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