Offer Update

LONDON--()--

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

9 July 2015

RECOMMENDED INCREASED CASH OFFER

for

INSPIRED CAPITAL PLC

by

BENTLEY PARK (UK) LIMITED

Recommended increased cash offer

Introduction

On 15 June 2015 Bentley Park (UK) Limited ("Bentley") announced its firm intention to make a cash offer for the entire issued and to be issued ordinary share capital of Inspired Capital plc ("Inspired Capital") not already owned, or agreed to be acquired, by Bentley at a price of 20 pence per Inspired Capital Share (the "Original Offer"), to be implemented by means of a takeover offer within the meaning of Part 28 of the Companies Act 2006. On 25 June 2015, Bentley published an offer document setting out the full terms and conditions of the Original Offer (the "Original Offer Document").

Recommended increased cash offer

The board of Bentley and the board of Inspired Capital are pleased to announce that they have reached agreement on the terms of a recommended increased cash offer to be made by Bentley for the entire issued and to be issued ordinary share capital of Inspired Capital not already owned, or agreed to be acquired, by Bentley (the "Increased Offer").

Under the terms of the Increased Offer, Inspired Capital Shareholders who accept the offer will receive 21.5 pence (the "Increased Offer Price") in cash for each Inspired Capital Share, valuing Inspired Capital's existing issued ordinary share capital at approximately £47.1 million.

The Increased Offer Price represents a premium of approximately:

  • 50.9 per cent. to the Closing Price per Inspired Capital Share of 14.25 pence on 21 May 2015 (being the last Business Day prior to the date on which Bentley first approached Inspired Capital about the Original Offer);
  • 35.4 per cent. to the Closing Price per Inspired Capital Share of 15.88 pence on 12 June 2015 (being the last Business Day prior to the commencement of the Offer Period); and
  • 37.0 per cent. to the average Closing Price per Inspired Capital Share of 15.69 pence for the six months ended on 12 June 2015 (being the last Business Day prior to the commencement of the Offer Period).

Save as set out in this announcement, the Increased Offer is subject to the same terms and conditions as the Original Offer set out in the Original Offer Document. The Increased Offer is a revision to the Original Offer and shall be construed accordingly.

In accordance with Rule 32.1 of the City Code, a revised offer document (the "Revised Offer Document") containing details of the Increased Offer will be published and posted to Inspired Capital Shareholders as soon as practicable. The Revised Offer Document will also be available on Bentley's website at www.bentleyparkltd.com and on Inspired Capital's website at www.inspiredcapitalplc.com.

Inspired Capital Shareholders who have previously validly accepted Bentley's Original Offer at 20 pence for each Inspired Capital Share (and have not withdrawn those acceptances) will automatically be deemed to have accepted the terms of the Increased Offer by virtue of their prior acceptances and therefore need take no further action.

Recommendation of the Increased Offer

The directors of Inspired Capital, who have been so advised by Altium Capital Limited, have given due consideration to numerous factors set out in the Original Offer Document and consider the terms of the Increased Offer to be fair and reasonable. In providing advice to the directors of Inspired Capital, Altium Capital Limited has taken into account the commercial assessments of the directors of Inspired Capital. Altium Capital Limited is providing independent financial advice to the directors of Inspired Capital for the purposes of Rule 3 of the City Code.

The board of Inspired Capital believes that the Increased Offer presents an opportunity for Inspired Capital Shareholders to realise a significant premium to the Closing Price per Inspired Capital Share of 15.88 pence on 12 June 2015 (being the last Business Day prior to the commencement of the Offer Period), as well as a significant premium to the average Closing Price per Inspired Capital Share of 15.69 pence for the six months ended on 12 June 2015 (being the last Business Day prior to the commencement of the Offer Period). In addition the Increased Offer also provides a 16.9 per cent. premium to the net asset value of 18.4 pence as per Inspired Capital's latest published annual accounts for the year ended 31 December 2014. Given the concentration of shareholdings amongst a small number of Inspired Capital Shareholders and relative lack of liquidity in Inspired Capital Shares, the directors of Inspired Capital believe that the Increased Offer presents an opportunity for Inspired Capital Shareholders to crystallise value for their shareholdings which may not be achieved in the short term if Inspired Capital was to remain independent and quoted on AIM.

