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Beacon Hill hereby announces that the Company has received a notice of exercise by Darwin Strategic Limited ('Darwin'), to convert £300,000 of Darwin's Convertible Loan Note at a gross conversion price of 0.3223p per share. Details of the Convertible Loan Note were announced to the market on 4 October 2013 pursuant to which 92,898,987 ordinary shares (the 'Convertible Shares') now fall to be issued. Application has been made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on or about 30 May 2014. The Shares will rank pari passu in all respects with all existing ordinary shares in the Company. Following admission of the Shares, the Company's enlarged issued share capital will comprise 1,834,487,129 ordinary shares with voting rights.
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