Rhys Davies

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

Loudwater Trust Ltd. is a closed-ended investment company. It provides financing for pre-IPO and shareholders with an attractive rate of return on their investment, primarily through investing in companies which were likely to achieve an IPO or a sale within a short term time horizon and through a small number of investments in companies that were already listed. As of November 30, 2009, the company no longer intends to make any investments in new portfolio companies; existing portfolio companies will be the receiving follow-on investments if further funding is needed, which will be determined by the Investment Adviser.

Loudwater Trust Ltd. is a closed-ended investment company. It provides financing for pre-IPO and shareholders with an attractive rate of return on their investment, primarily through investing in companies which were likely to achieve an IPO or a sale within a short term time horizon and through a small number of investments in companies that were already listed. As of November 30, 2009, the company no longer intends to make any investments in new portfolio companies; existing portfolio companies will be the receiving follow-on investments if further funding is needed, which will be determined by the Investment Adviser.

Loudwater Trust Ltd. is a closed-ended investment company. It provides financing for pre-IPO and shareholders with an attractive rate of return on their investment, primarily through investing in companies which were likely to achieve an IPO or a sale within a short term time horizon and through a small number of investments in companies that were already listed. As of November 30, 2009, the company no longer intends to make any investments in new portfolio companies; existing portfolio companies will be the receiving follow-on investments if further funding is needed, which will be determined by the Investment Adviser.

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

West Country Radio Holdings Ltd. owns and operates radio stations. The company operates 14 local radio licenses across the United Kingdom. The company is headquartered in Buckinghamshire, the United Kingdom

Loudwater Trust Ltd. is a closed-ended investment company. It provides financing for pre-IPO and shareholders with an attractive rate of return on their investment, primarily through investing in companies which were likely to achieve an IPO or a sale within a short term time horizon and through a small number of investments in companies that were already listed. As of November 30, 2009, the company no longer intends to make any investments in new portfolio companies; existing portfolio companies will be the receiving follow-on investments if further funding is needed, which will be determined by the Investment Adviser.