Further update re proposed Share Issue

Positive feedback from a number of fans

In response to some of today's newspaper articles - DAFC would like to clarify a number of issues.

DAFC's proposed share issue was planned to launch on Wednesday, having been cleared by our agents to ensure total compliance and final verifications.

DAFC and their financial advisors have, however, been left bewildered on receipt of a letter from the FSA on the day before they were due to go ahead with the launch,stating that they (FSA) had received intelligence from an unnamed source that the Share issue may be non compliant.

A spokesperson for the Club commented:-

"The Share issue has been produced for us by a highly reputable Financial Services company, we were at the final stages of the verification process when the letter came in - we are uncertain as to how and why this has come about - as the final document had not been released to any source for review and had only been seen by a few DAFC Officials, professional advisors, and our financial services company's compliance team ( previous employees of FSA well versed in all compliance issues) and all were happy that DAFC's proposed Share issue document was fully compliant.Our fans can be assured that the Share issue will meet all the strict criteria required.At this time we fully expect the finalised prospectus to be published shortly. "

Contrary to The Pars Community (TPC) comments requiring answers, DAFC are still waiting on TPC's replies to advise of who their members actually are, together with key financial questions, put to TPC on 12/2/13. To date no answers from TPC have been forthcoming.

DAFC requested a meeting with TPC on 12/2/13 which they declined, and subsequently responded, without answering any of DAFC queries, stating that they would like a short "time-out".

DAFC remain one of the few clubs in Scotland with NO bank debt, operating with NO overdraft, and the only long term "debts" being those to past and present directors - the largest debt being due to Gavin Masterton himself.

DAFC believe the sole purpose of this release is to de-stabilise and detract from the forthcoming Share Issue, and to cause DAFC damage. The DAFC Share Issue will give fans the opportunity to acquire up to 25% of shares, with three seats on DAFC's Board.

DAFC held an initial meeting with a select group of supporters on Wednesday evening, who were all extremely positive in their response to the proposed share issue, and a number of verbal commitments for substantial amounts have already been received.