The company announces the following unaudited data relating                
to its portfolio of investments as at 25 July 2003:                        
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 40,038,927
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 20,438,927
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,223,837
Net Assets Attributable to Ordinary Shareholders (Excl current            �
year revenue)                                                    10,215,090
Nav (Excl current year revenue) Per Ordinary Share                   36.48p



END