The company announces the following unaudited data relating                
to its portfolio of investments as at  19 December 2003: 
                  
Total Assets (Excl Current Yr Revenue)                    �41,972,162

Total Bank Debt                                           �19,600,000
                                                          
                                                          �22,372,162

Liability Due To Zero Dividend Prefs                      �10,575,124

Net Assets Attributable to Ordinary Shareholders 
(Excl current year revenue)                               �11,797,038

Nav (Excl current year revenue) Per Ordinary Share             42.13p



END