Net Asset Value(s)
February 18 2003 - 12:31PM
UK Regulatory
The company announces the following unaudited data relating
to its portfolio of investments as at 14 February 2003:
TOTAL ASSETS (EXCL CURRENT YR REVENUE) �36,059,982
TOTAL BANK DEBT �19,600,000
�16,459,982
LIABILITY DUE TO ZERO DIVIDEND PREFS �9,852,469
NET ASSETS ATTRIBUTABLE
TO ORDINARY SHAREHOLDERS
(EXCL CURRENT YEAR REVENUE) �6,607,514
NAV (EXCL CURRENT YEAR REVENUE)
PER ORDINARY SHARE 23.60p
As at 14 February 2003, the Company may be unable to pay in full the third
quarterly dividend declared on 21 January 2003, due to legal restrictions. However,
given the volatility in equity markets, this situation may change prior to the
intended payment date.
END