Annulment of outstanding Share Options

All Directors share options authorised at the AGM held on the 1st May 2014 and the 2nd July 2015 have been annulled following a review by the board. None of these options were exercised by any of the Directors.

The board of 2up has asked its remuneration committee to provide a recommendation for a suitable incentive scheme that would be additional to any remuneration covered by service contracts that rewards the effective performance of the individual directors.