The company announces the following unaudited data relating                
to its portfolio of investments as at 27 June 2003:                        
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 39,074,940
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 19,474,940
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,158,260
Net Assets Attributable to Ordinary Shareholders (Excl current   �9,316,680
year revenue)                                                              
Nav (Excl current year revenue) Per Ordinary Share                   33.27p



END