Prezzo plc (Prezzo) is engaged in the operation of restaurants. The Company�s trading brand Prezzo offers a menu with a variety of pizza, pasta, salad and grill dishes with an Italian flavour. As of January 1, 2012, there were 184 restaurants in the Company's estate. During the year ended December 31, 2011, Prezzo opened 27 restaurants and closed two restaurants. The Company�s menus include starters, bread and olives, starters to share, pizza, chefs� pizzas, calzone, grills, pasta, filled pastas, al forno, risotti, salads, and side. During 2011, in its estate, 12 refurbishment projects were completed. On December 16, 2011, the Company purchased three leasehold sites from Caffe Uno Brasseries Limited. On March 30, 2011, Prezzo purchased six leasehold sites from Caffe Uno Brasseries Limited.