Pursuant to an Option Agreement with Canaccord Capital (Europe) Limited, options over 333,333 Ordinary Shares of 5 pence each (“Ordinary Shares”) have been exercised at a price of 300 pence per Ordinary Share.

Accordingly, on 24 February 2005 the Board of the Company allotted 333,333 Ordinary Shares to Canaccord Capital (Europe) Limited.

Application has been made to the AIM market of the London Stock Exchange (“AIM”) for the admission to trading of these 333,333 Ordinary Shares.  These shares rank pari passu with the Company's existing Ordinary Shares and dealings are expected to commence on 3 March 2005 on AIM.

For further information, please contact:

Regal Tel: 020 7408 9500
Roger Phillips, Finance Director 

 
Buchanan Communications Tel: 020 7466 5000
Bobby Morse