Restructure Proposals

The Core Business
                            ("Core" or the "Company")

             Details of CVA Proposal and Future Investment Strategy


26 February 2010

In  September  2009 the Directors requested the suspension of  dealings  in  the
Existing  Ordinary  Shares on AIM when the Directors became aware  that  trading
levels  had decreased to a significant extent, as a result of which the  Group's
liabilities exceeded its assets.

Proposals

The  Board has considered the position of the Company and of the Creditors  and
Shareholders.

The  Board has been approached by Alfred Henry Corporate Finance, together with
Trafalgar,  the Company's largest secured creditor, with proposals under  which
the  Company  is  to  be used as an investing company quoted  on  AIM  and  the
Creditors are to be offered New Ordinary Shares in satisfaction of amounts owed
to  them  by  the Company in order to eliminate the Company's indebtedness  and
liabilities  and provide it with the requisite solvency to conduct  a  CVA,  to
seek  a  return  to trading on AIM and to fund the associated  working  capital
requirements.  The objective would be to enable Creditors and  Shareholders  to
recover some value by holding shares in an AIM quoted investing company.

Under  the CVA, the Creditors will, in aggregate, be offered a total of 126,741
New  Ordinary  Shares, which will be divided among Creditors who make  a  claim
within  three  months of the date of the CVA being approved. The  New  Ordinary
Shares to be held by Creditors will represent approximately 15 per cent of  the
Enlarged Ordinary Share Capital of the Company.

The  Board  believes that the restructuring of the capital of the  Company  (as
described  below),  combined with the implementation  of  the  Proposals  would
enable the Company to be re-admitted to AIM with the prospect of being able  to
realise value for Creditors and Shareholders as a result.

By  implementing  the Proposals, there is a prospect that the Ordinary  Shares,
once  returned  to  trading on AIM, may achieve a value that  could  provide  a
better return than would otherwise be available to Creditors and Shareholders.

Subscription for New Ordinary Shares

The  Company has entered into an agreement with the New Investors under  which,
subject to implementation of the Proposals, 225,471 New Ordinary Shares will be
issued to the New Investors at 0.1p per share for a total subscription price of
£18,353.29. Trafalgar will hold 90,068 and Germinston will hold 135,403 of  the
New  Ordinary  Shares issued to the New Investors.   This,  together  with  the
Convertible  Notes,  will in the view of the Directors and  Proposed  Directors
provide  the  Company  with  sufficient funding to  meet  its  working  capital
obligations for the next 12 months.

The  Company  will,  conditional on the implementation of the  proposals  issue
21,123  New Ordinary Shares to the Nominee at an issue price of 0.1  pence  per
share.

The  Company  will, conditional on the implementation of the  Proposals,  issue
18,636  New  Ordinary Shares to Blomfield at an issue price of  0.1  pence  per
share.   Blomfield will remain as the Company's Nominated Adviser and RHH  will
be  appointed as the Company's Broker conditional on the implementation of  the
Proposals.   SVS Securities plc, the Company's current broker have  been  given
notice, and will cease to act for the Company with effect from 18 June 2010.

The  Company  will,  conditional on the implementation of the  proposals  issue
18,636 New Ordinary Shares to Hamlins at an issue price of 0.1 pence per share.

Convertible Notes

Subject  to the implementation of the Proposals, Germiston has agreed  that  it
will  subscribe £40,514.50 for Convertible Notes and Trafalgar has agreed  that
it  will subscribe £41,132.21 for Convertible Notes. The Convertible Notes  are
to  be  interest  free,  unsecured  and repayable  on  31  December  2015.    A
redemption premium of 20 per cent of the principal amount is to be paid by  the
Company on any balance of the Convertible Notes not converted into New Ordinary
Shares within two years of the issue of the Convertible Notes.  The noteholders
will  have  the  right  to convert any amount of the principal  amount  of  the
Convertible  Notes at any time within two years from the date of issue  of  the
Convertible  Notes into New Ordinary Shares at the exercise price of  20  pence
per  share.  The  New  Ordinary  Shares to  be  issued  on  conversion  of  the
Convertible  Notes  (assuming  full conversion) would  amount  to  408,234  New
Ordinary  Shares representing approximately 9.92 per cent of the Fully  Diluted
Share  Capital of the Company, as increased by the issue of such  New  Ordinary
Shares. The Convertible Notes are freely transferable and may be transferred to
new  noteholders  who  will  then be able to' exercise  the  conversion  rights
attaching to the Convertible Notes.

