Petro Matad Ltd (J) W1S 2PP PANMURE GORDON (UK) LTD PetroTal Corp. (J) T: +44 (0)20 3470 0470 One New Change RBG Holdings PLC (J) BERENBERG F: +44 (0)20 7629 1341 London Reabold Resources PLC (J) 60 Threadneedle Street www.spangel.co.uk EC4M 9AF Renalytix AI PLC (J) London T: +44 (0)20 7886 2500 ReNeuron Group PLC (J) EC2R 8HP SDX Energy PLC (J) Active Energy Group PLC (J) www.panmure.com T: +44 (0)20 3207 7800 Altus Strategies PLC Secure Income REIT PLC Amur Minerals Corporation Seeing Machines Ltd (J) Anglo Asian Mining PLC Strix Group PLC (J) Arc Minerals Ltd (J) Tissue Regenix Group PLC ZEUS CAPITAL LTD Arkle Resources PLC (J) WANdisco PLC (J) 10 Old Burlington Street Wentworth Resources PLC (J) Ascent Resources PLC (J) London Aura Energy Ltd (J) Yourgene Health PLC W1S 3AG Baron Oil PLC (J) Zoo Digital Group PLC Beowulf Mining PLC ARDEN PARTNERS PLC T: +44 (0)20 3829 5000 Beximco Pharmaceuticals Ltd 125 Old Broad Street BlueRock Diamonds PLC (J) London Bushveld Minerals Ltd (J) EC2N 1AR SHARD CAPITAL PARTNERS LLP Chaarat Gold Holdings Ltd (J) T: +44 (0)20 7614 5900 23rd Floor Clear Leisure PLC F: +44 (0)20 7614 5901 Condor Gold PLC 20 Fenchurch St www.arden-partners.co.uk Cora Gold Ltd (J) London Edenville Energy PLC (J) EC3M 3BY Empire Metals Ltd (J) NOVUM SECURITIES LTD T: +44 (0)20 7186 9900 Holders Technology PLC 8-10 Grosvenor Gardens 7digital Group PLC Immedia Group PLC Abbey PLC (J) London KEFI Minerals PLC (J) Andrews Sykes Group PLC SW1W 0DH Keras Resources PLC (J) Anexo Group PLC (J) T: +44 (0)20 7399 9400 DAVY CORPORATE FINANCE Kodal Minerals PLC AssetCo PLC www.novumsecurities.com Davy House Lansdowne Oil & Gas PLC (J) Brighton Pier Group (The) PLC (J) Latham (James) PLC 49 Dawson Street CyanConnode Holdings PLC Mkango Resources Ltd (J) Advance Energy PLC (J) Dublin 2 Dart Group PLC (J) Mosman Oil and Gas Ltd (J) AfriTin Mining Ltd (J) T: +353 (0)1 679 7788 Deltex Medical Group PLC (J) Motif Bio PLC Alien Metals Ltd (J) Ethernity Networks Ltd Novacyt S.A. Attis Oil and Gas Ltd EVR Holdings PLC Ormonde Mining PLC (J) Bezant Resources PLC First Property Group PLC Orosur Mining Inc (J) Botswana Diamonds PLC (J) WHITMAN HOWARD Haydale Graphene Industries PLC Polarean Imaging PLC Cadence Minerals PLC (J) First Floor Hydrodec Group PLC Power Metal Resources PLC (J) Clontarf Energy PLC iEnergizer Ltd Connaught House Rambler Metals and Mining PLC Concepta PLC Ince Group (The) PLC 1-3 Mount Street Remote Monitored Systems PLC (J) Galileo Resources PLC (J) Indus Gas Ltd London Scotgold Resources Ltd (J) Great Western Mining Corporation PLC (J) Jersey Oil and Gas PLC (J) W1K 3NB SkinBioTherapeutics PLC (J) Mineral & Financial Investments Ltd (J) KCR Residential REIT PLC Strategic Minerals PLC Ncondezi Energy Ltd (J) T: +44 (0)20 7659 1234 Livermore Investments Group Ltd Tekcapital PLC (J) Nektan PLC Maestrano Group PLC Tertiary Minerals PLC (J) Nostra Terra Oil & Gas Company PLC (J) Metal Tiger PLC Tower Resources PLC (J) Nu-Oil and Gas PLC Open Orphan PLC (J) Union Jack Oil PLC Oilex Ltd Origo Partners PLC URU Metals Ltd Pathfinder Minerals PLC Pantheon Resources PLC Vast Resources PLC Petrel Resources PLC Parkmead Group (The) PLC PHSC PLC Versarien PLC (J) Continued...

132 Corporate Advisers Rankings Guide 133 STOCKBROKERS

MORGAN STANLEY & CO INTERNATIONAL PLC 25 Cabot Square J.P. MORGAN CAZENOVE Canary Wharf JEFFERIES HOARE GOVETT 25 Bank Street BARCLAYS London Vintners Place Canary Wharf 5 The North Colonnade E14 4QA 68 Upper Thames Street London Canary Wharf T: +44 (0)20 7425 8000 London E14 5JP London EC4V 3BJ T: +44 (0)20 7742 4000 E14 4BB T: +44 (0)20 7029 8000 www.jpmorgancazenove.com T: +44 (0)20 7623 2323 F: +44 (0)20 7029 8010 www.barcap.com www.jefferies.com Abcam PLC (J) ASOS PLC (J) Mulberry Group PLC boohoo group PLC (J) Clinigen Group PLC (J) Burford Capital Ltd (J) GlobalData PLC (J) Codemasters Group Holdings PLC (J) SIMEC Atlantis Energy Ltd (J) Frontier Developments PLC (J) Young & Co's Brewery PLC (J) Gama Aviation PLC Globalworth Real Estate Investments Ltd (J) Gresham House PLC (J) Savannah Energy PLC (J) HSBC BANK PLC Serica Energy PLC (J) 8 Canada Square Urban Exposure PLC (J) Canary Wharf Watkin Jones PLC (J) London E14 5HQ RBC CAPITAL MARKETS T: +44 (0)20 7991 8888 Thames Court F: +44 (0)20 7991 4459 One Queenhithe www.hsbc.com London EC4V 3DQ Hutchison China Meditech Ltd (J) T: +44 (0)20 7653 4000 F: +44 (0)20 7029 7900 STRAND HANSON LIMITED www.rbccm.com 26 Mount Row London Clinigen Group PLC (J) W1K 3SQ Greencoat Renewables PLC (J) T: +44 (0)20 7409 3494 Uniphar PLC (J) F: +44 (0)20 7409 1761 www.strandhanson.co.uk

Agriterra Ltd Catalyst Media Group PLC CIP Merchant Capital Ltd GCM Resources PLC Metals Exploration PLC Northern Bear PLC Nostra Terra Oil & Gas Company PLC (J) Secure Property Development & Inv. PLC (J) Solo Oil PLC Ukrproduct Group Ltd

