The company announces the following unaudited data relating                    
                                                                               
to its portfolio of investments as at 16 January 2004:                         
                                                                               
Total Assets (Excl Current Yr Revenue)                              �42,605,853
                                                                               
Total Bank Debt                                                     �19,600,000
                                                                               
                                                                    �23,005,853
                                                                               
Liability Due To Zero Dividend Prefs                                �10,643,392
                                                                               
Net Assets Attributable to Ordinary Shareholders (Excl              �12,362,461
current year revenue)                                                          
                                                                               
Nav (Excl current year revenue) Per Ordinary Share                       44.15p
                                                                               



END