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”).


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.


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.

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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.


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.


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.


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.


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.


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

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Sgr & Frdlndr AIM 3 (VICT)

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Friday 18 November, 2005

Sgr & Frdlndr AIM 3

Conversion of Securities

Singer & Friedlander AIM 3 VCT PLC
18 November 2005



18th November 2005

The Board of Singer & Friedlander AIM 3 VCT PLC ('the Company') announces that
the net proceeds of the offers of C Shares of 5 pence each ('the C Shares') in
the Company have been substantially invested in accordance with the Company's
investment policy, with qualifying investments representing 77.11% of the
portfolio as at 31st October 2005.

In accordance with the Articles of Association of the Company and after taking
relevant advice, the Board announces its intention to convert all 402,023 C
Shares in issue into ordinary shares of 5 pence each ('the Ordinary Shares').
As a result of the conversion, the listing of the C Shares will be cancelled and
they will cease to trade on the main market for listed securities of London
Stock Exchange plc.

As prescribed in the Articles of Association of the Company the number of
Ordinary Shares to which each holder of C Shares will be entitled on conversion
will be based upon the ratio of the net asset value of the asset pool of the
Company attributable to the C Shares to the net asset value of the asset pool of
the Company attributable to the Ordinary Shares as at 5.30 p.m. on 17th
November, the date on which the Board resolved that the net proceeds of the
offers of C Shares had been substantially invested in accordance with the
Company's investment policy.

In accordance with the Articles of Association of the Company, notices will be
sent to the holders of C Shares before the date on which conversion becomes
effective informing them of the number of Ordinary Shares to which they will
become entitled on conversion (assuming no intervening changes in their holdings
of C Shares).

The record time for calculating the individual entitlements of C Shareholders to
Ordinary Shares will be 5.30 p.m. on Friday 9th December.

The expected timetable for the conversion is as follows:

Record time for Conversion, C Share register closes               5.30 p.m. on 9th December 2005
Dealings in new Ordinary Shares commence                          8.00 a.m. 12th December 2005
Crediting of CREST accounts with new Ordinary Shares              12th December 2005
Share certificates in respect of new Ordinary Shares despatched   Week commencing 12th December 2005


Andrew Banks

Singer & Friedlander Investment Management Limited

Tel. 020 7623 3000

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

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