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Restructuring Notice

Disposal of Subsidiary

Mission Real Estate Investment Funds PCC Limited

On 6 August 2013, by Act of the Royal Court of Guernsey, Mission Real Estate Investment Funds PCC Limited (“the Company”) was ordered to be compulsorily wound up. Alan John Roberts of Grant Thornton Limited, PO Box 313, Lefebvre House, Lefebvre Street, St. Peter Port, Guernsey Channel Islands GY1 3TF was appointed Liquidator for the purpose of such winding up.

The Company holds 100% of the share capital of Residenze in Val d’Orcia S.r.l (“RVD”). RVD is a property holding special purpose vehicle, which owns Podere Montale, a real estate property located in the municipality of Seggiano in Tuscany, Italy (“the Property”). The Property comprises six two-bedroom apartments and garage space at lower ground floor level, as well as its own grounds and dedicated swimming pool.

The Property was formally valued in March 2011 and was given a market value of €1.9 million at that time. The Property is subject to a mortgage. The total liabilities of RVD including the mortgage were understood to be approximately €1.0 million as at 31 December 2012.

I am seeking to dispose of the shares in RVD and would therefore invite all parties to contact me should they wish to discuss this further.

A J Roberts