The company announces the following unaudited data relating                
to its portfolio of investments as at 18 July 2003:                        
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 39,638,834
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 20,038,834
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,207,403
Net Assets Attributable to Ordinary Shareholders (Excl current   �9,831,431
year revenue)                                                              
Nav (Excl current year revenue) Per Ordinary Share                   35.11p



END