Jeremy Howard Coombes

Grand Banks Energy Corporation's ('Grand Banks' or 'the Company') principal business is the exploration, development and production of oil and gas properties. The Company was originally incorporated on June 25, 1969 under the British Columbia Companies Act and changed its name from Pacific Amber Resources Ltd. to Grand Banks Energy Corporation in 2003.The Company has been continued under the Alberta Business Corporations Act. On April 29, 2008, the Company announced it had entered into an agreement with Fairborne Energy Ltd. ('Fairborne') pursuant to which Fairborne has made an offer (the 'Offer') to acquire all of the issued and outstanding common shares of the Company by way of a takeover bid. Oil and gas operations are subject to the risks of exploration, development and production of oil and natural gas properties, including encountering unexpected formations or pressures, premature declines of reservoirs, blowouts, sour gas releases, fires and spills. Oil and natural gas exploration and development activities are dependent on the availability of drilling and related equipment in the particular areas where such activities will be conducted. Demand for such equipment or access restrictions may affect the availability and/or cost of such equipment to Grand Banks and may delay exploration and development activities. To the extent Grand Banks is not the operator of its oil and gas properties, the Company will be dependent on other operators for timing of activities related to non-operating properties and will be largely unable to direct or control the activities of the operators.

Octopus Phoenix VCT Plc operates as a venture capital trust which is managed by Octopus Asset Management Limited.

Octopus Eclipse VCT 3 Plc is a venture capital trust which aims to provide shareholders with attractive tax-free dividends and long-term capital growth, by investing in a diverse portfolio of unquoted and AIM quoted companies. It is managed by Octopus Investments Ltd. Octopus Eclipse VCT 3 was founded in August 2005 and is headquartered in London, the United Kingdom.

Bibby FS (Holdings) Ltd. operates as an independent factoring organization. The company was founded in 1995 and is headquartered in Liverpool, the United Kingdom.

Halliwell Landau Ltd. is a private company based in London, UK.

The Perfect Pizza Co. Ltd. owns and operates pizza stores. It franchises pizza stores across the United Kingdom. The company offers pizza home delivery services. The Perfect Pizza was founded in 1982 and is headquartered in London, the United Kingdom.

Whiteground Ltd. sells artwork.

Part of PTC, Inc., Advent Publishing Systems Ltd. develops publishing software. The company is based in Swindon, UK. Advent Publishing Systems was acquired by Arbortext, Inc., part of PTC, Inc. from July 06, 2005 on October 13, 2004.

Part of Swiss Life Holding AG, Timeweave Ltd. is a British company that develops software and provides IT services. The company is based in London, UK. The company was founded in 1969. The CEO is David Charles McNae Craven. Timeweave was acquired by Alphameric Plc on December 02, 2004 for $7.97 million.

Octopus Investments Ltd. is a fund management firm headquartered in London, UK. The firm was founded in 2000 and is owned by Octopus Capital Ltd. Octopus Investments manages investments for retail and institutional investors. They are a socially responsible investor and have established the Octopus Foundation which supports small and medium-sized charities that make a significant social impact.

Capital One (Europe) Plc issues credit card. It also provides retail financial services. The company is headquartered in Nottingham, the United Kingdom.

TDX Group Ltd. provides debt management services. It offers debt collection, insolvency management, debt sale and advisory services which includes recoveries management, PLATO, E-collections, helix and TIX insolvency management services. The company was founded by Mark Onyett in 2004 and is headquartered in Nottingham, the United Kingdom.

Octopus Capital Ltd. engages as an investment firm. It invests in renewable energy, healthcare, and property sectors. The company was founded by Simon Andrew Rogerson and Christopher Robert Hulatt in 2000 and is headquartered in London, the United Kingdom.

Stanley Security Solutions Ltd. provides security and life safety systems. Its services include security system design, installation, monitoring, repair and preventative maintenance services. The company was founded in 1922 and is headquartered in Swindon, the United Kingdom.