Accordingly, the directors of Inspired Capital unanimously recommend that Inspired Capital Shareholders accept the Increased Offer, as they have irrevocably undertaken to do (or procure to be done) in respect of their own beneficial holdings of Inspired Capital Shares of, in aggregate, 6,671,810 Inspired Capital Shares, representing in aggregate approximately 3.05 per cent. of the existing issued ordinary share capital of Inspired Capital. Further details of these irrevocable undertakings are set out below and in Appendix II to this announcement.

Irrevocable undertakings and letter of intent

Bentley has received irrevocable undertakings to accept (or, where applicable, to procure acceptance of) the Increased Offer from all of the directors of Inspired Capital who hold Inspired Capital Shares in respect of their entire beneficial holdings of Inspired Capital Shares amounting to, in aggregate, 6,671,810 Inspired Capital Shares, representing in aggregate approximately 3.05 per cent. of the existing issued ordinary share capital of Inspired Capital.

Bentley has also received irrevocable undertakings to accept (or, where applicable, to procure acceptance of) the Increased Offer from Henderson Global Investors, Professor Mark Ferguson and Dr Sharon O'Kane in respect of, in aggregate, 78,069,165 Inspired Capital Shares, representing in aggregate approximately 35.64 per cent. of the existing issued ordinary share capital of Inspired Capital.

Bentley has also received a letter of intent to accept the Increased Offer from J.P.Morgan Asset Management in respect of 18,998,953 Inspired Capital Shares, representing approximately 8.67 per cent. of the existing issued ordinary share capital of Inspired Capital.

Accordingly, Bentley has received irrevocable undertakings to accept (or, where applicable, procure acceptance of) the Increased Offer and a letter of intent to accept the Increased Offer in respect of, in aggregate, 103,739,928 Inspired Capital Shares, representing in aggregate approximately 47.36 per cent. of the existing issued ordinary share capital of Inspired Capital.

Further details regarding all of the irrevocable undertakings received by Bentley (including details of the circumstances in which the irrevocable undertakings will cease to be binding) are set out in Appendix II to this announcement. The board of Inspired Capital has agreed to each of these irrevocable undertakings and the letter of intent received by Bentley for the purposes of Rule 5.2(c) of the City Code.

Financing of the Increased Offer

Bentley will finance the Increased Offer from the existing cash resources of the Bentley Group.

Dickson Minto W.S., as financial adviser to Bentley, is satisfied that sufficient cash resources are available to Bentley to satisfy the cash consideration payable to Inspired Capital Shareholders in the event of full acceptance of the Increased Offer.

Level of acceptances and the Share Exchange Agreement

As at 3.00 p.m. (London time) on 8 July 2015, Bentley had received valid acceptances of the Original Offer in respect of, in aggregate, 3,467,182 Inspired Capital Shares (representing in aggregate approximately 1.58 per cent. of the existing issued ordinary share capital of Inspired Capital), all of which may be counted towards satisfaction of the Acceptance Condition under the Increased Offer. No acceptances had been received from Inspired Capital Shareholders acting in concert with Bentley.

As previously disclosed, Bentley Park, the parent company of Bentley and acting in concert with Bentley, owns 37,521,909 Inspired Capital Shares, representing approximately 17.13 per cent. of the existing issued ordinary share capital of Inspired Capital and, pursuant to the Share Exchange Agreement, Bentley has agreed to acquire all of those Inspired Capital Shares immediately upon the Increased Offer becoming unconditional in all respects.

In addition, as disclosed above, Bentley has received irrevocable undertakings and a letter of intent from Inspired Capital Shareholders to accept or procure the acceptance of the Increased Offer in respect of, in aggregate, 103,739,928 Inspired Capital Shares, representing in aggregate approximately 47.36 per cent. of the existing issued ordinary share capital of Inspired Capital.

Accordingly, Bentley has either received valid acceptances of the Original Offer which it may count towards the satisfaction of the Acceptance Condition under the Increased Offer, agreed to acquire, or received irrevocable undertakings and a letter of intent in respect of, in aggregate, 144,729,019 Inspired Capital Shares, representing in aggregate approximately 66.07 per cent. of the existing issued ordinary share capital of Inspired Capital.

Extension of the Increased Offer

Bentley announces that the Increased Offer is being extended and will remain open for acceptance until 1.00 p.m. (London time) on the next closing date of the Increased Offer, which will be 14 days following the date on which the Revised Offer Document is published.

Any further extensions of the Increased Offer will be publicly announced no later than 8.00 a.m. (London time) on the Business Day following the date on which the Increased Offer was otherwise due to expire, or such later date or time as the Panel may agree.

