Tamarisk Limited issued 120,000 £19 par value, cumulative

| April 14, 2018

Tamarisk Limited issued 120,000 £19 par value, cumulative, 7% preference shares on January 1, 2015, for £2,585,900. In December 2017, Tamarisk declared its first dividend of £841,300.If the preference shares are not cumulative, how much of the £841,300 would be paid to ordinary shareholdersIf the preference shares are cumulative, how much of the £841,300 would be paid to ordinary shareholders?

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