New Warrants

The  Company has granted to Germiston, conditional on the implementation of the
Proposals,  warrants  to  subscribe for 2,100,000 New  Ordinary  Shares.  These
warrants  carry the right to subscribe for New Ordinary Shares at  an  exercise
price  of 0.1p for each New Ordinary Share exercisable at any time within  five
years.

The  Company has granted to Trafalgar, conditional on the implementation of the
Proposals,  warrants  to  subscribe  for 900,000  New  Ordinary  Shares.  These
warrants  carry the right to subscribe for New Ordinary Shares at  an  exercise
price  of 0.1p for each New Ordinary Share exercisable at any time within  five
years.

The  Company  has granted to the Nominee, conditional on the implementation  of
the  Proposals,  warrants to subscribe for 126,741 New Ordinary  Shares.  These
warrants  carry the right to subscribe for New Ordinary Shares at  an  exercise
price  of 0.1p for each New Ordinary Share exercisable at any time within  five
years.

The  Company  has  granted  to RHH, conditional on the  implementation  of  the
Proposals, warrants to subscribe for 56,478 New Ordinary Shares. These warrants
carry  the right to subscribe for New Ordinary Shares at an exercise  price  of
0.1p for each New Ordinary Share exercisable at any time within five years.

The  Company has granted to Hamlins, conditional on the implementation  of  the
Proposals, warrants to subscribe for 56,478 New Ordinary Shares. These warrants
carry  the right to subscribe for New Ordinary Shares at an exercise  price  of
0.1p for each New Ordinary Share exercisable at any time within five years.

The Takeover Code

The  Takeover  Code is issued and administered by the Panel  on  Takeovers  and
Mergers.  The  Takeover Code applies to all takeovers and merger  transactions,
however  effected, where the offeree company is, inter alia, a  public  company
with its registered office in the UK and whose place of central management  and
control  is  in the UK. The Company is such a company and its shareholders  are
entitled to the protections afforded by the Takeover Code.

Under  Rule 9, when any person, or group of persons acting in concert, acquires
an  interest in shares which, when taken together with shares in which  he,  or
persons  acting in concert with him, are interested, carry 30% or more  of  the
voting  rights of a company which is subject to the Takeover Code, that  person
is normally required to make a general offer in cash to all shareholders at the
highest price paid by him, or any person acting in concert with him, within the
12 months preceding the date of the announcement of the offer.

If Germiston were to exercise the conversion rights attached to the Convertible
Notes  held  by  it, and as a result cause its holding of New  Ordinary  Shares
(together  with the New Ordinary Shares held by any persons acting  in  concert
with  Germiston) to reach 30 per cent or more of all of the issued New Ordinary
Shares  the  requirements of Rule 9 of the Takeover Code ("Rule  9")  would  be
invoked  and Germiston would be required to make a mandatory offer for  all  of
the remaining New Ordinary Shares in issue.  It is envisaged that Germiston  is
unlikely  to  exercise the conversion rights attaching to the Convertible  Loan
Notes  held by it if as a result it will be required to make a mandatory  offer
under Rule 9. Germiston is able to transfer all or part of the Convertible Loan
Notes  held by it to other persons who are not acting in concert with Germiston
and  those  persons  may convert the Convertible Loan Notes  required  by  them
without invoking Rule 9 if, as is likely, the Company were to issue further New
Ordinary Shares.

If Trafalgar were to exercise the conversion rights attached to the Convertible
Notes  held  by  it, and as a result cause its holding of New  Ordinary  Shares
(together  with the New Ordinary Shares held by any persons acting  in  concert
with  Trafalgar) to reach 30 per cent or more of all of the issued New Ordinary
Shares  the  requirements of Rule 9 of the Takeover Code ("Rule  9")  would  be
invoked  and Trafalgar would be required to make a mandatory offer for  all  of
the remaining New Ordinary Shares in issue.  It is envisaged that Trafalgar  is
unlikely  to  exercise the conversion rights attaching to the Convertible  Loan
Notes  held by it if as a result it will be required to make a mandatory  offer
under Rule 9. Trafalgar is able to transfer all or part of the Convertible Loan
Notes  held by it to other persons who are not acting in concert with Trafalgar
and  those  persons  may convert the Convertible Loan Notes  required  by  them
without invoking Rule 9 if, as is likely, the Company were to issue further New
Ordinary Shares.

