In accordance with AIM Rule 26, as stipulated by the London Stock Exchange, all AIM-quoted companies are required to disclose certain information on their corporate website. This information is being disclosed for the purposes of Rule 26.

According to the Company's Articles of Association, any member may transfer all or any portion of his/her shares by submitting to the Company a written instrument of transfer in any customary form or in any other form satisfactory to the Board, together with share certificate(s) or such other evidence of title as the Board may reasonably require. The Board has absolute discretion to refuse to register a transfer of any shares which is not fully paid up or upon which the Company has lien, without giving a reason, however, the Board is required to provide a notice of such refusal within two months after the date on which the transfer was lodged. Such discretion of the Board may not be exercised to prevent dealings in such shares taking place on an open and proper basis.