Holding(s) in Company

Asfare Group plc 19 December 2003 Asfare Group Plc Disclosure of Interests in Shares The Company was informed on 16 December 2003 that following a purchase of 630,000 shares via a placing on 12 December 2003, Singer & Friedlander Investment Management Limited has the following interest in Asfare Group Plc: - 630,000 Ordinary shares, which based on there being 4,200,000 Ordinary shares in issue represents 15% of this class of capital. Of which, following the placing on 12 December 2003, Singer & Friedlander AIM 3 Venture Capital Trust has the following interest in Asfare Group Plc: - 321, 393 Ordinary shares, which based on there being 4,200,000 Ordinary shares in issue represents 7.652% of this class of capital. All shares are held on behalf of discretionary clients. This information is provided by RNS The company news service from the London Stock Exchange DLFGFZM

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