Business strategy of the Company following the Proposals

Assuming the Proposals are implemented, the strategy of the Proposed Directors
will be to seek suitable acquisition opportunities in the natural resources
sector on a worldwide basis.  Your Board believes that the Proposed Directors
have relevant experience in identifying and conducting such acquisitions. The
Proposed Directors believe that their broad collective experience in the
proposed sector, in acquisitions, accounting, corporate and financial
management together with their wide industry contacts will enable the Company
to achieve its objectives.

The primary objective of the Company will be to invest its funds in securities
and in business and assets that meet the policies summarised within the
investing policy insofar as they concern asset allocation and risk
diversification.  In order to allow shareholders to make an assessment of the
investing policy, the principal features are summarised in this document.

·    The  Directors  may choose to modify or amend the investing policy,  either
     generally or in relation to any particular investment, but may not do so in a
     manner that would materially change the overall objective and risk profile of
     the existing investing policy.

·    The  funds  of  the  Company for the time being, including  any  additional
     funding raised by the Company will be invested by means of the acquisition of
     shares and other equity investment instruments or debt securities of the Company
     and other corporate entities or directly by acquiring assets, licences or other
     rights.

·    The   Proposed  Directors  will  adopt  a  strategy  of  seeking   suitable
     acquisition and investment opportunities by means of their connections and their
     expertise in identifying and conducting such acquisitions.  They may also engage
     advisers and intermediaries to source suitable opportunities.  The Proposed
     Directors have experience in the conduct of comparable business and the Company
     is considered to have sufficient available working capital to conduct the due
     diligence and other preparatory work needed to conduct transactions of this
     kind.

·    Investment  and  acquisitions carried out by  the  Company  are  likely  to
     involve the acquisition of substantial interests in the business and assets that
     are  to  be acquired, combined with the introduction of new directors  with
     executive responsibility for the management of those businesses and assets.
     Investments of this kind are likely to be held in the long term with a view to
     development and capital growth.

·    It is likely that the Company will make a single substantial acquisition or
     a series of acquisitions of businesses and assets that are to be combined within
     a single grouping.  It is not contemplated that maximum exposure limits would be
     applied within the investing policy.

·    In making acquisitions and investments, the Proposed Directors would expect
     to offer the issue of shares in the Company in exchange for the acquisition of
     shares, businesses and assets, but would need to satisfy any requirement for
     cash  consideration  or future funding of the resulting  group  by  raising
     additional  funding by means of placing of shares in the  Company  and,  if
     required, by issuing debt securities or incurring borrowings.

·    The  nature  and extent of any borrowings would correspond to the  security
     provided by the shares, businesses or assets to be acquired.

·    The  Company  would  consider cross holdings of  shares  and  other  equity
     securities in circumstances that would benefit the broader strategy of  the
     investing policy.

·    The Company would not contemplate investments or acquisitions that carry  a
     high  degree  of contingent risk or liability that is capable  of  imposing
     financial obligations upon the Company that it could not reasonably expect to
     meet.  The Company would also not entertain investments or acquisitions that
     would  cause  the Company to cease to be admitted to AIM or listed  on  any
     comparable securities exchange.

The Proposed Directors intend to be involved and active.  Accordingly, the
Company is likely to seek participation in the management of the board of
directors of a company in which the Company invests with a view to improving its
performance and use of its assets in such ways as should result in an increase
in the value of such a company.  The Proposed Directors hope that the resulting
benefit would provide a satisfactory return to the Shareholders.

In the event no substantial acquisition is made within 12 months of the date on
which the Company's former trading subsidiary, Amirose International Limited,
was placed into liquidation, namely 25 January 2010, in accordance with the AIM
Rules for Companies, trading in the New Ordinary Shares will be suspended and if
no reverse transaction is achieved in the following six months, cancelled.

Directors

Stirling  Murray, Matthew Cooper and Melissa Gilmour are to resign from  office
immediately following the AGM. It is proposed that Leo Knifton and Nigel Weller
are  to be appointed as new directors of the Company and resolutions to appoint
each of them as directors are to be passed at the AGM.

Each of the Directors who are to resign has agreed that they will have no claim
for compensation or otherwise against the Company.