Inspired Capital Shareholders who have not yet accepted the Original Offer and who wish to accept the Increased Offer are urged to do so as soon as possible and, in any event, by no later than 1.00 p.m. (London time) on the next closing date in accordance with the procedures for acceptance set out below and in the Revised Offer Document.

Acceptance procedures

To accept the Increased Offer in respect of certificated Inspired Capital Shares, the revised Form of Acceptance should be completed in accordance with the instructions printed on it, signed and returned together with your share certificate(s) or other documents of title as soon as possible and, in any event, so as to be received by Capita Asset Services, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU by not later than 1.00 p.m. (London time) on the date falling 14 days following the date of publication of the Revised Offer Document.

Acceptances in respect of uncertificated Inspired Capital Shares should be made through CREST so that the TTE Instruction settles by not later than 1.00 p.m. (London time) on the date falling 14 days following the date of publication of the Revised Offer Document. If you are a CREST sponsored member you should refer to your CREST sponsor as only your CREST sponsor will be able to send the necessary TTE Instruction to Euroclear.

Further details of the procedures for the acceptance of the Increased Offer will be set out in the Revised Offer Document (and, in the case of Inspired Capital Shareholders who hold their Inspired Capital Shares in certificated form, in the revised Form of Acceptance which will accompany the Revised Offer Document).

Inspired Capital Shareholders should carefully read the Revised Offer Document in its entirety before making a decision with respect to the Increased Offer.

If Inspired Capital Shareholders have any questions relating to the procedure for acceptance of the Increased Offer or the completion and return of the Form of Acceptance, they should call Capita Asset Services on 0371 664 0321 or if calling from outside the UK on +44 (0) 208 639 3399. Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. Capita Asset Services is open between 9.00 a.m. and 5.30 p.m., Monday to Friday excluding public holidays in England and Wales. Please note that Capita Asset Services cannot provide any financial, legal or tax advice and calls may be recorded and monitored for security and training purposes.

Terms and expressions used in this announcement shall, unless otherwise defined herein, have the same meanings as given to them in the Original Offer Document, a copy of which is available on Bentley's website at www.bentleyparkltd.com.

Enquiries:

Dickson Minto W.S.

Financial adviser to Bentley

Douglas Armstrong

Duncan Christison

Tel: +44(0) 20 7628 4455

Inspired Capital plc

Roger McDowell, Interim Chairman

Jeremy Coombes, Interim Chief Executive Officer

Tel: +44(0) 20 7653 9850 via Newgate

Altium Capital Limited

Rule 3 financial adviser to Inspired Capital

Phil Adams

Paul Lines

Adam Sivner

Tel: +44(0) 845 505 4343

Cenkos Securities

Nomad and broker to Inspired Capital

Max Hartley / Harry Pardoe (Corporate Finance)

Tel: +44(0) 20 7397 8900

Dickson Minto W.S., which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser exclusively for Bentley and for no-one else in connection with the matters referred to in this announcement and will not regard any other person as its client in relation to such matters and will not be responsible to anyone other than Bentley for providing the protections afforded to clients of Dickson Minto W.S., nor for providing advice in relation to any matter referred to in this announcement.

Altium Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as financial adviser exclusively for Inspired Capital and for no-one else in connection with the matters referred to in this announcement and will not regard any other person as its client in relation to such matters and will not be responsible to anyone other than Inspired Capital for providing the protections afforded to clients of Altium Capital Limited, nor for providing advice in relation to any matter referred to in this announcement.

IMPORTANT NOTES

This announcement is for information purposes only. It is not intended to and does not constitute, or form part of, an offer or invitation or the solicitation of any offer to sell or purchase any securities or the solicitation of any offer to otherwise acquire, subscribe for, sell or otherwise dispose of any security pursuant to the Increased Offer or otherwise. The Increased Offer is being made solely by means of the Original Offer Document, the Revised Offer Document and, in respect of Inspired Capital Shares held in certificated form, the revised Form of Acceptance, which contain the full terms and conditions of the Increased Offer, including details of how the Increased Offer may be accepted. Any decision in respect of, or other response to, the Increased Offer should be made only on the basis of the information contained in those documents.

This announcement does not constitute a prospectus or prospectus equivalent document.

