Analysts

1 Bartholomew Lane, London, EC2N 2AX

Tel: +44 (0) 20 7496 3000

equityresearch@singercm.com

Andrew Gibb, Cavendish Capital Markets Limited

One Bartholomew Close, London, EC1A 7BL

Tel: +44 (0) 20 7397 1936

agibb@cavendish.com

Link to Cavendish

DISCLAIMER - Issued by the Directors and Management of Empresaria Group plc ("The Company"). Research analysts have from time to time published material commenting on The Company. Any opinions, estimates or forecasts regarding The Company's performance made by such analysts are theirs alone and do not represent opinions, forecasts or predictions of The Company or its Management. By distributing the information above The Company does not imply its endorsement of or concurrence with such information. The Company does not accept any responsibility whatsoever for the views of these or any other analysts reporting on The Company.