CORPORATE INFORMATION

Retirement Villages Limited (“RV”) is the longest established operator of retirement villages in the UK, celebrating its 25th anniversary in 2006, and is the market leader. Its model of offering active, elderly people a supported lifestyle in villages with extensive facilities differentiates the company from other retirement operators which offer either sheltered accommodation with no facilities or support, or are nursing based offering services only to the frail and elderly.

The company was sold by the founding owners on their retirement in February 2005 to an Isle of Man based investment company, Romac Investments Limited. The new owners have invested heavily in the expansion and development of the business through the acquisition of existing villages, development at new sites and expansion into new serviced areas.

The company has grown from 3 completed villages with 1 under construction in February 2005 to 9 operating villages with a further 4 under development in December 2007. Many of the villages now include nursing and residential care facilities and assisted living. The company intends to continue its expansion through acquisition, joint venture and organic growth.