We are delighted to announce the merger between Prospec Limited
& the French based leisure product manufacturer, The Abeo Group.

The Abeo Group currently employs over 600 people worldwide, working in 19 separate sites, in 18 different locations,
with a global turnover in excess of 68,000,000 GBP. This exciting partnership will allow Prospec to consolidate and build
upon its excellent reputation in the UK leisure market, with significant investment in new products, manufacturing
synergies and operating systems.

Importantly, Prospec will retain its existing identity, governance structure and operate as a subsidiary of The Abeo Group.
The existing board members, Bob Mitchell and Mark Spicer, will be joined by David Pringle as Sales Director. They will also
be joined on the board by Olivier Estèves CEO of Abeo, plus Jerome Bourquard and Brice Clavel.

Jon Pearson, Chairman and Director and Ron Frisby, Sales Director both retired from the business at the end of 2012.

We trust that you will view the news as a positive step however, if you have any concerns or simply wish to discuss the
matter in further detail, please do not hesitate to contact ourselves.