Shareholdings

As at 2nd June 2008 the following significant shareholdings of 3% or more of the ordinary share capital of the Company had been notified to the Company:

In total 61,390,863 shares with a nominal value of 5p each are issued, with one voting right per share. All securities are traded at AIM. There are no shares held in treasury.

Restrictions on transfer of AIM securities

published in the Admission Document:

The Lock-in Agreements, dated 23 October 2006, pursuant to which each of the Directors, Existing Shareholders have undertaken to the Company and Bell Lawrie not to dispose of the Ordinary Shares held by each of them (or to be issued pursuant to Deferred Consideration or by respect of Fees Shares) and their connected persons prior to the Placing following Admission at any time prior to the date falling 12 months from the date of Admission (subject to certain limited exceptions) without the prior written consent of the Company and Bell Lawrie (the ‘‘Lock-in Period’’). They have further undertaken to the Company and to Bell Lawrie that for a further 12 months following the end of the Lock-in Period they will only dispose of Ordinary Shares held by them or their connected persons through Bell Lawrie (or such other company as may be broker to the Company at that time) in such orderly manner as Bell Lawrie (or such other broker) shall reasonably determine.

Shares not in public hand at 2nd June 2008:             53.08 %