134 Corporate Advisers Rankings Guide 135 STOCKBROKERS

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Basic Materials Clients Number of clients BMO CAPITAL MARKETS RANK STOCKBROKER MAY ‘20 FEB ‘20 95 Queen Victoria Street 1 (1) - SP ANGEL 30 (32) London EC4V 4HG 2 (2) - PEEL HUNT 16 (18) PANMURE GORDON (UK) LTD T: +44 (0)20 7236 1010 One New Change 3 (3) - NUMIS SECURITIES 14 (14) London 4 (5) ▲ SI CAPITAL 13 (12) EC4M 9AF T: +44 (0)20 7886 2500 5 (8) ▲ NOVUM SECURITIES 12 (11) SHORE CAPITAL STOCKBROKERS LTD Cassini House www.panmure.com 5 (4) ▼ WH IRELAND 12 (13) 57 St James's Street 7 (6) ▼ SHARD CAPITAL PARTNERS 11 (11) London SW1A 1LD 8 (9) ▲ 10 (9) BERENBERG T: +44 (0)20 7408 4050 8 (6) ▼ J.P. MORGAN CAZENOVE 10 (11) 8 (9) ▲ TURNER POPE INVESTMENTS (TPI) 10 (9) 11 - ▲ FINNCAP 9 - HANNAM & PARTNERS UBS LIMITED 2 Park Street 5 Broadgate 12 (9) ▼ BMO CAPITAL MARKETS 8 (9) Mayfair London 12 (13) ▲ BRANDON HILL CAPITAL 8 (8) London W1K 2HX EC2M 2QS T: +44 (0)20 7907 8500 12 (9) ▼ SHORE CAPITAL STOCKBROKERS 8 (9) T: +44 (0)20 7567 8000 F: +44 (0)20 7568 7722 15 (15) - FIRST EQUITY 7 (7) www.ibb.ubs.com 15 (15) - HANNAM & PARTNERS 7 (7) CANACCORD GENUITY BHP Group PLC (J) 9th Floor 17 (13) ▼ CANACCORD GENUITY 6 (8) KAZ Minerals PLC (J) 88 Wood Street Mondi PLC (J) 17 (17) - CITI 6 (6) London 17 (17) - LIBERUM CAPITAL 6 (6) EC2V 7QR T: +44 (0)20 7523 8000

SHARD CAPITAL PARTNERS LLP 23rd Floor CITI 20 Fenchurch St Citigroup Centre JEFFERIES HOARE GOVETT London 33 Canada Square Vintners Place 68 Upper Thames Street SP ANGEL EC3M 3BY Canary Wharf London Prince Frederick House T: +44 (0)20 7186 9900 London EC4V 3BJ 35-39 Maddox Street E14 5LB T: +44 (0)20 7029 8000 London T: +44 (0)20 7986 4000 F: +44 (0)20 7029 8010 W1S 2PP BERENBERG www.jefferies.com T: +44 (0)20 3470 0470 60 Threadneedle Street F: +44 (0)20 7629 1341 London LIBERUM CAPITAL LIMITED Bodycote PLC (J) www.spangel.co.uk EC2R 8HP Ropemaker Place, Level 12 Mondi PLC (J) T: +44 (0)20 3207 7800 25 Ropemaker Street Altus Strategies PLC London Amur Minerals Corporation EC2Y 9LY Anglo Asian Mining PLC Arc Minerals Ltd (J) T: +44 (0)20 3100 2000 Arkle Resources PLC (J) Aura Energy Ltd (J) Beowulf Mining PLC N+1 SINGER BlueRock Diamonds PLC (J) J.P. MORGAN CAZENOVE 25 Bank Street One Bartholomew Lane Bushveld Minerals Ltd (J) London Chaarat Gold Holdings Ltd (J) Canary Wharf Condor Gold PLC London EC2N 2AX Cora Gold Ltd (J) E14 5JP ARDEN PARTNERS PLC T: +44 (0)20 7496 3000 Edenville Energy PLC (J) T: +44 (0)20 7742 4000 125 Old Broad Street F: +44 (0)20 7496 3150 Empire Metals Ltd (J) www.jpmorgancazenove.com London www.n1singer.com KEFI Minerals PLC (J) EC2N 1AR Keras Resources PLC (J) Antofagasta PLC (J) Applied Graphene Materials PLC Kodal Minerals PLC T: +44 (0)20 7614 5900 Elementis PLC (J) Directa Plus PLC (J) Mkango Resources Ltd (J) F: +44 (0)20 7614 5901 EVRAZ PLC (J) Ormonde Mining PLC (J) www.arden-partners.co.uk Ferrexpo PLC (J) Orosur Mining Inc (J) Fresnillo PLC (J) Power Metal Resources PLC (J) Gem Diamonds Ltd (J) Rainbow Rare Earths Ltd (J) Hochschild Mining PLC (J) Rambler Metals and Mining PLC Castings PLC Johnson Matthey PLC (J) Scotgold Resources Ltd (J) Haydale Graphene Industries PLC Rio Tinto PLC (J) SolGold PLC (J) Plant Health Care PLC HSBC BANK PLC Victrex PLC Trans-Siberian Gold PLC Strategic Minerals PLC 8 Canada Square Tertiary Minerals PLC (J) Canary Wharf URU Metals Ltd Vast Resources PLC London TURNER POPE INVESTMENTS (TPI) LTD Versarien PLC (J) E14 5HQ 6th Floor T: +44 (0)20 7991 8888 Beckett House F: +44 (0)20 7991 4459 36 Old Jewry www.hsbc.com PEEL HUNT LLP London CENKOS SECURITIES Moor House EC2R 8DD 6.7.8 Tokenhouse Yard Croda International PLC (J) 120 London Wall T: +44 (0)20 3621 4120 London London EC2R 7AS EC2Y 5ET T: +44 (0)20 7397 8900 T: +44 (0)20 7418 8900 F: +44 (0)20 7397 8901 www.cenkos.com

