Corporate Update

12 August 2014

As previously announced on 23 June 2014, the Board intends to wind-up the Company and distribute available cash to shareholders. The Board currently anticipates that it should be in a position to announce detailed proposals in September, to be considered at this year's Annual General Meeting, which is now expected to be held in October. A further announcement will be made in due course.

Enquiries:

IMAC
Patrick McKenna/ Duncan Reid
Tel: 020 7319 4000

Beaumont Cornish Limited (Nominated Adviser and Broker)
Michael Cornish
Tel: 020 7628 3396

Powerscourt Group (PR Adviser)
Carmen Murray & Victoria Palmer-Moore
020 7250 1446 / ingenious@powerscourt-group.com

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