The big accumulation, page-14

1. As mentioned in Sections 3.3, 3.8(a), 6.4, and 6.8 of this Explanatory Statement, on
   implementation of the Scheme:
   1. (a) the New Directors will be appointed to the board of directors of the Scheme Company; and
   2. (b) the existing directors of the Scheme Company (being those directors of the Scheme Company immediately prior to implementation of the Scheme) will resign, with the exception of David Flanagan and Cheryl Edwardes.