| Circumstances by reason of which change has occurred |
1. Conversion of 10,000,000 Irredeemable Convertible Unsecured Loan Stocks (ICULS) to Ordinary Shares
2. Conversion of 12,000 ICULS to Ordinary Shares
3. Conversion of 11,140,300 Warrants to Ordinary Shares
4. Conversion of 13,082,950 Warrants to Ordinary Shares
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