136 Corporate Advisers Rankings Guide 137 STOCKBROKERS

Consumer Discretionary & Consumer Staples Number of clients SHORE CAPITAL STOCKBROKERS LTD ALLENBY CAPITAL LIMITED RANK STOCKBROKER MAY ‘20 FEB ‘20 Cassini House 5th Floor 1 (1) - NUMIS SECURITIES 42 (46) 57 St James's Street 5 St Helen's Place London London (2) (31) 2 - PEEL HUNT 32 SW1A 1LD EC3A 6AB 3 (4) ▲ J.P. MORGAN CAZENOVE 29 (24) T: +44 (0)20 7408 4050 T: +44 (0)20 3328 5656 4 (3) ▼ INVESTEC BANK 26 (25) 5 (5) - LIBERUM CAPITAL 24 (23) CITI 6 (6) - N+1 SINGER 20 (18) Citigroup Centre 7 (6) ▼ BARCLAYS 18 (18) 33 Canada Square Canary Wharf 8 (9) ▲ 17 (16) JEFFERIES HOARE GOVETT FINNCAP London Vintners Place 8 (6) ▼ SHORE CAPITAL STOCKBROKERS 17 (18) E14 5LB 68 Upper Thames Street T: +44 (0)20 7986 4000 10 (10) - JEFFERIES HOARE GOVETT 15 (15) London 11 (10) ▼ UBS 14 (15) EC4V 3BJ T: +44 (0)20 7029 8000 12 (12) - BANK OF AMERICA SECURITIES 13 (13) F: +44 (0)20 7029 8010 DAVY CORPORATE FINANCE 12 (12) - CANACCORD GENUITY 13 (13) www.jefferies.com Davy House 49 Dawson Street 14 (12) ▼ ALLENBY CAPITAL 12 (13) AO World PLC (J) Dublin 2 14 (12) ▼ CITI 12 (13) boohoo group PLC (J) T: +353 (0)1 679 7788 Brown (N) Group PLC (J) 16 (17) ▲ DAVY CORPORATE FINANCE 11 (11) Codemasters Group Holdings PLC (J) 16 (17) ▲ MORGAN STANLEY & CO INTERNATIONAL 11 (11) DFS Furniture PLC (J) Frontier Developments PLC (J) 16 (12) ▼ PANMURE GORDON (UK) 11 (13) Glanbia PLC (J) Inchcape PLC (J) 19 (19) - BERENBERG 10 (10) Morrison (Wm) Supermarkets PLC (J) Pendragon PLC (J) 20 (19) ▼ CENKOS SECURITIES 9 (10) PANMURE GORDON (UK) LTD Playtech PLC (J) 20 - ▲ CREDIT SUISSE 9 - PPHE Hotel Group Ltd (J) One New Change Premier Foods PLC (J) London 20 (19) ▼ DEUTSCHE BANK AG LONDON 9 (10) Superdry PLC (J) EC4M 9AF 20 (19) ▼ GOLDMAN SACHS INTERNATIONAL 9 (10) Watkin Jones PLC (J) T: +44 (0)20 7886 2500 www.panmure.com

PEEL HUNT LLP Wizz Air Holdings PLC (J) Moor House Young & Co's Brewery PLC (J) BERENBERG 120 London Wall 60 Threadneedle Street London London EC2R 8HP EC2Y 5ET LIBERUM CAPITAL LIMITED UBS LIMITED T: +44 (0)20 3207 7800 T: +44 (0)20 7418 8900 Ropemaker Place, Level 12 5 Broadgate 25 Ropemaker Street London London EC2M 2QS EC2Y 9LY T: +44 (0)20 7567 8000 T: +44 (0)20 3100 2000 F: +44 (0)20 7568 7722 www.ibb.ubs.com J.P. MORGAN CAZENOVE CENKOS SECURITIES 25 Bank Street Berkeley Group Holdings (The) PLC British American Tobacco PLC (J) 6.7.8 Tokenhouse Yard Canary Wharf Card Factory PLC (J) London London Carnival PLC (J) EC2R 7AS E14 5JP Coca-Cola HBC AG (J) T: +44 (0)20 7397 8900 T: +44 (0)20 7742 4000 Dunelm Group PLC (J) N+1 SINGER F: +44 (0)20 7397 8901 www.jpmorgancazenove.com Euromoney Institutional Investor PLC (J) One Bartholomew Lane www.cenkos.com London Greggs PLC (J) HomeServe PLC (J) 888 Holdings PLC (J) EC2N 2AX Howden Joinery Group PLC (J) AO World PLC (J) T: +44 (0)20 7496 3000 ASOS PLC (J) Next PLC CREDIT SUISSE Aston Martin Lagonda Global Holdings PLC (J) F: +44 (0)20 7496 3150 RELX PLC (J) Britvic PLC (J) www.n1singer.com Sainsbury (J) PLC (J) 1 Cabot Square Daily Mail and General Trust PLC (J) Unilever PLC (J) London FirstGroup PLC (J) Air Partner PLC (J) E14 4QJ GlobalData PLC (J) AIREA PLC T: +44 (0)20 7888 8888 Halfords Group PLC (J) Angling Direct PLC HomeServe PLC (J) Autins Group PLC BANK OF AMERICA SECURITIES Inchcape PLC (J) Bagir Group Ltd 2 King Edward Street Marston's PLC (J) Brand Architekts Group PLC London Mitchells & Butlers PLC (J) Cambria Automobiles PLC (J) EC1A 1HQ Centaur Media PLC (J) Ocado Group PLC (J) T: +44 (0)20 7628 1000 Pearson PLC (J) CVS Group PLC F: +44 (0)20 7867 2867 Persimmon PLC (J) Future PLC (J) PPHE Hotel Group Ltd (J) Gear4music (Holdings) PLC www.bankofamerica.com PZ Cussons PLC (J) GlobalData PLC (J) RELX PLC (J) MJ Gleeson PLC (J) Restaurant Group (The) PLC (J) MySale Group PLC (J) Saga PLC (J) Nichols PLC CANACCORD GENUITY SSP Group PLC (J) Portmeirion Group PLC (J) 9th Floor Stock Spirits Group PLC (J) Springfield Properties PLC 88 Wood Street TI Fluid Systems PLC (J) Studio Retail Group PLC (J) London Vivo Energy PLC (J) Warpaint London PLC (J) EC2V 7QR WH Smith PLC (J) Zinc Media Group PLC (J) T: +44 (0)20 7523 8000 Whitbread PLC (J) Continued...

136 Corporate Advisers Rankings Guide 137 STOCKBROKERS

ARDEN PARTNERS PLC HSBC BANK PLC 125 Old Broad Street 8 Canada Square STIFEL NICOLAUS EUROPE LTD London Canary Wharf 150 Cheapside EC2N 1AR London London T: +44 (0)20 7614 5900 E14 5HQ EC2V 6ET F: +44 (0)20 7614 5901 T: +44 (0)20 7991 8888 T: +44 (0)20 7710 7600 www.arden-partners.co.uk F: +44 (0)20 7991 4459 F: +44 (0)20 7710 7609 www.hsbc.com www.stifel.com

Crest Nicholson Holdings PLC (J) Bidstack Group PLC 7digital Group PLC Greencore Group PLC (J) Studio Retail Group PLC (J) Abbey PLC (J) National Express Group PLC (J) Brighton Pier Group (The) PLC (J) S4 Capital PLC (J) Dart Group PLC (J) Vistry Group PLC (J) SEC Newgate S.p.A (J) Woodbois Ltd

