Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Havelock Europa PLC (HVE)

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Friday 29 June, 2001

Havelock Europa PLC

AGM Statement

Havelock Europa PLC
29 June 2001

                                                                  29 June 2001


                             HAVELOCK EUROPA PLC

AGM STATEMENT

At the AGM today of Havelock Europa PLC, the retail interiors and point of
sale display group, the Chairman, Michael Kennedy, made the following remarks:

TRADING UPDATE

'The Group has had a mixed start to the year.  The Point of Sale companies
have made a good recovery; Showcard Print particularly so.  A major expansion
in the breadth of the customer base has been achieved with further penetration
of the supermarket sector, thus diluting the traditional dependence on fashion
retailers.  The capital investment that took place last year in Showcard
Print, particularly in the field of direct projection, has paid considerable
dividends and a similar programme is planned to be completed in Hartcliffe by
the early autumn.  The new emphasis on global brands continues and point of
sale display work is now in hand for Reebok, Scottish Widows, Granada, Dyson
and Denby Pottery, to add to the existing business with Virgin Mobile.

The Retail Interiors Division has had a very slow start to the year, as a
result of the well publicised difficulties of some of its major customers in
the non-food retail sector.  The general level of refurbishment programmes
throughout this sector, planned for the current year, appears to be lower than
for some time.  Additionally, the merger activity taking place in the banking
sector has also had an effect in slowing down or deferring capital investment
in this market.



In contrast, the Group's Joint Venture in the Middle East, Havelock AHI WLL,
has experienced buoyant conditions, particularly in the retail sector, where
the rate of new investment in shopping centres and hypermarkets is at an
unprecedented level throughout the Gulf region. The Joint Venture's turnover
for the first five months of this year (of which Havelock Europa consolidates
half) was double that for the same period in 2000. The contribution from the
Joint Venture in the first half of the year will be above original
expectations and well above that for the same period last year.



EXPANSION IN THE MIDDLE EAST



With work almost completed for two new Debenhams' stores, in Qatar and Riyadh,
and a contract in place for a new store for Marks & Spencer, also in Riyadh,
as well as significant work in hand for Sheraton Hotels in Kuwait and two
Holiday Inns in Saudi Arabia, the Joint Venture now requires substantial
additional woodworking facilities.




The Joint Venture has, therefore, reached conditional agreement to buy the
factory and fixed assets of the Bahraini Light Industries Company (BLICO), a
manufacturer of office and hotel furniture, for the sum of Bahraini Dinars
775,000 (£1.45 million at the exchange rate at close of business on 27 June
2001).



The BLICO factory extends to 13,400 square metres, effectively doubling the
Joint Venture's manufacturing and warehousing space as well as adding
significantly to the range of woodworking machinery available to the business.



BLICO is quoted on the Bahraini Stock Exchange and the purchase is
conditional, amongst other things, on receiving the consent of the
shareholders of BLICO at an Extraordinary General Meeting to be held on 2 July
2001. The purchase will be funded from the existing cash resources and bank
facilities available locally to the Joint Venture.  In May, the Joint Venture
repaid all of its outstanding loans to Havelock Europa PLC, amounting to £
191,000. Havelock AHI made a contribution to the profits of Havelock Europa of
£374,000 in the year to 31 December 2000.



PROSPECTS



Overall, the Group results for the first half will be affected, as usual, by
the very high seasonal bias towards the second half of the year.  Whilst the
level of activity in the Retail Interiors Division is likely to be
substantially less than in 2000, as a result of difficult market conditions,
this is likely to be mitigated by a strong recovery at Showcard Print and
further good progress in the Middle East.



The Board continues to believe that there is scope for corporate
rationalisation within its sector and the Company is vigorously investigating
any such opportunities which would be to the advantage of shareholders and
customers.



SHAREHOLDER ACTIVITY



During May, 1,550,000 shares in the Company were acquired by two Swiss banks.
In accordance with its normal procedures, the Company requested the registered
owners to reveal the identity of the beneficial owners but they have declined
to disclose this information. These shares, which represent 5.5% of the
Company's issued ordinary share capital, have accordingly been
disenfranchised, in accordance with our Memorandum and Articles of
Association, until such time as the required information is provided.  In
addition, the registered owner of one of these share holdings has recently
acquired further shares increasing their holding above 3% of the issued share
capital of the Company and has failed to notify the Company of this interest,
in terms of the Companies Act 1985. The shares now held by these registered
owners total 7% of the Company's issued share capital. The Company is
implementing its normal procedure in respect of these further shares.'


Enquiries:


Havelock Europa PLC                                                01383-820044
  Hew Balfour  (Chief Executive)                           Mobile: 07801-683851

Bankside Consultants Limited                                    020-72 20 74 77
  Charles Ponsonby