Shareholder Analysis

Ordinary Share Structure

The Company is listed on the Alternative Investment Market of the London Stock Exchange. The Company does not hold any ordinary shares in Treasury.

Issued and fully paid

Number: 2,315,679,020

Major Shareholders

As of 9 July 2011 the Company is aware of the following who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are set out below.

Shareholder	Number of ordinary Shares	% of issued capital
Halifax Share Dealing	252,367,274	10.90
Waterhouse Securities	191,429,093	8.27
Barclays Stockbrokers	187,710,388	8.11
Anthony Balme	157,373,463	6.80
Henderson Global Investors	156,266,667	6.75
Hargreaves Landsdown	100,167,309	4.33
Canaccord Genuity Ltd	80,807,974	3.49
HSBC Stockbroker Services	80,615,645	3.48
Selftrade	75,049,995	3.24

Lock-in and orderly market arrangements

At Admission, the Directors and their connected parties (the ‘Locked-in Directors’) will own 187,396,113 Ordinary Shares representing 11.38 per cent. of the Enlarged Share Capital and options to acquire a further 107,400,000 Ordinary Shares at a price of 1 penny per Ordinary Share. Details of the terms of the Options granted to the Directors are more particularly set out at paragraph 3.16 of Part VI of this Document. The Locked-in Directors have undertaken to the Company and Beaumont Cornish that they will not sell or dispose of, except in certain limited circumstances permitted under Rule 7 of the AIM Rules for Companies, any of their respective interests in Ordinary Shares at any time before the first anniversary of Admission following which there will be a twelve month orderly market arrangement on terms that any sale of Ordinary Shares will only take place following consultation with the Nomad and with the consent of the Directors. This undertaking is more particularly set out in the Lock-in Agreement signed by all of the respective parties. Further details of the Lock-in Agreement are set out at paragraph 8.5.1 of Part VI of this Document.

At Admission, certain shareholders (the ‘Locked-in Shareholders’) will own 118,308,926 Ordinary Shares representing 7.19 per cent. of the Enlarged Share Capital. The Locked-in Shareholders have undertaken to the Company and Beaumount Cornish that they will not sell or dispose of, except in certain limited circumstances permitted under Rule 7 of the AIM Rules for Companies, any of their respective interests in Ordinary Shares at any time before 1 January 2011. This undertaking is more particularly set out in the lock-in agreement signed by all of the respective Locked-in Shareholders. Further details of the lock-in agreement are set out at paragraph 8.5.2 of Part VI of this Document. 16.7% of the issued share capital is not in public hands.