From Ifold Estates Ltd.: On Sunday, 6^th December 2015, a letter (dated 29^th November 2015), was hand-delivered to the members of Ifold Estates Ltd. The letter advised that with immediate effect, four Directors of Ifold Estates Ltd. (Albert Marrable, Melvin Rose, Marcus Graves and Claire Berrington) had resigned from the Board and that Ms. Berrington had also resigned her position as the company Administrator. The Directors tendering their resignations did not advise the remaining directors of their intentions prior to taking this precipitate action. Neither did they follow the accepted protocol of formally tendering their resignations at the first available Board meeting. We, the remaining Directors, who continue in office, will not comment upon the inferences in the circulated letter, other than to say the resigning directors have some culpability for the differences in opinion which have arisen over the fundamental issue(s) which led to their joint decision to resign. The remaining Directors will continue to operate the Company and provide the necessary services to the Estate. It is also our intention to do so in a more open and inclusive manner with the members. Peter Hunter, Malcolm Frost, Sarah Butt and Christine Gibson-Pierce