31 January 2022

As a BVI incorporated AIM listed company, the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.

Significant shareholder disclosures:

Though Phoenix’s constitution incorporates the requirement for shareholders to disclose their holdings of voting rights in accordance with the United Kingdom Financial Conduct Authority's Disclosure Guidance and Transparency Rules Sourcebook (“DTR”), as a BVI incorporated business, statutory disclosure of significant shareholdings may be different and may not always ensure compliance with the requirements of AIM Rule 17. Shareholders are advised to consult the DTR when considering their requirements to disclose holdings to the Company.