This document compares two plans for the future of Dunfermline Athletic FC: the The Pars Community (TPC) Plan and the Gavin Masterton Plan. [1] The TPC Plan seeks £250,000 from supporters and aims to address both immediate and long-term financial problems, reducing debt by £5.65 million and keeping control and ownership with supporters. [2] In contrast, the Gavin Masterton Plan seeks up to £500,000 but only deals with short-term issues, would give Masterton at least 75% ownership and control of the club board, and reduces debt by a maximum of £500,000. [3] The document analyzes both plans across multiple criteria

1. A secure long-term future
in our own hands
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2. THE SIGNIFICANT DIFFERENCES BETWEEN THE TPC PLAN FOR
THE FUTURE OF THE CLUB AND THE GAVIN MASTERTON PLAN
WHAT THE PARS COMMUNITY PLAN* AND THE GAVIN
MASTERTON PLAN* COULD MEAN FOR SUPPORTERS
OF DUNFERMLINE ATHLETIC FC AND FOR THE FUTURE
FINANCIAL STABILITY OF THE CLUB
TPC PLAN GM PLAN
Investment sought from ordinary supporters £250,000 Up to £500,000
No – Even if £500,000 is
raised from fans, the plan
only deals with the club’s
Is the plan designed to address the club’s immediate immediate financial needs
Yes
and long term financial problems? through to the end of
this season. The plan
gives no assurance
beyond that time.
Percentage of the club owned by Gavin Masterton
after the investment 10% At least 75%
Club still owned and controlled by Gavin Masterton
and his allies after the investment No Yes
Composition of the Board controlled by Gavin Masterton No Yes
Maximum amount of long term debt and debt due to Gavin
Masterton owned companies to be written off at the time £5,650,000 £500,000
of the investment
Payment arrangements for short term creditors agreed
at the time of the investment Fixed and Certain Uncertain
Players and staff paid on time and in full Yes Uncertain
Threat of winding-up orders being served by existing Significantly
creditors Limited Change
Reduced
Does the plan include restructuring the £12.2m stadium
loan from Lloyds Bank? Yes No
Will East End Park remain the long-term home of the club? Yes Uncertain
Exposure of the club to continued financial difficulties
in other Gavin Masterton companies or interests None Significant
following the investment
Anticipated Supporters Direct attitude to plan Entirely consistent
Unknown
with SD Mission
Detailed financial budgets prepared by senior in-house No Finance Director
team with extensive financial experience Yes
since October 2012
Additional highly experienced senior management
available to the club after the investment Yes Unknown
Ability of Gavin Masterton to influence the decisions
Very significant as
of the Board and the day to day running of the club Zero
controlling shareholder
after the investment
*The information set out above is based on TPC’s multi-point fan ownership proposal, the latest audited accounts of Dunfermline Athletic Football Club
Limited and TPC’s understanding, from public information, of the Gavin Masterton plan. No assurances can be given regarding the final Gavin Masterton
plan. The TPC plan is subject to all necessary due diligence and is subject to contract.