138 Corporate Advisers Rankings Guide 139 STOCKBROKERS

Energy Clients Number of clients WHITMAN HOWARD RANK STOCKBROKER MAY ‘20 FEB ‘20 First Floor 1 (1) - SP ANGEL 12 (12) J.P. MORGAN CAZENOVE Connaught House 1-3 Mount Street 1 (1) - STIFEL NICOLAUS EUROPE 12 (12) 25 Bank Street Canary Wharf London 3 (7) ▲ CANACCORD GENUITY 11 (9) London W1K 3NB T: +44 (0)20 7659 1234 3 (4) ▲ PEEL HUNT 11 (10) E14 5JP T: +44 (0)20 7742 4000 3 (1) ▼ SHORE CAPITAL STOCKBROKERS 11 (12) www.jpmorgancazenove.com 6 (4) ▼ CENKOS SECURITIES 10 (10) Cairn Energy PLC (J) 6 (7) ▲ 10 (9) NOVUM SECURITIES EnQuest PLC (J) 6 (4) ▼ WH IRELAND 10 (10) Genel Energy PLC (J) Lamprell PLC (J) JEFFERIES HOARE GOVETT 9 (7) ▼ INVESTEC BANK 9 (9) Petrofac Ltd (J) Vintners Place 9 (7) ▼ J.P. MORGAN CAZENOVE 9 (9) Pharos Energy PLC (J) 68 Upper Thames Street SIMEC Atlantis Energy Ltd (J) London 9 (7) ▼ MIRABAUD SECURITIES 9 (9) Tullow Oil PLC (J) Wood Group (John) PLC (J) EC4V 3BJ 12 (12) - CANTOR FITZGERALD EUROPE 8 (8) T: +44 (0)20 7029 8000 13 (12) ▼ ARDEN PARTNERS 7 (8) F: +44 (0)20 7029 8010 www.jefferies.com 13 (14) ▲ NUMIS SECURITIES 7 (7) CANTOR FITZGERALD EUROPE 15 (14) ▼ TURNER POPE INVESTMENTS (TPI) 6 (7) 5 Churchill Place Pharos Energy PLC (J) Canary Wharf Premier Oil PLC (J) 16 (16) 5 (5) - BRANDON HILL CAPITAL London Savannah Energy PLC (J) 16 (16) - WHITMAN HOWARD 5 (5) E14 5HU Serica Energy PLC (J) T: +44 (0)20 7894 7000

CANACCORD GENUITY 9th Floor 88 Wood Street London PANMURE GORDON (UK) LTD SP ANGEL EC2V 7QR One New Change ARDEN PARTNERS PLC Prince Frederick House T: +44 (0)20 7523 8000 London 125 Old Broad Street 35-39 Maddox Street EC4M 9AF London London T: +44 (0)20 7886 2500 EC2N 1AR W1S 2PP www.panmure.com PEEL HUNT LLP T: +44 (0)20 7614 5900 T: +44 (0)20 3470 0470 Moor House F: +44 (0)20 7629 1341 F: +44 (0)20 7614 5901 120 London Wall www.arden-partners.co.uk www.spangel.co.uk London EC2Y 5ET Active Energy Group PLC (J) T: +44 (0)20 7418 8900 Ascent Resources PLC (J) Hydrodec Group PLC Baron Oil PLC (J) Indus Gas Ltd Curzon Energy PLC Jersey Oil and Gas PLC (J) UBS LIMITED Great Eastern Energy Corporation Ltd Pantheon Resources PLC JKX Oil & Gas PLC SHORE CAPITAL STOCKBROKERS LTD 5 Broadgate Cassini House Parkmead Group (The) PLC London Lansdowne Oil & Gas PLC (J) Regal Petroleum PLC 57 St James's Street EC2M 2QS Mosman Oil and Gas Ltd (J) Serinus Energy PLC (J) Tower Resources PLC (J) London T: +44 (0)20 7567 8000 Union Jack Oil PLC SW1A 1LD F: +44 (0)20 7568 7722 Volga Gas PLC T: +44 (0)20 7408 4050 www.ibb.ubs.com Zoltav Resources Inc (J) TURNER POPE INVESTMENTS (TPI) LTD 6th Floor BP PLC Beckett House 36 Old Jewry London EC2R 8DD CENKOS SECURITIES T: +44 (0)20 3621 4120 6.7.8 Tokenhouse Yard STIFEL NICOLAUS EUROPE LTD London 150 Cheapside EC2R 7AS London T: +44 (0)20 7397 8900 EC2V 6ET F: +44 (0)20 7397 8901 T: +44 (0)20 7710 7600 www.cenkos.com F: +44 (0)20 7710 7609 www.stifel.com

Cluff Natural Resources PLC (J) Diversified Gas & Oil PLC (J) Eco (Atlantic) Oil & Gas Ltd (J) Energean Oil & Gas PLC (J) Hurricane Energy PLC (J) Jadestone Energy Inc. (J) Longboat Energy PLC Petro Matad Ltd (J) PetroTal Corp. (J) Reabold Resources PLC (J) SDX Energy PLC (J) Wentworth Resources PLC (J)

