Paragraph 11

To sell, lease, exchange, let on hire, or dispose of any real or personal property or the undertaking of the Company, or any part of it, for such consideration as the directors approve, and, in particular, for shares whether fully or partly paid up, debentures or securities of any other company, whether or not having objects altogether or in part similar to those of the Company, to hold and retain any shares, debentures or securities so acquired, and to improve, manage, develop, sell, exchange, lease, mortgage, dispose of, grant options over or turn to account or otherwise deal with all or any part of the property or rights of the Company.