Investor Presentaiton

Disclaimer This Presentation has been prepared in connection with a potential funding transaction ("Potential Transaction") with Bayport Management Ltd (the "Company") and/or its subsidiary companies (together with the Company, the "Group"). The Presentation (references to which shall be deemed to include any information which has been or may be supplied in writing or orally in connection herewith or in connection with any further enquiries) is being delivered to parties who, it is believed, may be interested in the Potential Transaction. The Presentation is for the exclusive use of the persons to whom it is addressed and their advisers. By its acceptance hereof, each recipient agrees that neither it nor its agents, representatives, directors or employees will copy, reproduce or distribute to others this Presentation, in whole or in part, at any time without the prior written consent of the Company and that it will keep confidential all information contained herein not already in the public domain and will use this Presentation for the sole purpose of deciding whether or not to proceed with a further investigation of the Group or to participate in the Potential Transaction. No representation or warranty, express or implied is or will be given by the Group or their respective directors, partners, employees or advisers or any other person as to the accuracy, completeness or fairness of this Presentation or the information contained herein and, so far as permitted by law and except in the case of fraud by the party concerned, no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements negligent or otherwise relating thereto. Only those particular representations and warranties made by the Group in definitive written agreements, when and if one is executed, and subject to such limitations and restrictions as may be specified in such agreements, shall have any legal effect. This Presentation includes certain statements provided by the Company with respect to the anticipated future performance of the Group. Such statements reflect significant assumptions and subjective judgments by the Group's management concerning anticipated results. These assumptions and judgments may or may not prove to be correct and there can be no assurance that any estimates, targets or projections are attainable or will be realised. Accordingly, (subject as aforesaid) neither the Group nor any of its respective directors, partners, employees or advisers nor any other person, shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in or omission from this Presentation and any such liability is expressly disclaimed. In all cases, interested parties should conduct their own investigation and analysis of the Group and the information contained in this Presentation. Any prospective funder will, so far as permitted by law and except in the case of fraud by the party concerned, be required to acknowledge, in any written funding agreement that may be concluded, that it has not relied upon or been induced to enter into such contract or to make such offer by any representation or statement contained herein. Except where otherwise indicated, this Presentation speaks as of the date hereof. Neither the delivery of this Presentation nor the provision of any funding shall, under any circumstances, create any implication that there has been no change in the affairs of the Group since the date hereof. In furnishing this Presentation, the Group does not undertake any obligation to update any of the information contained herein or to correct any inaccuracies which may become apparent. This Presentation shall remain the property of the Company. The Company reserves the right to require the return of this Presentation (together with any copies or extracts thereof) at any time. This Presentation does not constitute an offer or invitation for the provision of funding and shall not form the basis of any contract. Strictly Private & Confidential 36

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