1. Press Announcement on behalf of The Pars Community
For Immediate Release (19 February 2013)
THE PARS COMMUNITY: A SECURE LONG TERM FUTURE IN OUR OWN HANDS
Questions for the Current Owner
The Pars Community has written today to the current owner of Dunfermline Athletic in the following
terms:
‘Dear Mr Masterton
In our letter to you of 14 February 2013, we indicated that we were not prepared to meet
with you while you were making unsubstantiated and unwarranted legal threats against
The Pars Community. We have not heard further from you regarding the resumption of
talks between us and we now understand, from reading the club’s official website that
you intend to launch a share issue tomorrow.
We had hoped that you would withdraw your threats and that a productive meeting with
you would take place. It was our intention at such a meeting to present a detailed multi-
point proposal, involving an investment from us together with a significant restructuring
of the club’s balance sheet, which we believe could have delivered a secure future for the
club, and might have been of interest to you and all other stakeholders.
It is a pity that you have chosen to ignore us and press ahead regardless with a share
issue, which at best may provide some short term respite from the current financial
plight of the club.
Nevertheless, as a prospective investor in the club there are a number of matters related
to the proposed share issue and the club’s current financial position on which we would
seek your immediate reassurance and response:
1. Will you be obtaining and publishing the endorsement of Supporters Direct for the
share issue?
2. If not, why not?
3. Will the share issue be underwritten?
4. If so, by whom, and to what extent?
5. Will you personally guarantee all sums invested by supporters in the share issue?

2. 6. How much money do you need to raise in the share issue to reduce the existing
creditors of Dunfermline Athletic Football Club Limited (‘DAFCL’) to an acceptable level?
7. Will you publish independently verified updates on a daily basis of the number and
value of applications received for shares so that there is complete transparency in the
share issue process?
8. Will the audited accounts of Charlestown Holdings Limited and DAFCL for the year
ended 31 May 2012 each contain an unqualified audit opinion without reference to a
Going Concern Emphasis of Matter?
The Pars Community will be delaying its decision whether or not to invest in the share
issue pending receipt of your reply to the above points. We may have additional
questions once the share issue documentation is published.
Yours sincerely,
The Pars Community
www.thepars1885.org’
The Pars Community believed that by working in partnership with all interested parties to create
both short and long-term stability, our vision for the club could be realised in the future and that
Dunfermline Athletic would become a premier, sustainable and entertaining football club, playing
with passion, skill and integrity, and having its roots proudly embedded in its communities. It is a real
disappointment that the current owner has chosen not to engage more fully with The Pars
Community to help us all realise this vision, and at the same time address the club’s immediate
financial plight.
We remain absolutely delighted with the reaction to our presentation at the Vine Church,
Dunfermline on 13th February. We are also heartened by the number of people joining us via our
web-site at www.thepars1885.org .
Whilst The Pars Community is not able to endorse the share issue at present, we recognise that in
due course, it will be up to each individual to make their own investment decision.
We strongly urge all supporters to take independent professional advice, and to consider all
relevant information prior to making a decision whether or not to invest in the share issue.
****** ENDS ******
For further information, please contact Sam McEwan, McEwan Partners
E: s.mcewan@mcewan-partners.co.uk
D: 0131 220 6829
O: 0131 220 6779
F: 0131 226 7366
M: 0785 090 5702