138 Corporate Advisers Rankings Guide 139 STOCKBROKERS

Financials and Real Estate Clients Number of clients RANK STOCKBROKER MAY ‘20 FEB ‘20 Sanne Group PLC (J) Schroder Real Estate Investment Trust Ltd 1 (2) ▲ NUMIS SECURITIES 95 (95) Schroders PLC (J) 2 (1) ▼ J.P. MORGAN CAZENOVE 93 (96) Securities Trust of Scotland PLC Shaftesbury PLC (J) JEFFERIES HOARE GOVETT 3 (3) - PANMURE GORDON (UK) 58 (56) Shires Income PLC Vintners Place St James's Place PLC (J) 68 Upper Thames Street 4 (4) - WINTERFLOOD SECURITIES 55 (53) St Modwen Properties PLC (J) London 5 (5) - PEEL HUNT 39 (41) Standard Chartered PLC (J) EC4V 3BJ Standard Life Aberdeen PLC (J) T: +44 (0)20 7029 8000 6 (6) - LIBERUM CAPITAL 38 (40) Temple Bar Investment Trust PLC F: +44 (0)20 7029 8010 7 (9) ▲ SHORE CAPITAL STOCKBROKERS 36 (34) Tetragon Financial Group Ltd (J) TP ICAP PLC (J) www.jefferies.com 8 (7) ▼ INVESTEC BANK 35 (37) UK Commercial Property REIT Ltd UNITE Group PLC (J) Apax Global Alpha Ltd 9 (8) ▼ CENKOS SECURITIES 32 (36) Urban&Civic PLC (J) Arix Bioscience PLC (J) Ashmore Global Opportunities Ltd (J) 10 (12) ▲ JEFFERIES HOARE GOVETT 31 (27) Value & Income Trust PLC Witan Investment Trust PLC AVI Global Trust PLC 11 (10) ▼ N+1 SINGER 30 (32) Witan Pacific Investment Trust PLC BBGI SICAV S.A. (J) Burford Capital Ltd (J) 11 (10) ▼ STIFEL NICOLAUS EUROPE 30 (32) Countrywide PLC (J) 13 (13) - FINNCAP 17 (18) Empiric Student Property PLC (J) Foresight Solar Fund Ltd 14 (14) - PETERHOUSE CAPITAL 16 (17) Genesis Emerging Markets Fund Ltd (J) Globalworth Real Estate Investments Ltd (J) 15 (15) - BANK OF AMERICA SECURITIES 15 (16) Gresham House PLC (J) 15 (17) ▲ BARCLAYS 15 (14) PANMURE GORDON (UK) LTD Harbourvest Global Private Equity Ltd (J) LSL Property Services PLC (J) 15 (16) ▲ UBS 15 (15) One New Change Metro Bank PLC (J) London 18 (18) - CANTOR FITZGERALD EUROPE 13 (13) Mobius Investment Trust PLC EC4M 9AF NB Private Equity Partners Ltd (J) 18 (19) ▲ RBC CAPITAL MARKETS 13 (12) T: +44 (0)20 7886 2500 NewRiver REIT PLC (J) www.panmure.com Paragon Banking Group PLC (J) 20 (20) - GOLDMAN SACHS INTERNATIONAL 10 (11) Pershing Square Holdings Ltd (J) 20 (20) - MORGAN STANLEY & CO INTERNATIONAL 10 (11) Residential Secure Income PLC Sanne Group PLC (J) 22 (22) - ALLENBY CAPITAL 9 (9) WINTERFLOOD SECURITIES Scottish Mortgage Investment Trust PLC (J) 23 (22) ▼ CANACCORD GENUITY 8 (9) The Atrium Building, Cannon Bridge SDCL Energy Efficiency Income Trust PLC House Sequoia Economic Infrastructure Inc. Fund Ltd 23 (24) ▲ MACQUARIE CAPITAL (EUROPE) 8 (8) Trian Investors 1 Ltd (J) 25 Dowgate Hill Tritax Big Box REIT PLC 25 - ▲ HSBC BANK 7 - London Tritax EuroBox PLC (J) 25 (25) - OPTIVA SECURITIES 7 (7) EC4R 2GA Urban Exposure PLC (J) T: +44 (0)20 3100 0000 Vietnam Enterprise Investments Ltd VPC Specialty Lending Investments PLC (J)

Hammerson PLC (J) Harbourvest Global Private Equity Ltd (J) PEEL HUNT LLP Helical PLC (J) Moor House J.P. MORGAN CAZENOVE Henderson Diversified Income Trust PLC 120 London Wall 25 Bank Street Henderson EuroTrust PLC London Canary Wharf Henderson High Income Trust PLC EC2Y 5ET N+1 SINGER London Henderson Opportunities Trust PLC T: +44 (0)20 7418 8900 E14 5JP Hipgnosis Songs Fund Ltd (J) One Bartholomew Lane T: +44 (0)20 7742 4000 Independent Investment Trust (The) PLC London Intermediate Capital Group PLC (J) www.jpmorgancazenove.com EC2N 2AX Invesco Enhanced Income Ltd LIBERUM CAPITAL LIMITED T: +44 (0)20 7496 3000 Invesco Income Growth Trust PLC Ropemaker Place, Level 12 F: +44 (0)20 7496 3150 3i Infrastructure PLC (J) Invesco Perpetual UK Smaller Cos. Inv. Trust PLC Aberdeen Japan Investment Trust PLC Investec PLC (J) 25 Ropemaker Street www.n1singer.com Aberdeen Standard Equity Income Trust PLC JPEL Private Equity Ltd (J) London AIB Group PLC (J) JPMorgan Global Core Real Assets Ltd EC2Y 9LY APQ Global Ltd Alcentra European Floating Rate Inc. Fund Ltd Jupiter Fund Management PLC (J) T: +44 (0)20 3100 2000 Artemis VCT PLC Amigo Holdings PLC (J) JZ Capital Partners Ltd Augmentum Fintech PLC (J) Arrow Global Group PLC (J) Land Securities Group PLC (J) AVI Japan Opportunity Trust PLC Ashmore Global Opportunities Ltd (J) Law Debenture Corporation (The) PLC Blackstone/GSO Loan Financing Ltd (J) Assura PLC (J) Lindsell Train Investment Trust (The) PLC SHORE CAPITAL STOCKBROKERS LTD Calculus VCT PLC Bankers Investment Trust PLC (J) Local Shopping REIT (The) PLC Cassini House Carador Income Fund PLC Barclays PLC (J) Ceiba Investments Ltd LondonMetric Property PLC (J) 57 St James's Street Baring Emerging Europe PLC Chrysalis VCT PLC Lowland Investment Company PLC London BB Healthcare Trust PLC (J) Majedie Investments PLC Curtis Banks Group PLC (J) SW1A 1LD Beazley PLC (J) Man Group PLC (J) EIH PLC BH Global Ltd (J) Martin Currie Global Portfolio Trust PLC T: +44 (0)20 7408 4050 Hargreave Hale AIM VCT PLC BH Macro Ltd Merchants Trust (The) PLC Herald Investment Trust PLC (J) Big Yellow Group PLC Mid Wynd International Investment Trust PLC Highcroft Investments PLC BioPharma Credit PLC (J) Ninety One PLC (J) Hipgnosis Songs Fund Ltd (J) BlackRock Income and Growth Inv. Trust PLC Non-Standard Finance PLC (J) Infrastructure India PLC (J) BlackRock World Mining Trust PLC (J) Pacific Horizon Investment Trust PLC Liontrust Asset Management PLC (J) Caledonia Investments PLC (J) Personal Assets Trust PLC Mattioli Woods PLC (J) Capital & Regional PLC (J) Phoenix Group Holdings PLC (J) Mercia Asset Management PLC (J) Capital Gearing Trust PLC Picton Property Income Ltd (J) CENKOS SECURITIES Mountview Estates PLC Chenavari Toro Income Fund Ltd Pollen Street Secured Lending PLC (J) 6.7.8 Tokenhouse Yard Premier Global Infrastructure Trust PLC Close Brothers Group PLC (J) Princess Private Equity Holding Ltd (J) London PRS REIT (The) PLC Derwent London PLC (J) Provident Financial PLC (J) EC2R 7AS Raven Property Group Ltd (J) Dunedin Income Growth Inv Trust PLC Quilter PLC (J) T: +44 (0)20 7397 8900 RM Secured Direct Lending PLC F&C Investment Trust PLC Sigma Capital Group PLC RDI REIT PLC (J) F: +44 (0)20 7397 8901 Genesis Emerging Markets Fund Ltd (J) Summerway Capital PLC RIT Capital Partners PLC (J) www.cenkos.com Grainger PLC (J) Riverstone Energy Ltd (J) Tatton Asset Management PLC (J) Great Portland Estates PLC (J) RTW Venture Fund Ltd (J) Tufton Oceanic Assets Ltd (J) Urban Logistics REIT PLC (J) Weiss Korea Opportunity Fund Ltd

