andrew doyle and luxinvest

The Company notes that it announced on 2 April 2012 that it had entered into a subscription agreement with Luxinvest pursuant to which Luxinvest agreed to subscribe for 4,375,000,000 Shares at an issue price of $0.0008 per Share (the Initial Luxinvest Subscription Agreement). Those Shares were issued to four individuals (being Andrew Doyle, Dirk Vermeersche, Eduoard de Burlet and Anup Jain in differing proportions and on various dates) pursuant to Luxinvest’s right under the Initial Luxinvest Subscription Agreement to nominate subscribers for those Shares in place of Luxinvest. Luxinvest has informed the Company that none of those subscribers are associates of Luxinvest and the Company has no reason to believe such subscribes are associates of Luxinvest or any other Shareholder.