SHAREHOLDINGS

Significant Shareholders

As at 1 August 2008 the Company had been notified of the following interests (direct and indirect)amounting to more than 3 per cent or more in its share capital:

Value Investments Limited          61,460 ordinary shares (10.09%)
The Hon Peregrine Moncrieffe     55,320 ordinary shares (  9.08%)
Peter S Allen                            26,933 ordinary shares (  4.42%)

Number of Shares in Issue

The company has 609,000 ordinary shares of 25p in issue which are admitted to AIM. All of the ordinary shares are in public hands.

The company continues to hold 3,000 of its ordinary shares of 25p as treasury shares.  The voting and other rights attaching to these shares are suspended whilst they are held as treasury shares.  Similarly, no dividends or distributions will be made in respect of these shares whilst they are held as treasury shares

The company has 120,000 deferred shares of 12.5p each in issue which are not admitted to AIM and held in the John Swan Employee Benefit Trust.

On a poll, each ordinary share of 25p carries one vote and each deferred share of 12½p carries four votes.  Following the transfer of the deferred shares to the John Swan Employee Benefit Trust on 26 October 2005, the voting rights attaching to the deferred shares are exercised by the Trustee of the Trust as instructed by the Board, except where such instruction may breach the Trustee’s fiduciary duty in which case the Trustee shall be entitled to vote as it sees fit.  The deferred shares no longer have a right to a dividend.