Issued Share Capital

As at 30 September 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 September, 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%:		 7,831,601 13.85%
James Corsellis* 6,971,633 12.33%
other shareholders holdings less than 3% individually 859,968 1.52%
First Equity Limited 9,550,000 16.89%
Cenkos CI Limited 7,194,880
 12.73%
Pula Investments Limited 4,500,000 7.96%
Barclays Funds Investments Limited 3,409,090 6.03%
Philip J Milton & Company Plc 3,056,450 5.41%
Octopus Investments Limited 2,740,000 4.85%
Charles Stanley & Co 2,142,144 3.79%

*Amounts attributable to James Corsellis include shares held by Marwyn Capital Management Limited ("MCML"), a company owned by James Corsellis. Per the Company's RNS announcement on 20 October 2025, it is expected that 37,761 of the Ordinary Shares acquired by MCML will subsequently be acquired by Marwyn employees, following which, the aggregate holding of Ordinary Shares by James and MCML will be 6,933,872 shares, representing approximately 12.26% of the Company's voting rights.