Ann: Full Year Statutory Accounts, page-3

page 11

"The Consolidated Group demonstrated that the CETO installation and retrieval methodology is sound through the successful planned offshore retrieval of CETO 5 Unit #1 and its subsequent redeployment.

page 13

"Carnegie expects that its business model will capture value from a combination of ‘build-own-operate’ projects as well as from site development and supplying and licensing the CETO technology. As the technology developer, Carnegie may aim to capture additional value by utilising its inherent knowledge and know-how of CETO by offering operations and maintenance services at commercial rates to CETO wave projects globally."