Overseas jurisdictions

The release, publication or distribution of this announcement in, and the availability of the Increased Offer to persons who are residents, citizens or nationals of, jurisdictions other than the United Kingdom may be restricted by laws and/or regulations of those jurisdictions. Therefore any such persons should inform themselves about and observe any applicable requirements in their jurisdiction. Any failure to comply with the applicable requirements may constitute a violation of the laws and/or regulations of any such jurisdiction.

In particular, copies of this announcement and any formal documentation relating to the Increased Offer are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from any Restricted Jurisdiction and persons receiving such documents (including custodians, nominees and trustees) must not mail or otherwise forward, distribute or send them in or into or from any Restricted Jurisdiction. Unless otherwise permitted by applicable law and regulation, the Increased Offer may not be made, directly or indirectly, in or into, or by the use of mails or any means or instrumentality (including, but not limited to, facsimile, e-mail or other electronic transmission, telex or telephone) of interstate or foreign commerce of, or of any facility of a national, state or other securities exchange of, any Restricted Jurisdiction and the Increased Offer may not be capable of acceptance by any such use, means, instrumentality or facilities.

The receipt of cash pursuant to the Increased Offer by Inspired Capital Shareholders may be a taxable transaction under applicable national, state and local, as well as foreign and other, tax laws. Each Inspired Capital Shareholder is urged to consult their independent professional adviser regarding the tax consequences of accepting the Increased Offer.

This announcement has been prepared for the purpose of complying with English law and the City Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside of England and Wales.

Notice to US investors

The Increased Offer is being made for securities in an English company and Inspired Capital Shareholders in the United States should be aware that this announcement, the Original Offer Document, the Revised Offer Document and any other documents relating to the Increased Offer have been, or will be, prepared in accordance with the City Code and UK disclosure requirements, format and style, all of which differ from those in the United States. All financial information that has been or may be included in the Original Offer Document, the Revised Offer Document or any other documents relating to the Increased Offer, have been, or will be, prepared in accordance with International Financial Reporting Standards adopted by the European Union and therefore may not be comparable to financial statements of US companies or companies whose financial statements are prepared in accordance with US GAAP.

The Increased Offer, if required to be made, will be made in the United States pursuant to applicable exemptions under the US tender offer rules and securities laws and otherwise in accordance with the requirements of the City Code, the Panel and the London Stock Exchange. Accordingly, the Increased Offer will be subject to disclosure and other procedural requirements, including with respect to withdrawal rights, offer timetable, settlement procedures and timing of payments that are different from those applicable under US domestic tender offer procedures and law. In the United States, the Increased Offer will be made solely by Bentley and not by its financial adviser.

Both Inspired Capital and Bentley are companies incorporated under the laws of England and Wales. All of the assets of Inspired Capital and Bentley are located outside of the United States. As a result, it may not be possible for Inspired Capital Shareholders in the United States to effect service of process within the United States upon Inspired Capital or Bentley or their respective officers or directors or to enforce against any of them judgments of the United States predicated upon the civil liability provisions of the federal securities laws of the United States. It may not be possible to sue Inspired Capital or Bentley or their respective officers or directors in a non-US court for violations of the US securities laws. There is also substantial doubt as to enforceability in the United Kingdom in original actions, or in actions for the enforcement of judgments of US courts, based on the civil liability provisions of US federal securities laws.

Cautionary note regarding forward-looking statements

This announcement, including the information included in this announcement, contains certain forward-looking statements. These statements are based on the current expectations of Bentley and/or Inspired Capital (as the case may be) and are naturally subject to uncertainty and changes in circumstances. These forward-looking statements may include statements about the expected effects on Bentley and/or Inspired Capital of the Increased Offer, the expected timing and scope of the Increased Offer, strategic options and all other statements in this announcement other than historical or current facts. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "budget", "schedule", "forecast", "project", "goal", "believe", "hope", "aims", "continue", "will", "may", "should", "would", "could", "subject to", or other words of similar meaning. By their nature, forward-looking statements involve known and unknown risks and uncertainties, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results, outcomes and developments to differ materially from those expressed in or implied by such forward-looking statements and such statements are therefore qualified in their entirety by the risks and uncertainties surrounding these future expectations. Many of these risks and uncertainties relate to factors that are beyond the entities' ability to control or estimate precisely, such as, but not limited to, general business and market conditions both globally and locally, political, economic and regulatory forces, industry trends and competition, future exchange and interest rates, changes in government and regulation including in relation to health and safety, the environment, labour relations and tax rates and future business combinations or dispositions. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, neither Bentley nor Inspired Capital can give any assurance, representation or guarantee that such expectations will prove to have been correct and such forward-looking statements should be construed in light of such factors and you are therefore cautioned not to place reliance on these forward-looking statements which speak only as at the date of this announcement. Neither Bentley nor Inspired Capital assumes any obligation to update or correct the information contained in this announcement (whether as a result of new information, future events or otherwise), except as required by applicable law or regulation.

