GEM Capital Holdings (CY) Ltd

All cash, unrecommended, offer for Volga Gas plc by GEM Capital Holdings (CY) Ltd, effected by way of a contractual offer

AFI Development plc

Sponsor on the proposed Class 1 disposal of certain property assets to settle outstanding loans due to VTB Bank PJSC of US$620m and subsequent renegotiation and amendment of the loans due to VTB and personal guarantee from AFI’s largest shareholder to VTB in substitution for the proposed disposal

Belphar Ltd

Unilateral possible, all cash, offer for Pan European Terminals Plc. Acquisition of 29.9% of issued share capital and £8.85 million of convertible loan notes (Value of the enlarged company at possible offer price)