Regulated and Inside Information

ANNOUNCEMENT: Update on Dissolution Plan

To the shareholders:

London - 7 February 2019 at 19:00 hours

ANNOUNCEMENT: Update on Dissolution Plan

At present, the Board is finalizing the actions that have to be taken pursuant to the Dissolution Plan, which was agreed upon unanimously by the shareholders in the annual general meeting of 18 January 2018.

On 22 January 2019, the Registrar of Companies (in the United Kingdom) gave notice to the Company that the Company will be struck off the Register after two months, i.e. 22 March 2019, due to the Annual Accounts for the year ending 31 December 2017 not having been filed at the Companies House. Since the Company would also request a (voluntary) strike-off under the Dissolution Plan, the Board has decided not to counter the announced strike-off and to continue the final steps for dissolution according to the plan that was agreed upon by the shareholders of the Company, with the announced strike-off on 22 March 2019 taking the place of the voluntary strike-off.

Given the intent to undertake the dissolution of the Company, the statutory auditor, Ernst & Young LLP, has been informed that their statutory audits are no longer needed. EY has therefore informed the Company, in accordance with the Companies Act 2006, that it will cease to hold office as auditor of the Company.

In order to fully inform its shareholders, the Board intends to publish at the beginning of March 2019 the (unaudited) Annual Accounts over the years ending 31 December 2017 and 2018 on its website. The Board furthermore expects to be able to announce the finalisation of the steps needed for dissolution in the coming weeks.

Board of Directors

Mr. P. Zwart (CEO)
Mr. W. Bouma

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