VALAD (OXFORD ROAD READING) LIMITED

(Company Number 05300985)

VALSEC NEWCO (NO.1) LIMITED

(Company Number 005337328)

IO MANAGEMENT LIMITED

(Company Number 03069809)

VALAD (BASINGSTOKE) LIMITED

(Company Number 05410406)

I.O. GROUND RENTS LIMITED

(Company Number 03413007)

IOG LIMITED

(Company Number 04368232)

TEESLAND IDG LIMITED

(Company Number 05382372)

I.O. GROUND RENTS (SHIP) LIMITED

(Company Number 03413013)

Registered office: (All of) 1st Floor, Unit 16 Manor Court Business Park, Scarborough, YO11 3TU

Principal trading address: (All of) 64 North Row, London, W1K 7DA; 3100 Century Way, Thorpe Park, Leeds, LS15 8ZB

We, the undersigned, being the member of the Companies for the time being having a right to attend and vote at General Meetings, hereby pass the following Written Resolutions on 11 November 2014, as a Special Resolution and as an Ordinary Resolution:

“That the Companies be wound up voluntarily and that Paul John Clark and Geoffrey Wayne Bouchier, both of Duff & Phelps Ltd, The Shard, 32 London Bridge Street, London, SE1 9SG, (IP Nos 8570 and 9535) be and are hereby appointed Joint Liquidators of the Companies.”

Further details contact: Paul John Clark or Geoffrey Wayne Bouchier, Tel: +44 (0)20 7089 4700. Alternative contact: Nicola Tinker, Email: Nicola.Tinker@duffandphelps.com.

For and on behalf of the, Directors

12 November 2014