Disclaimer

The Small Print

Ravenscroft Holdings Limited (“RHL”) is the parent company of the group and its ordinary shares are admitted to trading on The International Stock Exchange (“TISE”). RHL is registered in Guernsey with company number 61986 and its registered office address is PO Box 222, 20 New Street, St Peter Port, Guernsey GY1 4JG.

The following entities are direct or indirect subsidiaries of RHL with the percentage ownership noted below:

Name Ownership Domicile Company no. Registered office
Ravenscroft Limited ("RL") 100% Guernsey 42906 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG Jersey business address - PO Box 419, First Floor, Weighbridge House, Liberation Square, St Helier, Jersey, JE2 3NA
Ravenscroft Investment Management Limited (“RIML”) 100% Guernsey 49397 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Ravenscroft Cash Management Limited (“RCML”) 100% Guernsey 17073 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Ravenscroft Custody Services Limited (“RCSL”) 100% Guernsey 19710 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Ravenscroft Capital Limited (“RCL”) 100% Guernsey 66484 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Ravenscroft Consultancy and Listing Services (“RCLS”) 100% Guernsey 67129 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Ravenscroft Specialist Fund Management Limited (“RSFML”) 100% Guernsey 67128 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Ravenscroft Project Management Limited 100% Guernsey 66837 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Ravenscroft Precious Metals Limited (“RPML”) 100% Guernsey 54550 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Coinbox Limited (“CL”) 100% Guernsey 60127 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Network Securities Limited (“NSL”) 100% Guernsey 49267 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Bull & Bear Nominees Limited 100% Guernsey 54702 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Huntress (CI) Nominees Limited 100% Guernsey 43171 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Ravenscroft Services Limited (“RSL”) 100% Guernsey 50650 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
Ravenscroft Property Holdings Limited (“RPHL”) 100% Guernsey 62603 PO Box 222, 20, New Street, St Peter Port, Guernsey, GY1 4JG 
A Vartan Limited (“AVL”) 75% United Kingdom 07394226 The Singing Men's Chamber, 19, Minster Precincts, Peterborough, PE1 1XX
Tees Investment Management Limited (“TIML”) 75%* United Kingdom 11927040 The Singing Men's Chamber, 19, Minster Precincts, Peterborough, PE1 1XX

* TIML is 100% owned by AVL, which is turn is 75% owned by RHL.

Ravenscroft is the trading name of RL, RIML, RCML, RCSL and RSFML, which are licensed and regulated by the Guernsey Financial Services Commission (“GFSC”) to conduct investment business. RL is also regulated by the Jersey Financial Services Commission (“JFSC”) to conduct investment and funds services business. RL is a member of TISE and as such in RL transactions are subject to the rules of The International Stock Exchange Authority Ltd (“TISEA”).

Huntress (CI) Nominees Limited is the Ravenscroft Group nominee vehicle for the segregation of client assets.

BullionRock is the trading name of RPML, CL and NSL, all of which are registered with the GFSC as a Non-Regulated Financial Services Businesses. Bull & Bear Nominees Limited is utilised as a vehicle for the segregation of RPML client assets.

Vartan Ravenscroft is a trading name of AVL and is regulated by the Financial Conduct Authority (“FCA”). TIML is also regulated by the FCA.

This material is for your information only and is not intended to be used by anyone other than you. This is not an offer or solicitation with respect to the purchase or sale of any security. This material is intended only to facilitate your discussions with Ravenscroft as to the opportunities available to our clients. The given material is subject to change and, although based upon information which we consider reliable, it is not guaranteed as to accuracy or completeness and it should not be relied upon as such. The material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client's account should or would be handled, as appropriate investment strategies depend upon clients' investment objectives. This material does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it would be unlawful to make such offer or solicitation. It is the responsibility of any person or persons in possession of this material to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdiction. Prospective investors should inform themselves and take appropriate advice as to any applicable legal requirements and any applicable taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant to the subscription, purchase, holding, exchange, redemption or disposal of any investments. Ravenscroft does not provide tax advice to its clients and all investors are strongly advised to consult with their tax advisors regarding any potential investment. Opinions expressed are our current opinions. Any historical price(s) or value(s) are also only as of the date indicated. While we endeavour to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so.

Certain transactions, including those involving futures, options and high yield securities and investments in emerging markets may give rise to substantial risk and may not be suitable for all investors. Foreign currency denominated investments are subject to fluctuations in exchange rates that could have an adverse effect on the value or price of, or income derived from, the investment; such investments are also subject to fluctuations in exchange rates that could have an adverse effect on the value or price of, or income derived from, the investments; such investments are also subject to the possible imposition of exchange control regulations or other laws or restrictions applicable to such investments. Investments referred to in this material are not necessarily available in all jurisdictions, may be illiquid and may not be suitable for all investors. Investors should consider whether an investment is suitable for their particular circumstances and seek advice from Ravenscroft. The price and value of investments referred to in this material and the income from them may go down as well as up and investors may realise losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed and a loss of principal may occur.