Ann: Suspension from Official Quotation, page-96

Watchstone Group [Investor Relations]

This £39.6m valuation was reached by one of our professional service advisers. While we won’t be disclosing the mechanics on how this figure was reached we are indeed given comfort from S&G’s recent announcement that they expect 40-50% of these cases to settle and that a "substantial number can and will be resolved during the 2016 financial year” (recall they have a June year end).