Director Shareholding

Director Shareholding

The Company has received notification from its Executive Directors of their
holdings in ordinary shares of 5p each in the Company following the open offer
on 2 June 2005. The shareholdings are as follows:

Name of Director Shares      Price   Date of        No. of          Percentage 
                 Purchased           Notification   Beneficial      of Issued  
                                                    shares held     Shares     
                                                    following this             
                                                    purchase.                  
                                                                               
G L                 1,467    120p    6th June 2005      16,405         0.016   
Kettleborough                                                                  
                                                                               
K O Romney          1,404    120p    7th June 2005      15,476         0.015   
                                                                               
F Hughes             469     120p    6th June 2005       5,163         0.005