EGM Statement

At an Extraordinary General Meeting of the Company held today, 3 October 2002,
all resolutions were duly passed.

The resolutions were as follows:

- An ordinary resolution granting the Board the authority to allot further
securities in the Company up to an aggregate nominal value of £1,050,000 (being
10% of the nominal value of the ordinary shares in issue on 28 August 2002).

- A special resolution granting authority to the Board to allot a limited
number of currently unissued ordinary shares for cash, without first offering
such shares to existing ordinary shareholders pro-rata to their existing
holdings.

 

3 October 2002