Major Shareholders

Updated 25/9/08

Shares in issue 10,500,000 Ordinary 1p shares

Shareholder Sion Holdings Ltd (66.38%)

N J W Kerven & Family (4.50%)

Chelverton Asset Management (3.55%)

Other Directors/Officers (0.56%)

Therefore, shares in public hands: 33.06%

There are no restrictions on the transfer of AIM securities.

The company has not applied or agreed to have its securities admitted or traded to any other exchange or trading platform.