Ann: Appendix 4C - quarterly, page-12

Have had more time to look at your figures fumoy , I like your research up to this date , the limited knowledge of my research on the company some of it I have printed in the passed, is that there are approx 989 million share in the company of which approx 698 million are held by urban group these are in turn held in escrow till June 2017 I think ( interesting to look up how the term escrow was formed it is in fact to stop some companies screwing the market not that I think it has helped ) that leaves a balance of 291 million to be traded of that the top 20 share holders did hold 197 million leaving the smaller share holders with approx 94 million but the bottom line is that if the next lot of figures are better, then I would be putting a figure of 15 t0 20 cents a share even in a bad market