Fairfax I.S. appointed as financial advisers
The investment objective of the Group is to provide Ordinary shareholders with a high income and opportunity for capital growth, having provided a capital return sufficient to repay the capital entitlement of the Zero Dividend Preference shares and the Preference shares on the Zero repayment date of 30 April 2007.

Investment Policy

The Groups investment policy, as approved by Shareholders on 25 November 2005, is that funds will be invested principally in UK companies with a market capitalisation of up to £500 million at the point of investment.

A maximum of 20 per cent of the Groups portfolio may be invested in companies without reference to their market capitalisation at the discretion of the Investment Manager.

The Group will invest in the ordinary shares of companies either listed on the Official List and traded on the London Stock Exchanges Main Market or traded on the London Stock Exchanges AIM Market.

No investment will be made in preference shares, loan stock or notes, convertible securities or fixed interest securities or any similar securities convertible into shares.

The Group will not invest in the securities of other investment trusts or in unquoted companies.

Listing Exchange: Full List

Listing Date: 12/05/1999