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Description of business:
The company has been established with the sole purpose of evaluating and, if appropriate, pursuing the potential acquisition of certain retail and corporate banking assets and liabilities currently held by the royal bank of scotland PLC ("RBSG"). The Company intends to complete initial due diligence on the assets on a competitive, non-exclusive basis, after which, if appropriate, the Company intends to negotiate and agree heads of terms with RBSG in relation to the potential acquisition. IT IS NOT INTENDED THAT THE COMPANY WILL CONSIDeR ANY TRANSACTIOn OTHER THAN THE PROPOSED ACQUISITION. the proposed acquisition would constitute a reverse takeover for the purposes of the aim rules for companies (the "AIM RULES") and, as such, The COMPANY'S ORDINARY SHARES WILL BE SUSPENDED FROM TRADING IMMEDIATELY ON ADMISSiON, pending publication of a re-admission document in connection with the potential acquisition. in addition, and in accordance with the aim rules, if the Company's Ordinary Shares remain suspended from trading on AIM six months from the date of Admission, they May be cancelled from admission to AIM. If the Company and RBSG were to reach agreement on a definitive sale and purchase agreement in relation to the potential acquisition, it is the board of the company's intention that the Company would seek to undertake a placing of new Ordinary Shares to raise net proceeds in an amount at least sufficient to pay the upfront cash payment agreed with RBSG for the Potential Acquisition and would, at that stage, seek admission of the Ordinary Shares to the standard segment of the Official List and to trading on the London Stock Exchange's main market for listed securities (the "Standard listing"). in the event that the Company, in each case within 6 months of admission to aim, either (i) elects not to pursue the potential acquisition, (ii) does not reach agreement with RBSG on the terms of the potential acquisition, OR (III) THE POTENTIAL ACQUISITION IS NOT COMPLETED FOR ANY OTHER REASON, INCLUDING IF A RELEVANT CONDITION IS NOT MET, the Company intends to return any remaining cash (after payment of all of its expenses) to its shareholders by the most efficient route and apply for a voluntary members' liquidation.

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W&G Investments Plc

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