Net Asset Value(s)
February 11 2003 - 12:33PM
UK Regulatory
The company announces the following unaudited data relating
to its portfolio of investments as at 7 February 2003:
TOTAL ASSETS �36,150,678
TOTAL BANK DEBT �19,600,000
NET ASSETS �16,550,678
NAV ATTRIBUTABLE TO ORDINARY SHAREHOLDERS * �6,714,046
NAV (EX INCOME) PER ORDINARY SHARE 23.98p
* As previously announced, the Company is unable to pay a dividend while the
net assets
attributable to ordinary shareholders are less than �7m, equivalent to 25p per
Ordinary share.
As at 7 February 2003, the Company is therefore unable to pay the third quarter
dividend
declared on 21 January 2003. However, given the volatility in
equity markets, this
situation may change prior to the intended payment date.
END