Ashley Finance Ltd. engages in provision of invoice financing services. The company was founded on March 8, 1993 and is headquartered in Bristol, the United Kingdom.

The Pall Mall Capital team provides independent, professional corporate finance advice to the private owners of corporate assets. Headquartered in London since 1991, Pall Mall Capital has offices in France and USA and has also mobilised leading investment bankers with whom they have dealt in the past to form the unique Pall Mall Alliance. This enables their service to cross borders as they support their clients with transactions across Europe, USA and Africa. Through the Alliance they use their expertise to advise on international mergers, acquisitions, capital raising and restructuring. Pall Mall Capital is led by John Cutts and Jacques Rouayroux who recapitalized the company in 2001 together with George Loudon as their non-Executive Chairman. Pall Mall Capital is authorized and regulated by the Financial Services Authority.

The Chartered Institute For Securities & Investment operates as securities and investment educational institute. It is the professional body for those who work in the securities and investment industry in the UK and in a growing number of major financial centres round the world. The company was founded in 1992 and is headquartered in London, the United Kingdom.

SportingWins writes financial contracts, “Hedging Agreements”, which cover the cost of success bonuses, consumer promotions and other financial commitments dependent on the results of professional sports. SportingWins has helped clients facing a broad range of business risks dependent on the results of professional sports, including businesses offering consumer promotions of the form “Buy a TV and get your money back if Spain wins the World Cup”, clubs and national associations with success bonuses payable to players, managers and staff, corporate sponsors, equipment manufacturers and tournament promoters with bonuses payable to teams and athletes that endorse their products and organizations that would have suffered financially had specific teams failed to qualify for a particular event. SportingWins is the clear market leader in its field and, in 2010, they covered in excess of €80 million of risk. Since the inception in October 2006 they have signed contracts with over 40 clients across more than 15 countries. The company consistently offers good pricing, ample capacity and a professional service: 90% of their business has been from clients with whom they have agreed multiple deals.

KMI Brands Ltd. manufactures and distributes cosmetics and beauty care products. It specializes in skincare, fragrance, male grooming, toiletries, gifting, salon treatments for home, product development, product marketing, brand development, branding, international sales and innovation. The company was founded by Herbie Dayal in 1993 and is headquartered in Teddington, the United Kingdom.

10Duke Software Ltd. provides Single Sign-On solutions for customers to securely access multiple applications and services with a single username and password. 10Duke Software is based in Camden, UK. The British company also offers Software Licensing and Identity Management solutions for software vendors to connect with their online customers and drive engagement and revenue. The private company helps manage licenses for desktop and SaaS applications, and provides data analysis to inform product and service innovation.

Clearly So Ltd.(Cleary So) is a venture capital firm founded in 2008 by Rodney Scott Schwartz. The firm is headquartered in London, United Kingdom.

Bentley Park (UK) Ltd. provides financial services. The private company is based in Bristol, UK. and has subsidiaries in Bahamas. It was founded in 2015.

Optimum SME Finance Ltd. provides financing solutions. It offers factoring, client handles own collections, invoice discounting, and debtor protection. The company is headquartered in Bristol, the United Kingdom.

Molo Tech Ltd. provides financial services. The company is headquartered in London, The United Kingdom.

Halliwell Consulting Corp. is a recruitment agency that specializes in finding the right jobs for the right people. The Canadian company has expertise in various industries such as aerospace, automotive, engineering, electrical/automation, food & beverage, health & safety, machining, maintenance, mining, plastic/moulding, program & project management, power engineering, printing, pulp & paper, and quality assurance tooling. The private company offers a wide range of job opportunities in different categories such as buyer, engineering, architecture, mechanical design engineer, health & safety manager/supervisor, manufacturing engineer, materials manager, inventory control, supply chain operations manager, planner/scheduler, process engineer, project manager, purchasing/buyer, quality assurance specialist, sawmill skilled trades, electrical supervisor, electrician, industrial electrician, instrumentation mechanic, machining, maintenance, power engineer, support staff, finance/accounting/IT, sales manager, human resources, and warehouse.