Corporate Action

Ninth Floor (The) PLC
18 May 2001

CAPITAL REORGANISATION
SECURITY TITLE
*Ord Shs
MNEMONIC CODE   *NNF
SEDOL CODE      *941-530
TERMS           *Subdivide each Ordinary Share of 10p into 1 Ordinary Share
                 of 1p and 9 Deferred Shares of 1p
PROVISIONAL EFFECTIVE DATE *06-06-01
NOTES * The effective date for the Capital Reorganisation is subject to approval
at the EGM.