Persons with 20,000 Shares will be issued with

Silver Passes

New Shareholders who purchase 20,000 Shares (£2,000) or existing Shareholders who increase their holding to 20,000 Shares will be entitled to two free Travel Warrants (which allows for 2 free return journeys) for use during the Company’s Red, Green, Blue or Yellow Timetables plus a 10% discount voucher on purchases through the retail shop in Minehead either in person or by Mail Order plus vouchers for use in the Turntable Café (MD) and on train buffets together with a Silver Pass which will enable the named person(s) to travel free for life on any Company Timetabled Train including Galas. This Pass is not valid on Value Added Events or the Taunton Bus Link. You will also be able to take one additional person free if they travel with the Pass Holder(s). Silver Pass Holders also receive notice of the Company Annual General Meeting and the Annual Report.