Gl.

gl is an investment holding company with principal investments in hotel management & operations, gaming, oil & gas, property development and other areas in the leisure industry. Hotels The Company owns/leases and/or manages and operates properties under its hotel management company glh. glh has recently launched the Clermont, Amba Hotels and Every brands into the Hotel Sector with Thistle as a long established group of full service hotels in London and regional locations in the UK. Gaming gl Ltd is involved in the gaming industry in the UK through its wholly-owned subsidiary, Clermont Leisure (UK) Limited (Clermont). Clermont owns and operates The Clermont Club (TCC), an exclusive members-only casino in Mayfair, London. Oil & Gas The Company receives royalties from the Bass Strait Oil Trust (BSOT) which is a unit trust managed by Bass Strait Oil Management Limited, a wholly-owned subsidiary of the Group in Australia, by virtue of BSOT’s 55.11% entitlement to the Weeks Royalty. The Weeks Royalty refers to a 2.5% overriding royalty relating to all hydrocarbons produced by BHP Billiton Limited (formerly known as The Broken Hill Proprietary Company Limited) (BHP) from designated areas in the Bass Strait, Australia, granted by BHP. Production is currently undertaken in those designated areas by BHP and Esso Australia Resources Pty Ltd (Esso). Property Development The Company is involved in property, ranching and sustainable development through its wholly-owned subsidiaries, Molokai Properties Limited (Molokai Properties) and Tabua Investments Limited (Tabua Investments). Molokai Properties is working with various parties who are exploring development opportunities such as renewable energy projects on its property.