Holding(s) in Company

City Equities Limited purchased 5,000,000 shares in the Company on 2 August 2006, representing 3.41% of the enlarged
issued share capital.

City Equities Limited has reported to the Company that having sold 5,000,000 of these shares, as well as their remaining
2,577,500 shares in the Company that were purchased through the Placing relating to the Company's Admission to AIM, to
certain of their private customers, acting as Principal, as at the close of business on 8 August 2006, City Equities
Limited no longer has a notifiable interest.

Enquiries:

1pm plc            John Stickley,           08707 397 397
                   Managing Director

Biddicks           Shane Dolan              020 7448 1000

ARM Corporate      Nick Harriss             020 7512 0191
Finance Limited