Issued Share Capital

As at 30 November 2025, the total number of voting rights in the Company is 56,534,848, comprising:

55,490,360 ordinary number of shares of 0.0001 pence each
684,006 2016 realisation shares of 0.0001 pence each‡
360,482 2021 realisation shares of 0.0001 pence each*

There are 30,970,984 exchange shares of 0.0001 pence each in existence following the utilisation of the exchange procedure of the Company and Master Fund in executing tender offers. The exchange shares carry no voting rights.

‡ The 2016 realisation shares were created on 30 November 2016.
* The 2021 realisation shares were created on 30 November 2021.

Significant Shareholdings

As at 30 November, reflecting any TR-1 notifications received or PDMR announcements made subsequently to date, the Company was aware of the shareholders holding more than 3 percent of the total voting rights of the Company:

Shareholder Ordinary shares % held



MARWYN MANAGEMENT AND EMPLOYEES
of which, individual holdings above 3%:		 7,841,601 13.87%
James Corsellis* 6,933,872 12.26%
other shareholders holdings less than 3% individually 907,729 1.61%
First Equity Limited 8,470,000 14.98%
Cenkos CI Limited 7,806,885
 13.81%
Pula Investments Limited 4,500,000 7.96%
Barclays Funds Investments Limited 3,409,090 6.03%
Philip J Milton & Company Plc 3,028,440 5.36%
Octopus Investments Limited 2,340,000 4.14%
Premier Fund Managers Limited 2,137,246 3.78%
Charles Stanley & Co 2,099,644 3.71%
Oberon Investments Limited 1,711,457  3.03%