TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: FORBES VENTURES PLC

2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights
are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: BEAUFORT NOMINEES LIMITED

4. Full name of shareholder(s) (if different from 3.)

5. Date of the transaction and date on which the threshold is crossed or reached: 2nd December 2016

6. Date on which issuer notified: 5th December 2016

7. Threshold(s) that is/are crossed or reached: Below 9%

8. Notified details:

A: Voting rights attached to shares viii, ix

% of voting right attached to shares (total of 8. A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights of issuer vii
Resulting situation on the date on which threshold was crossed or reached Nil Nil 356,251,830
Position of previous notification (if applicable) 4.9%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of shares ISIN code (if possible) Direct (Art 9 of Directive 2004/109/EC) (DTRS.1)) Indirect (Art 10 of Directive 2004/109/EC)(DTRS.2.1) Direct (Art 9 of Directive 2004/109/EC)(DTR5.1) Indirect (Art 10 of Directive 2004/109/EC)(DTRS.2.1)
Ord GBP 0.001 Nil Nil
KYG361891016
SUBTOTAL 8.A NIL NIL

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument Expiration datex Exercise/Conversion Periodxi Number of voting rights may be aquired if the instrument is exercised/converted % of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument Exercise price Expiration date xvii Exercise/Conversion period xviii Number of voting rights instrument refers to % of voting rights xix,xx
          Nominal Delta

Total (A+B+C)

Number of voting rights Percentage of voting rights

10,138,746 8.89%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name: Beaufort Nominees

15. Contact telephone number: 020 7382 8332

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification obligation

Full name
(including legal form of legal entities)

Contact address
(registered office for legal entities)

Phone number & email

Other useful information
(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information
(e.g. functional relationship with the person or legal entity subject to the
notification obligation)

C: Additional information