Test Material Number 38

Year Share Capital Case 1 Case 2 Case 3

Preference 114,286 114,286 60,000

2010
Ordinary 285,714 285,714 340,000

Preference 64,286 64,286 60,000

2011
Ordinary 160,714 160,714 165,000

Preference 37,500 37,500 37,500

2012
Ordinary 0 0 0

Preference 75,000 60,000 75,000

2013
Ordinary 0 15,000 0

Preference 91,071 85,714 67,500

2014
Ordinary 208,929 214,286 232,500
Case 4

60,000
340,000

60,000
165,000

37,500
0

60,000
15,000

60,000
240,000