investment statement for - Pumpkin Patch investor relations

fashion created for kidsnotes1. The information on page 48 is stated as at 7 April 2004 and, as such,precedes (and so does not take account of):(i) the 100:1 share split to be carried out prior to listing;(ii) the re-designation, immediately prior to listing, of all Shares asordinary shares (ranking equally as to dividends and votingrights). Currently, the Shares are all Class A shares (which conferfull dividend and voting rights), except those held by the trusteesof the various employee share schemes which are acombination of Class B and Class C shares (and which typicallydo not confer voting rights and contain restrictions on theirtransferability and, in respect of the Class C shares, do not conferdividend rights);(iii) certain share transfers to occur between the shareholders asdescribed on page 50.(iv)the share repurchases to be carried out immediately followinglisting in accordance with the Repurchase Agreements, asdescribed in more detail on page 50;(v) the issue of shares to PPNL as the trustee of the DF7 scheme (tobe carried out on listing, as described in more detail on page52); and(vi)allocation of options under the Option Offer (to be carried outprior to listing, as described in more detail on page 54).2. The information on page 48 does not refer to the shares held by thetrustees of the various Pumpkin Patch employee share schemes assuch shares do not confer voting rights and so are not votingsecurities of Pumpkin Patch. As described further in Note 1(b)above, however, such shares will immediately prior to listing be redesignatedas ordinary shares, carrying full voting rights.49