Shares in Issue and Major Shareholders

Total number of share in issue is 96,441,735. The following have interests in 2% or more of the Company’s existing ordinary share capital as of 7th Feb 2017:

Shareholder

Rayne Family holdings

Asset Value Investors

Schroders plc

Charles Stanley

Hargreaves Lansdown

Smith & Williamson

Barclays Stockbrokers

James Sharp & Co

% of shares in issue

36.1%

12.1%

7.0%

2.9%

2.8%

2.8%

2.3%

2.1%