Disclaimer

This Micro-site relates to the recommended offer (the "Offer") by MMGG Acquisition PLC ("MMGG") for the entire issued and to be issued share capital of Morson Group PLC ("Morson") announced on 25th May 2012.

THIS SECTION OF THE WEBSITE (THE "MICRO-SITE") CONTAINS ANNOUNCEMENTS, DOCUMENTS AND OTHER INFORMATION PUBLISHED BY MMGG OR MORSON RELATING TO THE OFFER (THE "INFORMATION") IN COMPLIANCE WITH THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). THE INFORMATION IS BEING MADE AVAILABLE IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY, AND AVAILABILITY OF THE INFORMATION IS SUBJECT TO THE TERMS AND CONDITIONS SET OUT BELOW:

Access to Information relating to the Offer

Please read this notice carefully. This notice applies to all persons who view this Micro-site. Depending upon who you are and where you live, it may affect your legal rights. This notice and the Information may be modified or updated from time to time, and should be read carefully each time you revisit this Micro-site.

For regulatory reasons, MMGG has to ensure you are aware of the appropriate regulations for the country which you are in. To allow you to view the Information, you are required to read the following and then, if you are able to agree, press "I agree" below. If you are unable to agree you should press "I disagree" and you will not be able to view the Information.

Non-UK Residents

The Information is not for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so would violate the law of that jurisdiction, and the availability of the Information to shareholders or other persons who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Persons who are not resident in the United Kingdom should inform themselves of, and observe, any applicable regulatory and legal requirements.

If you are not permitted to view the Information on this Micro-site, or viewing the Information would result in a breach of the above, or you are in any doubt as to whether you are permitted to view the Information, please exit this web page by clicking on the "I disagree" box below.

Various contents of this Micro-site have been prepared in accordance with English law and the Code, and, accordingly, the information disclosed may not be the same as that which would have been made available in jurisdictions outside the United Kingdom.

Forward-looking statements

The Information set out herein contains certain forward-looking statements with respect to the financial condition, results of operations and business of MMGG and Morson and certain plans andobjectives of the boards of directors of MMGG and Morson. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "will", "may", "should", "would", "could" or other words of similar meaning. These statements are based on assumptions and assessments made by the boards of directors of MMGG or Morson in the light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty and the factors described in the context of such forward-looking statements could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. In any event, these statements speak only as of the date on which they are made, and, subject to compliance with the Code and applicable law, MMGG does not intend nor undertake any obligation to update or revise any such statement except as required by applicable law or regulation.

Basis of access to Information

Access to the electronic version of any Information relating to the Offer is being made available by MMGG in good faith and for information purposes only. Any person seeking access to the Information on this Micro-site represents and warrants to MMGG that he or she is doing so for information purposes only. Making Information relating to the Offer available in electronic format does not constitute an invitation or offer to sell or the solicitation of an offer to buy, or subscribe for, shares in either MMGG or Morson nor does it constitute an invitation, solicitation or recommendation by MMGG, Morson or any other person to any other person to take any action in relation to the Offer.

If you are in any doubt about the contents of this Micro-site or, where applicable, the action you should take, you should seek your own financial advice from an independent financial adviser authorized under the Financial Services and Markets Act 2000 or, if you are located outside the United Kingdom, from an appropriately authorized independent financial adviser. Any actions or decisions required by Morson's shareholders in connection with the Acquisition should only be made on the basis of the information set out in documents sent to or made available to Morson's shareholders.

Confirmation of understanding and acceptance of disclaimer

I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms. I confirm that I am permitted to proceed to this part of the site.

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