The company announces the following unaudited data relating                
to its portfolio of investments as at 1 August 2003:                       
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 39,998,063
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 20,398,063
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,240,297
Net Assets Attributable to Ordinary Shareholders (Excl current            �
year revenue)                                                    10,157,766
Nav (Excl current year revenue) Per Ordinary Share                   36.28p



END