Schedule 1 - Tavistock Investments Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Tavistock Investments Plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered Address

15th Floor

125 Old Broad Street

London EC2N 1AR

Trading Address

5 Victoria Street

Windsor

Berks SL4 1HB

COUNTRY OF INCORPORATION:

England

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.tavistockinvestments.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

The company is currently an investment company. Following the proposed reverse acquisitions it will own and operate two businesses in the financial services sector.

County Life & Pensions Limited:

County Life & Pensions Limited ("County") is a group holding company operating the Sterling McCall wealth management network. The Sterling McCall business was established in 2003 by its three principals, Steve Moseley, Kevin Mee and Paul Millott. It is headquartered in Kegworth, Derbyshire, and has a second office in Grimsby, South Yorkshire. County is regulated by the FCA with FRN 449607.

As at 31 January 2014, the business had completed a total of 13 acquisitions, had 23 financial advisers, over 2,500 active clients and some £300 million of funds under advice, of which some £125 million is currently managed on platforms by a selected panel of DFMs.

Audited revenues for the year to 31 December 2013 amounted to £2.77 million and the company reported a pre-tax profit for the year of £483,000.

Advisers within the Sterling McCall network provide both private and corporate clients with financial advice, model portfolio and discretionary investment management, estate planning, pensions and retirement planning, insurance protection and mortgages.

County has developed proprietary software that will enable its advisers to conduct fact finds and risk assessments and to undertake the know-your-client process for new clients on a paperless basis.

Sterling McCall has also registered discretionarydirect.co.uk with the intention of providing an online service enabling clients to choose inexpensive tax wrappers (e.g. SIPPs and ISAs) and an investment strategy that matches their attitude to risk, without the cost and complexity of requiring advice. It is currently envisaged that such a service could be launched within 18 months.

Blacksquare Limited

Blacksquare Limited ("Blacksquare") was established in 2005 by Christopher Peel. Initially, Blacksquare operated as an unregulated, offshore, fund of hedge fund manager.

Despite the success of its first product, the Blacksquare Capital Access Fund, which never had a down year from its inception in early 2006 until it was closed in 2011, when many of the funds run by Blacksquare's competitors were "gated" or suspended (thus preventing investors from withdrawing capital), the Access Fund was subjected to very substantial redemption requests. The decision was therefore taken to convert the business model and to run an onshore, regulated version of the offshore strategy where it was envisaged by the principals that market conditions would be more stable.

Consequently the business is now authorised and regulated by the Financial Conduct Authority with FRN 568089 and manages the Acumen Defensive Portfolio. This product aims to deliver positive absolute returns that are uncorrelated to equity or bond markets. In 2012 the Portfolio returned growth of 5.5 per cent. However, having been unable to replicate earlier success in securing significant institutional funds to manage, Blacksquare is currently loss making.

The intention now is for Blacksquare to apply its skills, experience and proprietary portfolio models, to managing centralised investment solutions (model portfolios) for the clients of financial advisory firms. Blacksquare already has the necessary regulatory permissions to operate as a discretionary fund manager.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

117,289,162 ordinary shares of 1 penny each at a price of 7.5 pence per share

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£750,000 raised by way of a partially underwritten placing. Market capitalisation at the placing price of approximately £8.8 million (excluding underwritten shares to be admitted subsequently)

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

74.5 per cent.

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

none

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Oliver Charles Hewardine Cooke, Executive Chairman

Brian Kenneth Raven, Group Chief Executive

Roderic Henry Patrick Rennison, Non-executive Director

Philip Andrew Young, Non-executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Current significant shareholders

Dominic Wheatley 9.1%

Ascend Capital Limited 8.1%

Bentworth Holdings Limited 6.3%

Alan Watkins 4.7%

William Lord Astor 4.1%

Ismail Ghandour 4.1%

Robert McFadden 3.7%

Signficant shareholders following re-admission

Stephen Moseley 26.9%

Kevin Mee 23.0%

Paul Millott 23.0%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 31 December 2013

(iii) 30 September 2014, 30 June 2015, 30 September 2015

EXPECTED ADMISSION DATE:

2 June 2014

NAME AND ADDRESS OF NOMINATED ADVISER:

Northland Capital Partners Limited

131 Finsbury Pavement

London EC2A 1NT

NAME AND ADDRESS OF BROKER:

Northland Capital Partners Limited

131 Finsbury Pavement

London EC2A 1NT

Peterhouse Corporate Finance Limited

31 Lombard Street

London EC3V 9BQ

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The AIM admission document, containing full details of the applicant and the admission of its securities to trading on AIM, is available from www.tavistockinvestments.com

DATE OF NOTIFICATION:

16 May 2014

NEW/ UPDATE:

New