Doric Nimrod Air One Limited - DORIC NIMROD AIR TWO LIMITED

The SFM
The SFM is an EU regulated market. Pursuant to its admission to the SFM, the Company will
be subject to the Prospectus Rules, the Transparency Rules and the Market Abuse Directive
(as implemented in the UK through the Financial Services and Markets Act 2000, as
amended). In accordance with SFM admission criteria this Prospectus has been approved by
the UK Listing Authority.
Scaling back and allocation
In the event that commitments under the Placing were to exceed 39,625,000 Shares, it would
be necessary to scale back applications under the Placing. The Placing Agent reserves the
right, at its sole discretion, but after consultation with the Company, to scale back applications
on such basis and in such amounts as it considers appropriate. The Company reserves the
right to decline in whole or in part any application for Shares pursuant to the Placing.
Accordingly, applicants for Shares may, in certain circumstances, not be allotted the number
of Shares for which they have applied.
The Company will notify investors of the number of Shares in respect of which their
application has been successful and the results of the Placing will be announced by the
Company on or around 13 December 2010 through a regulatory information service.
Subscription monies received in respect of unsuccessful applications (or to the extent scaled
back) will be returned without interest at the risk of the applicant to the bank account from
which the money was received.
General
The Directors may in their absolute discretion waive the minimum application requirements
in respect of any particular application under the Placing. Multiple subscriptions from
individual subscribers will not be accepted.
All applications for Shares at the Issue Price will be payable in full in cash. No commissions
will be paid by the Company to any applicants under the Placing. Definitive certificates in
respect of Shares in certificated form will be dispatched by post in the week commencing
2010. Temporary documents of title will not be issued.
Pursuant to anti-money laundering laws and regulations with which the Company must
comply in the UK and/or Guernsey, the Company and its agents will require evidence in
connection with any application for Shares, including further identification of the applicant(s),
before any Shares are issued.
CREST
Shares will be issued in registered form and may be held in either certificated or
uncertificated form and settled through CREST. Shares issued pursuant to the Placing will be
transferred to successful applicants through the CREST system.
It is expected that the Company will arrange for Euroclear to be instructed on 13 December
2010 to credit the appropriate CREST accounts of the subscribers concerned or their
nominees with their respective entitlements to Shares. The names of subscribers or their
nominees investing through their CREST accounts will be entered directly on to the share
register of the Company.
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