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.

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;
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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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VI Group PLC (VERO)

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Monday 13 January, 2003

VI Group PLC

Loan and Investment Agreement

VI Group PLC
13 January 2003


Monday, 13 January 2003

                                    VI GROUP plc

                           LOAN AND INVESTMENT AGREEMENT


VI Group plc ('VI' or 'the Group'), one of the leading suppliers of CAD/CAM
software to the mould and die sector, announces today that it has entered into a
Loan and Investment Agreement ('Agreement') with Hemisphere Capital LLC, a
private equity investor that focuses on fast growing Western European ICT
businesses. Under the terms of the Agreement, Hemisphere Capital has invested
approximately £622,000 (US$1.0m) to acquire a convertible debenture, to be
followed at a later date by a proposed additional investment of between £1.2m
and £2.5m (US$2.0m and US$4.0m) by way of a convertible preferred equity issue.


The convertible debenture, which will bear interest at 9% per annum, is
convertible in certain circumstances into American Depository Receipts ('ADR's)
of VI at a price of $4.5429 per ADR (1 ADR representing 20 ordinary VI shares)
and will mature no later than 10 January 2006.  The convertible debenture was
concluded earlier today and will, subject to anti-dilution and other similar
adjustment, constitute 4,402,460 ordinary shares on conversion. The future
financing by convertible preferred equity is subject to VI shareholders'
approval that will be sought in an Extraordinary General Meeting to be held in
the first half of 2003 and further discretionary due diligence and approval by
Hemisphere Capital.


This US investment is to be used in furthering VI's plans for both organic
growth and US acquisitions. Under the terms of the Agreement, Hemisphere Capital
will play a significant role in VI's future expansion. Further details of the
proposed financing will be released and distributed to shareholders in advance
of the Extraordinary General Meeting.


Stephen Palframan, Chairman of VI, commented:


'We are delighted to have received this strong support from Hemisphere Capital.
The proposed fund raising follows the listing of VI's shares on the American
Stock Exchange in October 2002 and in providing the finance to enable the Group
to expand, is an important step in our growth and returns to shareholders.'


Daniel Sasaki, Managing Partner of Hemisphere, commented:


'VI has a strong record of profitable growth and a clear vision for accelerating
its success through international expansion. The Hemisphere team is looking
forward to working closely with management to help VI grow its business rapidly
and profitably.'


For further information please contact:


Don Babbs, Chief Executive

Peter Wharton, Finance Director                               Tel: 01453 732 900

VI Group plc

Paul Downes/Dominic Barretto                                  Tel: 020 7606 1244

Merlin Financial



Notes to Editors:


VI Group designs, develops and supplies Computer Aided Design (CAD) and Computer
Aided Manufacturing (CAM) software that radically enhances the efficiency of the
design and manufacturing process in industry. Its software enables tooling
designers and mould makers to provide leading edge design as well as drive the
machine tools to cut the designed component or mould. VI is one of the few CAD/
CAM companies to provide these specialist capabilities. Current clients include
HS Die, one of the largest mould makers in the United States, Corus, a leading
international metal company born out of the merger of British Steel and
Koninklijke Hoogovens and DaimlerChrysler, one of the world's leading
automotive, transportation and services companies.


The Company's shares trade on both the London Stock Exchange and American Stock
Exchange.


Hemisphere Capital is a private equity investor that focuses on fast-growing ICT
businesses originating in Western Europe.  Hemisphere provides the capital and
management expertise to support the profitable growth of these companies,
particularly their international expansion.  Based in London with a business
development presence in Boston, MA, Hemisphere's principals represent more than
40 years of successful international investing, operations and management
expertise at SOFTBANK, Yahoo!, Sony, IBM and Credit Suisse First Boston.  The
team's strength is cross-border business development, particularly in the U.S.
and the major markets of Asia.


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