Timetable

Date	Action/Document
12-24 weeks before admission	Appoint advisers and sign engagement letters Agree timetable to admission Commence drafting of accountants reports Commence legal due diligence
6-12 weeks before admission	Legal due diligence completed Review and address any problem areas identified Commence drafting admission document Produce first drafts of other required documents
6 weeks before admission	Circulate draft admission document Commence legal verification of admission document
4 weeks before admission	Working capital report circulated Long form accountancy report finalised Revised draft admission document Draft placing agreement circulated All other documents finalised
2 weeks before admission	Pathfinder board meeting Pathfinder admission document published Marketing: PR meetings and roadshow
10 days before admission	10 day information submitted to London Stock Exchange
1 week before admission	Complete and approve all documents Shareholders' meeting (if necessary), pricing and final board meeting Final admission document published Final commitments received from institutions/allocation of offer Placing agreement signed
Admission week	Submit documents to London Stock Exchange Issue placing letters
Admission day	IMPACT DAY Dealings commence on AIM
Admission +1	Payment of flotation proceeds, net of fees and expenses, due to the company