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Nick Harriss/James Reeve/David Worlidge  020 3328 5656 Disclosure requirements of the Takeover Code   Under Rule 8.3(a) of the Takeover Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time)

United kingdomCity ofJoe mctaggartFinancial conduct authorityTakeover panelTakeover panel market surveillance unitAllenby capital limitedAllenby capital limited corporate adviserVirgata services limitedWalls futuresInternational securities identification numberTakeover codeCapital limitedCorporate adviserDavid worlidgeOpening position disclosure