Major Shareholders

Number of securities in issue
Share capital in issue: 7,877,459 Ordinary Shares of no par value

There are no shares held in treasury.

Securities not in public hands
Percentage of AIM Securities not in public hands: 27.46%

Details of any restrictions on the transfer of securities
There are no restrictions on any of the Company's AIM securities

As of 8 April 2016, shareholders with an interest greater than 3% are as follows:

Neil Johnson 910,000
11.55%
Artemis Investment Management plc 455,543
5.78%
Jim Ryan 400,000
5.08%
Nigel Birrell 400,000
5.08%
Richard Lockwood 383,550
4.87%
Justin Cochrane  315,000 4.00%
Arlington Group Asset Management Limited 295,000
3.74%
APAC Resources Limited
260,911  3.31% 
Malcolm Burne
260,116
3.30%
Ravenscroft Ltd 250,000
3.17%

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