Issue of Equity

The Company announces that following the restructuring of the Company's share
capital approved at the Extraordinary General Meeting of the Company held on 18
October 2006 it allotted and issued 8,574,337 new Ordinary shares of 1p each on
19 October 2006.

Application has been made for these shares to be admitted to the Official List
of the UK Listing Authority and to trading on the London Stock Exchange's
market for listed securities. Admission is anticipated to be effective on 20
October 2006.

Following this allotment the issued share capital of the Company is 8,574,337
Ordinary Shares of 1p each.

For further information please contact:

Sarah Penfold at Matrix-Securities Limited, Company Secretary, on 020 7925 3300