A Statement from 'The Chairman'

A Statement from 'The Chairman' From humble beginnings in Ratby, Leicester, in 1976, BGB as a company has continually developed to employ currently some 110 people with an annual international turnover of around £25 Million. This success has been achieved under the leadership of David T. Holt, supported initially by Geraldine and David Gilbert, and in the last 15 years by David R. Holt. Family companies have many advantages over larger companies, but also very different issues to overcome. The challenge of succession and the potential retirement of The Founder and primary driving force, key. From the very start it has been the wish of David and Geraldine that their son should have the opportunity to continually develop and take forward a thriving business. To this end, David R. Holt has been working in the business, building up his knowledge and experience and in turn has contributed significantly to the company’s growth. The board has been exceptionally pleased to see his development and his commitment to the company. This places him in a strong position to take the company forward into the future, particularly on an international footing. In recognition of this, The Board has decided that the time is right for formal changes to be made, effective as from 1st September 2012: - David T. Holt will take on the role of Chairman David R, Holt will become Managing Director David Gilbert will continue as Works Director Geraldine Holt will continue as Company Secretary In conclusion, we believe that the all changes mentioned will be of enormous benefit to the Company. Both in terms of securing quality management for the foreseeable future and in enabling The Board to function more effectively. David T. Holt Chairman