Strategy Corporate Finance, a division of Strategy Consulting Limited, is a Corporate Associate of Beer & Partners Ltd. The Chairman of Strategy Consulting Limited, John Courtney, is also an Associate Director of Beer & Partners, (Registered Office: Painter's Hall, 9 Little Trinity Lane, London, EC4V 2AD). Beer & Partners is authorised and regulated by the Financial Services Authority.

This communication has been approved by Beer & Partners as a financial promotion. Beer & Partners is authorised and regulated by the Financial Services Authority. Investment in unquoted businesses carries high risks as well as the possibility of high rewards and an investors' capital is at risk in making such investments. It is highly speculative and potential investors should be aware that no established market exists for the trading of shares in private companies. Please note that any tax treatments referred to in financial promotions approved or issued by Beer & Partners will depend on the individual circumstances of the investor. All of Beer & Partners' fees are payable by the client companies to whom it provides services, investors are treated as retail clients being recipients of Beer & Partners' financial promotions.