Securities & Shareholders

Substantial Shareholders	No of Shares	% Holding
M Taylor	8,984,534	25.7%
J McKenna	4,166,666	11.9%
S Hart	4,166,667	11.9%
M Middleton	4,166,667	11.9%
A Edwards*	2,988,357	8.6%
P Trendell	3,271,473	9.4%
Shares not in public hands	30,517,274	87.3%
Total number of 1p ordinary shares	34,946,069	100.0%

*A Edwards holding includes a non-beneficial interest of 1,050,000 shares

All ordinary shares in issue have a nominal value of 1 pence per share
There are no restrictions on the transfer of the shares