The company announces the following unaudited data relating                    
                                                                               
to its portfolio of investments as at 23 January 2004:                         
                                                                               
Total Assets (Excl Current Yr Revenue)                              �42,495,909
                                                                               
Total Bank Debt                                                     �19,600,000
                                                                               
                                                                    �22,895,909
                                                                               
Liability Due To Zero Dividend Prefs                                �10,660,528
                                                                               
Net Assets Attributable to Ordinary Shareholders (Excl              �12,235,381
current year revenue)                                                          
                                                                               
Nav (Excl current year revenue) Per Ordinary Share                       43.70p



END