REGISTERED NUMBER: 08450163 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

PHOENIX SEARCHES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

S Bozinis

S P Wood

SECRETARY:

J M Buckle

REGISTERED OFFICE:

The Maidstone Studios

Vinters Business Park

New Cut Road

Maidstone

Kent

ME14 5NZ

REGISTERED NUMBER:

08450163 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

The directors present their strategic report for the year ended 30 June 2025.

The Company's principal activity during the period continued to be be the provision of technological solutions for solicitors completing the conveyancing process and the offer of new data-based products to improve turnaround times in information provision.

REVIEW OF BUSINESS

The Company generated revenue for the 12 month period to 30 June 2025 of £27,995k. The comparative amount for the corresponding period from 1 July 2023 to 30 June 2024 of £22,148k. Phoenix Searches Limited sales revenues increased by 26% from 2024 to 2025. This uplift in sales is due to market recovery and growth in commercial market customer base.

The key financial and other performance indicators for the period were as follows:

2025

2024

£'000

£'000

Revenue

27,995

22,148

Gross Profit

7,363

5,813

Profit/(loss) before tax

2,657

74

Equity shareholders' funds

4,168

1,511

Average number of employees (No's)

52

52

Gross profit followed a similar trend and grew by 27% in 2025 in comparison to 2024. The increase is due to increased volumes and growth in product cross selling. The profit before tax of £2,657k is significantly up on prior year but 2024 included large one-off costs.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the company are summarised as follows:

(a) Financial instrument risk (Liquidity risk, credit risk and foreign currency exchange risk)

Liquidity risk describes the Company's ability to meet its liabilities as and when they fall due. Phoenix Searches Ltd has no gearing. Historically the organisation has had no liquidity issues. Cashflow is managed very closely and there are processes in place to forecast short term and long-term cash flow requirements. The company holds a cash balance that is higher than the forecast cash requirement for its operations.

Credit risk is the risk that one party to a financial instrument will cause a financial loss to that other party by failing to discharge an obligation. Policies are implemented to minimise this risk. The organisation operates on upfront payment terms. Customers are invoiced on order and 99% of the customer base pay by direct debit on seven-day terms.

Foreign currency exchange risk arises due to fluctuation in foreign currency exchange rates. The company has minimum exposure to this risk.

(b) Competitive risk

Phoenix Searches Limited competitive advantage has improved post-acquisition due to collaboration with other group members, which has meant additional product offerings and innovation. Phoenix Searches continues to provide bespoke solutions to their customer base and has a strong presence in the commercial market. Phoenix Searches Ltd continues to have a strong brand in the industry, which gives the organisation a competitive advantage.

(c) Economic risk

The major economic risk is the current downturn in the housing market and the potential ongoing recession. The increase in interest rates may impact property transactions in England and Wales adversely.

ON BEHALF OF THE BOARD:

S Bozinis - Director

19 December 2025

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

DIVIDENDS

No dividends will be distributed for the year ended 30 June 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2024 to the date of this report.

S Bozinis

S P Wood

POLITICAL DONATIONS AND EXPENDITURE

Charitable donations were given in the financial year totalling £5,484.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Oury Clark Chartered Accountants, were appointed in accordance with Section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

S Bozinis - Director

19 December 2025

Opinion

We have audited the financial statements of Phoenix Searches Limited (the 'company') for the year ended 30 June 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least 12 months and 1 day from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be misstated. If we identify such inconsistencies or apparent misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any matters in the Strategic Report and the Report of the Directors that are inconsistent with our overall view of the financial statements.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been

received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of directors' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

Identifying and assessing potential irregularities, including fraud

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- Considering the nature of the industry, sector, control environment and current business activities, including possible performance targets and subsequent remuneration;

- Enquiring of management concerning policies and procedures relating to:

1. Complying with laws and regulations and whether there were any instances of non-compliance;

2. Mitigating, detecting and responding to fraud risk and whether there has been any actual or possible instances of fraud.