Leo Ernest Vaughan Knifton, Non-Executive Director (Age: 56)

Leo  started his career in the City in 1970 as a Stock Jobber and Market  Maker
with Pinchin Denny. He became a Member of the London Stock Exchange in 1982 and
is  a  Fellow of the Securities Institute. In 1990 he formed Fort Knox Property
Services and later Proshore Financial Services Limited, developing the Proshore
business  into  a  significant  provider of  mortgages  and  related  financial
products.  Leo  became  an Appointed Representative of Alfred  Henry  Corporate
Finance Limited in 2003 to develop a broad range of services to smaller  listed
businesses specialising in restructuring and reverse acquisitions.

William Nigel Valentine Weller (Age: 61)

Nigel  Weller began his City career in 1967, gaining a broad range of experience
in  stockbroking and investment. He has held senior positions in Bisgood Bishop,
Morgan  Stanley  and  James  Capel and was a founder  shareholder  and  managing
director  of  a brokerage, Javelin Securities. He is a member of the  Securities
Institute  and the Institute of Directors. He is an appointed representative  of
Alfred  Henry  Corporate Finance Limited and a director of  Alltrue  Investments
Plc, which is traded on AIM. He has been instrumental in conducting a number  of
transactions in which companies have been readmitted to AIM by means of  a  CVA,
and have subsequently made acquisitions of substantive businesses.

The  Proposed  Directors have specific experience of the sectors in  which  the
Company is proposing to seek acquisitions. They also have experience of  making
acquisitions and they will use this experience to identify appropriate targets,
carry  out due diligence and negotiate acquisitions. They will be able to  call
on  independent  expertise  in those sectors. They  will  not  be  drawing  any
remuneration until the Company makes an acquisition.

In  addition  to  their  proposed directorships of  the  Company,  the  Proposed
Directors hold or have held the following directorships or have been partners in
the  following  partnerships within the five years prior to  the  date  of  this
letter.

Leo Ernest Vaughan Knifton, Non-Executive Director (Age: 56)


Current Directorships:           Previous Directorships:
Adeste Investments Limited       Adeste Management Services Plc
Alltrue Investments Plc          Allura Plc
Aspartus Plc                     Caplay Plc
Award International Holdings Plc Coms Plc
Beaufort Nominees Limited        Debts Plc
Corealm Limited                  lcan Nano Limited
First Carbon Holdings Limited    I-can Nano Europe Limited
Fort Knox Property Services      Information Exchanqe Limited
Limited
Hanseatic & Baltic Properties    LP Hill Plc
Plc
Invest Easy Limited              Kudos Aviation Limited
Laurence Limited                 Nostra Terra Oil and Gas Company
                                 Plc
Ovidia Investments Plc           Specs and Lenses Limited
PNC Telecom Plc                  Timestrip Plc
Resurge Limited
S4T Plc
SBS Group Plc
Scatho Limited
Sim Travel Limited
Tricor Plc
Wellchalk Limited

William Nigel Valentine Weller (Age: 61)


Current Directorships:           Previous Directorships:
Alltrue Investments Plc          Bezant Resources Plc
Aspartus Plc                     Fort Knox Property Services
                                 Limited
Beaufort Nominees Limited        Kleenair Systems International
                                 Plc
ChalkweIl lnvestments Limited    Timestrip Plc
Corealm Limited
Falcon Securities Holdings
Limited
Falcon Securities (UK) Limited
Hanseatic & Baltic Properties
Plc
Ican Nano Limited
I-Can Nano Europe Limited
Invest Easy Limited
Laurence Limited
LP Hill Plc
Montague Pitman Stockbrokers
Limited
NP Nominees Limited
NWD Nominees Limited
Oakgate Limited
SBS Group Limited
SIM Travel Limited
Scatho Limited
Wellchalk Limited

Montague   Pitman  Stockbrokers  Limited  ("MPS")  and  its  subsidiary   Falcon
Securities UK Limited ("Falcon UK") were both placed into administration  on  27
January  2010.   William Antony Batty and Stephen John Evans of Antony  Batty  &
Company LLP have been appointed as administrators of both companies.

MPS  and Falcon UK are both stock broking businesses, regulated by the Financial
Services Authority, which have traded successfully for a number of years.  As  a
result  of the recent difficult trading conditions, to avoid the possibility  of
unlawful  trading  the  directors  of  MPS  have  decided  to  place  MPS   into
administration  and  as  a  consequence Falcon UK  has  also  been  placed  into
administration

There  is  no  further information required to be disclosed in  accordance  with
Schedule 2(g) to the AIM Rules for Companies.

