Pre-emption Offers to Shareholders

2011-10-272011-09-292011-03-312011-11-072011-11-092011-11-17Companies Act 2006COMPANIES ACT 2006TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk1479517

NOTICE PURSUANT TO SECTION 978(1)(C) OF THE COMPANIES ACT 2006

RECOMMENDED MANDATORY CASH OFFER

by

PORTNARD LIMITED (PORTNARD)

for the whole of the issued share capital of

AIRSPRUNG GROUP PLC (COMPANY)

This notice is being given, pursuant to section 978(1)(c) of the Companies Act 2006, to persons on the register at the close of business on 9 November 2011 as holders of ordinary shares of 10p each ( Airsprung Shares ) in the Company who have no registered address in the United Kingdom and who have not supplied an address in the United Kingdom to the Company for the service of notices on them where the service of notices on them in respect of the Airsprung Shares may contravene the laws of the country or jurisdiction in which they reside ( Relevant Shareholders ).

Notice is hereby given pursuant to section 978(1)(c) of the Companies Act 2006 to Relevant Shareholders that the following documents, being copies of the documents issued or to be issued to the holders of Airsprung Shares in connection with and constituting the offer by Portnard to acquire all the issued of the Company not already owned (or conditionally acquired) by Portnard or a concert party ( Offer ) at a price of 31 pence per Airsprung Share held at the close of business on 7 November 2011 (being the last practicable date prior to the publication of the Offer document), documents (a), (b), (e), (f), (g), (i) and (j) may be inspected at Portnard’s website (www.portnard.com) and documents (c), (d) and (h) may be inspected at the Company’s website (www.airsprung-group.co.uk) from the date hereof until the Offer remains open:

(a) the Offer document ( Offer Document );

(b) the memorandum and articles of association of Portnard;

(c) the memorandum and articles of association of the Company;

(d) the published audited consolidated accounts of the Company for the two years ended 31 March 2011;

(e) the unaudited financial statements of Portnard for the two years ended 31 March 2011;

(f) the irrevocable undertakings to accept the Offer referred to in paragraph 4.3 of Appendix II of the Offer Document;

(g) the written consent referred to in paragraph 9.1 of Appendix II of the Offer Document;

(h) the written consent referred to in paragraph 9.2 of Appendix II of the Offer Document;

(i) the announcement of Portnard’s mandatory Offer pursuant to Rule 2.7 of the Code published on 29 September 2011, the announcement issued by the Company on 27 October 2011; and

(j) a form of acceptance enclosed with the Offer Document.

The Relevant Shareholders’ attention is drawn to paragraphs 10 of Part I and paragraph 6 of Part B of Appendix I of the Offer Document relating to overseas shareholders and their ability to accept pursuant to the Offer.

By Order of the Board

Andrew Perloff, Director

Portnard Limited

26 New Street

St Helier

Jersey

JE2 3RA

9 November 2011