AIM Rule 26

The following information is disclosed in accordance with Rule 26 of the AIM Rules (last updated 11 January 2016):

Description of the business and investing policy

Please click on the links below for a description of the business and investing policy.

Profile

Investing Policy

The names of the directors and biographical details

Please click on the link below for the names of the directors and brief biographical details of each.

Directors

Directors’ responsibilities and board committees

Please click on the link below for details on the Directors' responsibilities.

Governance

Corporate governance

As a Guernsey incorporated company and under the AIM Rules for Companies, the Company is not required to comply with the UK Corporate Governance Code published by the Financial Reporting Council. However, the Directors place a high degree of importance on ensuring that high standards of Corporate Governance are maintained and that the Company complies with the Finance Sector Code on Corporate Governance, issued by the Guernsey Financial Services Commission.

Country of incorporation and main country of operation

The Company is a closed-ended investment company domiciled and incorporated as a limited liability company in Guernsey with company number 44403. As the Company is not incorporated in the UK, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company. The Company’s main country of operation is Guernsey.

Please click on the link below for the Memorandum and the Articles of Association.

Corporate Documents

Details of any other exchanges or trading platforms

The Company is not listed on any other exchanges or trading platforms.

Number of securities in issue

Please click on the link below for details of the number of securities in issue, the number of securities held as treasury shares and, insofar as the Company is aware, the percentage of securities that is not in public hands together with the identity and percentage holdings of significant shareholders.

Share Information

Details of any restrictions on the transfer of securities

There are no restrictions on the transfer of securities.

Takeover Code

The Company is subject to the UK City Code on Takeovers and Mergers.

At the Annual General Meeting on 12 November 2014, a waiver of obligation to make mandatory offer under Rule 9 of the Takeover Code was passed.

Financial information

Please click on the link below for access to the Company's annual and interim reports.

Financial Reports

Company announcements

Please click on the link below to access notifications made by the Company in the past 12 months.

News

Admission documents and circulars

Please click on the appropriate links below to access:

Notice of Meeting of Shareholders dated 3 November 2015

Notice of Meeting of Shareholders

Notice of Meeting of Shareholders dated 13 July 2015

Notice of Meeting of Shareholders

Notice of Annual General Meeting of Shareholders dated 23 June 2015

AGM Notice

Notice to Warrant Holders dated 23 April 2015

Notice to Warrant Holders

Admission Document dated 9 March 2006

AIM Admission Document

Advisers

Please click on the link below for details of the Company's nominated adviser and other key advisers.

Advisers

ISIN and SEDOL

The ISIN number of Ordinary Shares is GB00B0XF7K04. The SEDOL code of the Ordinary Shares is B0XF7K0.