Directors Report 1

Report of the directors for the year ended 31 December 2012

The directors present their annual report and financial statement of the company for the year ended 31 December 2012.0
The company has not traded during the financial period
The directors of the company during the financial period were
David Stuart Lumsden Michael Kent
Louise Alison Clare Blackwell Christina Bridget Ryan Resigned on 15 February 2013 Resigned on 07 March 2013
Appointed on 15 February 2013 Appointed on 07 March 2013

The directors hold no interest in the issued share capital of the company The interests of the directors in the share capital of BT Group Plc the company's ultimate parent company are disclosed in the financial statements of that company

By order of the Board
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1.0
GRANITE & COMFREY LIMITED

Directors Report 2

Report of the directors for the year ended 31 December 2011

The directors present their annual report and financial statement of the company for the year ended 31 December 2011.0
The company has not traded during the financial period
The directors of the company during the financial period were David Stuart Lumsden, Michael Kent Derek Sturdy (resigned 31 March 2012)
The directors hold no interest in the issued share capital of the company The interests of the directors in the share capital of Mot Group plc, the company's ultimate parent company, are disclosed in the financial statements of that company

By order of the Board

IVIWB Kent Secretary

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GRANITE & COMFREY LIMITED

Directors Report 3

Report of the directors for the year ended 31 December 2010

The directors present their annual report and financial statement of the company for the year ended 31 December 2010.0
The company has not traded during the financial period
The directors of the company during the financial period were David Stuart Lumsden, Derek Sturdy and Michael Kent 1 1.0
The directors hold no interest in the issued share capital of the company The interests of the directors in the share capital of Tikit Group plc, the company's ultimate parent company, are disclosed in the financial statements of that company

By order of the Board ,2

MWB Kent Secretary 1.0

GRANITE & COMFREY LIMITED

Directors Report 4

Report of the directors for the year ended 31 December 2009

The directors present their annual report and financial statement of the company for the year ended 31 December 2009.0
The company has not traded during the financial period
The directors of the company during the financial period were David Stuart Lumsden, Derek Sturdy and Michael Kent
The directors hold no interest in the issued share capital of the company The interests of the directors in the share capital of Tikit Group plc, the company's ultimate parent company, are disclosed in the financial statements of that company

By order of the Board

("e MWB Kent
Secretary

I

GRANITE & COMFREY LIMITED

Directors Report 5

Report of the directors for the year ended 31 December 2008

The directors present their annual report and financial statement of the company for the year ended 31 December 2008.
The company has not traded during the financial period.
The directors of the company during the financial period were David Stuart Lumsden, Derek Sturdy and Michael Kent.
The directors hold no interest in the issued share capital of the company. The interests of the directors in the share capital of Tikit Group plc, the company's ultimate parent company, are disclosed in the financial statements of that company.

By order of the Board

1.0

MWB Kent
Secretary
OCIeD Coe- 0/01
GRANITE & COMFREY LIMITED

Directors Report 6

Report of the directors for the year ended 31 December 2007

The directors present their annual report and financial statement of the company for the year ended 31 December 2007.0
The company has not traded during the financial period
The directors of the company during the financial period were David Stuart Lumsden, Derek Sturdy and Paul Giuffredi
The directors hold no interest in the issued share capital of the company The interests of the directors in the share capital of Tikit Group plc, the company's ultimate parent company, are disclosed in the financial statements of that company

By order of the Board

Secretary
2008-05-15 00:00:00

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GRANITE & COMFREY LIMITED

Directors Report 7

Report of the directors for the year ended 31 December 2005

The directors present their annual report and financial statement of the company for the year ended 31 December 2005.
The company has not traded during the financial period.
The directors of the company during the financial period were David Stuart Lumsden, Derek Sturdy and Anthony Pearson.
The directors hold no interest in the issued share capital of the company. The interests of the directors in the share capital of Tikit Group plc, the company's ultimate parent company, are disclosed in the financial statements of that company.

