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ARTICLE · 21 JANUARY 2014

CISX Restructure

Following our recent news releases concerning The Channel Islands Stock Exchange, LBG ("CISX"), the restructure of the CISX by way of a scheme of arrangement was approved by the Royal Court of Guernsey on 20 December 2013.

JerseyCorporate/Commercial Law

Following our recent news releases concerning The Channel Islands Stock Exchange, LBG ("CISX"), the restructure of the CISX by way of a scheme of arrangement was approved by the Royal Court of Guernsey on 20 December 2013.

All listed securities have been transferred to listing on the official list of the new exchange named The Channel Islands Securities Exchange Authority Limited (the "New Exchange") and the issuers of such securities shall be subject to the listing rules of the New Exchange together with any other laws, rules, regulations or requirements applying to such issuers.

The following international recognitions and memberships have been obtained by the New Exchange:

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