The company announces the following unaudited data relating                
to its portfolio of investments as at  2 January 2004:                     
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 42,318,692
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 22,718,692
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,609,203
Net Assets Attributable to Ordinary Shareholders (Excl current            �
year revenue)                                                    12,109,489
Nav (Excl current year revenue) Per Ordinary Share                   43.25p



END