Investors

Key Company advisers

Nominated adviser and joint broker:
Zeus Capital Ltd
82 King Street
Manchester M2 4WQ

Joint broker:
Stockdale Securities Limited
100 Wood Street
London EC2V 7AN

Auditors:
RSM UK Audit LLP
One London Square
Cross Lanes
Guildford GU1 1UN

Solicitors:
Eversheds Sutherland (International) LLP
One Wood Street
London EC2V 7WS

Registrars:
Link Market Services Limited
The Registry
34 Beckenham Road
Beckenham BR3 4TU

Financial PR Adviser:
TB Cardew
5 Chancery Lane
London EC4A 1BL

Corporate governance

The Directors acknowledge the importance of sound corporate governance and apply the QCA
Guidelines to the Company to extent that they consider them appropriate for a company of its size and nature.

The Board comprises five directors, three of whom are executive directors and two of whom are
non-executive directors, reflecting a blend of different experience and backgrounds.

Christopher Bell and Ian Francis are considered independent. The Board meets regularly to consider strategy, performance and the framework of internal controls.

To enable the Board to discharge its duties, all Directors receive appropriate and timely information. Briefing papers are distributed to all Directors in advance of Board meetings. All Directors have access to the advice and services of the Chief Financial Officer and the Company Secretary, who are responsible for ensuring that the Board procedures are followed and that applicable rules and regulations are complied with. In addition, procedures are in place to enable the Directors to obtain independent professional advice in the furtherance of their duties, if necessary, at the Company’s expense.

Statement regarding QCA Code

Board Committees

The Company has established Audit, Remuneration and Nomination Committees as well as an Agent
Recruitment Committee.

The Audit Committee has Ian Francis as chairman and has primary responsibility for monitoring the
quality of internal controls, ensuring that the financial performance of the Group is properly measured
and reported on and reviewing reports from the Group’s auditors relating to the Group’s accounting and internal controls, in all cases having due regard to the interests of Shareholders. The Audit Committee
meets at least twice a year. Christopher Bell is the other member of the Audit Committee.

The Remuneration Committee has Christopher Bell as chairman and reviews the performance of the
Executive Directors and determines their terms and conditions of service, including their remuneration
and the grant of options, having due regard to the interests of Shareholders. The Remuneration
Committee meets at least once a year. Ian Francis is the other member of the Remuneration Committee.

The Nomination Committee has Christopher Bell as chairman and provides a formal, rigorous and
transparent procedure for the appointment of new directors to the Board. The Nomination Committee
meets at least once a year. Ian Francis and Ian Springett are the other members of the Nomination
Committee.

The Board has also established an Agent Recruitment Committee comprising any one of the
Non-Executive Directors and any two of the Executive Directors in order to ensure that there is
appropriate oversight of any future issues of Property Advertiser Recruitment Shares. Accordingly, any
proposed issue of Property Advertiser Recruitment Shares to new agents will need to be approved by
the Agent Recruitment Committee.