Stranger : 2017 Stranger Holdings Plc – Signed accounts

Company Registration No. 09829720 (England and Wales)

STRANGER HOLDINGS PLC

DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2017

COMPANY INFORMATION

Directors

Company number Company Secretary

Registered Office

Auditors

Registrar

Financial Adviser and broker

Legal Adviser to the Company

James Longley Charles Tatnall

09837001

James Longley

Anchor House, 4 Durham Street, Vauxhall , London, England

SE11 5JA

27-28 Eastcastle Street, London

W1W 8DH

Jeffreys Henry LLP Finsgate

5-7 Cranwood Street London

EC1V 9EE

Share Registrars Ltd The Courtyard,

17 West Street Farnham Surrey

GU9 7DR

Alfred Henry Corporate Finance Limited Finsgate

5-7 Cranwood Street London

EC1V 9EE

DMH Stallard LLP

6 New Street Square London

EC4A 3BF

Strategic review report 3

Directors' report 5

Directors' remuneration report 7

Corporate governance report 8

Independent auditors' report 9

Statement of comprehensive income 11

Statement of financial position 12

Statement of cash flows 13

Statement of changes in equity 14

Notes to the financial statements 15

2

STRATEGIC REPORT FOR THE PERIOD ENDED 31 MARCH 2017 Principal activity and fair review of the business

For the period from incorporation on 22 October 2015 to 31 March 2017, the Company's results included the running costs of the Company and listing fees on the London Stock Exchange standard segment.

During the period, the Company raised £1 ,007,700 (gross) in equity and on 13th January 2017 had successfully listed its entire share capital onto the London Stock Exchange.

Following completion of an acquisition, the objective of the Company will be to operate the acquired business and implement an operating strategy with a view to generating value for its shareholders through operational improvements as well as potentially through additional complementary acquisitions following the acquisition.

Key performance indicators

There are no key performance indicators for this period as the company did not commence its investment activity.

Principal risks and uncertainties

1. Business strategy

   The Company is a newly formed entity with no operating history and has not yet identified any potential target company or business for the acquisition.

   The Company may acquire either less than whole voting control of. or less than a controlling equity interest in, a target, which may limit its operational strategies.

   The Company may be unable to complete the Acquisition in a timely manner or at all or to fund the operations of the target business if it does not obtain additional funding following completion of the acquisition.

2. Liquidity Risk

The Directors have reviewed the working capital requirements and believe that there is sufficient working capital to fund the business.

Future developments and acquisition strategy

The Company will be seeking to acquire a company or asset within the industrial and services sector, with a view to implementing an operational improvement strategy that will generate significant value for its shareholders.

While the Company does not currently have any acquisition under formal consideration , it expects that it will target those in the range of £1 million-£10 million. Subsequent to its initial acquisition, the Company may explore the potential for further acquisitions within related industries in order to provide finance and operational leverage.

3