17 Borders & Southern Petroleum plc Annual Report & Accounts 2014 DIRECTOR’S REPORT The Directors present their report and the audited consolidated financial statements for the year ended 31 December 2014. The beneficial and other interests of the Directors and their families in the share capital at the beginning of the year or the date  of their appointment to the Board, whichever is later, and at 31 December 2014, were as follows: DIRECTORS AND THEIR INTERESTS  The ordinary shares in which Harry Dobson is interested are held by the Zila Corporation, a Company owned by the Whitmill  Trust Company Limited, as trustee of The Lotus Trust of which he is a beneficiary. The Group has provided the Directors with qualifying third party indemnity insurance. At 27 March 2015 the following held 3% or more of the nominal value of the Company’s shares carrying voting rights: The Parent Company of the Group, Borders & Southern Petroleum Plc, is a public limited Company and is registered and  domiciled in England. The Group statement of comprehensive income is set out on page 21 and shows the result for the year. The Directors do not recommend the payment of a dividend (2013: $nil). A review of the operations of the Group is contained in the Operations review on pages 10 to 11.  There are no events that have occurred since the year end which require reporting. There were no political or charitable contributions made by the Company or the Group during the year (2013: $nil). CHARITABLE AND POLITICAL DONATIONS POST REPORTING DATE EVENTS REVIEW OF BUSINESS AND FUTURE DEVELOPMENTS  RESULTS AND DIVIDENDS DOMICILE SHARE OPTIONS SUBSTANTIAL SHAREHOLDERS STRATEGIC  REPORT DIRECTORS’  REPORT F INANCIAL  S T ATEMENTS At 31  December  2014  Number At 31 December  2013  Number Harry Dobson 26,670,000 26,670,000 Stephen Posford 27,500,000 27,500,000 Howard Obee 10,000,000 10,000,000 Peter Fleming 2,200,000 2,200,000 Nigel Hurst-Brown 1,530,000 1,530,000 Share options Number of  options held  at the beginning  of the year Number of  options held  at the end  of the year Fair value  of options Exercise  price Vesting  period Howard Obee 1,300,000 1,300,000 24–30 pence 48–58 pence 3 years Peter Fleming Nigel Hurst-Brown 250,000 250,000 32 pence 58 pence 3 years Number of  ordinary shares % of share  capital Landsdowne Partners Limited Partnership 67,613,605 13.97% Allianz Global Investors 42,296,549 8.74% Stephen Posford 27,500,000 5.68% The Capital Research Global Investors 27,293,100 5.64% Zila Corporation 26,670,000 5.51% Ignis Investment Services Limited 23,549,230 4.86% TD Bank Financial Group 20,186,701 4.17% Vestra Wealth  17,793,530 3.68% Barclays Wealth 14,871,327 3.07% M&G Investment Management 14,742,535 3.05% www.bordersandsouthern.com 