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”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

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.

COOKIES

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:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

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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Thursday 07 March, 2002

Strategic Rail Auth

SRA Restructures Franchises

Strategic Rail Authority
7 March 2002

                                                                   7 March 2002




      SRA Agrees Terms for Restructuring of Central Trains and ScotRail

The Strategic Rail Authority (SRA) has agreed terms with National Express Group
for changes to the franchises they operate, which will secure their future
stability and bring benefits to passengers.  In particular, the deal provides
for the financial restructuring and future development of the heavily subsidised
but loss making ScotRail and Central Trains franchises for the remaining two
years of those franchises.

For passengers, the deal secures the future of ScotRail and Central Trains
services. In addition, it ensures that passengers will continue to benefit from
the protection of all of those additional services, which exceed the minimum
level required in the Franchise Agreements, for the duration of the franchises. 
These additional service commitments mean that over three million additional
train miles will be guaranteed on the Central Trains and ScotRail franchises.
The deal also secures current levels of rolling stock for the remaining life of
both franchises.

The SRA is to receive a cash payment of £59 million from National Express in
return for a revised franchise payment profile on these two major regional
networks. In securing this financial restructuring, the SRA has maintained the
transfer of cost and revenue risk to the operator, except on those services
provided to the specification of the West Midlands and Strathclyde Passenger
Transport Executives, where revenue risk continues to lie with the PTEs.  This
will ensure that the operator continues to be incentivised to improve services
to passengers, whilst ensuring that SRA and taxpayer interests are protected.

The deal will provide £115 million of additional subsidy across both franchises
until their expiry in 2004. It includes clawback provisions to ensure that,
where financial results are better than forecast, a share of the profits reverts
to the SRA.

Both parties have also reached agreement on a range of outstanding issues
arising from the National Express take-over of the franchising businesses of
Prism Rail PLC in September 2000.

In reaching this settlement with National Express, the SRA has completed the
financial restructuring of all regional franchises at the outset of the
franchise replacement process.  The settlement will provide a firm foundation
from which the franchises can run to term, and then be extended or replaced in
an orderly market process.

SRA Chairman Richard Bowker said:

'It has long been clear that the financial basis for the regional franchises was
unworkable - a situation compounded by Hatfield and the foot and mouth outbreak,
which affected tourism revenue. The SRA and National Express have worked
together over the last six months to hammer out the right solution for this
problem.   Negotiations have been rigorous on both sides.  I am convinced that
the outcome is a great step forward for passengers, the SRA and the operators.
There is now a firm basis on which to plan for the future development of the
franchises before they are re let, or extended, on expiry in 2004, in line with
the objectives of our Strategic Plan.'

Notes to Editors

1.      Central Trains operates an extensive network of rural, urban and inter-
urban services right across the Midlands, as well as into Central and South
Wales and East Anglia.  In the West Midlands local services are supported by
Centro (West Midlands PTE).  The Central Trains franchise expires in April 2004
and the SRA has indicated that National Express negotiation of a two-year
extension may be appropriate for the franchise.

2.      ScotRail operates the vast majority of the passenger rail services in
Scotland, and its services extend across the border to Carlisle.  It also
provides certain through services between Stranraer and Newcastle, and the
Sleeper services between London Euston and Glasgow, Edinburgh, Inverness,
Aberdeen and Fort William.  In the Glasgow area, ScotRail operates passenger
rail services on behalf of Strathclyde PTE (SPT).  The ScotRail franchise
expires in April 2004.

3.      The ScotRail franchise is funded by the Scottish Executive, which is
also responsible for providing Directions on the future extension or replacement
of the franchise.

4.      In addition to the agreement on ScotRail and Central Trains, the SRA and
        National Express have agreed the following issues relating to the rail
        businesses that National Express acquired from Prism in September 2000:

•       National Express will continue to operate the West Anglia Great Northern 
        franchise until March 2004;

•       National Express will continue to operate the Wales & Borders and Wessex 
        franchises until 1 April 2004 but the SRA intends to re-let these 
        franchises before this deadline;

•       To fulfil the undertaking inherited from Prism to invest £20.5million
        in the c2c franchise, National Express will invest £8 million in total 
        on capital improvements on the c2c and West Anglia Great Northern 
        franchises;

•       To fulfil the outstanding £13.3 million of the £25 million that National 
        Express undertook to invest across its franchises as part of the Prism 
        acquisition, National Express will pay the SRA £3.5 million in cash.


                   SRA Press Office: 020 7654 6387/6234/6339/6294
                              Website: www.sra.gov.uk

National Express: William Rollason, Finance Director or Nicola Marsden, 
Director of Group Communications: 020 7529 2000

Financial Dynamics: Andrew Dowler / Ben Foster: 020 7831 3113




                      This information is provided by RNS
            The company news service from the London Stock Exchange