The company announces the following unaudited data relating                
to its portfolio of investments as at 30 May 2003:                         
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 38,044,512
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 18,444,512
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,093,104
Net Assets Attributable to Ordinary Shareholders (Excl current   �8,351,408
year revenue)                                                              
Nav (Excl current year revenue) Per Ordinary Share                   29.83p



END