Ann: Change in substantial holding, page-31

I think many here are making too much of Bill’s selling. It won’t effect our chances of success or failure. Bill is not involved in RAC anymore and is financially very exposed to the fortunes of a single speculative company as a RAC investor. I certainly hope no other non-insiders are as exposed to RAC’s fortunes as Bill is - if you are then go and get advice from a licensed financial advisor ASAP.

If you wanted to look at Bill’s selling from a positive perspective he has allowed people to acquire shares at a lower cost than they would have been able to otherwise.