Deadlines for exercising voting rights and appointing a proxy or proxies to vote on resolutions to be passed at AGMs are specified in the Notice of AGM. Every ordinary shareholder present in person at a general meeting of the Company shall on a show of hands have one vote and, on a poll, every shareholder present in person at a general meeting or by Proxy, shall have one vote for every share of which they are the holder, and if the holders of the preference shares have the right to vote on any resolution, one vote for every preference share of which he is the holder.

The holders of the preference shares shall have no right as such to receive notice of or attend or vote at any general meeting of the Company unless either (i) at the date of the notice convening the meeting the dividend payable on such shares or a part thereof is six months or more in arrears; or (ii) the business of the meeting includes the consideration of a resolution for reducing the capital of or winding up the company or for altering the objects of the Company as stated in its Articles or for the sale of the undertaking of the Company or any substantial part thereof or any resolution altering or abrogating any of the special rights or privileges attached to the preference shares. In which circumstances the holders of the preference shares shall have the right to vote on any such resolution.

There are no limitations on the voting rights of shareholders of a given percentage or number of votes. The Company is not aware of any arrangement by which with the Company’s co-operation, financial rights carried by shares are held by a person other than the holder of such ordinary shares and 9% cumulative preference shares. The Company is not aware of any agreement between holders of securities which may result in restrictions on the transfer of securities or on voting rights.