Ann: Final Director's Interest Notice, page-3

Considering the company policy one expects a bit of buying from him in the next 12 months, but yes very poor form.

Director Minimum Shareholding RequirementA Minimum Shareholding Requirement (Director MSR) Policy applies to all directors. The purpose of this Director MSR Policyis to strengthen the alignment between the interests of directors and the interests of shareholders and encourage a focuson building long-term shareholder value. Under this policy, directors are required to acquire and hold, for the duration of theirtenure on the Board, a minimum shareholding equivalent in value (at the time of purchase) to 100% of their fixed annual directorfees (including committee fees) before any tax or social security deductions. Directors are expected to achieve the Director MSRwithin three years of becoming a director.