Final Results -10-

| for the year         |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Movement in respect  |                      |           - | |            - |       |            - | |           - |         |       (140) |  |            - |        |        (140) | 
| of employee share    |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
| scheme |             |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Share based payments |                      |           - | |          175 |       |            - | |       (175) |         |           - |  |            - |        |            - | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Issue of equity      |                      |         318 | |          382 |       |            - | |           - |         |           - |  |            - |        |          700 | 
| share capital        |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Transfer to          |                      |           - | |     (31,973) |       |       31,973 | |           - |         |           - |  |            - |        |            - | 
| distributable        |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
| reserves following   |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
| restructure          |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Special Dividend     |                      |           - | |            - |       |     (20,565) | |           - |         |           - |  |            - |        |     (20,565) | 
| paid ^               |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
|                      |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Balance at 31        |                      |      27,060 | |            - |       |       11,408 | |           - |         |       (140) |  |        1,131 |        |       39,459 | 
| December 2008        |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Attributable to:     |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Equity holders of    |                      |      27,060 | |            - |       |       11,408 | |           - |         |       (140) |  |        1,131 |        |       39,459 | 
| the parent company   |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
 
 
* At a General Meeting of the Company held on April 7 2008 a special resolution 
to cancel the Company's Share Premium account was approved. An application to 
the Courts was then made to create a Special reserve which will be treated as 
distributable. The Court Order became effective on 28 May 2008 subject to funds 
equal to outstanding creditors on 22 May 2008 being set up in a blocked trust 
bank account. As at 31 December 2008 the blocked funds amounted to GBP202,139. 
 
 
| Own share scheme reserve represents Company shares held in the Employee 
Benefit Trust to meet the future requirements of the employee share scheme. 
 
 
^ The Special Dividend represents a dividend of 19p per share paid on 17 July 
2008. 
 
 
 
 
COMPANY BALANCE SHEET 
At 31 December 2008 
 
 
+----------------------------------------+-------+----------------+--+-----------------+ 
|                                        |Notes  |    31 December |  |     31 December | 
|                                        |       |           2008 |  |            2007 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
|                                        |       |        GBP'000 |  |         GBP'000 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
|                                        |       |                |  |                 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Non-current assets                     |       |                |  |                 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Investments                            |  14   |         31,782 |  |          31,782 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
|                                        |       |                |  |                 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Current assets                         |       |                |  |                 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Trade and other receivables            |  17   |          1,952 |  |           2,665 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Current tax asset                      |       |            178 |  |               - | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Restricted cash                        |  20   |            202 |  |               - | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Cash and cash equivalents              |  19   |          5,829 |  |          25,370 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Total current assets                   |       |          8,161 |  |          28,035 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
|                                        |       |                |  |                 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Current liabilities                    |       |                |  |                 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Trade and other payables               |  18   |          (137) |  |           (739) | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Current tax liabilities                |       |          (347) |  |           (430) | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Total current liabilities              |       |          (484) |  |         (1,169) | 
+----------------------------------------+-------+----------------+--+-----------------+ 
|                                        |       |                |  |                 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Net current assets                     |       |          7,677 |  |          26,866 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
|                                        |       |                |  |                 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
| Net assets                             |       |         39,459 |  |          58,648 | 
+----------------------------------------+-------+----------------+--+-----------------+ 
|                                        |       |                |  |                 |