AIM Rule 26

This information is disclosed pursuant to Rule 26 of the AIM Rules for Companies and was last updated on 11 December 2019

SAE is incorporated in Singapore. The rights of shareholders may be different from the rights of shareholders in a UK incorporated company.

The securities of SAE are traded on the AIM market operated by the London Stock Exchange plc and its shares have not been admitted, nor have any applications been made, for any of its shares to be admitted or traded on any other exchanges or trading platforms. There are no restrictions on the transfer of shares in SAE.

Applicable Takeover Code

As the Company is incorporated in Singapore it will not be subject to the City Code and accordingly Shareholders will not be afforded any protections under the City Code. However, Shareholders will have the benefit of the protections afforded by the Singapore Code. The Singapore Code is broadly similar to the City Code. A summary of certain provisions of the Singapore Code is set out in paragraph 20 of Part VII of this document