NOTICE OF TRAVEL AGENTS CEASING OR INELIGIBLE FOR CONTINUED TCF PARTICIPATION

DATED: 22 DECEMBER 2011

On 22 December 2011 the Chief Executive Officer of Travel Compensation Fund determined that the following participant locations ceased or were ineligible for continued participation in TCF. The agents are no longer registered with TCF.

NOTE: THERE MAY BE INSTANCES WHERE A SALE OR WITHDRAWAL OR CHANGE OF LEGAL ENTITY SEES THE BUSINESS CONTINUE AT THE SAME LOCATION WITH EITHER THE SAME OR AN ALTERED TRADING NAME.

GLEN WELLS - Chief Executive Officer