Holding(s) in Company

Raven Capital Inc
21 December 2004



              Raven Capital Inc. ('Raven Capital' or 'the Company')
                                        
                               Holdings in Company

Raven Capital was notified on 17th December 2004 that following the sale of
1,400,000 ordinary shares in the Company at 8 pence per share Solent Nominees
Limited is now interested in 1,111,112 ordinary shares representing 3.57 per
cent. of the Company's issued share capital.



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