Proof 5: 29.5.14 THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the contents of this document or the action that you should take, you should consult a person authorised under FSMA who specialises in advising on the acquisition of shares and other securities. If you are not in the United Kingdom you should immediately consult another appropriately authorised independent financial adviser. This document is an AIM admission document drawn up in accordance with the AIM Rules for the purpose of the application for admission to trading of the entire issued and to be issued share capital of the Company on AIM. This document does not constitute a prospectus for the purposes of the Prospectus Rules and it has not been, and will not be, approved by or filed with the FCA under the Prospectus Rules. This document contains no offer of transferable securities to the public within the meaning of section 102B of FSMA, the Companies Acts 1985 or 2006 of England and Wales or otherwise. AIM is a market designed primarily for emerging or smaller companies to which a higher investment risk tends to be attached than to larger or more established companies. AIM securities are not admitted to the Official List of the UK Listing Authority. The AIM Rules for Companies are less demanding than those of the Official List of the UK Listing Authority. A prospective investor should be aware of the risks of investing in such companies and should make the decision to invest only after careful consideration and, if appropriate, consultation with an independent financial adviser. Each AIM company is required pursuant to the AIM Rules to have a nominated adviser. The nominated adviser is required to make a declaration to the London Stock Exchange on admission in the form set out in Schedule Two to the AIM Rules for Nominated Advisers. The London Stock Exchange has not itself examined or approved the contents of this document. Application will be made for the whole of the ordinary share capital of the Company, in issue and to be issued, to be admitted to AIM. No application is being made for admission of the Shares to the Official List of the UK Listing Authority and no application has been or is being made for the Shares to be listed on any other recognised investment exchange. It is expected that Admission will become effective and unconditional dealings in the Shares will commence on AIM at 8.00 a.m. (London time) on 5 June 2014. The Company, whose registered office address appears on page 8 of this document, and the Directors, whose names appear on page 8 of this document, accept full responsibility for the information contained in this document, including individual and collective responsibility for compliance with the AIM Rules, and confirm, having taken all reasonable care to ensure that such is the case, that to the best of their knowledge and belief, the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information. Prospective investors should read the entire document and, in particular, the section headed ‘‘Risk Factors’’ when considering an investment in the Company. (Incorporated and registered in England and Wales with registered number 06064259) Admission to trading on AIM and placing of 8,620,689 Ordinary Shares at 174 pence per share ORIEL SECURITIES LIMITED Broker and Nominated Adviser Share capital immediately following the Placing and Admission Issued and fully paid Nominal Value Number £16,844,375.40 168,443,754 The Shares have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered sold, resold, transferred or delivered directly or indirectly within the United States or to, or for the account or benefit of, US Persons, except in certain transactions exempt from the registration requirements of the Securities Act or other applicable securities laws. No public offer of the Shares is being made in the United States. The Shares are only being offered and sold outside the United States to non-US Persons in offshore transactions in reliance on Regulation S under the Securities Act. In addition, the Company will not be registering under the US Investment Company Act of 1940 and investors will not be entitled to the benefits of such act. No US federal or state securities commission or regulatory authority has approved or disapproved of the Shares or passed upon the adequacy or accuracy of this document. Any representation to the contrary is a criminal offence in the United States. The Company will not be regulated as a collective investment scheme by the FCA. Oriel Securities, which is regulated by the FCA, is acting as broker and nominated adviser to the Company and for no one else in connection with the matters described herein. Its responsibilities as the Company’s nominated adviser under the AIM Rules are owed solely to London Stock Exchange plc and are not owed to the Company or to any Director or to any other person in respect of his decision to acquire shares in the Company in reliance on any part of this document. Oriel Securities is acting for the Company in relation to Admission and the Placing and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in relation to Admission or the Placing, the contents of this document or any transaction or arrangement referred to herein. Apart from the responsibilities and liabilities if any, which may be imposed on Oriel Securities by the FSMA or the regulatory regime established thereunder, Oriel Securities does not accept any responsibility whatsoever for the contents of this document (or the omission of any information in it) or for any other statement made or purported to be made by it, or on its behalf, in connection with the Company, the Shares or the Placing. Oriel Securities accordingly disclaims all and any liability whether arising in tort, contract or otherwise (to the fullest extent permissible by law and save as referred to above), which it might otherwise have in respect of such document or any such statement. The distribution of this document and the offer of the Shares in certain jurisdictions may be restricted by law. Accordingly, neither this document nor any advertisement or any other offering material may be distributed or published in any jurisdiction except under circumstances that will result in compliance with any applicable laws and regulations. Persons outside of the UK into whose possession this document comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities law of any such jurisdictions. The Placing and the distribution of this document are subject to the restrictions set out in paragraph 6 of Part 8: Details of the Placing. Prospective investors should rely only on the information in this document. No person has been authorised to give any information or make any representations other than those contained in this document and, if given or made, such information or representations must not be relied on as having been authorised by the Company, Prestbury or Oriel Securities. Without prejudice to the Company’s obligations under the AIM Rules, neither the delivery of this document nor any subscription or purchase of shares made pursuant to this document shall, under any circumstances, create any implication that there has been no change in the affairs of the Group since, or that the information contained herein is correct at any time subsequent to, the date of this document. The contents of this document are not to be construed as legal, financial, business, investment or tax advice. Each prospective investor and existing investor should consult his, her or its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice. Investors must inform themselves as to: (a) the legal requirements within their own countries for the purchase, holding, transfer, redemption or other disposal of Shares; (b) any foreign exchange restrictions applicable to the purchase, holding, transfer, redemption or other disposal of Shares which they might encounter; and (c) the income and other tax consequences which may apply in their own countries as a result of the purchase, holding, transfer, redemption or other disposal of Shares. Prospective investors must rely on their own representatives, including their own legal advisers and accountants, as to legal, tax, investment, or any other related matters concerning the Company and an investment therein. Restrictions on sales This document does not constitute, and may not be used for the purposes of, an offer or any invitation to subscribe for any Shares by any person in any jurisdiction: (a) in which such offer or invitation is not authorised; or (b) in which the person making such offer or invitation is not qualified to do so; or (c) to any person to whom it is unlawful to make such offer or invitation. The distribution of this document and the Placing in certain jurisdictions may be restricted. Accordingly, persons outside the UK into whose possession this document comes are required by the Company and Oriel Securities to inform themselves about and to observe any restrictions as to the Placing and the distribution of this document under the laws and regulations of any territory in connection with any application for Shares, including obtaining any requisite governmental or other consent and observing any other formality prescribed in such territory.