Capital Re-organisation

It  is  proposed  that, as a first step each of the 253,482,454 issued  Existing
Ordinary Shares are to be sub-divided into 1,267,412,270 New Ordinary shares  of
£0.001 each.

Each  29,999  New Ordinary Shares are then to be consolidated into one  deferred
share  of  £29.999 credited as fully paid up, leaving 42,247 issued New Ordinary
Shares.

The  Deferred Shares shall have the special rights, and shall be subject to the
restrictions, set out in the New Articles of Association which, it is proposed,
will  be  adopted pursuant to the Resolutions. The Deferred Shares  will  carry
negligible value and will not be admitted to trading.

The Resolutions to carry out the proposed Capital Re-organisation are to be put
to  Shareholders at the Annual General Meeting convened by the enclosed Notice.
If the Proposals are not approved by Shareholders it is likely that the Company
will  be  subject to insolvent liquidation as there are insufficient assets  to
repay  the  Creditors. In this situation it is likely that  there  will  be  no
returns to Shareholders.

Following the Capital Re-organisation share certificates in respect of Existing
Ordinary  Shares  will  no  longer be valid. New  Share  Certificates  for  New
Ordinary   Shares   will  be  issued  following  the  Capital   Re-organisation
representing the New Ordinary Shares or in the case of uncertificated  holders,
Euroclear  UK  and  Ireland  Limited will be instructed  to  credit  the  CREST
participant's account with New Ordinary Shares.  No Certificates will be issued
in respect of the Deferred Shares. No fractional payments will be made.

In  respect  of  the  Existing  Warrants,  as  a  result  of  the  Capital  Re-
organisation, the Existing Warrants will entitle the holder to acquire one  New
Ordinary  Share  on  exercise  of their subscription  rights  for  every  6,000
Existing  Ordinary  Shares  that  would  be  acquired  on  exercise  of   their
subscription  rights  prior  to  completion  of  the  Capital  Re-organisation.
Further,  the  applicable  exercise price of the Existing  Warrants  after  the
Capital Re-organisation will be equal to the exercise price applicable prior to
the Capital Re-organisation multiplied by 6000.

Adoption of New Articles of Association and Change of Name

It  is  proposed  that New Articles of Association are adopted to  replace  the
Existing  Articles  of Association in order to reflect the  provisions  of  the
Companies Act 2006 and the Capital Re-organisation.

It  is  further  proposed that the name of the Company is  to  be  changed  to
Chalkwell Investments Plc.

Annual General Meeting

The  Annual  General Meeting of the Company is to be held on 23 March  2010  at
which  the  Resolutions will be proposed to approve the  CVA,  to  appoint  the
Proposed  Directors, to restructure the share capital, to  give  the  directors
authority  to  issue  the New Ordinary Shares, to adopt  the  New  Articles  of
Association and to change the name of the Company. An application will be  made
for  the  shares  to  resume trading on AIM subject  to  the  approval  of  the
Resolutions.

The Resolutions that are to be proposed at the AGM can be summarised as
follows:

     Resolution 1 - To receive and adopt the Report and Accounts for  the  year
     ended 31 May 2009

     This resolution is to be proposed at the AGM as an ordinary resolution  to
     receive the report and accounts of the Company for the year ended  31  May
     2009 and the report of the auditors thereon.

     Resolution 2 - To reappoint auditors

     This resolution is to be proposed at the AGM as an ordinary resolution  to
     re-appoint  Jeffreys Henry LLP as auditors of the Company to  hold  office
     until the conclusion of the next annual general meeting of the Company  at
     which accounts are laid before the Company and authorise the directors  to
     determine Jeffreys Henry LLP's remuneration as auditors.

     Resolution 3 - To approve the CVA

     This resolution is to be proposed at the AGM as an ordinary resolution for
     the Shareholders to approve the CVA.

     Resolution 4 - To approve the Company's Business Strategy

     This resolution is to be proposed at the AGM as an ordinary resolution  for
     the Shareholders to approve the Company's Business Strategy.

     Resolution 5 - To appoint Leo Knifton as a Director
     This resolution is to be proposed at the AGM as an ordinary resolution to
     appoint Mr Knifton as a Director.

