Weekly Progress Report

We continue to act in relation to the Croyde Bay owners' matter and the issues under discussion with Slee Blackwell. Correspondence dated 23 July 2026 has been received from Slee Blackwell and requires a clear assessment and response strategy. At the end of this reporting period, the owners require clarification of: (1) the current legal and negotiating position; (2) the definitive list of owners represented or otherwise affected; (3) the arrangements for owners to upload or provide relevant documents; and (4) the costs incurred, commitments made and retainer remaining. Our present assessment of the 23 July correspondence, including the points accepted, disputed or requiring further evidence, is: [Elysium to complete].

During this reporting period, correspondence dated 23 July 2026 was received from Slee Blackwell and circulated or made available for consideration. The material change arising from that correspondence is: [Elysium to summarise in plain English]. Work undertaken by us during the period, and the result achieved by each item of work, was as follows: [Elysium to list concise dated items]. The document-upload link previously indicated by Richard Gray has: [been issued / not yet been issued / been replaced by another process — Elysium to confirm]. Progress made in establishing and verifying the definitive Croyde Bay owner list was: [Elysium to complete].

The following decisions, instructions or confirmations are presently required. 1. Elysium to confirm its recommended response, if any, to the Slee Blackwell letter dated 23 July 2026, including the intended outcome and deadline. 2. Elysium to identify any instruction required from Paul Brianboys or the wider owners before further chargeable correspondence or substantive work is undertaken. 3. The owners to confirm whether they authorise any proposed next correspondence after being advised of its purpose, likely benefit and forecast cost. 4. Elysium to confirm who is responsible for maintaining the definitive owner list and what information may appropriately be shared with the group. 5. Elysium to confirm the approved method and link, if applicable, for owners to upload relevant documents. Any further decision required from a named individual, together with its deadline and consequence of delay, should be added here by Elysium.

Subject to the owners' instructions and confirmation of the available budget, we propose to: 1. provide a concise assessment of the Slee Blackwell correspondence dated 23 July 2026; 2. explain whether a response is required and, if so, identify its specific purpose and intended result before drafting or sending it; 3. confirm the definitive or best-current owner list and explain any remaining uncertainty; 4. issue or confirm the secure process through which owners may provide documents; 5. provide the financial information requested in this report; and 6. identify any evidence or action required from individual owners, with named responsibility and target dates. Expected position by the next report: the owners should have a clear statement of the current position, the purpose and cost of any proposed next legal step, access to the agreed document process, and an updated financial position.

Fees and disbursements incurred during this reporting period: [Elysium to provide]. Work completed but not yet invoiced: [Elysium to provide]. Cumulative fees and disbursements charged to date: [Elysium to provide]. Retainer or authorised funds remaining: [Elysium to provide]. Financial commitments already made but not yet billed: [Elysium to provide]. Forecast cost of the next steps described in this report: [Elysium to provide]. Date by which further authority or funding may be required: [Elysium to provide, or state that none is presently expected]. No additional substantive or chargeable work is authorised merely by completion or circulation of this report; any further authority remains subject to the existing engagement arrangements and the owners' instructions.

1. Slee Blackwell correspondence dated 23 July 2026 — Elysium to provide the document reference or controlled-access link and summarise any response deadline. 2. Recent Elysium correspondence to Slee Blackwell — Elysium to list dates, purposes, results and controlled-access links where appropriate. 3. Proposed document-upload facility for Croyde Bay owners — Elysium to provide the confirmed link or explain the replacement process. 4. Current Croyde Bay owner list — Elysium to identify the responsible custodian, version date and appropriate access level. 5. Any other material correspondence or document created, received or relied upon during the reporting period — Elysium to add concise references.

This is an illustrative draft prepared from matters raised in recent owners' communications. It has not been prepared, verified, adopted or approved by Elysium and must not be represented as Elysium's report unless an authorised Elysium representative reviews, corrects and publishes it. Bracketed completion points identify information that is not available to the draft author and must be supplied by Elysium. The report is intended to replace fragmented progress updates with a concise account of the current position, material progress, instructions required, next steps and financial position. Confidential, personal, privileged or litigation-sensitive information should be included only within access controls approved by Elysium...