140 Corporate Advisers Rankings Guide 141 STOCKBROKERS

Land Securities Group PLC (J) Lloyds Banking Group PLC (J) Paragon Banking Group PLC (J) Prudential PLC (J) Savills PLC (J) ARDEN PARTNERS PLC STIFEL NICOLAUS EUROPE LTD Segro PLC (J) 125 Old Broad Street 150 Cheapside London London EC2N 1AR EC2V 6ET T: +44 (0)20 7614 5900 CANTOR FITZGERALD EUROPE T: +44 (0)20 7710 7600 F: +44 (0)20 7614 5901 5 Churchill Place F: +44 (0)20 7710 7609 www.arden-partners.co.uk Canary Wharf www.stifel.com London E14 5HU Aberdeen Asian Income Fund Ltd Assura PLC (J) T: +44 (0)20 7894 7000 First Property Group PLC BlackRock Throgmorton Trust PLC KCR Residential REIT PLC BMO Global Smaller Companies PLC Livermore Investments Group Ltd Brunner Investment Trust (The) PLC ALLENBY CAPITAL LIMITED Metal Tiger PLC Ecofin Global Utilities & Infrastructure Trust PLC 5th Floor Origo Partners PLC Fidelity Asian Values PLC 5 St Helen's Place Palace Capital PLC (J) Fidelity Japan Trust PLC London GCP Infrastructure Investments Ltd EC3A 6AB GCP Student Living PLC T: +44 (0)20 3328 5656 Henderson Alternative Strategies Trust PLC JPMorgan Emerging Markets Investment Trust PLC Jupiter Green Investment Trust PLC Marble Point Loan Financing Ltd CANACCORD GENUITY McKay Securities PLC 9th Floor Murray International Trust PLC SP ANGEL NB Distressed Debt Investment Fund Ltd 88 Wood Street Prince Frederick House NB Private Equity Partners Ltd (J) London 35-39 Maddox Street Picton Property Income Ltd (J) EC2V 7QR London Polar Capital Global Financials Trust PLC T: +44 (0)20 7523 8000 W1S 2PP Polar Capital Technology Trust PLC T: +44 (0)20 3470 0470 Secure Income REIT PLC Secure Trust Bank PLC (J) F: +44 (0)20 7629 1341 Starwood European Real Estate Finance Ltd MACQUARIE CAPITAL (EUROPE) www.spangel.co.uk Supermarket Income REIT PLC LIMITED Target Healthcare REIT PLC Ropemaker Place Clear Leisure PLC Tetragon Financial Group Ltd (J) 28 Ropemaker Street TR Property Investment Trust PLC (J) London Urban&Civic PLC (J) Workspace Group PLC (J) EC2Y 9HD T: +44 (0)20 3037 2000

PETERHOUSE CAPITAL LIMITED 3rd Floor 80 Cheapside London EC2V 6EE HSBC BANK PLC T: +44 (0)20 7469 0930 8 Canada Square Canary Wharf London BANK OF AMERICA SECURITIES E14 5HQ 2 King Edward Street T: +44 (0)20 7991 8888 London F: +44 (0)20 7991 4459 EC1A 1HQ www.hsbc.com T: +44 (0)20 7628 1000 F: +44 (0)20 7867 2867 Bank of Cyprus Holdings PLC (J) Electra Private Equity PLC (J) www.bankofamerica.com HSBC Holdings PLC (J) John Laing Group PLC (J) Ninety One PLC (J) Phoenix Group Holdings PLC (J) TP ICAP PLC (J)

UBS LIMITED OPTIVA SECURITIES LTD 5 Broadgate 49 Berkeley Square London Mayfair EC2M 2QS London T: +44 (0)20 7567 8000 W1J 5AZ F: +44 (0)20 7568 7722 T: +44 (0)20 3137 1902 www.ibb.ubs.com

Admiral Group PLC (J) Ashmore Group PLC (J) Bank of Ireland Group PLC (J) British Land Company PLC (J) Capital & Counties Properties PLC (J) Close Brothers Group PLC (J) Derwent London PLC (J) Hiscox Ltd Intu Properties PLC (J)

140 Corporate Advisers Rankings Guide 141 STOCKBROKERS

Health Care Clients Number of clients RANK STOCKBROKER MAY ‘20 FEB ‘20 1 (1) - FINNCAP 16 (15) J.P. MORGAN CAZENOVE 2 (3) ▲ PEEL HUNT 13 (12) 25 Bank Street ARDEN PARTNERS PLC 3 (2) ▼ NUMIS SECURITIES 12 (13) Canary Wharf 125 Old Broad Street London London 4 (4) - PANMURE GORDON (UK) 11 (11) E14 5JP EC2N 1AR 5 (5) - CENKOS SECURITIES 9 (9) T: +44 (0)20 7742 4000 T: +44 (0)20 7614 5900 www.jpmorgancazenove.com F: +44 (0)20 7614 5901 6 (6) - N+1 SINGER 8 (8) www.arden-partners.co.uk 7 (7) - INVESTEC BANK 7 (7) Abcam PLC (J) Clinigen Group PLC (J) 8 (8) - SP ANGEL 6 (6) Smith & Nephew PLC (J) 9 (8) ▼ ALLENBY CAPITAL 5 (6) Spire Healthcare Group PLC (J) Deltex Medical Group PLC (J) Vectura Group PLC (J) Open Orphan PLC (J) 9 (11) ▲ J.P. MORGAN CAZENOVE 5 (5) 9 (11) ▲ SHORE CAPITAL STOCKBROKERS 5 (5) 9 (11) ▲ STIFEL NICOLAUS EUROPE 5 (5) SHORE CAPITAL STOCKBROKERS LTD Cassini House 9 (8) ▼ 5 (6) WG PARTNERS 57 St James's Street 14 (14) - DAVY CORPORATE FINANCE 4 (4) London JEFFERIES HOARE GOVETT SW1A 1LD 14 (14) - LIBERUM CAPITAL 4 (4) Vintners Place T: +44 (0)20 7408 4050 14 (14) - MORGAN STANLEY & CO INTERNATIONAL 4 (4) 68 Upper Thames Street London 14 - ▲ PETERHOUSE CAPITAL 4 - EC4V 3BJ 18 (17) ▼ CANTOR FITZGERALD EUROPE 3 (3) T: +44 (0)20 7029 8000 F: +44 (0)20 7029 8010 18 - ▲ 3 - ZEUS CAPITAL www.jefferies.com