     Resolution 6 - To appoint Nigel Weller as a Director

     This resolution is to be proposed at the AGM as an ordinary resolution  to
     appoint Mr Weller as a Director.

     Resolution 7 - To approve the Capital Re-organisation

     This resolution to be proposed at the AGM is an ordinary resolution to:

     ·    sub-divide each of the issued ordinary shares of £0.005 each into 5 New
       Ordinary Shares of £0.001 each.

     ·    consolidate each 29,999 of the New Ordinary Shares in the capital of the
       Company into one Deferred Share of £29.999. Accordingly, as a result, for each
       6000 Ordinary Shares of £0.005 held at present, you will hold one New Ordinary
       Share of £0.001 and one Deferred Share of £29.999, but the Deferred Shares will
       have negligible value;
     Resolution 8 - To authorise the Directors pursuant to section 551  of  the
     Companies Act 2006 to allot relevant securities

     With  regard  to Resolution 8, the Companies Act 2006 requires  that  the
     authority of the Directors to allot relevant securities should be subject
     to the approval of Shareholders in general meeting or to an authority set
     out in the Company's Articles of Association.

     Resolution  8  will be proposed at the AGM as an ordinary  resolution  to
     authorise  the Directors to allot unissued shares of the Company  to  the
     New Investors, on conversion of the Convertible Notes, on exercise of the
     New  Warrants  and  otherwise  up to a total nominal  value  representing
     1,000,000,000  New  Ordinary Shares. This authority will  expire  on  the
     earlier  of  five  years after the passing of the resolution  or  at  the
     Company's next annual general meeting.

     Resolution 9 - To disapply the statutory pre-emption rights under section
     571 of the Companies Act 2006.

     The  Companies Act 2006 requires that any equity shares issued wholly for
     cash  must  be  offered to existing Shareholders in proportion  to  their
     existing  holdings unless otherwise approved by Shareholders  in  general
     meeting   or  accepted  under  the  Company's  articles  of  association.
     Accordingly, a special resolution (resolution 9) will be proposed at  the
     AGM  to  vary  the Directors' authority to allot equity shares  for  cash
     other than on a pro rata basis. This authority will expire on the earlier
     of  five  years  after the passing of the resolution or at the  Company's
     next annual general meeting.

     Resolution 10 - To adopt New Articles of Association

     We  are  asking  Shareholders to approve the adoption of New  Articles  of
     Association to replace the Existing Articles of Association and to reflect
     the  provisions of the Companies Act 2006 and the Capital Re-organisatlon.
     An explanation of the main changes to be introduced by the New Articles of
     Association is set out at the rear of this document.
     A  copy of the Existing Articles of Association and of the New Articles of
     Association  will  be available for inspection at the offices  of  Hamlins
     LLP,  Roxburghe House, 273/287 Regent Street, London W1B 2AD  between  the
     hours  of  10  a.  m. and 12 noon on any weekday (Saturdays,  Sundays  and
     public  holidays  excepted) up to and including the  date  of  the  Annual
     General Meeting).

     Resolution 11 - To change the name

     It  is proposed that the name of the Company is to be changed to 'Chalkwell
     Investments Plc'.


ENDS


For further information, please contact:

The Core Business PLC                        www.thecorebusiness.co.uk
Stirling Murray, Chief Executive                  020 8559 8244

Blomfield Corporate Finance Ltd (Nomad)
Nick Harriss/Emily Staples                        020 7444 0800

Antony Batty & Company LLP (CVA Nominee)
Antony Batty                                      020 7831 1234





                                   DEFINITIONS


The  following  definitions apply throughout this document unless  the  context
requires otherwise:



"AIM"                  AIM,  a  market  operated by  the  London
                       Stock Exchange plc;

"Annual General        the   Annual  General  Meeting   of   the
Meeting" or "AGM"      Company  convened for 11.00  a.m.  on  23
                       March  2010  to approve the  Resolutions,
                       or any adjournment of it;

"Blomfield"            Blomfield Corporate Finance Limited,  the
                       Nominated Adviser of the Company;

"Board"                the   directors  of  the  Company,  whose
or "Directors"         names  are  set  out on page  6  of  this
                       document;

"Business Strategy"    the investing strategy of the Company  as
                       set   out   in  this  document   in   the
                       paragraph  headed "Business  Strategy  of
                       the Company following the Proposals";