By order of the Board

Ic Secretary
2007-01-01 00:00:00

GRANITE & COMFREY LIMITED

Directors Report 8

Report of the directors for the year ended 31 December 2004

The directors present their annual report and financial statement of the company for the year ended 31 December 2004.
The company has not traded during the financial period.
The directors of the company during the Financial period were David Stuart Lumsden, Derek Sturdy, Dominic Beesley (resigned 27 February 2004) and Anthony Pearson.
The directors hold no interest in the issued share capital of the company. The interests of the directors in the share capital of Tikit Group plc, the company's ultimate parent company, are disclosed in the financial statements of that company.

By order of the Board IT] eat-a..,.. Secretary
2005-04-01 00:00:00

Directors Report 9

Report of the directors for the year ended 31 December 2003

The directors present their report together with the audited financial statements for the year ended 31 December 2003.

Results and dividends
The profit and loss account is set out on page 5. The company ceased to trade on 31 December 2002 and transferred its assets, liabilities and business to Tikit Ltd, a fellow subsidiary of Tikit Group plc.
A dividend of ?8,643 was paid to the parent company, Tikit Group plc (2002 -

Principal activities
The company was dormant during the year.

Directors
The directors of the company during the year were:
D Lumsden D Sturdy D Beesley A Pearson
The directors do not own shares in the company at 31 December 2003 (2002 ? Nil).
D Lumsden and A Pearson are directors of the holding company Tikit Group plc. Their interests in the share capital of that company, are shown in that company's accounts.
The other directors' interests in the share capital of Tikit Group plc are as follows:
Options on Ordinary shares ordinary shares of 10p each of 10p each Sheet1 1.0 Granite & Comfrey Limited
Report of the directors for the year ended 31 December 2003 (Continued)

Directors' responsibilities
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year. In preparing those financial statements, the directors are required to:
?select suitable accounting policies and then apply them consistently;
?make judgements and estimates that are reasonable and prudent; and
?prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditors
On 31 December 2003, BDO Stoy Hayward, the company's auditors, transferred its business to BDO Stoy Hayward LLP, a limited liability partnership incorporated under the Limited Liability Partnership Act 2000. Accordingly BDO Stoy Hayward resigned as auditors on that date and the directors appointed BDO Stoy Hayward LLP as its successor. A resolution to reappoint BDO Stoy Hayward LLP as auditors will be proposed at the next Annual General Meeting.
/9 h of the Board tetitn?., A Pearson

Director

2004-03-16 00:00:00

2.0 Granite & Comfrey Limited
Report of the independent auditors

To the shareholders of Granite & Comfrey Limited

We have audited the financial statements of Granite & Comfrey Limited for the year ended 31 December 2003 on pages 5 to 12 which have been prepared under the accounting policies set out on page 7.
Respective responsibilities of directors and auditors
The directors' responsibilities for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Statement of Directors' Responsibilities.
Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and United Kingdom Auditing Standards.
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Companies Act 1985. We also report to you if, in our opinion, the Directors' Report is not consistent with the financial statements, if the company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding directors' remuneration and transactions with the company is not disclosed.
We read the Directors' Report and consider the implications for our report if we become aware of any apparent misstatements within it.
Our report has been prepared pursuant to the requirements of the Companies Act 1985 and for no other purpose. No person is entitled to rely on this report unless such a person is a person entitled to rely upon this report by virtue of and for the purpose of the Companies Act 1985 or has been expressly authorised to do so by our prior written consent. Save as above, we do not accept responsibility for this report to any other person or for any other purpose and we hereby expressly disclaim any and all such liability.
Basis of audit opinion
We conducted our audit in accordance with United Kingdom Auditing Standards issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements, and of whether the accounting policies are appropriate to the company's circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

3.0 Granite & Comfrey Limited
Report of the independent auditors (Continued)

Opinion
In our opinion the financial statements give a true and fair view of the state of the company's affairs as at 31 December 2003 and of its loss for the year then ended and have been properly prepared in accordance with the Companies Act 1985.

Ls&
BOO STOY HAYWARD LLP Chartered Accountants and Registered Auditors London

2004-03-16 00:00:00

4.0 Granite & Comfrey Limited
Profit and loss account for the year ended 31 December 2003
Sheet2

The company ceased to trade on 31 December 2002. All recognised gains and losses are included in the profit and loss account. The (loss)/profit for the year represents the movement in shareholders' funds

The notes on pages 7 to 12 form part of these financial statements.

