ELITE Connecting companies with capital

ELITE Connecting companies with capital

The ELITE offering ELITE operates across the funding ladder, following our clients along their entire life cycle. The ELITE offering is structured across three well-defined products: ELITE Growth, ELITE Club Deal, ELITE Connect. 2012 2015 2016 < < < ELITE Growth ELITE Connect ELITE Club Deal CATALYST FOR GROWTH A full-service programme designed to share best practices and increase growth opportunities, including the understanding of capital markets. CONNECTION TO INVESTMENT OPPORTUNITIES A digital platform that brings together listed companies, institutional investors and financial intermediaries to enable easier interactions and increase productivity. CAPITAL FOR GROWTH An online private placement platform designed to streamline the capital raising process for companies.

What is ELITE Growth? The foundation of ELITE, a programme and platform to help ambitious, growing private companies better prepare and structure for further growth and external investment. Delivered in partnership with Imperial College Business School in the UK, ELITE facilitates long-term structured engagement between ambitious growing businesses, entrepreneurs, experts and the corporate advisory and investor communities. How does ELITE Growth work? COMPANY REFLECTION & REVIEW A comprehensive programme, delivered with entrepreneurs, investors and advisers, to stimulate organisational review and change. CAPITALISE ON THE BENEFITS Utilise the ELITE community and learnings to access new business opportunities and consider funding options and processes in more detail. PLANNING FOR CHANGE Practical and technical workshops designed to reflect on company-specific issues and plan for change with the support of the ELITE Partner network.

International Growth Launched in 2012, ELITE has over 580 companies enrolled and is growing rapidly. 582 COMPANIES 463 582 111 25 COUNTRIES 92 104 306 87 190 40 59 48 48 104 104 32 158 207 284 367 2012 2013 2014 2015 2016 2017 (YTD) Italy UK International

Diverse Company Network 582 25 44bn 196,000 34 COMPANIES COUNTRIES AGGREGATE EMPLOYEES SECTORS REVENUE 30 19 13 10 8 Industrials Consumer Goods 56 33 15 39 197 Technology < 50M 58 Industry Consumer Services Health Care Basic Materials Financials Utilities 125 Revenue Range 353 50-100M 100-200M 200-500M > 500M 88 120 Telecommunications Oil & Gas

ELITE Community ELITE companies access a vibrant community which facilitates long-term structured engagement with players from the business and financial environment.

ELITE UK companies The UK Programme has a diverse business population of 104 ambitious private companies from across the country 14 11 2 2 2 1 1 Industry 30 Technology Consumer Services Industrials Health Care Financials Telecommunications Consumer Goods Oil & Gas 1bn+ Aggregate revenues 1bn+ Capital raised 12,000+ 38 17 24 Utilities Basic Materials Aggregate employees UK Locations

And what they say Lucy Greggains, CFO, Unruly Media: ELITE has provided a solid network of like-minded entrepreneurs and their CFOs who want to see the next high growth technology success story come out of the UK! It's been inspiring to share challenges, opportunities and experiences with other high growth companies. We've covered everything from international expansion, to company culture and financing. Anthony Fletcher, CEO, Graze: It s a fantastic programme. graze is a business competing on a world stage and the opportunity to utilise the experience and learnings of our contemporaries is invaluable. Through the programme we have gained expertise and confidence allowing us to continue to place technology at the heart of our business and aspire to build a world class operation. Graeme Malcolm, CEO, M Squared Lasers: The programme has increased our awareness of different forms of funding and what needs to be done to prepare for each. It allows us to think about how we can keep scaling up. Ed Bussey, CEO, Quill: Quill is growing rapidly and the ELITE programme offers a great opportunity to focus on solutions that will help us to overcome the challenges of scaling a business fast. It's also an invaluable chance to spend time with peers at other companies who face similar challenges.

Benefits of joining Bespoke access to a network of leading advisers, investors, experts, entrepreneurs, public and private companies Earlier engagement with the investor community helping to access capital from a range of sources as and when appropriate for your business Opportunity to interact, share experiences and learn from other companies with similar growth objectives and aspirations Develop the expertise to help make informed business and funding decisions for your company Become part of a vibrant ecosystem that supports and promotes innovation, entrepreneurialism and growth A platform to enhance your business profile with stakeholders, supported by an extensive media campaign and web portal with the option for private placements

How to join as a company To join ELITE Growth, a company must typically have 5m+ in revenues and demonstrate its future growth potential and ambition. Company joins as part of a cohort for an 18 month period. There are two cohorts each year April and November. Participation is at the CEO / CFO level and two individuals from the same company may participate. The Process Detailed discussion with the ELITE team to ascertain your business needs. Completion of the application form and providing relevant information. Application discussed by a selection committee. On approval, we will communicate the planned programme for you and your ELITE peers and start working with you. Content and discussion over 7 modules. Additional meetings & workshops are scheduled as needed. Cost of joining is 15,000 for the 18 months.