"Capital               the     proposed     sub-division     and
Re-organisation"       consolidation  of  the Existing  Ordinary
                       Shares  pursuant  to the  Resolutions  as
                       described in this document;

"Company"              The Core Business Plc;

"Convertible Notes"    the   £40,514.50  convertible   unsecured
                       loan  notes  2015 of the  Company  to  be
                       issued  to  Germiston and the  £41,132.21
                       convertible unsecured loan notes  of  the
                       Company  to  be  issued to  Trafalgar  as
                       described in this document;

"Creditors"            existing   creditors  of   the   Company,
                       including   those  creditors   of   other
                       members  of  the  Group that  are  to  be
                       treated   as  creditors  of  the  Company
                       under the terms of the CVA;

"CVA"                  the     proposed    company     voluntary
                       arrangement  of  the Company  as  further
                       described in this document;

"Deferred Shares"      the  deferred shares of £29.999  each  in
                       the  capital of the Company to be created
                       as part of the Capital Re-organisation;

"Enlarged Ordinary     the  issued ordinary share capital of the
Share Capital"         Company  consisting of the  New  Ordinary
                       Shares in issue following the Capital Re-
                       organisation, the New Ordinary Shares  to
                       be  issued to Creditors under the CVA and
                       the  New Ordinary Shares to be issued  to
                       the  New Investors and to Blomfield,  the
                       Nominee and Hamlins as described in  this
                       document;

"Existing Articles of  the   articles  of  association  of   the
Association"           Company in force at the date hereof;

"Existing Ordinary     the  Ordinary Shares of £0.005  in  issue
Shares"                at the date of the AGM;

"Existing Warrants"    warrants  in respect of Existing Ordinary
                       Shares  in  existence as at the  date  of
                       this document;

"Form of Proxy"        the   form   of   proxy   for   use    by
                       Shareholders at the AGM;

"Fully Diluted Share   the  potential  enlarged  ordinary  share
Capital"               capital  of  the  Company  assuming  full
                       exercise  of all of the New Warrants  and
                       conversion  of  all  of  the  Convertible
                       Notes;

"Germiston"            Germiston Investments Limited, a  company
                       registered in the British Virgin  Islands
                       under company number 2402;

"Group"                the   Company   and  its   wholly   owned
                       subsidiary,     Amirose     International
                       Limited;

"Hamlins"              Hamlins  LLP of Roxburghe House,  273/287
                       Regent Street, London W1B 2AD;

"New Articles of       the   articles  of  association  of   the
Association"           Company  proposed to be  adopted  at  the
                       Annual  General Meeting (a copy of  which
                       is  available from the offices of Hamlins
                       LLP,   Roxburghe  House,  273/287  Regent
                       Street, London W1B 2AD between the  hours
                       of  10  a.m.  and 12 noon on any  weekday
                       (Saturdays,  Sundays and public  holidays
                       excepted)  up to and including  the  date
                       of the Annual General Meeting);

"New Investors"        Germiston, Trafalgar and other investors
                       that have agreed to subscribe for New
                       Ordinary Shares following the CVA;

"New Ordinary Shares"  ordinary shares of £0.001 each in the
                       capital of the Company following the
                       Capital Re-organisation;

"New Warrants"         the warrants in respect of up to
                       3,239,697 New Ordinary Shares
                       exercisable at £0.001 per share to be
                       issued to Germiston, Trafalgar, the
                       Nominee, RHH and Hamlins LLP as
                       described in this document.

"Nominee"              Antony Batty of Antony Batty & Company
                       LLP, the proposed nominee under the CVA;

"Notice"               the notice convening the AGM set out in
                       this document;

"Proposals"            the CVA, the Capital Re-organisation,
                       the Resolutions and other proposals set
                       out in this document;

"Proposed Directors"   Leo Knifton and Nigel Weller;

"Resolutions"          the ordinary and special resolutions to
                       be proposed at the AGM set out in the
                       Notice;

"RHH"                  Religare Hichens Harrison plc, the
                       proposed Broker to the Company and
                       parent company of Blomfield;

"Shareholders"         the holders of ordinary shares in the
                       capital of the Company whether Existing
                       Ordinary Shares or New Ordinary Shares;
                       and

"Trafalgar"            Trafalgar Capital Specialised Investment
                       Fund FIS acting by its general partner,
                       Trafalgar Capital SARL.