P2I LTD

P2I LTD (Company Number 04814350) Countries where registered: England and Wales OFFER BY P2I LTD TO SHAREHOLDERS OF £9,000,000 SECURED CONVERTIBLE LOAN NOTES Notice is hereby given, pursuant to section 562(3) of the Companies Act 2006, to persons on the register at the close of business on 20 September 2018 (“Record Date”) as holders of Ordinary Shares, the A Preference Shares and the B Preference Shares (“Equity Shares”) in P2i Ltd (“Company”) who have no registered address in an EEA State and who have not supplied an address in an EEA State to the Company for the service of notices on them (each an “Overseas Holder”) as follows: 1. This notice is given in connection with the open offer by the Company of £9,000,000 secured convertible loan notes (the maturity date is 31 December 2020) (the “Convertible Loan Notes”) for which Qualifying Shareholders will be able to subscribe for pro rata to their current holding of Equity Shares held at close of business on the Record Date (“the Open Offer”). 2. The following documents, being copies of the documents issued or to be issued in connection with and constituting the Open Offer may be inspected and copies thereof may be obtained, during normal office hours at the offices of Neville Registrars Limited, Neville House, Steelpark Road, Halesowen B62 8HD, United Kingdom during 9am to 5pm from the date hereof to 11am on 22 October 2018: 2.1 the circular dated 24 September 2018, published in connection with the Open Offer; 2.2 the personalised application form relating to the Open Offer (the “Application Form”); 2.3 the Convertible Loan Notes 2020 instrument; 2.4 a power of attorney relating to the Open Offer and the Convertible Loan Notes 2020; and 2.5 the Written Resolutions. 3. The issue of Convertible Loan Notes is conditional upon the Terms and Conditions of the Open Offer set out in Part 3 of the Circular (so far as not already satisfied or waived). 4. Shareholders’ attention is drawn to the paragraph entitled “Overseas Holders” in Part 3 of the Circular relating to overseas shareholders and their ability to accept new shares pursuant to the Convertible Loan Notes. 5. Terms defined in the Circular have the same meaning in this notice. Adrian Moores, Company Secretary by Order of the Board Registered Office: 127 North Milton Park, Abingdon, Oxfordshire, OX14 4SA 24 September 2018