Final Results -9-

| Financing activities                    |     |                 |  |                | 
+-----------------------------------------+-----+-----------------+--+----------------+ 
| Special dividend paid                   |     |        (20,565) |  |              - | 
+-----------------------------------------+-----+-----------------+--+----------------+ 
| Proceeds from issue of shares           |     |             700 |  |         21,327 | 
+-----------------------------------------+-----+-----------------+--+----------------+ 
| Less issue costs                        |     |               - |  |            (5) | 
+-----------------------------------------+-----+-----------------+--+----------------+ 
| Net cash flows from financing           |     |        (19,865) |  |         21,322 | 
| activities                              |     |                 |  |                | 
+-----------------------------------------+-----+-----------------+--+----------------+ 
|                                         |     |                 |  |                | 
+-----------------------------------------+-----+-----------------+--+----------------+ 
| (Decrease)/increase in cash and cash    |     |        (17,814) |  |         20,440 | 
| equivalents                             |     |                 |  |                | 
+-----------------------------------------+-----+-----------------+--+----------------+ 
| Cash and cash equivalents at beginning  |     |          26,479 |  |          6,039 | 
| of year                                 |     |                 |  |                | 
+-----------------------------------------+-----+-----------------+--+----------------+ 
| Cash and cash equivalents at end of     |     |           8,665 |  |         26,479 | 
| year                                    |     |                 |  |                | 
+-----------------------------------------+-----+-----------------+--+----------------+ 
 
COMPANY STATEMENT OF CHANGES IN EQUITY 
At 31 December 2008 
 
 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
|                      |                      |       Share | |        Share |       |      Special | |      Equity |         |         Own |  |     Retained |        |        Total | 
|                      |                      |     capital | |      premium |       |      reserve | |      shares |         |      shares |  |     earnings |        |       equity | 
|                      |                      |             | |              |       |              | |       to be |         |     reserve |  |              |        |              | 
|                      |                      |             | |              |       |              | |      issued |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
|                      |                      |     GBP'000 | |      GBP'000 |       |          GBP | |     GBP'000 |         |     GBP'000 |  |      GBP'000 |        |      GBP'000 | 
|                      |                      |             | |              |       |         '000 | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Balance at 30 June   |                      |      26,698 | |       31,351 |       |            - | |         201 |         |           - |  |          265 |        |       58,515 | 
| 2007                 |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+                      +----------------------+             +-+              +-------+              +-+             +---------+             +--+              +--------+              + 
|                      |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Profit for the six   |                      |           - | |            - |       |            - | |           - |         |           - |  |           50 |        |           50 | 
| months to            |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
| 31 December 2007     |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
|                      |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Total recognised     |                      |           - | |            - |       |            - | |           - |         |           - |  |           50 |        |           50 | 
| income and expense   |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
| for the year         |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Share based payments |                      |           - | |           26 |       |            - | |        (26) |         |           - |  |            - |        |            - | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Issue of equity      |                      |          44 | |           44 |       |            - | |           - |         |           - |  |            - |        |           88 | 
| share capital        |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Costs of issue       |                      |           - | |          (5) |       |            - | |           - |         |           - |  |            - |        |          (5) | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Balance at 31        |                      |      26,742 | |       31,416 |       |            - | |         175 |         |           - |  |          315 |        |       58,648 | 
| December 2007        |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+                      +----------------------+             +-+              +-------+              +-+             +---------+             +--+              +--------+              + 
|                      |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Profit for the year  |                      |           - | |            - |       |            - | |           - |         |           - |  |          816 |        |          816 | 
| to                   |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
| 31 December 2008     |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
|                      |                      |             | |              |       |              | |             |         |             |  |              |        |              | 
+----------------------+----------------------+-------------+-+--------------+-------+--------------+-+-------------+---------+-------------+--+--------------+--------+--------------+ 
| Total recognised     |                      |           - | |            - |       |            - | |           - |         |           - |  |          816 |        |          816 | 
| income and expense   |                      |             | |              |       |              | |             |         |             |  |              |        |              |