Pursuant to the Company's Executive Share Option Scheme, options over 100,000 Ordinary Shares of 5 pence each (“Ordinary Shares”) have been exercised at a price of 101.5 pence per Ordinary Share.

Accordingly, the Board of the Company allotted 100,000 Ordinary Shares to an employee of the Company.

Application has been made to the AIM Market of the London Stock Exchange (“AIM”) for the admission to trading of these 100,000 Ordinary Shares.  These shares rank pari passu with the Company's existing Ordinary Shares and dealings are expected to commence on 20 August 2004 on AIM.

17 August 2004

For further information, please contact:

Regal Tel: 020 7408 9500
Chris Phillips, Company Secretary 

 
Buchanan Communications Tel: 020 7466 5000
Bobby Morse