The company announces the following unaudited data relating                
to its portfolio of investments as at 23 May 2003:                         
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 37,676,164
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 18,076,164
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,076,880
Net Assets Attributable to Ordinary Shareholders (Excl current   �7,999,284
year revenue)                                                              
Nav (Excl current year revenue) Per Ordinary Share                   28.57p



END