Indivior PLC (J) STIFEL NICOLAUS EUROPE LTD PureTech Health PLC (J) PEEL HUNT LLP Renalytix AI PLC (J) 150 Cheapside Moor House ReNeuron Group PLC (J) London 120 London Wall Surgical Innovations Group PLC EC2V 6ET London Verona Pharma PLC T: +44 (0)20 7710 7600 EC2Y 5ET F: +44 (0)20 7710 7609 T: +44 (0)20 7418 8900 www.stifel.com

Amryt Pharma PLC (J) UBS LIMITED Renalytix AI PLC (J) 5 Broadgate ReNeuron Group PLC (J) London Tissue Regenix Group PLC EC2M 2QS SP ANGEL Yourgene Health PLC Prince Frederick House T: +44 (0)20 7567 8000 PANMURE GORDON (UK) LTD 35-39 Maddox Street F: +44 (0)20 7568 7722 One New Change London www.ibb.ubs.com London W1S 2PP DAVY CORPORATE FINANCE EC4M 9AF T: +44 (0)20 3470 0470 Davy House ConvaTec Group PLC (J) T: +44 (0)20 7886 2500 Mediclinic International PLC (J) F: +44 (0)20 7629 1341 49 Dawson Street www.panmure.com www.spangel.co.uk Dublin 2 T: +353 (0)1 679 7788 Beximco Pharmaceuticals Ltd Hemogenyx Pharmaceuticals PLC Motif Bio PLC Novacyt S.A. LIBERUM CAPITAL LIMITED Polarean Imaging PLC Ropemaker Place, Level 12 HSBC BANK PLC CENKOS SECURITIES SkinBioTherapeutics PLC (J) 25 Ropemaker Street 8 Canada Square 6.7.8 Tokenhouse Yard London Canary Wharf London EC2Y 9LY London T: +44 (0)20 3100 2000 EC2R 7AS ALLENBY CAPITAL LIMITED E14 5HQ T: +44 (0)20 7397 8900 5th Floor T: +44 (0)20 7991 8888 F: +44 (0)20 7397 8901 F: +44 (0)20 7991 4459 5 St Helen's Place PETERHOUSE CAPITAL LIMITED www.cenkos.com www.hsbc.com London 3rd Floor EC3A 6AB 80 Cheapside Hutchison China Meditech Ltd (J) T: +44 (0)20 3328 5656 London EC2V 6EE T: +44 (0)20 7469 0930

N+1 SINGER One Bartholomew Lane London EC2N 2AX T: +44 (0)20 7496 3000 F: +44 (0)20 7496 3150 www.n1singer.com

4D pharma PLC (J) Eco Animal Health Group PLC (J) EKF Diagnostics Holdings PLC LiDCO Group PLC

142 Corporate Advisers Rankings Guide 143 STOCKBROKERS

Industrials Clients Number of clients RANK STOCKBROKER MAY ‘20 FEB ‘20 1 (1) - J.P. MORGAN CAZENOVE 26 (24) CENKOS SECURITIES 2 (1) ▼ INVESTEC BANK 25 (24) ARDEN PARTNERS PLC 6.7.8 Tokenhouse Yard 125 Old Broad Street (3) (23) 2 ▲ NUMIS SECURITIES 25 London London EC2R 7AS 4 (4) - PEEL HUNT 21 (20) EC2N 1AR T: +44 (0)20 7397 8900 T: +44 (0)20 7614 5900 5 (4) ▼ JEFFERIES HOARE GOVETT 19 (20) F: +44 (0)20 7397 8901 F: +44 (0)20 7614 5901 5 (6) ▲ LIBERUM CAPITAL 19 (18) www.cenkos.com www.arden-partners.co.uk 7 (8) ▲ WH IRELAND 18 (16) 8 (7) ▼ FINNCAP 17 (17) Andrews Sykes Group PLC 9 (8) ▼ CENKOS SECURITIES 16 (16) Anexo Group PLC (J) 10 (11) ▲ N+1 SINGER 15 (13) AssetCo PLC iEnergizer Ltd 11 (10) ▼ SHORE CAPITAL STOCKBROKERS 13 (14) N+1 SINGER Ince Group (The) PLC One Bartholomew Lane Macfarlane Group PLC 12 (12) - 12 (11) CITI London Sutton Harbour Group PLC 13 (14) ▲ BERENBERG 11 (9) EC2N 2AX T: +44 (0)20 7496 3000 14 (14) - BARCLAYS 10 (9) F: +44 (0)20 7496 3150 14 (14) - CANACCORD GENUITY 10 (9) www.n1singer.com DAVY CORPORATE FINANCE Davy House 16 (17) ▲ BANK OF AMERICA SECURITIES 8 (8) Avingtrans PLC 49 Dawson Street 17 (13) ▼ ARDEN PARTNERS 7 (10) Checkit PLC Dublin 2 Driver Group PLC T: +353 (0)1 679 7788 17 (19) ▲ 7 (6) GOLDMAN SACHS INTERNATIONAL Empresaria Group PLC 19 (19) - DAVY CORPORATE FINANCE 6 (6) Frontier IP Group PLC Gateley (Holdings) PLC (J) 19 (19) - PANMURE GORDON (UK) 6 (6) Hargreaves Services PLC (J) 19 - ▲ STIFEL NICOLAUS EUROPE 6 - Itaconix PLC Microsaic Systems PLC (J) 19 (17) ▼ UBS 6 (8) Pressure Technologies PLC RBG Holdings PLC (J) 19 (19) - ZEUS CAPITAL 6 (6) PANMURE GORDON (UK) LTD Volex PLC (J) One New Change Vp PLC London Xaar PLC (J) EC4M 9AF Zytronic PLC T: +44 (0)20 7886 2500 www.panmure.com J.P. MORGAN CAZENOVE 25 Bank Street JEFFERIES HOARE GOVETT SHORE CAPITAL STOCKBROKERS LTD Canary Wharf Vintners Place Cassini House London 68 Upper Thames Street 57 St James's Street E14 5JP London London T: +44 (0)20 7742 4000 EC4V 3BJ SW1A 1LD www.jpmorgancazenove.com T: +44 (0)20 7029 8000 T: +44 (0)20 7408 4050 F: +44 (0)20 7029 8010 STIFEL NICOLAUS EUROPE LTD Babcock International Group PLC (J) www.jefferies.com 150 Cheapside Bunzl PLC (J) CITI London DCC PLC (J) Aggreko PLC (J) Citigroup Centre EC2V 6ET De La Rue PLC (J) Ashtead Group PLC (J) T: +44 (0)20 7710 7600 Experian PLC (J) Avon Rubber PLC (J) 33 Canada Square F: +44 (0)20 7710 7609 Ferguson PLC (J) Babcock International Group PLC (J) Canary Wharf Finablr PLC (J) DWF Group PLC (J) London www.stifel.com G4S PLC (J) Fisher (James) & Sons PLC (J) E14 5LB Ibstock PLC (J) Gama Aviation PLC T: +44 (0)20 7986 4000 Carillion PLC IMI PLC (J) Hays PLC (J) DWF Group PLC (J) Intertek Group PLC (J) Keller Group PLC (J) Falanx Group Ltd (J) IWG PLC (J) MITIE Group PLC (J) RBG Holdings PLC (J) Melrose Industries PLC (J) PayPoint PLC (J) BERENBERG Stobart Group Ltd (J) MITIE Group PLC (J) Rolls-Royce Holdings PLC (J) 60 Threadneedle Street Strix Group PLC (J) Morgan Advanced Materials PLC (J) Senior PLC (J) London Network International Holdings PLC (J) Severfield PLC EC2R 8HP Oxford Instruments PLC SIG PLC (J) Rotork PLC (J) Signature Aviation PLC (J) T: +44 (0)20 3207 7800 Serco Group PLC (J) Spectris PLC (J) Signature Aviation PLC (J) Vesuvius PLC (J) Smith (DS) PLC (J) Xaar PLC (J) CANACCORD GENUITY Smiths Group PLC (J) 9th Floor Spectris PLC (J) 88 Wood Street SP ANGEL Spirax-Sarco Engineering PLC (J) London Prince Frederick House Ultra Electronics Holdings PLC (J) LIBERUM CAPITAL LIMITED EC2V 7QR 35-39 Maddox Street Vesuvius PLC (J) Ropemaker Place, Level 12 T: +44 (0)20 7523 8000 London 25 Ropemaker Street W1S 2PP London T: +44 (0)20 3470 0470 PEEL HUNT LLP EC2Y 9LY F: +44 (0)20 7629 1341 BANK OF AMERICA SECURITIES Moor House T: +44 (0)20 3100 2000 www.spangel.co.uk 2 King Edward Street 120 London Wall London London Holders Technology PLC EC1A 1HQ EC2Y 5ET Latham (James) PLC T: +44 (0)20 7628 1000 Remote Monitored Systems PLC (J) T: +44 (0)20 7418 8900 F: +44 (0)20 7867 2867 Westminster Group PLC www.bankofamerica.com

