Holding(s) in Company

Small Companies Dividend Trust PLC

The Company has been notified by BFS Investments plc that following the sale of
1,139 Ordinary shares on 14 July 2004 the breakdown of the total holding on
behalf of their discretionary clients is as follows:

                                             Ordinary shares           
                                                                       
BFS Income & Growth Trust                          1,033,000      6.56%
                                                                       
BFS Equity Income & Bond Trust                       333,500      2.12%
                                                                       
BFS Asian Assets Trust Ltd                           125,000      0.79%
                                                                       
BFS UK Dual Return Trust                             286,434      1.82%
                                                                       
Discretionary clients of BFS Investments             268,492      1.70%
plc                                                                    
                                                                       
Total                                              2,046,426     12.99%

15 July 2004