The company announces the following unaudited data relating                
to its portfolio of investments as at 4 July 2003:                         
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 38,920,296
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 19,320,296
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,174,615
Net Assets Attributable to Ordinary Shareholders (Excl current   �9,145,681
year revenue)                                                              
Nav (Excl current year revenue) Per Ordinary Share                   32.66p



END