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.

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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.

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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.


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Hydro Hotel, Eastbourne, Plc (HYDP)

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Thursday 24 July, 2008

Hydro Hotel, Eastbourne, Plc

Statement re IHT status of the Company's shares


Chairman's letter to Shareholders 9 July 2008

Dear Shareholder,

Inheritance Tax - Qualification of the Company's Shares for "Business Property

At the AGM in April the question was raised whether the company's shares
continue to qualify for "Business Property Relief" for the purposes of
Inheritance Tax. This is the provision whereby under current tax law the value
of the company's shares included in a lifetime transfer or on death may be
reduced by 100% so that no inheritance tax is charged thereon.

The relief is subject to a number of qualifications. Some of these relate to
the way the company's shares are traded and the nature of its business
activities, and these are matters that the Board has reviewed. Other
requirements relate to the individual transferor shareholder's personal
circumstances, in particular the provision that the shares must usually have
been owned by the transferor for a minimum of two years. These are matters for
the individual shareholder and are not the concern of the Board.

We have reviewed the company's business activities in relation to the
Inheritance Tax Business Property Relief rules, and we have also referred the
question to our auditors PKF (UK) LLP (PKF) for their opinion. We have
concluded, with PKF's approval, that as at 30th April 2008, the company's
shares continued to meet the qualification requirements which will enable a
transferor shareholder with the appropriate personal circumstances to benefit
from Business Property Relief in full. There have been no material changes to
the company's position in this respect since that date.

Shareholders should be aware that tax legislation is complex and liable to
change at any time, and indeed retrospectively, and they should in every case
obtain professional advice on their circumstances before acting or refraining
from acting on their affairs or planning for the future. The information in
this letter is given in good faith, but it does not purport to be professional
advice on any shareholder's affairs, nor to be advice to any prospective
shareholder, and shareholders or prospective shareholders should not rely upon
it but must consult their own professional advisers.

Yours sincerely,

Graeme C King


The Directors of Hydro Hotel, Eastbourne, plc accept full responsibility for the contents of this announcement

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