2 March 2007

Shareholder circular relating to the :

• recommended proposals for the winding up of the Company; and

• notice of an Extraordinary General Meeting to be held on 28 March 2007

Copies of the above document have today been posted to shareholders and submitted to the UK Listing Authority. The document will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel No: 020 7066 1000