The Resolution Incorporated Approach

Our approach to corporate orphans is clear and pragmatic:

1. Rapid assessment: we quickly evaluate the situation, understanding the urgency

2. Take control: we use simple, standardise deal structures with minimal warranties

3. Stabilise the business: we restructure to create breathing room

4. Unlock long term value: we implement a recovery or growth plan

5. Exit responsibly: if needed, we manage a controlled wind-down

Our deal structures are designed to establish:

1 - Clear ownership - as ensuring our full responsibility is critical to:

• Ensuring we have effective control to take the necessary actions; and

• Managing vendor reputational risk

2 - Clear funding - since it is important to ensure there are no failures immediately following a transfer of control, we always need to ensure adequate funding is in place as part of transaction to enable take on / transformation / restructuring as required; and a

3 - Clear Offer - so current owners know what we bring to transactions:

• An experienced team and known service providers

• An established operational play book

• A built in buy back option so if a disposal is due to stress / distress, the vendor has an option to reacquire once fixed; and

• A built in anti-embarrassment provisions so the vendor has a share of any upside in the event of a successful early exit