The company announces the following unaudited data relating                         
to its portfolio of investments as at 9 May 2003:                                   
Total Assets (Excl Current Yr Revenue)                                           �  
                                                                        37,216,905  
Total Bank Debt                                                                  �  
                                                                        19,600,000  
                                                                                 �  
                                                                        17,616,905  
Liability Due To Zero Dividend Prefs                                             �  
                                                                        10,044,511  
Net Assets Attributable to Ordinary Shareholders (Excl current year     �7,572,394  
Revenue)                                                                            
Net Assets Attributable to Ordinary Shareholders (incl undistributed    �8,585,259 *
Revenue reserves )                                                                  
Nav (Excl Current Year Revenue) Per Ordinary Share                          27.04p  
* includes �798,000 in respect of the 4th interim dividend; Please refer to         
announcement made.                                                                  



END