Major Shareholders

The information below is correct at 30 August 2019.

Issued Share Capital

186,420,598 Ordinary 10p shares.

The securities are currently traded on AIM.

There are currently no restrictions on the transfer of securities.

Major shareholders (3% or over)

Perpetual Income & Growth Investment Trust – 9.99%

J O Hambro Capital Management – 9.92%

Premier Fund Management – 9.24%

M&G Investment Management – 6.81%

Invesco Perpetual UK Strategic Income Fund – 6.15%

PPS Bassi – 5.51%

Ruffer Absolute Return Fund – 5.41%

EFG Harris Allday – 5.07%

Miton Asset Management – 4.82%

Invesco Perpetual UK Equity Pension Fund – 4.64%

CF Ruffer Total Return Fund – 3.97%

Hargreaves Lansdown Asset Management – 3.48%

Aberdeen Standard Investments – 3.25%

Shares not in public hands amounted to 37.81% of the Issued Share Capital.

REI PLC – REAL ESTATE INVESTORS PLC – AIM listed