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Key Financial Information






PLACING STATISTICS - July 2004

Placing Price per Ordinary Share 30p
Number of new Ordinary Shares being placed by the Company 7,333,400
Number of Ordinary Shares in issue immediately following Admission 34,767,800
Percentage of Enlarged Share Capital attributable to the Placing 21 per cent.
Market capitalisation at Admission £10.43 million
Estimate of gross proceeds of the Placing receivable by the Company £2.2 million
Estimate of net proceeds of the Placing receivable by the Company £1.77 million