- Discussing with the engagement team regarding how and where fraud may occur in the financial statements along with the possible indicators of fraud. We identified the following areas most likely to be susceptible to fraud:

1. Revenue recognition;

2. Management override.

- Discussing with the engagement team the legal and regulatory framework in which the company operates and in particular those which would have an impact on the financial statements. The key laws and regulations considered were the Companies Act 2006, UK tax legislation and UK employment legislation..

Audit response to the risks identified

As noted above, we identified revenue recognition and management override as matters that would most likely be susceptible to fraud. Our procedures to respond to these risks included the following:

- Reviewing a sample of sales contracts and invoices to ensure sales are legitimate, recognised in the correct accounting period and are in line with applicable accounting standards;

- Review of the nominal ledger and journals posted in the year to ensure there was no evidence of management override.

Further, we also identified compliance with the Companies Act 2006, UK tax legislation and UK employment legislation as being key areas where there may be possible non-compliance. Our procedures to respond to these risks included the following:

- Review the financial statement disclosures with completion of a disclosure checklist and testing to supporting documentation to assess compliance with the Companies Act 2006;

- Safeguard review of financial statements by a qualified accountant not associated with the engagement team;

- Corporation tax computation prepared and reviewed by a separate team not associated with the audit team;

- We have checked a sample of compliance with right to work checks and reviewed legal fees for indications of material issues arsing out of non-compliance with UK employment law.

The above matters and identified laws and regulations and potential fraud risks were communicated to all engagement team members in order to enable the team to have the ability to identify such risks. The whole team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above and the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Emma Crowley (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

19 December 2025

TURNOVER

3

27,994,924

22,147,512

Cost of sales

20,631,465

16,335,012

GROSS PROFIT

7,363,459

5,812,500

Administrative expenses

4,775,218

5,753,662

2,588,241

58,838

Other operating income

68,754

15,214

OPERATING PROFIT and

PROFIT BEFORE TAXATION

2,656,995

74,052

Tax on profit

6

-

83,327

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

2,656,995

(9,275

)

PROFIT/(LOSS) FOR THE YEAR

2,656,995

(9,275

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,656,995

(9,275

)

FIXED ASSETS

Intangible assets

8

755,614

1,458,551

Tangible assets

9

13,952

11,181

769,566

1,469,732

CURRENT ASSETS

Debtors

10

6,251,847

1,989,040

Cash at bank

1,046,330

1,891,808

7,298,177

3,880,848

CREDITORS

Amounts falling due within one year

11

3,899,629

3,839,461

NET CURRENT ASSETS

3,398,548

41,387

TOTAL ASSETS LESS CURRENT LIABILITIES

4,168,114

1,511,119

CAPITAL AND RESERVES

Called up share capital

14

1,096

1,096

Share premium

15

712,452

712,452

Retained earnings

15

3,454,566

797,571

SHAREHOLDERS' FUNDS

4,168,114

1,511,119

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

S Bozinis - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 July 2023

1,096

1,020,646

712,452

1,734,194

Changes in equity

Dividends

-

(213,800

)

-

(213,800

)

Total comprehensive income

-

(9,275

)

-

(9,275

)

Balance at 30 June 2024

1,096

797,571

712,452

1,511,119

Changes in equity

Total comprehensive income

-

2,656,995

-

2,656,995

Balance at 30 June 2025

1,096

3,454,566

712,452

4,168,114

1.	STATUTORY INFORMATION

Phoenix Searches Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least 12 months and 1 day from the date the audit report was signed. Accordingly they continue to adopt the going concern basis in preparing the financial statements.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

•

the requirements of paragraphs 29.28(b) and 29.29;

•

the requirement of paragraph 33.7.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatach of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, less any accumulated depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment

- 20% straight line

Computer equipment

- 20% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Basic financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instrument as covered by Section 12 of FRS 102.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

30.6.25

30.6.24

£

£

United Kingdom

27,994,924

22,147,512

27,994,924

22,147,512

4.	EMPLOYEES AND DIRECTORS

30.6.25

30.6.24

£

£

Wages and salaries

2,150,849

3,364,282

Social security costs

233,189

235,670

Other pension costs

100,667

96,740

2,484,705

3,696,692

The average number of employees during the year was as follows:

30.6.25

30.6.24

Administrative

7

7

Sales

6

11

Operations

39

34

52

52

30.6.25

30.6.24

£

£

Directors' remuneration

-

-

5.	OPERATING PROFIT

The operating profit is stated after charging:

30.6.25

30.6.24

£

£

Other operating leases

124,320

112,800

Depreciation - owned assets

6,246

8,710

Loss on disposal of fixed assets

395,020

-

Computer software amortisation

731,401

807,354

Auditors' remuneration

30,472

12,674

Foreign exchange differences

-

428

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

30.6.25

30.6.24

£

£

Deferred tax

-

83,327

Tax on profit

-

83,327

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

30.6.25

30.6.24

£

£

Profit before tax

2,656,995

74,052

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

664,249

18,513

Effects of:

Expenses not deductible for tax purposes

11,133

6,145

Capital allowances in excess of depreciation

(2,427

)

-

Depreciation in excess of capital allowances

-

101,694

Utilisation of tax losses

(672,955

)

(126,352

)

Deferred tax

-

83,327

Total tax charge

-

83,327

7.

DIVIDENDS

30.6.25

30.6.24

£

£

Ordinary shares of £0.01 each

Final

-

213,800

8.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 July 2024

5,368,622

Additions

423,483

Disposals

(4,460,049

)

At 30 June 2025

1,332,056

AMORTISATION

At 1 July 2024

3,910,071

Amortisation for year

731,401

Eliminated on disposal

(4,065,030

)

At 30 June 2025

576,442

NET BOOK VALUE

At 30 June 2025

755,614

At 30 June 2024

1,458,551

The disposals relate to old legacy systems which were announced as obsolete during the year.

9.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2024

53,881

67,863

121,744

Additions

-

9,017

9,017

At 30 June 2025

53,881

76,880

130,761

DEPRECIATION

At 1 July 2024

53,431

57,132

110,563

Charge for year

450

5,796

6,246

At 30 June 2025

53,881

62,928

116,809

NET BOOK VALUE

At 30 June 2025

-

13,952

13,952

At 30 June 2024

450

10,731

11,181

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

627,453

1,028,157

Amounts owed by group undertakings

4,638,031

-

Other debtors

6,491

33,793

Deferred tax asset

46,249

46,249

Prepayments and accrued income

933,623

880,841

6,251,847

1,989,040

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

156,500

397,350

Amounts owed to group undertakings

1,741,514

1,303,751

Social security and other taxes

51,427

55,916

VAT

418,508

359,787

Other creditors

17,070

58,071

Accruals and deferred income

1,514,610

1,664,586

3,899,629

3,839,461

12.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

£

Within one year

69,631

9,400

13.	DEFERRED TAX

£

Balance at 1 July 2024

(46,249

)

Balance at 30 June 2025

(46,249

)

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

109,550

Ordinary

£0.01

1,096

1,000

NIL

A Ordinary

£0.01

-

96

1,096

1,096

In June 2025, 9,550 Class A Ordinary shares of £0.01 each were redesignated to Ordinary shares.

At June 2024, there were 100,000 Ordinary shares of £0.01 each and 9,550 Class A Ordinary shares of £0.01 each.

15.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 July 2024

797,571

712,452

1,510,023

Profit for the year

2,656,995

2,656,995

At 30 June 2025

3,454,566

712,452

4,167,018

16.	ULTIMATE PARENT COMPANY

The immediate parent company is Leap Search (UK) Pty Ltd, a company incorporated in Australia.

The smallest group to consolidate the results and financial position of the Company is ATI Holdings Co Pty Limited and the largest group to consolidate the Company's financial statements is ATI Global Limited. Copies of the ATI Holdings Co Pty Limited and ATI Global Limited financial statements are publicly available and can be obtained from the Australian Securities & Investments Commission (ASIC) at asic.gov.au or from the ATI Global Limited registered office Level 8, 135 King Street, Sydney, 2000, NSW, Australia.

The Company's ultimate parent company is ATI Global Limited, a company registered in Australia, which is controlled by C M Beck, who is regarded as the ultimate controlling party.