In the High Court of Justice, Chancery Division

Companies Court Court Number: CR-2017-003691

STRAND CAPITAL LIMITED

(IN SPECIAL ADMINISTRATION) (“the Company / Strand”)

Registered office: 25 Moorgate, London EC2R 6AY

Principal trading address: 1 Tudor Street, London, EC4Y 0AH

The Investment Bank Special Administration Regulations 2011 (“SAR”)

NOTICE OF CLIENT MONEY BAR DATE

IN ACCORDANCE WITH REGULATIONS 12A AND 12E OF THE SAR

FCA Registration Number: 494001

Adam Henry Stephens (IP No. 9748) and Henry Anthony Shinners (IP No. 9280) of Smith & Williamson LLP, 25 Moorgate London, EC2R 6AY and Virgil Harsham Levy (IP No. 19090) of LA Business Recovery Limited, 1 Beasleys Yard, 126 High Street, Uxbridge, UB8 1JT, were appointed as Joint Special Administrators (“JSAs”) of the Company on 17 May 2017 pursuant to an application made by Joseph Reginald Salisbury Egerton, director of the Company, under Regulation 5 of the SAR.

Notice is hereby given in accordance with Regulations 12A and 12E of the SAR, as follows:

• Under Regulations 12A and 12E of the SAR, the JSAs consider it necessary, in order to return client monies held pursuant to the client money rules of the Financial Conduct Authority ("FCA") ("Client Monies"), to set a bar date of midnight on 31 October 2018 (“the Client Money Bar Date”).

• The Client Money Bar Date represents the deadline by which clients are required to return their Statement of Claim to register their claim(s) (or otherwise submit their claim(s)) for Client Monies (“Client Money Claim / Claim”).

• Statements of Claim were issued to all known clients on 19 September 2018, enclosing details of how to register their Client Monies claim as outlined above.

• The purpose of the Client Money Bar Date is to allow the JSAs to commence the process for returning Client Monies to the clients of Strand, where applicable.

• This notice relates directly to Client Monies only and not for Custody Assets. A separate notice will be issued in this regard.

• This notice will be:

i. sent to all clients of Strand, who the JSAs are aware from the Company’s books and records may have a claim for the return of client monies, provided the JSAs have a means of contacting them;

ii. sent to any parties whom the JSAs believe have a right to assert a security interest over, or other entitlement to the Client Monies;

iii. placed into the London Gazette and advertised in the both the Times and Times International;

iv. sent to the FCA; and

v. sent to the Financial Services Compensation Scheme (“FSCS”)

• If you believe that you have a Client Money Claim, please submit details of your Claim, in advance of the Client Money Bar Date, in accordance with the instructions provided to you.

• If you have been sent this notice, it does not mean that you necessarily have a Client Monies Claim or are otherwise entitled to receive a distribution of Client Monies.

• In the event that you fail to submit your Client Monies Claim by the Client Money Bar Date, this is likely to result in a delay in the return of your Client Monies as no distribution can be made to a Client until their Client Money claim has been agreed.

• Following the Client Money Bar Date, once the JSAs have returned Client Monies no payment or part of any payment made to any person under the distribution may be recovered for the purpose of meeting a late claim in accordance with Regulation 12A(6) of the SAR.

• Unless otherwise sanctioned by the Court, every claimant who submits a claim for Client Monies must bear the cost of making the claim, including but not limited to, providing additional documentation or supporting evidence.

• Should you have any general queries in relation to this notice, please contact the JSAs via the contact details provided below. For specific advice relating to the scope and effects of the notice, you should consult your own legal or professional adviser.

Contact information for Administrators: Email: strandcapital@smithandwilliamson.com. Alternative contact: Jack McGinley.

Adam Stephens, Joint Special Administrator, For and on behalf of Strand Capital Limited - In Special Administration

19 September 2018

Ag YF61124