No profit forecasts or estimates

Nothing in this announcement is intended or shall be deemed to be a forecast, projection or estimate of the future financial performance of Bentley or Inspired Capital and no statement in this announcement should be interpreted to mean that earnings or earnings per share of those entities (where relevant) for the current or future financial periods would necessarily match or exceed the historical published earnings or earnings per share of those entities (where relevant).

Dealing and Opening Position Disclosure requirements

Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. 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) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1 per cent. or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and 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, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0) 20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Purchases outside the Increased Offer

Bentley or its nominees or brokers (acting as agents) may purchase Inspired Capital Shares otherwise than under the Increased Offer, such as in the open market or through privately negotiated purchases. Such purchases shall comply with the City Code, the AIM Rules and the rules of the London Stock Exchange.

Publication on website

A copy of this announcement and other documents in connection with the Increased Offer will, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, be available free of charge for inspection on Bentley's website at www.bentleyparkltd.com and on Inspired Capital's website at www.inspiredcapitalplc.com. The contents of those websites are not incorporated into, and do not form part of, this announcement.

Information relating to Inspired Capital Shareholders

Please be aware that addresses, electronic addresses and certain other information provided by Inspired Capital Shareholders, persons with information rights and other relevant persons for the receipt of communications from Inspired Capital may be provided to Bentley during the Offer Period as required under Section 4 of Appendix 4 of the City Code to comply with Rule 2.12(c) of the City Code.

APPENDIX I

BASES OF CALCULATION AND SOURCES OF INFORMATION

In this announcement, unless otherwise stated or the context otherwise requires, the bases of calculation and sources of information are used as described below.

1. References to the existing issued ordinary share capital of Inspired Capital and the existing issued Inspired Capital Shares are to the number of Inspired Capital Shares in issue outside treasury as at 9 July 2015 (as disclosed in Inspired Capital's announcement made on that date), which was 219,040,094 Inspired Capital Shares (and, for the avoidance of doubt, excludes the 44,951,780 Inspired Capital Shares held in treasury at that date).

2. Unless otherwise stated, all Closing Prices have been derived from the AIM Appendix to the London Stock Exchange Daily Official List.

3. Financial information relating to Inspired Capital referred to in this announcement has been extracted or derived (without any adjustment) from the audited annual report and accounts of Inspired Capital for the financial year ended 31 December 2014.

APPENDIX II

IRREVOCABLE UNDERTAKINGS

Director irrevocable undertakings

The following directors of Inspired Capital have given irrevocable undertakings to Bentley to accept (or procure acceptances of) the Increased Offer in respect of the following interests in Inspired Capital Shares:

Name   Number of Inspired Capital Shares   Per cent. of Inspired Capital's existing issued ordinary share capital   Number of Inspired Capital Shares under option or award
Roger McDowell 2,931,851 1.34 -
Jeremy Coombes 2,890,206 1.32 1,800,000
David Blain 735,003 0.34 1,642,802
Jamie Brooke 114,750 0.05 -
Total 6,671,810 3.05 3,442,802

Shareholder irrevocable undertakings

The following Inspired Capital Shareholders (in addition to the directors of Inspired Capital referred to above) have given irrevocable undertakings to Bentley to accept (or procure acceptances of) the Increased Offer in respect of the following interests in Inspired Capital Shares:

Name   Number of Inspired Capital Shares   Per cent. of Inspired Capital's existing issued ordinary share capital   Number of Inspired Capital Shares under option or award
Henderson Global Investors 58,162,172 26.55 -
Professor Mark Ferguson 12,432,476 5.68 -
Dr Sharon O'Kane 7,474,517 3.41 -
Total 78,069,165 35.64 -

The irrevocable undertakings given by the directors of Inspired Capital and the other Inspired Capital Shareholders listed above will, in each case, cease to be binding in the event that the Increased Offer lapses or is withdrawn.

Category Code: OUP
Sequence Number: 474093
Time of Receipt (offset from UTC): 20150709T141520+0100

Contacts

Bentley Park (UK) Limited

Contacts

Bentley Park (UK) Limited