ELITE UK Advisers & Supporters

How supporters get involved Being part of a vibrant ecosystem that supports and promotes innovation, entrepreneurialism and growth brings many benefits. Deliver programme module content Provide ongoing mentoring & advisory services Participate in panel discussions Lead specific technical workshops Attend regular community networking events Profile your firm on ELITE platform & connect with companies

Media and supporters exposure ELITE companies, investors and partners enjoy exposure from an exclusive agreement with The Times and good coverage from regional and national press as well as our other supporting networks. ELITE has had more than 380 participants, although Xavier Rolet, the LSE's chief executive, wants to grow the initiative, which is supported by The Times, to tens of thousands of members. Apr 2016 Going for Growth: learning the business of being Elite. The head of the London Stock Exchange wants to discover a new corporate giant. Apr 2014 ELITE offers a unique platform to support the introduction to capital markets of some of UK's most promising companies. ELITE is a way of getting SMEs to think more broadly about what they're doing. SMEs don't have the time or the resources to think about strategic growth on a daily basis. Access to the right kind of finance is critical to growth and firms must be able to understand, have access to and be confident in choosing between different options. The CBI is proud to support ELITE in bringing together a vibrant network of stakeholders from all stages of the funding ladder, including corporate, investor, advisory, research and public sector partners, to support high-growth firms to fulfil their potential. Two Belfast firms are to join the latest cohort of the London Stock Exchange Elite programme set up to support high-growth private companies. Scottish Hi-tech start-ups boosted by initiative London firms in the vanguard to join LSE s ELITE programme.. A key objective of Elite is to create a unified culture for UK SMEs as a means of stimulating overall economic growth in the UK. ELITE will further raise the profile of the tech sector amongst professional investors, helping to build essential sector expertise to compete with the pull of the US markets and ensure that British firms create high quality jobs here in the UK. J Shields

ELITE companies access capital 30% ELITE companies completed a corporate transaction* 340 Corporate transactions involving 160 ELITE companies 4bn raised by companies** 190 M&A and JV deals involving ELITE companies 111 PE/VC transactions involving 74 ELITE companies 29 ELITE companies issued a bond raising an aggregate 865m 7 ELITE companies listed on a public market, raising 100m * Corporate transactions include: M&A, JV, PE and VC deals, IPO ** Disclosed figures based on: PE/VC Deals (Zephyr data), IPOs and Bond Issues (LSEG data)

Q&A How can ELITE help my company raise its profile and secure investment? Becoming part of the ELITE community gives companies direct exposure to a range of advisers and investors, providing an insight into how different types of investors think and evaluate investment opportunities. In 2017, we launched a digital private placement platform called ELITE Club Deal (see next page). ELITE Club Deal helps companies raise their profiles by enabling them to showcase their investment propositions to professional investors and advisers on an integrated online platform. Companies will be able to secure investment from a range of professional investors and through a variety of financial instruments (equity, debt and convertibles) within a streamlined and simplified private placement process. Why is London Stock Exchange Group running this initiative? Will my company be expected to go public? LSEG is passionate about supporting growth businesses. We believe our experience as an operator of capital markets combined with support from the business and investor community will help deliver a comprehensive service for scale ups helping to create a vibrant ecosystem over the longer term. ELITE enables companies to benefit from LSEG s small and mid-cap experience and extensive existing relationships with the advisory and investor community. How are the European programmes linked? From April 2015 every ELITE member will have access to the entire ELITE community across the European jurisdictions. You ll be able to connect directly via the web platform. From time to time, we also look to bring the different programme cohorts (UK, Italy, International) together, providing an exciting opportunity for our companies.

ELITE Club Deal Platform ELITE Club Deal is a private placement platform streamlining the capital raising process for ELITE companies. The platform enables companies to connect to professional investors offering a host of funding options from equity to debt - in a secure and integrated environment. Company documentation is presented in a standardised format, further streamlining the investment process for participants. ELITE Partner Cornerstone Investors Company data Agent 1 Company Agent 2 Follow-on Investors Settlement Bank

CONTACT US FOLLOW US Umerah Akram Telephone +44 (0)20 7797 4707 uakram@lseg.com Zarina Nasib Telephone +44 (0)20 7797 1547 znasib@lseg.com Jack Hurdidge Telephone +44 (0)20 7797 3654 jhurdidge@lseg.com @_ELITEGroup_ ELITE ELITE Group

Disclaimer This document contains text, data, graphics, photographs, illustrations, artwork, names, logos, trade marks, service marks and information ( Information ) connected with ELITE Club Deal Limited. ( ELITE ) and/or other entities taking part of the London Stock Exchange Group ( LSEG ). ELITE attempts to ensure Information is accurate, however Information is provided AS IS and on an AS AVAILABLE basis and may not be accurate or up to date. Information in this document may or may not have been prepared by ELITE but is made available without responsibility on the part of the latter. ELITE does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the document or any of the Information. No responsibility is accepted by or on behalf of ELITE for any errors, omissions, or inaccurate Information in this document. The publication of this document does not represent solicitation by ELITE of public saving and is not to be considered as a recommendation by ELITE as to the suitability of the investment, if any, herein described. No action should be taken or omitted to be taken in reliance upon Information in this document. We accept no liability for the results of any action taken on the basis of the Information. The logos, trade marks and service marks contained within the Information are owned by ELITE or the LSEG and cannot be used without express written consent by the company having the ownership on the same. May 2017 ELITE Club Deal Limited London Stock Exchange Group All rights reserved www.elite-group.com