Dividend Declaration

The Company has today declared a fourth interim dividend in respect of the
financial period ended 31 May 2012 of 0.93 pence per ordinary share, payable on
31 August 2012 to ordinary shareholders on the register on 29 June 2012. The
ex-dividend date will be 27 June 2012.

The Company has achieved the 4% annualised dividend target set out in the IPO
prospectus. The revenue was generated despite the Manager holding some cash
after the IPO in anticipation of adverse markets. In addition, a revenue
surplus of £130,000 has been credited to the consolidated reserves.

 
20 June 2012