Timeline

Voting rights breakdown

Notice details

Beneficial owner

Castle Alternative Invest AG

Castle Alternative Invest AG (the "Company") has entered into an agreement with Swiss Life AG ("Swiss Life"), pursuant to which it intends, conditional on the approval of the independent shareholders, to effect a reduction of capital and a group restructuring. Under the terms of the agreement Swiss Life has agreed to surrender its entire shareholding of 48.81% in the Company for cancellation, in consideration for the transfer to it of a substantially equivalent percentage shareholding in Castle Alternative Invest (International) plc, the entity through which the substantial majority of the Group s portfolio of investments is held. The details of the proposed transaction are described in a circular to the shareholders submitted to and approved by the UK Listing Authority that can be found under http://www.castleai.com/uploads/media/Circular_Restructuring_Proposal_E.pdf Pursuant to their recent agreement and conditional inter alia upon approval of independent shareholders, with effect from on or around 20 December 2010, Swiss Life will no longer hold any shares of the Company and the Company will hold 22,544,477 shares representing 58.56% of the total number of issued shares including shares in treasury and pending cancellation ( issued shares ). Of this total, 3,750,537 shares (representing 9.74% of issued shares) were already held by the Company on 17 September 2010 ( the notification date ) and 18,793,940 shares (representing 48.81% of issued shares) would be surrendered to the Company on or around 20 December 2010, subject to the terms of the agreement being fulfilled. Subject to the approval of shareholders at the extraordinary general meeting to be held on 12 October 2010 and the publication of the creditors call in the Swiss Official Gazette of Commerce, application will be made for the cancellation of the 18,793,940 shares.