As the collective staff of Breathe Financial,

To update you with information concerning the announcement on the 23rd of May that the Financial Markets Authority and the Serious Fraud office are currently investigating Breathe's executive director Barry Kloogh.

We are shocked by yesterday's developments and are effectively suspended from our employment, without pay.

Obviously, that will impact us all.

However, we collectively believe that Breathe's clients deserve our best professional efforts and we want to communicate as much information as we currently possess, to better inform you. As we understand it, the SFO is investigating all aspects of Barry Kloogh's commercial activities, but particularly his investment activities.

This investigation effectively 'freezes' Breathe's financial and investment services, until it is concluded.

None of us are personally involved in the investment side of Breathe - that has been Barry Kloogh's sole responsibility.

We have no information at this time as to those investments.

We have enjoyed working with and for you.

We deeply regret the current circumstances.

We intend to stand with you in the weeks ahead.

Kind reagrds,
The Staff at Breathe