142 Corporate Advisers Rankings Guide 143 STOCKBROKERS

Technology Clients Number of clients RANK STOCKBROKER MAY ‘20 FEB ‘20 1 (1) - FINNCAP 25 (26) ARDEN PARTNERS PLC 2 (2) - N+1 SINGER 17 (16) UBS LIMITED 125 Old Broad Street (3) - (15) 5 Broadgate 3 NUMIS SECURITIES 14 London London (4) - (12) EC2N 1AR 4 INVESTEC BANK 12 EC2M 2QS T: +44 (0)20 7614 5900 5 (5) - CANACCORD GENUITY 10 (11) T: +44 (0)20 7567 8000 F: +44 (0)20 7614 5901 F: +44 (0)20 7568 7722 5 (6) ▲ PEEL HUNT 10 (10) www.arden-partners.co.uk www.ibb.ubs.com 7 (9) ▲ ALLENBY CAPITAL 7 (6) 7 (9) ▲ CENKOS SECURITIES 7 (6) Avast PLC (J) Maestrano Group PLC Rightmove PLC (J) 7 (7) - SHORE CAPITAL STOCKBROKERS 7 (9) Trakm8 Holdings PLC 10 - ▲ STIFEL NICOLAUS EUROPE 6 - Triad Group PLC

J.P. MORGAN CAZENOVE 25 Bank Street Canary Wharf N+1 SINGER CENKOS SECURITIES JEFFERIES HOARE GOVETT London One Bartholomew Lane 6.7.8 Tokenhouse Yard Vintners Place E14 5JP London London 68 Upper Thames Street T: +44 (0)20 7742 4000 EC2N 2AX EC2R 7AS London www.jpmorgancazenove.com T: +44 (0)20 7496 3000 T: +44 (0)20 7397 8900 EC4V 3BJ F: +44 (0)20 7496 3150 F: +44 (0)20 7397 8901 T: +44 (0)20 7029 8000 AVEVA Group PLC (J) www.n1singer.com www.cenkos.com F: +44 (0)20 7029 8010 www.jefferies.com 1Spatial PLC Actual Experience PLC NCC Group PLC (J) CloudCoCo Group PLC SHORE CAPITAL STOCKBROKERS LTD Softcat PLC (J) dotDigital Group PLC (J) Cassini House Eckoh PLC (J) 57 St James's Street essensys PLC London PANMURE GORDON (UK) LTD Gresham Technologies PLC SW1A 1LD One New Change i-nexus Global PLC T: +44 (0)20 7408 4050 London IMImobile PLC (J) EC4M 9AF IndigoVision Group PLC T: +44 (0)20 7886 2500 Instem PLC www.panmure.com Kape Technologies PLC (J) SP ANGEL Oxford Metrics PLC Prince Frederick House SDL PLC (J) 35-39 Maddox Street SmartSpace Software PLC (J) Thorpe (F.W.) PLC London Tribal Group PLC (J) W1S 2PP STIFEL NICOLAUS EUROPE LTD T: +44 (0)20 3470 0470 150 Cheapside F: +44 (0)20 7629 1341 London www.spangel.co.uk CANACCORD GENUITY EC2V 6ET 9th Floor T: +44 (0)20 7710 7600 CML Microsystems PLC (J) 88 Wood Street F: +44 (0)20 7710 7609 Tekcapital PLC (J) London www.stifel.com EC2V 7QR T: +44 (0)20 7523 8000 CentralNic Group PLC (J) Osirium Technologies PLC Panoply Holdings (The) PLC Seeing Machines Ltd (J) PEEL HUNT LLP WANdisco PLC (J) Moor House Zoo Digital Group PLC 120 London Wall London EC2Y 5ET T: +44 (0)20 7418 8900

ALLENBY CAPITAL LIMITED 5th Floor 5 St Helen's Place London EC3A 6AB T: +44 (0)20 3328 5656

144 Corporate Advisers Rankings Guide Smart decisions. Lasting value. Taking your business further Our team of Capital Market specialists have a wealth of experience in the mid- market. We help clients make smarter decisions today that create lasting value for tomorrow, whether at IPO or with subsequent transactions. As the UK member of Crowe Global, we provide global reach on a personal scale. Our audit, tax, advisory and risk specialists work with clients to build something valuable, substantial and enduring.

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ISSUE 29 – FEBRUARY 2020 FEBRUARY 29 – ISSUE

ISSUE 30 – MAY 2020