5.0 Granite & Comfrey Limited

Directors Report 10

Report of the directors for the period ended 31 December 2002

The directors present their report together with the audited financial statements for the 9 months ended 31 December 2002.

Results and dividends
The profit and loss account is set out on page 5 and shows the profit for the period.
No dividends (31 March 2002 - ENil) were declared or paid during the period.

Principal activities
The company's principal activity during the period was the provision and maintenance of information technology products and solutions.

Directors
The directors of the company during the period were:
D Lumsden (appointed 27 August 2002) D Sturdy D Beesley A Pearson (appointed 27 August 2002)
The directors do not own shares in the company at 31 December 2002 (31 March 2002 ? D Sturdy 5,000 ordinary shares of 10p each and D Beesley 3,000 ordinary shares of 10p each). Treuco Establishment is the registered holder of Nil (31 March 2002 - 80,000) ordinary shares in the company. D Sturdy is a discretionary beneficiary of this trust.
D Lumsden and A Pearson are directors of the holding company Tikit Group plc. Their interests in the share capital of that company, are shown in that company's accounts.
The other directors' interests in the share capital of Mit Group plc are as follows:

Ordinary shares of 10p each 31 December 31 March 2002 2002 Options on ordinary shares of 10p each 31 December 31 March 2002 2002
D Sturdy 6,500 10,000 D Beesley 3,930 10,000

Research and development
All expenditure incurred in respect of research and development has been charged against profit in accordance with the company's stated accounting policy.

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GRANITE & COMFREY LIMITED
Report of the directors for the period ended 31 December 2002 (Continued)

Directors' responsibilities
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to:
?select suitable accounting policies and then apply them consistently;
?make judgements and estimates that are reasonable and prudent; and
?prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditors
BDO Stoy Hayward have expressed their willingness to continue in office and a resolution to re-appoint them will be proposed at the annual general meeting.

r On bg of the Board an?-. A earson

Director

2003-03-19 00:00:00

2.0
GRANITE & COMFREY LIMITED Report of the independent auditors

To the shareholders of Granite & Comfrey Limited

We have audited the financial statements of Granite & Comfrey Limited for the period ended 31 December 2002 on pages 5 to 12 which have been prepared under the accounting policies set out on page 7.
Respective responsibilities of directors and auditors
The directors' responsibilities for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Statement of Directors' Responsibilities.
Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and United Kingdom Auditing Standards.
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Companies Act 1985. We also report to you if, in our opinion, the Directors' Report is not consistent with the financial statements, if the company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding directors' remuneration and transactions with the company is not disclosed.
We read the Directors' Report and consider the implications for our report if we become aware of any apparent misstatements within it.
Our report has been prepared pursuant to the requirements of the Companies Act 1985 and for no other purpose. No person is entitled to rely on this report unless such a person is a person entitled to rely upon this report by virtue of and for the purpose of the Companies Act 1985 or has been expressly authorised to do so by our prior written consent. Save as above, we do not accept responsibility for this report to any other person or for any other purpose and we hereby expressly disclaim any and all such liability.
Basis of audit opinion
We conducted our audit in accordance with United Kingdom Auditing Standards issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements, and of whether the accounting policies are appropriate to the company's circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

3.0 GRANITE & COMFREY LIMITED
Report of the independent auditors (Continued)

Opinion
In our opinion the financial statements give a true and fair view of the state of the company's affairs as at 31 December 2002 and of its profit for the period then ended and have been properly prepared in accordance with the Companies Act 1985.

BDO STOY HAYWARD Chartered Accountants and Registered Auditors London

2003-03-19 00:00:00

4.0 GRANITE & COMFREY LIMITED
Profit and loss account for the period ended 31 December 2002
Sheet1

All amounts relate to continuing activities. All recognised gains and losses are included in the profit and loss account. The profit for the period represents the movement in shareholders' funds

The notes on pages 7 to 12 form part of these financial statements.

5.0
GRANITE & COMEREY LIMITED