On 9 December 2009, the Board of Desire declared an Open Offer to raise gross proceeds of up to £20.3 million (approximately £19.9 million net of expenses) through the issue of up to 28,971,544 New Ordinary Shares by way of an Open Offer at an issue price of 70 pence per New Ordinary share.

The Open Offer closed at 11.00 a.m. on 11 January 2010. Under the Open Offer, valid applications have been received from Qualifying Shareholders in respect of 48,185,979 Open Offer Shares in aggregate, representing approximately 166.3 per cent. of the Open Offer Shares offered pursuant to the Open Offer.

Valid applications were received from Qualifying Shareholders for a total Basic Entitlement of 23,169,347 Open Offer Shares and all valid applications for Basic Entitlements will be satisfied in full.

Accordingly, 5,802,197 Excess Shares were available for subscription under the Excess Application Facility. Valid applications under the Excess Application Facility have been received in respect of 25,016,632 Excess Shares, representing approximately 431.2 per cent. of the Excess Shares available for subscription.

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