Project Bill finnCap

The Stanley Gibbons Group Pic (“the Company”) Subscription and Waiver of obligations under Rule 9 of the Takeover Code

We refer to the Circular to be issued by the Company, to be dated 27 February 2018. We consent to the inclusion of our name and references to it in the form and context in which it is included in the Circular. We confirm that we consider finnCap is independent of Phoenix UK Fund (“Phoenix”) and that finnCap has no commercial relationship with Phoenix…